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Sold for AED 840,000: 2-Bedroom Apartment in Palace Tower

Located in Dubai Silicon Oasis, Dubai. Its price per sqft is −4% vs the Palace Tower median (AED 887/sqft).

All Dubai Silicon Oasis salesPalace Tower prices

Sale price

AED 840,000

Per sqft
AED 849
Registered
6 Apr 2026, 15:49 (Dubai)

01 / Price history

This unit's history

Every registration of this 2-bedroom apartment in Palace Tower: same layout, exact size (990 sqft) and parking bay B2-23. The registry has no unit numbers, so records are matched on these details.

  1. 6 Apr 2026This sale

    990 sqft · AED 849/sqft · Ready

    First recordAED 840,000

  2. 6 Apr 2026Mortgage

    Same day as previous · 990 sqft · AED 679/sqft · Ready

    20%lower than the previous recordAED 672,000
Records
2
Registered
Same day
as the mortgage, 6 Apr 2026
Loan to value
80%
AED 672K mortgage on the AED 840K sale

02 / The property

Property details

Size
990 sqft · 91.97 m²
Bedrooms
2 BR
Registered as
Sell Development
Property sub-type
Flat
Usage
Residential
Tenure
Non-freehold
Parking
B2-23
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−53% vs selected1,149+35% vs selected
5 Oct 20261.5M+79% vs selected844−1% vs selected
1 Oct 2026435K−48% vs selected925+9% vs selected
11 Sept 2026840K0% vs selected8490% vs selected
21 Aug 2026860K+2% vs selected869+2% vs selected
20 Aug 2026390K−54% vs selected1,135+34% vs selected
21 Jul 2026445K−47% vs selected969+14% vs selected
17 Jul 2026320K−62% vs selected678−20% vs selected
14 Jul 2026400K−52% vs selected927+9% vs selected
9 Jul 2026460K−45% vs selected1,067+26% vs selected
3 Jul 2026470K−44% vs selected999+18% vs selected
26 Jun 2026555K−34% vs selected672−21% vs selected
20 May 2026407K−52% vs selected887+4% vs selected
5 May 2026880K+5% vs selected889+5% vs selected
30 Apr 20261.35M+61% vs selected858+1% vs selected
15 Apr 2026470K−44% vs selected976+15% vs selected
15 Apr 2026450K−46% vs selected1,043+23% vs selected
7 Apr 2026595K−29% vs selected720−15% vs selected
2 BR · 990 sqftReadySelected sale
6 Apr 2026840K849
26 Mar 2026440K−48% vs selected935+10% vs selected
9 Mar 2026407K−52% vs selected887+4% vs selected
2 Mar 2026425K−49% vs selected1,237+46% vs selected
19 Feb 2026610K−27% vs selected787−7% vs selected
13 Feb 2026440K−48% vs selected1,020+20% vs selected
12 Feb 2026428K−49% vs selected992+17% vs selected
9 Feb 20261.3M+55% vs selected789−7% vs selected
16 Jan 2026840K0% vs selected8490% vs selected
15 Jan 2026568.43K−32% vs selected—— vs selected
9 Jan 20261.25M+49% vs selected786−7% vs selected
2 Jan 2026875K+4% vs selected884+4% vs selected

04 / Renting it out

What similar apartments rent for

Median of 11 market rents of apartments of 841–1,138 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 60,000
Per sqft / yr
AED 71/sqft
Gross yield
7.1%