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Studio · 482 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 8th floor · completed 2009

811, Palace Towers Residential Block

Sold prices and rental history: sold twice, last in June 2010, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 811 · DLD and Ejari recordsUpdated 15 March 2021
Last soldAED 396K6 June 2010
Current rentAED 20K /yr15 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 811, Palace Towers Residential Block

What is 811 worth today?

Last sold for AED 395,920 in 2010

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15 Mar 2021RentedNew contract
AED 20,000/yr12 months · AED 41 per sqft
1 Apr 2020RentedRenewal
AED 30,000/yr6 months · AED 62 per sqft
1 Apr 2019RentedNew contract
AED 30,000/yr12 months · AED 62 per sqft
6 Jun 2010SoldReady
AED 395,920AED 821 per sqft
23 Jul 2009Sold by developerOff-plan
AED 395,920AED 821 per sqft

Source: Dubai Land Department. Updated 15 March 2021.

Key facts

Type
Studio apartment
Size
482 sqft
Floor
8th of 22
Parking
B1-8
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,800 /yr
Last sold
AED 396K · June 2010
Building
Palace Towers Residential Block

About 811, Palace Towers Residential Block

811 is a studio of 482 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 6 June 2010 for AED 395,920, or AED 821 per sqft, in line with the AED 844 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 March 2021, is AED 20,000 a year: a gross yield of 5.1% on the 2010 price, before the service charge of about AED 7,800 a year.

Sales and rents for 811 over time

Sales
Unit 811, 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 395,920 (AED 821 per sqft)Sold, June 2010: AED 395,920 (AED 821 per sqft)

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

Rents
Unit 811, 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, April 2019: AED 30,000 a yearRenewal, April 2020: AED 30,000 a yearNew contract, March 2021: AED 20,000 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 811 sits

All 280 studios →

811 last sold in June 2010 at AED 821 per sqft, in line with what studios in Palace Towers Residential Block were fetching at the time (AED 844). 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. 811's AED 20,000 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
9.2%
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

811, Palace Towers Residential Block in numbers

  • Sold twice: first on 23 July 2009 for AED 395,920, last on 6 June 2010 for AED 395,920 (AED 821 per sqft).
  • Rented since April 2019 on 3 Ejari contracts, from AED 30,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2010 price is 5.1%, before a service charge of about AED 7,800 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 15 March 2021.

Questions about 811, Palace Towers Residential Block

What did unit 811 last sell for?

AED 395,920 on 6 June 2010: AED 821 per sqft for 482 sqft. The unit has 2 registered sales; the first was AED 395,920 in July 2009.

What is the rent for unit 811?

AED 20,000 a year on the contract signed on 15 March 2021. The previous contract, from April 2020, was AED 30,000; the unit has been rented since April 2019.

How big is unit 811?

482 sqft (44.8 sqm): a studio on the 8th floor of a 22-storey tower completed in 2009.

What is unit 811 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 811, Palace Towers Residential Block

Starts from the last sale price (AED 396K, 6 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 395,920
Deposit, UAE resident (20%)
AED 79,184
Deposit, non-resident (40%)
AED 158,368
Monthly over 25 years at 3.7%
AED 1,620

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