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Sold for AED 425,000: Studio Apartment in Palace Tower

Located in Dubai Silicon Oasis, Dubai. Its price per sqft is +39% vs the Palace Tower median (AED 887/sqft).

All Dubai Silicon Oasis salesPalace Tower prices

Sale price

AED 425,000

Per sqft
AED 1,237
Registered
2 Mar 2026, 10:49 (Dubai)

01 / Price history

This unit's history

Every registration of this studio apartment in Palace Tower: same layout, exact size (344 sqft) and parking bay B2-26. The registry has no unit numbers, so records are matched on these details.

  1. 2 Mar 2026This sale

    344 sqft · AED 1,237/sqft · Ready

    First recordAED 425,000

  2. 2 Mar 2026Mortgage

    Same day as previous · 344 sqft · AED 931/sqft · Ready

    25%lower than the previous recordAED 320,000
Records
2
Registered
Same day
as the mortgage, 2 Mar 2026
Loan to value
75%
AED 320K mortgage on the AED 425K sale

02 / The property

Property details

Size
344 sqft · 31.93 m²
Bedrooms
Studio
Registered as
Sell Development
Property sub-type
Flat
Usage
Residential
Tenure
Non-freehold
Parking
B2-26
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−7% vs selected1,149−7% vs selected
5 Oct 20261.5M+253% vs selected844−32% vs selected
1 Oct 2026435K+2% vs selected925−25% vs selected
11 Sept 2026840K+98% vs selected849−31% vs selected
21 Aug 2026860K+102% vs selected869−30% vs selected
20 Aug 2026390K−8% vs selected1,135−8% vs selected
21 Jul 2026445K+5% vs selected969−22% vs selected
17 Jul 2026320K−25% vs selected678−45% vs selected
14 Jul 2026400K−6% vs selected927−25% vs selected
9 Jul 2026460K+8% vs selected1,067−14% vs selected
3 Jul 2026470K+11% vs selected999−19% vs selected
26 Jun 2026555K+31% vs selected672−46% vs selected
20 May 2026407K−4% vs selected887−28% vs selected
5 May 2026880K+107% vs selected889−28% vs selected
30 Apr 20261.35M+218% vs selected858−31% vs selected
15 Apr 2026470K+11% vs selected976−21% vs selected
15 Apr 2026450K+6% vs selected1,043−16% vs selected
7 Apr 2026595K+40% vs selected720−42% vs selected
6 Apr 2026840K+98% vs selected849−31% vs selected
26 Mar 2026440K+4% vs selected935−24% vs selected
9 Mar 2026407K−4% vs selected887−28% vs selected
Studio · 344 sqftReadySelected sale
2 Mar 2026425K1,237
19 Feb 2026610K+44% vs selected787−36% vs selected
13 Feb 2026440K+4% vs selected1,020−18% vs selected
12 Feb 2026428K+1% vs selected992−20% vs selected
9 Feb 20261.3M+206% vs selected789−36% vs selected
16 Jan 2026840K+98% vs selected849−31% vs selected
15 Jan 2026568.43K+34% vs selected—— vs selected
9 Jan 20261.25M+194% vs selected786−36% vs selected
2 Jan 2026875K+106% vs selected884−29% vs selected

04 / Renting it out

What similar apartments rent for

Median of 13 market rents of apartments of 292–395 sq ft in Dubai Silicon Oasis. 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 40,000
Per sqft / yr
AED 111/sqft
Gross yield
9.4%