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

720, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in January 2026, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 720 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 840K16 January 2026
Current rentAED 84K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 720, Palace Towers Residential Block

What is 720 worth today?

Last sold for AED 840,000 in 2026

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1 May 2026RentedNew contract
AED 84,000/yr12 months · AED 85 per sqft
16 Jan 2026SoldReady
AED 840,000AED 848 per sqft
5 Sep 2025RentedNew contract
AED 77,500/yr12 months · AED 78 per sqft
5 May 2024RentedNew contract
AED 60,000/yr12 months · AED 61 per sqft
5 May 2023RentedNew contract
AED 55,000/yr12 months · AED 56 per sqft
5 Nov 2021RentedNew contract
AED 45,000/yr12 months · AED 45 per sqft
10 Jan 2019RentedNew contract
AED 60,000/yr12 months · AED 61 per sqft
15 Nov 2016RentedRenewal
AED 85,000/yr8 months · AED 86 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
7th of 22
Parking
L1-114
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 840K · January 2026
Building
Palace Towers Residential Block

About 720, Palace Towers Residential Block

720 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 16 January 2026 for AED 840,000, or AED 848 per sqft, in line with the AED 833 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 1 May 2026, is AED 84,000 a year: a gross yield of 10.0% on the 2026 price, before the service charge of about AED 15,900 a year.

Sales and rents for 720 over time

Sales
Unit 720, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical 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 841,050 (AED 849 per sqft)Sold, August 2010: AED 420,525 (AED 424 per sqft)Sold, January 2026: AED 840,000 (AED 848 per sqft)

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

Rents
Unit 720, 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 70,000New contract, August 2014: AED 85,000 a yearNew contract, November 2015: AED 85,000 a yearRenewal, November 2016: AED 85,000 a yearNew contract, January 2019: AED 60,000 a yearNew contract, November 2021: AED 45,000 a yearNew contract, May 2023: AED 55,000 a yearNew contract, May 2024: AED 60,000 a yearNew contract, September 2025: AED 77,500 a yearNew contract, May 2026: AED 84,000 a year

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 720 sits

All 72 2-beds →

720 last sold in January 2026 at AED 848 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 833). 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. 720's AED 84,000 is in the upper half of that range.

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

720, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 841,050, last on 16 January 2026 for AED 840,000 (AED 848 per sqft).
  • Rented since August 2014 on 9 Ejari contracts. The rent fell from AED 85,000 to AED 45,000 in 2021 and recovered to AED 84,000 by May 2026.
  • At AED 84,000 a year the gross yield on the 2026 price is 10.0%, before a service charge of about AED 15,900 a year (AED 16.09 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 1 May 2026.

Questions about 720, Palace Towers Residential Block

What did unit 720 last sell for?

AED 840,000 on 16 January 2026: AED 848 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 841,050 in July 2009.

What is the rent for unit 720?

AED 84,000 a year on the contract signed on 1 May 2026. The previous contract, from September 2025, was AED 77,500; the unit has been rented since August 2014.

How big is unit 720?

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

What is unit 720 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 720, Palace Towers Residential Block

Starts from the last sale price (AED 840K, 16 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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