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2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

717, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in February 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 717 · DLD and Ejari recordsUpdated 24 February 2013
Last soldAED 300K24 February 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 717, Palace Towers Residential Block

What is 717 worth today?

Last sold for AED 300,000 in 2013

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24 Feb 2013SoldReady
AED 300,000AED 303 per sqft
28 Dec 2010SoldReady
AED 801,000AED 809 per sqft
23 Jul 2009Sold by developerOff-plan
AED 801,000AED 809 per sqft

Source: Dubai Land Department. Updated 24 February 2013.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
7th of 22
Parking
L1-118
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 300K · February 2013
Building
Palace Towers Residential Block

About 717, Palace Towers Residential Block

717 is a two-bedroom apartment of 990 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 24 February 2013 for AED 300,000, or AED 303 per sqft, 42% below the AED 520 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 717 over time

Sales
Unit 717, each saleTypical two-bed in Palace Towers Residential Block
500K2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, July 2009: AED 801,000 (AED 809 per sqft)Sold, December 2010: AED 801,000 (AED 809 per sqft)Sold, February 2013: AED 300,000 (AED 303 per sqft)

717 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 717, each contractTypical two-bed in Palace Towers Residential Block
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000

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

2-beds in Palace Towers Residential Block, and where 717 sits

All 72 2-beds →

717 last sold in February 2013 at AED 303 per sqft, 42% below what two-beds in Palace Towers Residential Block were fetching at the time (AED 520). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
7 2-bed 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

717, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 801,000, last on 24 February 2013 for AED 300,000 (AED 303 per sqft).
  • Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 in the 12 months to November 2026; the building's median across all types is AED 906 per sqft.

Source: Dubai Land Department. Updated 24 February 2013.

Questions about 717, Palace Towers Residential Block

What did unit 717 last sell for?

AED 300,000 on 24 February 2013: AED 303 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 801,000 in July 2009.

How big is unit 717?

990 sqft (92.0 sqm): a two-bedroom apartment on the 7th floor of a 22-storey tower completed in 2009.

What is unit 717 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

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Mortgage on 717, Palace Towers Residential Block

Starts from the last sale price (AED 300K, 24 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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