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About Palace Towers
Palace Towers is a two-tower development by Tameer Holding in the centre of Dubai Silicon Oasis, combining 424 residential apartments with 150 office suites and ground-floor retail.
Studio resale asks sit around AED 420,000 to 445,000, with the wider DSO range for comparable stock running to about AED 840,000 for larger units. Studios rent for roughly AED 43,000 to 45,000 a year and two-bedrooms around AED 80,000.
Construction ran from 2007 to 2009 and the towers were declared complete in July 2009, making this one of the longest-standing addresses in the district.
At a glance
Palace Towers key facts
- Developer
- Tameer Holding
- Community
- Dubai Silicon Oasis
- Status
- Handover soon
- Handover
- Completed (2009)
- Starting price
- AED 420K
- Total units
- 424
- Unit types
- Studio, 1 Bedroom, 2 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Palace Towers
- 01
Agree the price
Agree terms with the seller of a unit at Palace Towers, supported by recent Dubai Land Department transactions.
- 02
Form F (MOU)
Buyer and seller sign the RERA Form F memorandum of understanding and a 10% security cheque is lodged.
- 03
Developer NOC
Tameer Holding issues a No Objection Certificate once any outstanding service charges or instalments are settled.
- 04
Transfer
Transfer takes place at a Dubai Land Department trustee office; the 4% DLD fee is paid and the new title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Central DSO location with offices and retail on site
- 424-unit scale with active resale market
- Entry-level studio pricing
What to weigh
- 2009-era building, so finishes are dated
- Mixed-use tower brings office traffic
- Asking prices are listing figures, not registered values
FAQ
Palace Towers — frequently asked questions
What is the starting price of Palace Towers?
Published pricing at Palace Towers starts from AED 420K. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Palace Towers?
Palace Towers is scheduled for handover in Completed (2009). Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Palace Towers?
Palace Towers is developed by Tameer Holding in Dubai Silicon Oasis, Dubai.
What unit types are available at Palace Towers?
Palace Towers offers Studio, 1 Bedroom, 2 Bedroom across 424 units.
Where is Palace Towers located?
Palace Towers is in Dubai Silicon Oasis, Dubai.
Can foreigners buy at Palace Towers?
Yes. Dubai Silicon Oasis is a freehold area, so buyers of any nationality can own property at Palace Towers outright.
Does buying at Palace Towers qualify for the UAE Golden Visa?
The entry price of AED 420K is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at Palace Towers?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 17K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Palace Towers?
MRK Real Estate advises on primary purchases and resales at Palace Towers. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Tameer Holding before any transaction.
