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Sold for AED 428,000: Studio Apartment in Palace Tower

Located in Dubai Silicon Oasis, Dubai. Its price per sqft is +12% vs the Palace Tower median (AED 887/sqft).

All Dubai Silicon Oasis salesPalace Tower prices

Sale price

AED 428,000

Per sqft
AED 992
Registered
12 Feb 2026, 10:31 (Dubai)

01 / Price history

This unit's history

Every registration of this studio apartment in Palace Tower: same layout, exact size (431 sqft) and parking bay B1-57. The registry has no unit numbers, so records are matched on these details.

  1. 12 Feb 2026This sale

    431 sqft · AED 992/sqft · Ready

    First recordAED 428,000

  2. 12 Feb 2026Mortgage

    Same day as previous · 431 sqft · AED 672/sqft · Ready

    32%lower than the previous recordAED 290,000

  3. 14 Jul 2026

    Held 5 months · 431 sqft · AED 927/sqft · Ready

    38%higher than the previous recordAED 400,000
Records
3
Registered
Same day
as the mortgage, 12 Feb 2026
Price change
−7%
first to latest market sale

02 / The property

Property details

Size
431 sqft · 40.07 m²
Bedrooms
Studio
Registered as
Sell Development
Property sub-type
Flat
Usage
Residential
Tenure
Non-freehold
Parking
B1-57
Nearest landmark
IMG World Adventures

03 / Comparables

All sales in Palace Tower (2 Jan 2026 – 5 Oct 2026)

30 market sales. Percentages compare each sale with this one.

Filter & sort
Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
5 Oct 2026395K−8% vs selected1,149+16% vs selected
5 Oct 20261.5M+250% vs selected844−15% vs selected
1 Oct 2026435K+2% vs selected925−7% vs selected
11 Sept 2026840K+96% vs selected849−14% vs selected
21 Aug 2026860K+101% vs selected869−12% vs selected
20 Aug 2026390K−9% vs selected1,135+14% vs selected
21 Jul 2026445K+4% vs selected969−2% vs selected
17 Jul 2026320K−25% vs selected678−32% vs selected
14 Jul 2026400K−7% vs selected927−7% vs selected
9 Jul 2026460K+7% vs selected1,067+7% vs selected
3 Jul 2026470K+10% vs selected999+1% vs selected
26 Jun 2026555K+30% vs selected672−32% vs selected
20 May 2026407K−5% vs selected887−11% vs selected
5 May 2026880K+106% vs selected889−10% vs selected
30 Apr 20261.35M+215% vs selected858−14% vs selected
15 Apr 2026470K+10% vs selected976−2% vs selected
15 Apr 2026450K+5% vs selected1,043+5% vs selected
7 Apr 2026595K+39% vs selected720−27% vs selected
6 Apr 2026840K+96% vs selected849−14% vs selected
26 Mar 2026440K+3% vs selected935−6% vs selected
9 Mar 2026407K−5% vs selected887−11% vs selected
2 Mar 2026425K−1% vs selected1,237+25% vs selected
19 Feb 2026610K+43% vs selected787−21% vs selected
13 Feb 2026440K+3% vs selected1,020+3% vs selected
Studio · 431 sqftReadySelected sale
12 Feb 2026428K992
9 Feb 20261.3M+204% vs selected789−20% vs selected
16 Jan 2026840K+96% vs selected849−14% vs selected
15 Jan 2026568.43K+33% vs selected—— vs selected
9 Jan 20261.25M+192% vs selected786−21% vs selected
2 Jan 2026875K+104% vs selected884−11% vs selected

04 / Renting it out

What similar apartments rent for

Median of 6 market rents of apartments of 367–496 sq ft in Palace Tower. The gross yield is that rent against this sale's price, before service charges, fees and empty months.

See these contracts
Median rent / yr
AED 39,500
Per sqft / yr
AED 85/sqft
Gross yield
9.2%