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Studio · 431 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 8th floor · completed 2009

809, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in July 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 809 · DLD and Ejari recordsUpdated 10 September 2026
Last soldAED 354K7 July 2010
Current rentAED 35K /yr10 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 809, Palace Towers Residential Block

What is 809 worth today?

Last sold for AED 354,000 in 2010

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10 Sep 2026RentedNew contract
AED 34,903/yr12 months · AED 81 per sqft
1 Nov 2024RentedNew contract
AED 31,000/yr12 months · AED 72 per sqft
1 Nov 2022RentedRenewal
AED 25,000/yr12 months · AED 58 per sqft
1 Nov 2021RentedNew contract
AED 23,000/yr12 months · AED 53 per sqft
15 Aug 2016RentedNew contract
AED 44,000/yr12 months · AED 102 per sqft
6 Dec 2014RentedNew contract
AED 45,000/yr12 months · AED 105 per sqft
7 Jul 2010SoldReady
AED 354,000AED 820 per sqft
23 Jul 2009Sold by developerOff-plan
AED 354,000AED 820 per sqft

Source: Dubai Land Department. Updated 10 September 2026.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
8th of 22
Parking
B1-144
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 354K · July 2010
Building
Palace Towers Residential Block

About 809, Palace Towers Residential Block

809 is a studio of 431 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 7 July 2010 for AED 354,000, or AED 820 per sqft, in line with the AED 841 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 10 September 2026, is AED 34,903 a year: a gross yield of 9.9% on the 2010 price, before the service charge of about AED 6,900 a year.

Sales and rents for 809 over time

Sales
Unit 809, 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 354,000 (AED 820 per sqft)Sold, July 2010: AED 354,000 (AED 820 per sqft)

809 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 809, 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, December 2014: AED 45,000 a yearNew contract, August 2016: AED 44,000 a yearNew contract, November 2021: AED 23,000 a yearRenewal, November 2022: AED 25,000 a yearNew contract, November 2024: AED 31,000 a yearNew contract, September 2026: AED 34,903 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 809 sits

All 280 studios →

809 last sold in July 2010 at AED 820 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 841). 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. 809's AED 34,903 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
9.2%
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
802StudioAED 350K · Mar 2024
803StudioAED 345K · May 2011
804StudioAED 317K · May 2013
8052-bedAED 720K · Jul 2013
806StudioAED 370K · Jul 2015
807StudioAED 304K · Jul 2010
1–7 of 23

809, Palace Towers Residential Block in numbers

  • Sold twice: first on 23 July 2009 for AED 354,000, last on 7 July 2010 for AED 354,000 (AED 820 per sqft).
  • Rented since December 2014 on 6 Ejari contracts. The rent fell from AED 45,000 to AED 23,000 in 2021 and recovered to AED 34,903 by September 2026.
  • At AED 34,903 a year the gross yield on the 2010 price is 9.9%, 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 10 September 2026.

Questions about 809, Palace Towers Residential Block

What did unit 809 last sell for?

AED 354,000 on 7 July 2010: AED 820 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 354,000 in July 2009.

What is the rent for unit 809?

AED 34,903 a year on the contract signed on 10 September 2026. The previous contract, from November 2024, was AED 31,000; the unit has been rented since December 2014.

How big is unit 809?

431 sqft (40.0 sqm): a studio on the 8th floor of a 22-storey tower completed in 2009.

What is unit 809 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 809, Palace Towers Residential Block

Starts from the last sale price (AED 354K, 7 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 354,000
Deposit, UAE resident (20%)
AED 70,800
Deposit, non-resident (40%)
AED 141,600
Monthly over 25 years at 3.7%
AED 1,448

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