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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 8th floor · completed 2009

802, Palace Towers Residential Block

Sold prices and rental history: sold 6 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 10 April 2026
Last soldAED 350K15 March 2024
Current rentAED 45K /yr10 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 802, Palace Towers Residential Block

What is 802 worth today?

Last sold for AED 350,000 in 2024

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10 Apr 2026RentedRenewal
AED 45,000/yr12 months · AED 96 per sqft
10 Apr 2025RentedNew contract
AED 45,000/yr12 months · AED 96 per sqft
5 Dec 2024RentedNew contract
AED 43,000/yr12 months · AED 91 per sqft
15 Mar 2024SoldReady
AED 350,000AED 744 per sqft
14 Jun 2023SoldReady
AED 270,000AED 574 per sqft
27 Aug 2021RentedNew contract
AED 21,000/yr12 months · AED 44 per sqft
25 Jul 2020RentedNew contract
AED 23,000/yr12 months · AED 49 per sqft
25 Jul 2019RentedNew contract
AED 28,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 10 April 2026.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
8th of 22
Parking
L2-1
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 350K · March 2024
Building
Palace Towers Residential Block

About 802, Palace Towers Residential Block

802 is a studio of 470 sqft on the 8th 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 15 March 2024 for AED 350,000, or AED 744 per sqft, in line with the AED 741 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 10 April 2026, is AED 45,000 a year: a gross yield of 12.9% on the 2024 price, before the service charge of about AED 7,600 a year.

Sales and rents for 802 over time

Sales
Unit 802, 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 383,250 (AED 814 per sqft)Sold, September 2010: AED 383,250 (AED 814 per sqft)Sold, March 2013: AED 300,000 (AED 637 per sqft)Sold, July 2019: AED 265,000 (AED 563 per sqft)Sold, June 2023: AED 270,000 (AED 574 per sqft)Sold, March 2024: AED 350,000 (AED 744 per sqft)

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

Rents
Unit 802, 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, August 2013: AED 35,000 a yearNew contract, August 2014: AED 35,000 a yearNew contract, August 2015: AED 35,000 a yearNew contract, April 2017: AED 41,000 a yearRenewal, April 2018: AED 40,000 a yearNew contract, July 2019: AED 28,000 a yearNew contract, July 2020: AED 23,000 a yearNew contract, August 2021: AED 21,000 a yearNew contract, December 2024: AED 43,000 a yearNew contract, April 2025: AED 45,000 a yearRenewal, April 2026: AED 45,000 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 802 sits

All 280 studios →

802 last sold in March 2024 at AED 744 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 741). 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. 802's AED 45,000 is in the upper 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
9.2%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 8th floor

All 424 units in Palace Towers Residential Block
Value
8011-bedAED 620K · Apr 2025
803StudioAED 345K · May 2011
804StudioAED 317K · May 2013
8052-bedAED 720K · Jul 2013
806StudioAED 370K · Jul 2015
807StudioAED 304K · Jul 2010
8082-bedAED 880K · May 2026
1–7 of 23

802, Palace Towers Residential Block in numbers

  • Sold 6 times: first on 23 July 2009 for AED 383,250, last on 15 March 2024 for AED 350,000 (AED 744 per sqft).
  • Rented since August 2013 on 11 Ejari contracts. The rent fell from AED 35,000 to AED 21,000 in 2021 and recovered to AED 45,000 by April 2026.
  • At AED 45,000 a year the gross yield on the 2024 price is 12.9%, 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 10 April 2026.

Questions about 802, Palace Towers Residential Block

What did unit 802 last sell for?

AED 350,000 on 15 March 2024: AED 744 per sqft for 470 sqft. The unit has 6 registered sales; the first was AED 383,250 in July 2009.

What is the rent for unit 802?

AED 45,000 a year on the contract renewed on 10 April 2026. The previous contract, from April 2025, was AED 45,000; the unit has been rented since August 2013.

How big is unit 802?

470 sqft (43.7 sqm): a studio on the 8th floor of a 22-storey tower completed in 2009.

What is unit 802 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 802, Palace Towers Residential Block

Starts from the last sale price (AED 350K, 15 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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