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

816, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in March 2012, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 816 · DLD and Ejari recordsUpdated 13 November 2025
Last soldAED 354K27 March 2012
Current rentAED 38K /yr13 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 816, Palace Towers Residential Block

What is 816 worth today?

Last sold for AED 354,000 in 2012

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13 Nov 2025RentedNew contract
AED 38,000/yr12 months · AED 88 per sqft
2 Nov 2023RentedRenewal
AED 26,450/yr12 months · AED 61 per sqft
2 Nov 2022RentedRenewal
AED 23,000/yr12 months · AED 53 per sqft
2 Nov 2021RentedNew contract
AED 20,000/yr12 months · AED 46 per sqft
2 Nov 2020RentedNew contract
AED 20,000/yr12 months · AED 46 per sqft
27 Mar 2012SoldReady
AED 354,000AED 820 per sqft
27 Mar 2012SoldReady
AED 285,000AED 660 per sqft
23 Jul 2009Sold by developerOff-plan
AED 354,000AED 820 per sqft

Source: Dubai Land Department. Updated 13 November 2025.

Key facts

Type
Studio apartment
Size
431 sqft
Floor
8th of 22
Parking
L2-49
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 6,900 /yr
Last sold
AED 354K · March 2012
Building
Palace Towers Residential Block

About 816, Palace Towers Residential Block

816 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 27 March 2012 for AED 354,000, or AED 820 per sqft, 23% above the AED 669 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 13 November 2025, is AED 38,000 a year: a gross yield of 10.7% on the 2012 price, before the service charge of about AED 6,900 a year.

Sales and rents for 816 over time

Sales
Unit 816, 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, March 2012: AED 354,000 (AED 820 per sqft)Sold, March 2012: AED 285,000 (AED 660 per sqft)

816 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 816, 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, November 2020: AED 20,000 a yearNew contract, November 2021: AED 20,000 a yearRenewal, November 2022: AED 23,000 a yearRenewal, November 2023: AED 26,450 a yearNew contract, November 2025: AED 38,000 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 816 sits

All 280 studios →

816 last sold in March 2012 at AED 820 per sqft, 23% above what studios in Palace Towers Residential Block were fetching at the time (AED 669). 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. 816's AED 38,000 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

816, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 23 July 2009 for AED 354,000, last on 27 March 2012 for AED 354,000 (AED 820 per sqft).
  • Rented since November 2020 on 5 Ejari contracts, from AED 20,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2012 price is 10.7%, 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 13 November 2025.

Questions about 816, Palace Towers Residential Block

What did unit 816 last sell for?

AED 354,000 on 27 March 2012: AED 820 per sqft for 431 sqft. The unit has 3 registered sales; the first was AED 354,000 in July 2009.

What is the rent for unit 816?

AED 38,000 a year on the contract signed on 13 November 2025. The previous contract, from November 2023, was AED 26,450; the unit has been rented since November 2020.

How big is unit 816?

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

What is unit 816 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 816, Palace Towers Residential Block

Starts from the last sale price (AED 354K, 27 March 2012). 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 →