Silicon Oasis
Palace Tower
برج القصرTAMEER HOLDING INVESTMENT (LLC) · Selling since 2007 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · buildings · 597 units · 3 buildings · DLD target completion August 2009
Registered developer: TAMEER HOLDING INVESTMENT (LLC) (DLD no. 99)
Escrow account with Abu Dhabi Islamic Bank · Zoned by Dubai Silicon Oasis Authority
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Rents filed under Silicon Oasis
Median annual rent of AED 55,000 across 16,426 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
Median per sqft
AED 1,002/sqft
3yr CAGR · resales
+7.3%
Resale record
173 months
Registered resales here span 173 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Palace Tower — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Palace Tower over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Palace Tower itself; the rest are homes of the same size in Silicon Oasis, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| Studio | AED 428K | AED 43,000/yrsame size in Silicon Oasis | 10.0% | 25 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a studio here reads 12.0% instead of 10.0%, because it prices the home at AED 357K — the median across every sale on record — rather than the AED 428K a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2023 — AED 15/sqft, as filed with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 6,638 | AED 36,363 | 10.0% | 8.5% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Palace Tower
How much does a home in Palace Tower cost?
Over the last twelve months a completed studio in Palace Tower sold for a median AED 428K (25 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Palace Tower?
A studio rents for a median AED 43,000/yr (homes of about that size in Silicon Oasis, 713 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Palace Tower, so every figure above is the rent for homes of that size in Silicon Oasis — the area's rent, not this project's own.
What rental yield does Palace Tower give?
Gross yields on completed homes in Palace Tower run about 10.0% on a studio, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Palace Tower selling off-plan or as resales?
0% of the 54 sales registered in Palace Tower in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Palace Tower start selling?
The Land Department's register holds 1,836 sales in Palace Tower, the earliest registered in 2007. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Silicon Oasis median
-11.6%
Priced at or below the area's real median.
Developer track record
8,318 real transactions
6 completed · 0 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
High competitionWhen Palace Tower completed in August 2009, 10 other other projects in Silicon Oasis were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 64 more other projects in Silicon Oasis are still in the pipeline overall.
The Dunes
MAXIMUS PROPERTY I LIMITED
Mar 2009
Axis Residences 3
GULF GENERAL INVESTMENTS CO. (P.S.C)
May 2009
Oasis High Park
MOHD. HUSSAIN & BROS
Jul 2009
Axis Residences 1
GULF GENERAL INVESTMENTS CO. (P.S.C)
Sep 2009
Jade Residence
Deyaar Development (P.J.S.C)
Oct 2009
Axis Residences 4
GULF GENERAL INVESTMENTS CO. (P.S.C)
Oct 2009
Sevanam Crown
SEVANAM HOLDINGS LIMITED
Nov 2009
Sapphire Residence
Deyaar Development (P.J.S.C)
Feb 2010
Ruby Residence
Deyaar Development (P.J.S.C)
Feb 2010
Coral Residence
Deyaar Development (P.J.S.C)
Feb 2010
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
497 m
واحة دبي السيليكون
Nearest school
210 m
GEMS Wellington Academy Silicon Oasis
Nearest hospital
667 m
Fakeeh University Hospital
Nearest supermarket
139 m
Choitrams
Metro stations
- واحة دبي السيليكون497 m
- مدينة الأكاديمية1.4 km
- مدينة العالمية 22.8 km
Schools
- GEMS Wellington Academy Silicon Oasis210 m
- GEMS Wellington Academy241 m
- GEMS Sports Academy365 m
- Indian International School1.3 km
Hospitals & clinics
- Fakeeh University Hospital667 m
- HLG Umar697 m
Supermarkets
- Choitrams139 m
- Viva Supermarket152 m
- Jannath Al Madina202 m
- Union Coop230 m
Bus stops
- Silicon Oasis Palace Tower 10 m
- Silicon Oasis 2214 m
- Silicon Oasis Lake245 m
- Silicon Oasis Lake291 m
Pharmacies
- LIFE Pharmacy1.2 km
- Medicina Pharmacy1.3 km
- Bincina Pharmacy1.3 km
- Life Pharmacy1.3 km
Malls
- Silicon Central1.5 km
- Q1 Mall1.7 km
Parks
- Dubai Silicon Oasis North Park1.0 km
- Silicon Oasis Park1.6 km
- Central park1.6 km
Mosques
- Souq Extra Mosque717 m
- Al Waha Masjid1.1 km
- Shaikha Ali Mosque1.4 km
- Al Waha 21.6 km
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
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Building in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Silicon Oasis
Buying in Palace Tower?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample