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Studio · 510 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

712, Palace Towers Residential Block

Sold prices and rental history: sold 4 times, last in February 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 25 November 2025
Last soldAED 250K18 February 2021
Current rentAED 46K /yr25 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 712, Palace Towers Residential Block

What is 712 worth today?

Last sold for AED 250,000 in 2021

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25 Nov 2025RentedRenewal
AED 46,000/yr12 months · AED 91 per sqft
25 Nov 2024RentedNew contract
AED 45,000/yr12 months · AED 89 per sqft
26 Sep 2023RentedRenewal
AED 29,700/yr12 months · AED 59 per sqft
26 Sep 2022RentedRenewal
AED 27,000/yr12 months · AED 53 per sqft
26 Sep 2021RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft
18 Feb 2021SoldReady
AED 250,000AED 490 per sqft
22 Nov 2016SoldReady
AED 420,000AED 823 per sqft
11 Jul 2016RentedNew contract
AED 35,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 25 November 2025.

Key facts

Type
Studio apartment
Size
510 sqft
Floor
7th of 22
Parking
L3-60
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 8,200 /yr
Last sold
AED 250K · February 2021
Building
Palace Towers Residential Block

About 712, Palace Towers Residential Block

712 is a studio of 510 sqft on the 7th floor of Palace Towers Residential Block, a 22-storey tower in Dubai Silicon Oasis completed in 2009 by Tameer Holding Investment. It last sold on 18 February 2021 for AED 250,000, or AED 490 per sqft, in line with the AED 501 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 25 November 2025, is AED 46,000 a year: a gross yield of 18.4% on the 2021 price, before the service charge of about AED 8,200 a year.

Sales and rents for 712 over time

Sales
Unit 712, each saleTypical studio in Palace Towers Residential Block
200K300K400K2009201420192024Typical sale price by year: 2009 AED 369,000; 2010 AED 362,000; 2011 AED 311,640; 2012 AED 255,000; 2013 AED 326,600; 2014 AED 425,000; 2015 AED 415,000; 2016 AED 405,000; 2017 AED 415,000; 2018 AED 312,500; 2019 AED 275,000; 2020 AED 222,500; 2021 AED 242,500; 2022 AED 250,000; 2023 AED 300,000; 2024 AED 365,000; 2025 AED 420,000; 2026 AED 426,500Sold by developer, August 2009: AED 423,000 (AED 829 per sqft)Sold, June 2010: AED 211,500 (AED 414 per sqft)Sold, November 2016: AED 420,000 (AED 823 per sqft)Sold, February 2021: AED 250,000 (AED 490 per sqft)

712 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 712, each contractTypical studio in Palace Towers Residential Block
20K40K2012201620202024Typical rent by year: 2012 AED 26,500; 2013 AED 30,000; 2014 AED 35,000; 2015 AED 40,000; 2016 AED 40,000; 2017 AED 40,000; 2018 AED 35,000; 2019 AED 30,000; 2020 AED 24,000; 2021 AED 22,000; 2022 AED 25,000; 2023 AED 30,000; 2024 AED 33,536; 2025 AED 38,400; 2026 AED 39,000New contract, July 2014: AED 31,000 a yearNew contract, July 2016: AED 35,000 a yearNew contract, September 2021: AED 24,000 a yearRenewal, September 2022: AED 27,000 a yearRenewal, September 2023: AED 29,700 a yearNew contract, November 2024: AED 45,000 a yearRenewal, November 2025: AED 46,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Palace Towers Residential Block, and where 712 sits

All 280 studios →

712 last sold in February 2021 at AED 490 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 501). Over the last 12 months studios sold for AED 320,000 to 470,000, around AED 962 per sqft, and rent for AED 10,714 to 66,000 a year. 712's AED 46,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
5 Oct 2026395,000
1 Oct 2026435,000
20 Aug 2026390,000
21 Jul 2026445,000
22 studio sales in the last 12 months

Palace Towers Residential Block

Building

424 apartments, studios to 2-bed over 22 floors in Dubai Silicon Oasis, completed in 2009 by Tameer Holding Investment. 32 sold in the last 12 months.

Typical price per sqft
AED 906 Up 5.1%
Typical sale
AED 443K
Typical rent
AED 42K /yr
Typical yield
9.2%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 7th floor

All 424 units in Palace Towers Residential Block
Value
7011-bedAED 360K · Mar 2012
702StudioAED 381K · Oct 2013
703StudioAED 380K · Aug 2013
704StudioAED 270K · Apr 2019
7052-bedAED 450K · Apr 2013
706StudioAED 151K · Jul 2012
707StudioAED 220K · Sep 2022
1–7 of 23

712, Palace Towers Residential Block in numbers

  • Sold 4 times: first on 26 August 2009 for AED 423,000, last on 18 February 2021 for AED 250,000 (AED 490 per sqft).
  • Rented since July 2014 on 7 Ejari contracts. The rent fell from AED 31,000 to AED 24,000 in 2021 and recovered to AED 46,000 by November 2025.
  • At AED 46,000 a year the gross yield on the 2021 price is 18.4%, before a service charge of about AED 8,200 a year (AED 16.09 per sqft).
  • Studios in Palace Towers Residential Block sold for AED 320,000–470,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 25 November 2025.

Questions about 712, Palace Towers Residential Block

What did unit 712 last sell for?

AED 250,000 on 18 February 2021: AED 490 per sqft for 510 sqft. The unit has 4 registered sales; the first was AED 423,000 in August 2009.

What is the rent for unit 712?

AED 46,000 a year on the contract renewed on 25 November 2025. The previous contract, from November 2024, was AED 45,000; the unit has been rented since July 2014.

How big is unit 712?

510 sqft (47.4 sqm): a studio on the 7th floor of a 22-storey tower completed in 2009.

What is unit 712 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Palace Towers Residential Block sold for AED 320,000 to 470,000 in the last 12 months, around AED 962 per sqft.

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Mortgage on 712, Palace Towers Residential Block

Starts from the last sale price (AED 250K, 18 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →