2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 8th floor · completed 2009

817, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in September 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 817 · DLD and Ejari recordsUpdated 26 September 2019

Last soldAED 535K26 September 2019

Current rentAED 70K /yr2 December 2017

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 817, Palace Towers Residential Block

Today

What is 817 worth today?

Last sold for AED 535,000 in 2019

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26 Sep 2019

26 Sep 2019SoldReady

AED 535,000AED 540 per sqft

2 Dec 2017

2 Dec 2017RentedRenewal

AED 70,000/yr12 months · AED 71 per sqft

2 Dec 2016

2 Dec 2016RentedRenewal

AED 70,000/yr12 months · AED 71 per sqft

2 Dec 2015

2 Dec 2015RentedNew contract

AED 70,000/yr12 months · AED 71 per sqft

23 Oct 2014

23 Oct 2014RentedNew contract

AED 75,000/yr12 months · AED 76 per sqft

9 Nov 2010

9 Nov 2010SoldReady

AED 843,150AED 851 per sqft

26 Aug 2009

26 Aug 2009Sold by developerOff-plan

AED 843,150AED 851 per sqft

Source: Dubai Land Department. Updated 26 September 2019.

Key facts

Type: 2-bed apartment
Size: 990 sqft
Floor: 8th of 22
Parking: B1-245
Developer: Tameer Holding Investment
Completed: 2009
Service charge: AED 15,900 /yr
Last sold: AED 535K · September 2019
Building: Palace Towers Residential Block

About 817, Palace Towers Residential Block

817 is a two-bedroom apartment of 990 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 26 September 2019 for AED 535,000, or AED 540 per sqft, 5% below the AED 568 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 2 December 2017, is AED 70,000 a year: a gross yield of 13.1% on the 2019 price, before the service charge of about AED 15,900 a year.

Sales and rents for 817 over time

Sales

Unit 817, each saleTypical two-bed in Palace Towers Residential Block

817 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents

Unit 817, each contractTypical two-bed in Palace Towers Residential Block

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Palace Towers Residential Block, and where 817 sits

All 72 2-beds →

2-beds in Palace Towers Residential Block · last 12 months848 /sqft Palace Towers Residential Block · all types906 /sqft

817 last sold in September 2019 at AED 540 per sqft, 5% below what two-beds in Palace Towers Residential Block were fetching at the time (AED 568). Over the last 12 months two-beds sold for AED 825,000 to 880,000, around AED 848 per sqft, and rent for AED 35,000 to 85,000 a year. 817's AED 70,000 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
11 Sep 202611 September 2026	990 sqft	840,000	848
21 Aug 202621 August 2026	990 sqft	860,000	868
5 May 20265 May 2026	990 sqft	880,000	888
6 Apr 20266 April 2026	990 sqft	840,000	848

7 2-bed 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


801	1-bed	826 sqft	AED 620KAED 620,000 · Apr 2025April 2025	57,000 /yr
802	Studio	470 sqft	AED 350KAED 350,000 · Mar 2024March 2024	45,000 /yr
803	Studio	459 sqft	AED 345KAED 345,000 · May 2011May 2011	46,800 /yr
804	Studio	431 sqft	AED 317KAED 316,875 · May 2013May 2013	34,650 /yr
805	2-bed	990 sqft	AED 720KAED 720,000 · Jul 2013July 2013	73,000 /yr
806	Studio	344 sqft	AED 370KAED 370,000 · Jul 2015July 2015	29,040 /yr
807	Studio	344 sqft	AED 304KAED 304,000 · Jul 2010July 2010	38,000 /yr
808	2-bed	990 sqft	AED 880KAED 880,000 · May 2026May 2026	75,000 /yr
809	Studio	431 sqft	AED 354KAED 354,000 · Jul 2010July 2010	34,903 /yr
810	1-bed	794 sqft	AED 596KAED 595,500 · Oct 2013October 2013	56,000 /yr
811	Studio	482 sqft	AED 396KAED 395,920 · Jun 2010June 2010	20,000 /yr
812	Studio	510 sqft	AED 200KAED 200,000 · Feb 2012February 2012	40,000 /yr
813	Studio	510 sqft	AED 200KAED 200,000 · Feb 2012February 2012	38,000 /yr
814	Studio	482 sqft	AED 396KAED 395,920 · Jun 2010June 2010	31,531 /yr
815	1-bed	794 sqft	AED 724KAED 724,000 · Jun 2015June 2015	52,000 /yr
816	Studio	431 sqft	AED 285KAED 285,000 · Mar 2012March 2012	38,000 /yr
818	Studio	344 sqft	AED 298KAED 297,920 · Feb 2011February 2011	42,000 /yr
819	Studio	344 sqft	AED 400KAED 400,000 · Feb 2025February 2025	39,000 /yr
820	2-bed	990 sqft	AED 875KAED 875,000 · Jan 2026January 2026	75,000 /yr
821	Studio	431 sqft	AED 440KAED 440,000 · Feb 2026February 2026	46,000 /yr
822	Studio	459 sqft	AED 375KAED 375,000 · Dec 2011December 2011	20,000 /yr
823	Studio	470 sqft	AED 165KAED 165,000 · Apr 2011April 2011	42,000 /yr
824	1-bed	826 sqft	AED 480KAED 480,000 · Jun 2021June 2021	55,000 /yr

1–7 of 23

817, Palace Towers Residential Block in numbers

Sold 3 times: first on 26 August 2009 for AED 843,150, last on 26 September 2019 for AED 535,000 (AED 540 per sqft).
Rented since October 2014 on 4 Ejari contracts, from AED 75,000 to AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2019 price is 13.1%, before a service charge of about AED 15,900 a year (AED 16.09 per sqft).
Two-beds in Palace Towers Residential Block sold for AED 825,000–880,000 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 September 2019.

Questions about 817, Palace Towers Residential Block

What did unit 817 last sell for?

AED 535,000 on 26 September 2019: AED 540 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 843,150 in August 2009.

What is the rent for unit 817?

AED 70,000 a year on the contract renewed on 2 December 2017. The previous contract, from December 2016, was AED 70,000; the unit has been rented since October 2014.

How big is unit 817?

990 sqft (92.0 sqm): a two-bedroom apartment on the 8th floor of a 22-storey tower completed in 2009.

What is unit 817 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Towers Residential Block sold for AED 825,000 to 880,000 in the last 12 months, around AED 848 per sqft.

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Mortgage on 817, Palace Towers Residential Block

Starts from the last sale price (AED 535K, 26 September 2019). Switch to today's estimate once you have unlocked it.

Price: AED 535,000
Deposit, UAE resident (20%): AED 107,000
Deposit, non-resident (40%): AED 214,000
Monthly over 25 years at 3.7%: AED 2,189

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