Palace Towers

Palace Towers is a mixed-use complex located in Dubai Silicon Oasis, Dubai. The development consists of two towers: Palace Tower 1 and Palace Tower 2. The project was developed by Tameer Holding Investments and was completed in 2009.

Palace Towers 1 includes studios and one- to two-bedroom apartments that were designed using a neoclassical and post-modern style. Properties are fully furnished and feature balconies and open kitchens that overlook the living rooms.

Palace Towers 2 includes office space that is available to buy and rent.

Studios have a minimum size of 74 sq. m (793 sq. ft.). One-bedroom apartments have a minimum size of 74 sq. m (793 sq. ft.). Two-bedroom apartments have a minimum size of 92 sq. m (990 sq. ft.), and offices have a minimum size of 158 sq. m (1,700 sq. ft.)

One-bedroom apartments have a starting price of AED 345,000 (USD 94,000), and offices have a starting price of AED 650,000 (USD 177,000).

Palace Towers is located in Dubai Silicon Oasis. Residents have easy access to public transportation, including buses, cabs, and the Metro. The nearest bus stop, Silicon Oasis SIT Tower 2, is situated within a five-minute drive of the complex, and the Rashidiya Metro Station can be reached within a 15-minute drive. The building is surrounded by other popular complexes, such as Silicon Oasis Tower, Silicon Gates 4, Arabian Gates, and Axis Residence.

Dubai Silicon Oasis is one of the most promising areas in Dubai for profitable real estate investments. The most sought-after units to buy and rent at Palace Towers are two-bedroom apartments and offices. The annual rental rate for a two-bedroom unit starts at AED 40,000 (USD 11,000), and the annual rental rate for an office starts at AED 100,000 (USD 27,000).

Two-bedroom apartments have a return on investment rate of 9.2%, and one-bedroom apartments have a return on investment rate of 8.7%. These figures are quite high, which is an important factor when deciding to invest in residential real estate located in Dubai Sports City.