Palace Tower, Silicon Oasis: sale prices and transactions
Palace Tower is a project registered with the Dubai Land Department (project no. 213) in Silicon Oasis. Since July 2009, 1,401 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 35 sales closed at a median AED 9,954 per m² (AED 925 per sq ft).
- AED 9,954median price per m²
- AED 925median price per sq ft
- 1,401sales since 2009
- 35sales in 12 months
- +7.2%change year on year
- 424registered homes
Its price per m² is 23.1% below the Silicon Oasis median (AED 12,937/m²). Sales combine off-plan purchases (25.6%) and resales of completed homes.
Palace Tower prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 23 | AED 428,000 | 43 m² |
| Apartment · 1 bedroom | 4 | AED 585,000 | 77 m² |
| Apartment · 2 bedrooms | 8 | AED 842,500 | 92 m² |
Palace Tower price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 17 | AED 6,730 | AED 625 | — |
| 2020 | 12 | AED 5,831 | AED 542 | -13.4% |
| 2021 | 20 | AED 5,064 | AED 470 | -13.2% |
| 2022 | 29 | AED 6,407 | AED 595 | +26.5% |
| 2023 | 55 | AED 7,179 | AED 667 | +12% |
| 2024 | 53 | AED 9,144 | AED 850 | +27.4% |
| 2025 | 43 | AED 9,840 | AED 914 | +7.6% |
| 2026 (to mid-October) | 27 | AED 9,568 | AED 889 | -2.8% |
Palace Tower rents
241 Ejari contracts started in the project over the last 12 months. Indicative gross yield: studio 9.3%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 167 | AED 40,000 | 36,000 – 43,000 | AED 40,108 |
| Apartment · 1 bedroom | 44 | AED 54,000 | 50,000 – 57,000 | AED 55,000 |
| Apartment · 2 bedrooms | 30 | AED 70,000 | 64,979 – 80,000 | AED 75,000 |
Registered homes at Palace Tower
The DLD register lists 424 homes for this project across 3 buildings (up to 27 floors), with a median size of 44 m².
- Studio: 280
- 1 bedroom: 72
- 2 bedrooms: 72
Location
- Landmark: IMG World Adventures
Neighbouring projects in Silicon Oasis
Same price per m² elsewhere in Dubai
- Cricket Tower, Dubai Sports City — AED 9,951/m²
- Remraam, Remraam — AED 9,967/m²
- The Matrix, Dubai Sports City — AED 9,944/m²
- Masaar Residences, Jumeirah Village Circle — AED 9,973/m²
Other projects in Silicon Oasis
- Jade Residence — AED 9,932/m²
- Selicon Star 2 — AED 10,056/m²
- La Visita 02 — AED 10,065/m²
- Sapphire Residence — AED 10,232/m²
- Oasis Star — AED 10,248/m²
- Topaz Residences 1 — AED 10,286/m²
- Platinum Residence 1 — AED 10,293/m²
- La Visita 01 — AED 10,297/m²
Silicon Oasis property prices · Silicon Oasis rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Palace Tower?
Over the last 12 months the median is AED 925 per sq ft (AED 9,954 per m²) across 35 DLD sales.
How much is a studio at Palace Tower?
Median sale price AED 428,000 for a median 43 m², across 23 sales over the last 12 months.
How many sales have been registered at Palace Tower?
1,401 residential sales registered with the DLD between July 2009 and October 2026, 25.6% of them off-plan.
Where is Palace Tower?
In Silicon Oasis (DLD area Nadd Hessa), Dubai.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Registered units: DLD "Units" and "Buildings" datasets (data.dubai).
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.