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2-bed · 990 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 9th floor · completed 2009

905, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in November 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 905 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 450K24 November 2021
Current rentAED 63K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 905, Palace Towers Residential Block

What is 905 worth today?

Last sold for AED 450,000 in 2021

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1 Mar 2024RentedNew contract
AED 63,000/yr12 months · AED 64 per sqft
24 Nov 2021SoldReady
AED 450,000AED 454 per sqft
15 Dec 2018RentedRenewal
AED 39,000/yr36 months · AED 39 per sqft
15 Dec 2017RentedNew contract
AED 70,000/yr12 months · AED 71 per sqft
1 Mar 2016RentedNew contract
AED 78,500/yr12 months · AED 79 per sqft
27 Jul 2010SoldReady
AED 863,257AED 872 per sqft
26 Jul 2009Sold by developerOff-plan
AED 863,258AED 872 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
9th of 22
Parking
B2-2
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 15,900 /yr
Last sold
AED 450K · November 2021
Building
Palace Towers Residential Block

About 905, Palace Towers Residential Block

905 is a two-bedroom apartment of 990 sqft on the 9th 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 24 November 2021 for AED 450,000, or AED 454 per sqft, in line with the AED 458 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 1 March 2024, is AED 63,000 a year: a gross yield of 14.0% on the 2021 price, before the service charge of about AED 15,900 a year.

Sales and rents for 905 over time

Sales
Unit 905, each saleTypical two-bed in Palace Towers Residential Block
400K600K800K2009201420192024Typical sale price by year: 2009 AED 838,950; 2010 AED 815,000; 2011 AED 805,000; 2012 AED 500,000; 2013 AED 720,000; 2014 AED 850,000; 2015 AED 855,000; 2018 AED 650,000; 2019 AED 580,000; 2021 AED 454,000; 2022 AED 485,000; 2023 AED 570,000; 2024 AED 670,000; 2025 AED 820,000; 2026 AED 850,000Sold by developer, July 2009: AED 863,258 (AED 872 per sqft)Sold, July 2010: AED 863,257 (AED 872 per sqft)Sold, November 2021: AED 450,000 (AED 454 per sqft)

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

Rents
Unit 905, each contractTypical two-bed in Palace Towers Residential Block
40K60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 58,524; 2014 AED 73,500; 2015 AED 81,000; 2016 AED 79,558; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 50,000; 2021 AED 42,000; 2022 AED 49,450; 2023 AED 55,000; 2024 AED 63,000; 2025 AED 65,464; 2026 AED 70,000New contract, March 2016: AED 78,500 a yearNew contract, December 2017: AED 70,000 a yearRenewal, December 2018: AED 39,000 a yearNew contract, March 2024: AED 63,000 a year

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 905 sits

All 72 2-beds →

905 last sold in November 2021 at AED 454 per sqft, in line with what two-beds in Palace Towers Residential Block were fetching at the time (AED 458). 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. 905's AED 63,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2026840,000
21 Aug 2026860,000
5 May 2026880,000
6 Apr 2026840,000
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
9.3%
Palace Towers Residential Block, Dubai Silicon Oasis: prices, sales and rents →

Other units on the 9th floor

All 424 units in Palace Towers Residential Block
Value
9011-bedAED 636K · Jun 2010
902StudioAED 375K · Jul 2017
903StudioAED 330K · Oct 2024
904StudioAED 320K · Sep 2023
906StudioAED 300K · Aug 2023
907StudioAED 415K · Jan 2015
9082-bedAED 453K · May 2021
1–7 of 23

905, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 26 July 2009 for AED 863,258, last on 24 November 2021 for AED 450,000 (AED 454 per sqft).
  • Rented since March 2016 on 4 Ejari contracts. The rent fell from AED 78,500 to AED 39,000 in 2018 and recovered to AED 63,000 by March 2024.
  • At AED 63,000 a year the gross yield on the 2021 price is 14.0%, 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 1 March 2024.

Questions about 905, Palace Towers Residential Block

What did unit 905 last sell for?

AED 450,000 on 24 November 2021: AED 454 per sqft for 990 sqft. The unit has 3 registered sales; the first was AED 863,258 in July 2009.

What is the rent for unit 905?

AED 63,000 a year on the contract signed on 1 March 2024. The previous contract, from December 2018, was AED 39,000; the unit has been rented since March 2016.

How big is unit 905?

990 sqft (92.0 sqm): a two-bedroom apartment on the 9th floor of a 22-storey tower completed in 2009.

What is unit 905 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 905, Palace Towers Residential Block

Starts from the last sale price (AED 450K, 24 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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