Palace Tower property prices & sales
Palace Tower at a glance written from registered records
Palace Tower recorded 49 registered sales in the last 12 months, worth AED 36.85M in total. The median price was AED 887 per sq ft, up 11.2% on the previous 12 months, and the median sale price was AED 555k. 0.0% of these sales were off-plan and 100.0% were ready properties. Across 362 rental contracts registered in the same period, the median annual rent was AED 47,500, an indicative gross yield of 8.6%.
Median price per sq ft by year registered sales
| Year | Sales | Median AED/sq ft | Median price |
|---|---|---|---|
| 2026 | 31 | 884 | AED 470,000 |
| 2025 | 62 | 833 | AED 572,500 |
| 2024 | 67 | 788 | AED 410,000 |
| 2023 | 69 | 638 | AED 331,500 |
| 2022 | 41 | 550 | AED 286,000 |
| 2021 | 35 | 464 | AED 385,000 |
| 2020 | 15 | 501 | AED 250,000 |
| 2019 | 24 | 567 | AED 424,500 |
| 2018 | 25 | 607 | AED 590,000 |
| 2017 | 36 | 904 | AED 440,000 |
| 2016 | 35 | 883 | AED 450,000 |
Prices by bedroom last 24 months · entry = lower quarter, premium = upper quarter
| Type | Sales | Entry | Typical | Premium | AED/sq ft | Typical size |
|---|---|---|---|---|---|---|
| Studio | 57 | AED 380,000 | AED 415,000 | AED 435,000 | 935 | 431 sq ft |
| Office | 27 | AED 1.07M | AED 1.30M | AED 1.62M | 651 | 2,027 sq ft |
| 2 B/R | 14 | AED 797,500 | AED 832,500 | AED 843,750 | 849 | 990 sq ft |
| 1 B/R | 14 | AED 571,250 | AED 597,500 | AED 610,000 | 739 | 794 sq ft |
Who's buying last 12 months
Latest registered sales
| Date | Type | Beds | Building | Sq ft | Price | AED/sq ft |
|---|---|---|---|---|---|---|
| 2026-10-01 | Unit | Studio | Palace Tower T2 | 470 | AED 435,000 | 925 |
| 2026-09-14 | Unit | 2 B/R | Palace Tower T2 | 990 | AED 840,000 | 849 |
| 2026-08-21 | Unit | 2 B/R | Palace Tower T2 | 990 | AED 860,000 | 869 |
| 2026-08-20 | Unit | Studio | Palace Tower T2 | 344 | AED 390,000 | 1,135 |
| 2026-07-22 | Unit | Studio | Palace Tower T2 | 459 | AED 445,000 | 969 |
| 2026-07-20 | Unit | Studio | Palace Tower T2 | 472 | AED 320,000 | 678 |
The full report lists every registered sale, with filters by bedroom and date. Open it free.
Questions about Palace Tower
What is the average price per sq ft in Palace Tower?
Over the last 12 months the median registered sale price in Palace Tower was AED 887 per sq ft (+11.2% year on year).
What is the rental yield in Palace Tower?
Comparing the median annual rent (AED 47,500) with the median sale price (AED 555,000) over the last 12 months gives an indicative gross yield of 8.6%.
How many properties sold in Palace Tower in the last 12 months?
49 sales were registered in the last 12 months, 0.0% of them off-plan.
What is the average rent in Palace Tower?
The median annual rent across 362 contracts registered in the last 12 months was AED 47,500.
Comparables in Silicon Oasis 12m
Palace Tower ranks #43 of 59 by price per sq ft.
| Project | Sales | AED/sq ft |
|---|---|---|
| Timez By Danube | 384 | 1,945 |
| The Hillgate | 216 | 1,635 |
| Altia One | 46 | 1,544 |
| Tria By Deyaar | 90 | 1,323 |
| Belle Vie By Zimaya | 73 | 1,315 |
| Aura Prestige | 70 | 1,285 |
| Aura Elegance | 41 | 1,265 |
| SOLEN RESIDENCE by Jamal Living | 42 | 1,247 |
| Arabian Gate | 57 | 1,125 |
| Selicon Star 2 | 96 | 939 |
| Palace Tower | 49 | 887 |
| Silicon Gate 1 | 76 | 873 |
Project record
| Developer | Tameer Holding Investment (Llc) |
| Status | Finished |
| Completion | 100% |
| Handover | 2009-08-25 |
| Units | 597 |
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Data sourced from the Dubai Open Data portal (data.dubai) under the Dubai Open Data Licence; originating entity: Dubai Land Department. GetYaData is an independent service and is not affiliated with, endorsed by or associated with the Dubai Land Department or the Government of Dubai. Figures are indicative — not a valuation.
