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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 7th floor · completed 2009

723, Palace Towers Residential Block

Sold prices and rental history: sold 6 times, last in March 2026, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 723 · DLD and Ejari recordsUpdated 26 March 2026
Last soldAED 440K26 March 2026
Current rentAED 35K /yr5 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 723, Palace Towers Residential Block

What is 723 worth today?

Last sold for AED 440,000 in 2026

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26 Mar 2026SoldReady
AED 440,000AED 935 per sqft
5 Dec 2025RentedRenewal
AED 35,000/yr12 months · AED 74 per sqft
5 Dec 2025RentedRenewal
AED 40,000/yr12 months · AED 86 per sqft
5 Dec 2024RentedNew contract
AED 38,000/yr12 months · AED 80 per sqft
12 Nov 2024SoldReady
AED 385,000AED 818 per sqft
1 Apr 2024RentedNew contract
AED 38,000/yr12 months · AED 80 per sqft
20 Mar 2023RentedNew contract
AED 33,000/yr12 months · AED 70 per sqft
26 Dec 2022SoldReady
AED 280,000AED 595 per sqft

Source: Dubai Land Department. Updated 26 March 2026.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
7th of 22
Parking
B2-55
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 440K · March 2026
Building
Palace Towers Residential Block

About 723, Palace Towers Residential Block

723 is a studio of 470 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 26 March 2026 for AED 440,000, or AED 935 per sqft, 3% below the AED 966 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 5 December 2025, is AED 35,000 a year: a gross yield of 8.0% on the 2026 price, before the service charge of about AED 7,600 a year.

Sales and rents for 723 over time

Sales
Unit 723, 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 393,000 (AED 835 per sqft)Sold, May 2010: AED 393,000 (AED 835 per sqft)Sold, February 2014: AED 440,000 (AED 935 per sqft)Sold, December 2022: AED 280,000 (AED 595 per sqft)Sold, November 2024: AED 385,000 (AED 818 per sqft)Sold, March 2026: AED 440,000 (AED 935 per sqft)

723 has sold 6 times; the dashed line is the studio median of each year in the building.

Rents
Unit 723, each contractTypical studio in Palace Towers Residential Block
20K30K40K2012201620202024Typical 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, February 2019: AED 30,000 a yearNew contract, March 2020: AED 26,000 a yearNew contract, March 2023: AED 33,000 a yearNew contract, April 2024: AED 38,000 a yearNew contract, December 2024: AED 38,000 a yearRenewal, December 2025: AED 35,000 a yearRenewal, December 2025: AED 40,000 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 723 sits

All 280 studios →

723 last sold in March 2026 at AED 935 per sqft, 3% below what studios in Palace Towers Residential Block were fetching at the time (AED 966). 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. 723's AED 35,000 is in the lower 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
9.3%
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

723, Palace Towers Residential Block in numbers

  • Sold 6 times: first on 23 July 2009 for AED 393,000, last on 26 March 2026 for AED 440,000 (AED 935 per sqft).
  • Rented since February 2019 on 7 Ejari contracts. The rent fell from AED 30,000 to AED 26,000 in 2020 and recovered to AED 35,000 by December 2025.
  • At AED 35,000 a year the gross yield on the 2026 price is 8.0%, before a service charge of about AED 7,600 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 26 March 2026.

Questions about 723, Palace Towers Residential Block

What did unit 723 last sell for?

AED 440,000 on 26 March 2026: AED 935 per sqft for 470 sqft. The unit has 6 registered sales; the first was AED 393,000 in July 2009.

What is the rent for unit 723?

AED 35,000 a year on the contract renewed on 5 December 2025. The previous contract, from December 2025, was AED 40,000; the unit has been rented since February 2019.

How big is unit 723?

470 sqft (43.7 sqm): a studio on the 7th floor of a 22-storey tower completed in 2009.

What is unit 723 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 723, Palace Towers Residential Block

Starts from the last sale price (AED 440K, 26 March 2026). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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