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

721, Palace Towers Residential Block

Sold prices and rental history: sold once, by the developer in July 2011, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 721 · DLD and Ejari recordsUpdated 6 May 2025

Last soldAED 255K20 July 2011

Current rentAED 38K /yr6 May 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 721, Palace Towers Residential Block

Today

What is 721 worth today?

Last sold for AED 255,000 in 2011

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6 May 2025

6 May 2025RentedRenewal

AED 38,000/yr12 months · AED 88 per sqft

6 May 2023

6 May 2023RentedNew contract

AED 32,000/yr12 months · AED 74 per sqft

15 Dec 2021

15 Dec 2021RentedNew contract

AED 23,000/yr12 months · AED 53 per sqft

20 Jul 2019

20 Jul 2019RentedNew contract

AED 28,000/yr12 months · AED 65 per sqft

20 Jul 2011

20 Jul 2011Sold by developerReady

AED 255,000AED 591 per sqft

Source: Dubai Land Department. Updated 6 May 2025.

Key facts

Type: Studio apartment
Size: 431 sqft
Floor: 7th of 22
Parking: B2-184
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 6,900 /yr
Last sold: AED 255K · July 2011
Building: Palace Towers Residential Block

About 721, Palace Towers Residential Block

721 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. The developer sold it on 20 July 2011 for AED 255,000, or AED 591 per sqft, 28% below the AED 821 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 6 May 2025, is AED 38,000 a year: a gross yield of 14.9% on the 2011 price, before the service charge of about AED 6,900 a year.

Sales and rents for 721 over time

Sales

Unit 721, each saleTypical studio in Palace Towers Residential Block

721 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 721, each contractTypical studio in Palace Towers Residential Block

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 721 sits

All 280 studios →

Studios in Palace Towers Residential Block · last 12 months962 /sqft Palace Towers Residential Block · all types906 /sqft

721 last sold in July 2011 at AED 591 per sqft, 28% below what studios in Palace Towers Residential Block were fetching at the time (AED 821). 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. 721's AED 38,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
5 Oct 20265 October 2026	344 sqft	395,000	1,149
1 Oct 20261 October 2026	470 sqft	435,000	924
20 Aug 202620 August 2026	344 sqft	390,000	1,134
21 Jul 202621 July 2026	459 sqft	445,000	969

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


701	1-bed	826 sqft	AED 360KAED 360,000 · Mar 2012March 2012	46,000 /yr
702	Studio	470 sqft	AED 381KAED 381,150 · Oct 2013October 2013	48,000 /yr
703	Studio	459 sqft	AED 380KAED 380,000 · Aug 2013August 2013	40,500 /yr
704	Studio	431 sqft	AED 270KAED 270,000 · Apr 2019April 2019	36,000 /yr
705	2-bed	990 sqft	AED 450KAED 450,000 · Apr 2013April 2013	80,000 /yr
706	Studio	344 sqft	AED 151KAED 151,000 · Jul 2012July 2012	35,000 /yr
707	Studio	344 sqft	AED 220KAED 220,000 · Sep 2022September 2022	34,000 /yr
708	2-bed	990 sqft	AED 841KAED 841,050 · Jul 2010July 2010	66,000 /yr
709	Studio	431 sqft	AED 352KAED 352,000 · Nov 2010November 2010	31,000 /yr
710	1-bed	794 sqft	AED 742KAED 741,983 · Jul 2009July 2009
711	Studio	482 sqft	AED 298KAED 298,000 · Jul 2011July 2011	44,000 /yr
712	Studio	510 sqft	AED 250KAED 250,000 · Feb 2021February 2021	46,000 /yr
713	Studio	510 sqft	AED 240KAED 240,000 · Oct 2011October 2011	43,000 /yr
714	Studio	482 sqft	AED 450KAED 450,000 · Sep 2025September 2025	40,000 /yr
715	1-bed	794 sqft	AED 707KAED 706,650 · Dec 2015December 2015	42,400 /yr
716	Studio	431 sqft	AED 420KAED 420,000 · Oct 2016October 2016	42,692 /yr
717	2-bed	990 sqft	AED 300KAED 300,000 · Feb 2013February 2013
718	Studio	344 sqft	AED 309KAED 308,500 · Feb 2024February 2024	25,000 /yr
719	Studio	344 sqft	AED 440KAED 440,000 · Oct 2025October 2025	34,000 /yr
720	2-bed	990 sqft	AED 840KAED 840,000 · Jan 2026January 2026	84,000 /yr
722	Studio	459 sqft	AED 286KAED 286,000 · May 2022May 2022	65,811 /yr
723	Studio	470 sqft	AED 440KAED 440,000 · Mar 2026March 2026	40,000 /yr
724	1-bed	826 sqft	AED 704KAED 703,500 · Aug 2024August 2024	52,000 /yr

1–7 of 23

721, Palace Towers Residential Block in numbers

Sold once: by Tameer Holding Investment on 20 July 2011 for AED 255,000, or AED 591 per sqft.
Rented since July 2019 on 4 Ejari contracts. The rent fell from AED 28,000 to AED 23,000 in 2021 and recovered to AED 38,000 by May 2025.
At AED 38,000 a year the gross yield on the 2011 price is 14.9%, 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 6 May 2025.

Questions about 721, Palace Towers Residential Block

What did unit 721 last sell for?

AED 255,000 on 20 July 2011, sold by the developer: AED 591 per sqft for 431 sqft. It is the only registered sale of the unit.

What is the rent for unit 721?

AED 38,000 a year on the contract renewed on 6 May 2025. The previous contract, from May 2023, was AED 32,000; the unit has been rented since July 2019.

How big is unit 721?

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

What is unit 721 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 721, Palace Towers Residential Block

Starts from the last sale price (AED 255K, 20 July 2011). Switch to today's estimate once you have unlocked it.

Price: AED 255,000
Deposit, UAE resident (20%): AED 51,000
Deposit, non-resident (40%): AED 102,000
Monthly over 25 years at 3.7%: AED 1,043

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