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Studio · 470 sqftPalace Towers Residential Block, Dubai Silicon Oasis · 9th floor · completed 2009

923, Palace Towers Residential Block

Sold prices and rental history: sold 3 times, last in October 2011, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 923 · DLD and Ejari recordsUpdated 5 August 2026
Last soldAED 250K31 October 2011
Current rentAED 40K /yr5 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 923, Palace Towers Residential Block

What is 923 worth today?

Last sold for AED 250,000 in 2011

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5 Aug 2026RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
18 Feb 2026RentedRenewal
AED 35,000/yr12 months · AED 74 per sqft
18 Feb 2025RentedRenewal
AED 32,000/yr12 months · AED 68 per sqft
18 Feb 2024RentedRenewal
AED 31,000/yr12 months · AED 65 per sqft
18 Feb 2023RentedRenewal
AED 28,000/yr12 months · AED 59 per sqft
18 Feb 2022RentedRenewal
AED 25,000/yr12 months · AED 53 per sqft
18 Feb 2021RentedNew contract
AED 22,000/yr12 months · AED 46 per sqft
1 Nov 2019RentedNew contract
AED 27,500/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 5 August 2026.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
9th of 22
Parking
B2-222
Developer
Tameer Holding Investment
Completed
2009
Service charge
AED 7,600 /yr
Last sold
AED 250K · October 2011
Building
Palace Towers Residential Block

About 923, Palace Towers Residential Block

923 is a studio of 470 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 31 October 2011 for AED 250,000, or AED 531 per sqft, 36% below the AED 825 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 5 August 2026, is AED 40,000 a year: a gross yield of 16.0% on the 2011 price, before the service charge of about AED 7,600 a year.

Sales and rents for 923 over time

Sales
Unit 923, 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 393,030 (AED 835 per sqft)Sold, February 2010: AED 393,030 (AED 835 per sqft)Sold, October 2011: AED 250,000 (AED 531 per sqft)

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

Rents
Unit 923, 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, October 2018: AED 34,000 a yearNew contract, November 2019: AED 27,500 a yearNew contract, February 2021: AED 22,000 a yearRenewal, February 2022: AED 25,000 a yearRenewal, February 2023: AED 28,000 a yearRenewal, February 2024: AED 31,000 a yearRenewal, February 2025: AED 32,000 a yearRenewal, February 2026: AED 35,000 a yearNew contract, August 2026: AED 40,000 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 923 sits

All 280 studios →

923 last sold in October 2011 at AED 531 per sqft, 36% below what studios in Palace Towers Residential Block were fetching at the time (AED 825). 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. 923's AED 40,000 is in the upper 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 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
9052-bedAED 450K · Nov 2021
906StudioAED 300K · Aug 2023
907StudioAED 415K · Jan 2015
1–7 of 23

923, Palace Towers Residential Block in numbers

  • Sold 3 times: first on 26 July 2009 for AED 393,030, last on 31 October 2011 for AED 250,000 (AED 531 per sqft).
  • Rented since October 2018 on 9 Ejari contracts. The rent fell from AED 34,000 to AED 22,000 in 2021 and recovered to AED 40,000 by August 2026.
  • At AED 40,000 a year the gross yield on the 2011 price is 16.0%, before a service charge of about AED 7,600 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 5 August 2026.

Questions about 923, Palace Towers Residential Block

What did unit 923 last sell for?

AED 250,000 on 31 October 2011: AED 531 per sqft for 470 sqft. The unit has 3 registered sales; the first was AED 393,030 in July 2009.

What is the rent for unit 923?

AED 40,000 a year on the contract signed on 5 August 2026. The previous contract, from February 2026, was AED 35,000; the unit has been rented since October 2018.

How big is unit 923?

470 sqft (43.7 sqm): a studio on the 9th floor of a 22-storey tower completed in 2009.

What is unit 923 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 923, Palace Towers Residential Block

Starts from the last sale price (AED 250K, 31 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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