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Palace Tower is a completed apartment development by TAMEER HOLDING INVESTMENT (LLC) in Silicon Oasis, Nadd Hessa, comprising 597 registered units. 1,814 sales are registered with the Dubai Land Department, at a current PIX© price of AED 858 per sqft. At AED 858 per sqft, Palace Tower prices 35% below the Silicon Oasis average of AED 1,329 per sqft on registered sales.
Units
Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.
| Type | Units | PIX© Price | PIX© PSF | PSF YoY | Trend | PIX© Rent /yr | Yield |
|---|---|---|---|---|---|---|---|
PIX© Core Project-Wide 344 – 4,162 sqft | 597 | 811K | 858 | ↑14.9% | 86K | 10.6% | |
| Residential | |||||||
Studio · Apartment 344 – 514 sqft | 280 | ||||||
1 Bed · Apartment 762 – 826 sqft | 72 | ||||||
2 Bed · Apartment 947 – 1,023 sqft | 72 | ||||||
3 Bed · Apartment — | — | — | — | — | — | — | — |
3 Bed · Villa — | — | — | — | — | — | — | — |
4 Bed · Villa — | — | — | — | — | — | — | — |
5 Bed · Villa — | — | — | — | — | — | — | — |
Villa (Bedrooms Unknown) 107,397 sqft | — | — | — | — | — | — | |
| Commercial | |||||||
Office 922 – 4,162 sqft | 156 | ||||||
Shop 1,227 – 2,442 sqft | 17 | — | — | — | |||
| Floors | Median PSF |
|---|---|
| All floors | 109 sales |
| Floors 1-12 | 49 sales |
| Floors 13-22 | 60 sales |
| Date | Position | Size | Price | PSF | vs Prior Sale | Tier | Type |
|---|---|---|---|---|---|---|---|
| 21 Jul 2026 | Floor 13 | 459 | 445,000 | 969 | +7.2% | Standard | Development Sale |
| 17 Jul 2026 | Floor 21 | 472 | 320,000 | 678 | +8.5% | Entry Level | Development Sale |
| 14 Jul 2026 | Floor 17 | 431 | 400,000 | 927 | -6.5% | Standard | Development Sale |
| Floors | Median Rent / Yr |
|---|---|
| All floors | 795 rentals |
| Floors 1-2 | 49 rentals |
| Floors 3-21 | 702 rentals |
| Floors 22-25 | 44 rentals |
| Start Date | Position | Size | Rent / Yr | Rent PSF | vs Prior Rent | Tier | Type |
|---|---|---|---|---|---|---|---|
| 13 Aug 2026 | Floor 4 | 2,205 | 150,000 | 68 | +57.5% | Standard | new |
| 12 Aug 2026 | Floor 19 | 473 | 37,000 | 78 | -15.9% | Entry Level | new |
| 10 Aug 2026 | Floor 16 | 431 | 40,000 | 93 | +17.6% | Standard | new |
Comparables
How this project prices against its peers, ranked by PIX© price per square foot.
Comparable projects in Silicon Oasis
The closest-priced registered projects in Silicon Oasis.
- Binghatti ViewsAED 852/sqft
- Jade ResidenceAED 849/sqft
- SpringAED 847/sqft
- Coral ResidenceAED 842/sqft
- Platinum Residence 1AED 832/sqft
- Al Falak ResidenceAED 830/sqft
Common questions about Palace Tower
Answered from Dubai Land Department registered transactions.
How much does a property in Palace Tower cost?
Property in Palace Tower sells at a current PIX© price of AED 858 per sqft, or about AED 811,468 for a typical unit, based on 1,814 sales registered with the Dubai Land Department.
Is Palace Tower completed?
Yes. Palace Tower is recorded as completed in the Dubai Land Department project register (completed q3 2009).
Who is the developer of Palace Tower?
Palace Tower is developed by TAMEER HOLDING INVESTMENT (LLC), the developer recorded against the project in the Dubai Land Department register.
What is the rental yield in Palace Tower?
Palace Tower yields 10.6% gross, calculated from current PIX© rent against current PIX© sale price, across 4,407 registered Ejari contracts.
How many units are in Palace Tower?
Palace Tower holds 597 registered units, per the Dubai Land Department unit register.
Have prices in Palace Tower gone up or down?
Price per sqft has risen +14.9% over the last 12 months, to AED 858, across 1,814 registered sales.
About Palace Towers
Palace Towers is a completed mixed-use development consisting of two high-rise towers (one residential and one commercial) sharing a landscaped podium in Nadd Hessa, Dubai Silicon Oasis, Dubai, UAE.
Overview and Development
Developed by Tameer Holding Investments and completed in 2009, Palace Towers is a prominent mixed-use complex in Dubai Silicon Oasis. The project construction began in March 2007, following its launch in 2006. The architecture of the development features a unique blend of neo-classical and postmodern styles designed by Al Hashemi, with United Engineering Construction (UNEC) serving as the main contractor.
The Towers and Discrepancies
The complex is composed of two individual towers: Palace Tower 1 and Palace Tower 2, constructed above a shared landscaped podium level and underground parking basements. There is a material conflict in database records regarding which tower is which: major real-estate portal Bayut classifies Palace Tower 1 as the 27-storey commercial building with 150 office units, and Palace Tower 2 as the 24-storey residential building containing 424 apartments. Conversely, Propsearch lists Palace Tower 1 as the residential building and Palace Tower 2 as the commercial building. Additionally, the ground floor features 17 retail spaces covering a total area of 33,000 square feet.
Amenities and Lifestyle
Residents and commercial tenants at Palace Towers share an extensive list of amenities on the landscaped podium deck, including two swimming pools, three gymnasiums, play areas, and spa/sauna services. Additionally, the development hosts an educational institute, British Orchard Nursery, on-site. The property features double-glazed windows and balconies with city, pool, or community views.
Location and Connectivity
Situated in the Nadd Hessa area of Dubai Silicon Oasis, Palace Towers is strategically located opposite Academic City. It provides immediate access to major highways such as Sheikh Mohammed Bin Zayed Road and Dubai-Al Ain Road. Nearby educational, shopping, and family-friendly assets include Gems Wellington Academy, Silicon Oasis Community Park, and the Silicon Central Mall.
- GymnasiumFully equipped gymnasiums with modern fitness installations.
- Swimming PoolsTwo swimming pools located on the shared landscaped podium level.
- Children's Play AreaDedicated children's play area.
- Spa and SaunaRelaxing on-site spa and sauna facilities.
- Covered ParkingSecure parking structures including basements and a lower ground level.
- British Orchard NurseryAn on-site nursery and preschool education center.
- Silicon Oasis Community ParkA community park located approximately 0.2 km from the complex.
- Silicon Oasis Lake ParkA lake park situated roughly 0.9 km to 1.0 km from the property.