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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

716, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in October 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 716 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 420K20 October 2016
Current rentAED 11K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 716, Palace Towers Residential Block

What is 716 worth today?

Last sold for AED 420,000 in 2016

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1 Nov 2026RentedNew contract
AED 10,714/yr4 months · AED 25 per sqft
1 Nov 2026RentedNew contract
AED 42,692/yr3 months · AED 99 per sqft
21 Jul 2025RentedNew contract
AED 43,000/yr12 months · AED 100 per sqft
2 Nov 2016RentedNew contract
AED 45,000/yr12 months · AED 105 per sqft
20 Oct 2016SoldReady
AED 420,000AED 973 per sqft
2 Oct 2015RentedNew contract
AED 45,000/yr12 months · AED 105 per sqft
18 Feb 2014RentedNew contract
AED 28,999/yr7 months · AED 67 per sqft
19 Jun 2013RentedNew contract
AED 19,000/yr8 months · AED 44 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
7th of 22
Parking
B1-159
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 420K · October 2016
Building
Palace Towers Residential Block

About 716, Palace Towers Residential Block

716 is a studio of 431 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 20 October 2016 for AED 420,000, or AED 973 per sqft, 6% above the AED 915 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 November 2026, is AED 10,714 a year: a gross yield of 2.5% on the 2016 price, before the service charge of about AED 6,900 a year.

Sales and rents for 716 over time

Sales
Unit 716, 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, July 2009: AED 352,000 (AED 816 per sqft)Sold, May 2010: AED 352,000 (AED 816 per sqft)Sold, October 2016: AED 420,000 (AED 973 per sqft)

716 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 716, 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, June 2013: AED 19,000 a yearNew contract, February 2014: AED 28,999 a yearNew contract, October 2015: AED 45,000 a yearNew contract, November 2016: AED 45,000 a yearNew contract, July 2025: AED 43,000 a yearNew contract, November 2026: AED 10,714 a yearNew contract, November 2026: AED 42,692 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 716 sits

All 280 studios →

716 last sold in October 2016 at AED 973 per sqft, 6% above what studios in Palace Towers Residential Block were fetching at the time (AED 915). 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. 716's AED 10,714 is at the bottom 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

716, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 352,000, last on 20 October 2016 for AED 420,000 (AED 973 per sqft).
  • Rented since June 2013 on 7 Ejari contracts, from AED 19,000 to AED 10,714 a year.
  • At AED 10,714 a year the gross yield on the 2016 price is 2.5%, before a service charge of about AED 6,900 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 1 November 2026.

Questions about 716, Palace Towers Residential Block

What did unit 716 last sell for?

AED 420,000 on 20 October 2016: AED 973 per sqft for 431 sqft. The unit has 3 registered sales; the first was AED 352,000 in July 2009.

What is the rent for unit 716?

AED 10,714 a year on the contract signed on 1 November 2026. The previous contract, from November 2026, was AED 42,692; the unit has been rented since June 2013.

How big is unit 716?

431 sqft (40.0 sqm): a studio on the 7th floor of a 22-storey tower completed in 2009.

What is unit 716 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 716, Palace Towers Residential Block

Starts from the last sale price (AED 420K, 20 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 420,000
Deposit, UAE resident (20%)
AED 84,000
Deposit, non-resident (40%)
AED 168,000
Monthly over 25 years at 3.7%
AED 1,718

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