Palace Tower

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Tameer
597
Total Units
597
Sold
⃃ 455,000
Median Price
⃃ 770
Median Price /sqft
Construction progress: 100%
Start: Nov, 2008Completion: Nov, 2009

Palace Tower Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio141340 sqft - 510 sqft⃃ 0.4M (940 /sqft)⃃ 1,360 /sqft
-31.23
1 Bed108340 sqft - 830 sqft⃃ 0.6M (790 /sqft)⃃ 1,020 /sqft
-22.55
2 Beds151340 sqft - 1,020 sqft⃃ 0.8M (870 /sqft)⃃ 1,300 /sqft
-33.18
3 Beds5430 sqft - 470 sqft⃃ 1,120 /sqft
0
4 Beds8340 sqft - 470 sqft⃃ 0.5M (1,000 /sqft)⃃ 1,310 /sqft
-23.49
5 Beds11340 sqft - 510 sqft⃃ 0.4M (980 /sqft)⃃ 1,350 /sqft
-27.07

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Combination: Property price over months
Palace TowerNadd Hessa
Jan 2018824858
Feb 2018605757
Mar 2018758694
Apr 2018—847
May 2018611740
Jun 2018675712
Jul 2018—755
Aug 2018812777
Sep 2018690771
Oct 2018634777
Nov 2018872697
Dec 2018—751
Jan 2019696761
Feb 2019—831
Mar 2019529713
Apr 2019629727
May 2019652700
Jun 2019558721
Jul 2019564573
Aug 2019479775
Sep 2019540623
Oct 2019571633
Nov 2019638666
Dec 2019—613
Jan 2020504654
Feb 2020460671
Mar 20201.4K665
Apr 2020—671
May 2020—692
Jun 2020610688
Jul 2020—648
Aug 2020—673
Sep 2020—602
Oct 2020—522
Nov 2020464551
Dec 2020596535
Jan 2021—600
Feb 2021453631
Mar 2021528586
Apr 2021—560
May 2021458471
Jun 2021528563
Jul 2021570543
Aug 2021504671
Sep 2021504616
Oct 2021—637
Nov 2021457632
Dec 2021—599
Jan 2022—606
Feb 2022727637
Mar 2022568588
Apr 2022727622
May 2022584535
Jun 2022633614
Jul 2022605634
Aug 2022609610
Sep 2022640591
Oct 2022490640
Nov 2022575975
Dec 2022587703
Jan 2023625749
Feb 2023660688
Mar 2023594485
Apr 2023638656
May 2023588759
Jun 2023605671
Jul 2023—620
Aug 2023810638
Sep 2023742774
Oct 2023735706
Nov 2023755697
Dec 2023744754
Jan 2024674841
Feb 2024977831
Mar 20241.0K865
Apr 2024770864
May 2024901778
Jun 2024824865
Jul 2024716879
Aug 2024959894
Sep 2024763891
Oct 2024950982
Nov 20248501.0K
Dec 20247351.0K
Jan 2025—1.7K
Feb 20251.2K1.4K
Mar 2025—1.2K
Apr 20257541.8K
May 20258941.4K
Jun 20258461.7K
Jul 20259981.3K
Aug 20259041.6K
Sep 20258831.5K
Oct 20251.2K1.3K
Nov 20259541.6K
Dec 20258851.3K
Jan 20268821.1K
Feb 20269931.2K
Mar 20269361.2K
Apr 20269121.2K
May 20268881.2K
Jun 20267691.2K
Jul 20269691.2K
Aug 20261.0K1.2K
Sep 20268481.1K
Oct 20261.0K1.1K

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSizeBalcony
1Apartment10826 sqft4.46 sqft
1Apartment10459 sqft4.83 sqft
1Apartment10431 sqft4.83 sqft
1Apartment10344 sqft0 sqft
1Apartment10794 sqft4.83 sqft
1Apartment10482 sqft3.72 sqft
1Apartment10510 sqft4.65 sqft
1Apartment10794 sqft4.83 sqft
1Apartment10431 sqft4.83 sqft
1Apartment10431 sqft4.83 sqft
1Apartment10826 sqft4.46 sqft
2Apartment10470 sqft0 sqft
2Apartment10990 sqft5.02 sqft
2Apartment10344 sqft0 sqft
2Apartment10990 sqft5.02 sqft

Sold properties

BedsCategorySizeBalconyPricePrice /sqftDate
No data found

Palace Tower Real Estate Data – FAQ

  • What is the current property supply in Palace Tower?

    Palace Tower has a total residential supply of approximately 111 units. This represents completed and available inventory within the area.

  • How active is the real estate market in Palace Tower?

    Palace Tower recorded 46 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

  • What is the average price /sqft in Palace Tower?

    The median transaction price in Palace Tower is ⃃ 890 /sqft , based on actual recorded sales transactions, not listing prices.

  • What rental yield can investors expect in Palace Tower?

    The gross rental yield in Palace Tower is approximately 9%, calculated using median rental income divided by median sale prices for comparable properties.

  • How much have property prices increased in Palace Tower?

    Property prices in Palace Tower have shown a capital appreciation of 9.95% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

  • How many off-plan projects are currently in Palace Tower?

    There are currently 0 active off-plan projects in Palace Tower, reflecting strong developer activity and future supply pipeline.

  • What is the future supply pipeline in Palace Tower?

    The total off-plan pipeline in Palace Tower includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

  • Is Palace Tower a good area for property investment?

    Palace Tower is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around 9%, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Palace Tower, this is 9%, indicating relatively strong income performance compared to global markets.