Palacio Tower
About the project Palacio Tower
(sq. ft.)
Palacio Tower is a 15-storey residential complex located in Dubai Silicon Oasis, Dubai. The project was implemented by Abdul Salam M Rafi Saeed Group, and construction was completed in 2012.
There are a total of 326 residential units, including studios and one- to three-bedroom apartments. Properties are equipped with large balconies, built-in closets, spacious bedrooms, and modern finishes.
The complex provides a variety of amenities and services, including:
- Large swimming pool
- Three levels of underground parking
- 24-hour reception desk
- Jacuzzi and sauna
- Equipped gym
- 24-hour security services
- Maintenance services
- Central air conditioning
- High-speed elevators
- Private playground and swimming pool for children
Studios cover an area of 450 sq. ft., and apartments range in size from 750 sq. ft. to 1,400 sq. ft.
The annual rental for a studio is approximately AED 29,000 (USD 8,000), and the annual rental rate for a two-bedroom apartment is approximately AED 50,000 (USD 14,000).
*The price is valid for 2021
Property Information
- Location Dubai Silicon Oasis, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Tower
- Units 1-3BR
- Area from 750 sq. ft.
- Total Amount of Units 326
Location
Palacio Tower is conveniently located in the modern district of Dubai Silicon Oasis. The building is situated near Dubai-Al Ain Road and Sheikh Mohammed Bin Zayed Road, which provide easy access to other parts of the city. The nearest bus stop, Silicon Oasis SP Oasis 2, can be reached within a two-minute walk of the apartments. Cabs can also be found throughout the neighbourhood.
There are many leisure and social facilities situated within a 15-minute walk of the tower, including:
- Copper Kettle Restaurant
- Chin Chin DSO
- VIP Salon
- Al Madina Mart
- GEMS Wellington Academy DSO
- Toddlers International Kindergarten
The complex is located within a 20-minute drive of several popular destinations, including:
- Frappy Cheerful Blend, Angolan Cuisine, Falafil Al Rabain Al Khadra Restaurant
- Al Batha Building Mosque
- Viva Supermarket
- Dubai Outlet Mall
- Global Village and IMG Worlds of Adventure
- Zayed University, DESC-Dubai English Speaking College, Academic City, and Emirates Aviation University
- Aster Hospital
Dubai International Airport can be reached within a 15-minute drive of the residences.
Payback
Two-bedroom apartments in Dubai Silicon Oasis have a return on investment rate of 7.9%, which is one of the highest rates in Dubai. Properties can be purchased to subsequently rent out, which can generate a passive income.
Real estate in Palacio Tower is in demand among locals and foreigners. Apartments are located in a promising area with excellent infrastructure. The building provides all of the necessary amenities to ensure a comfortable stay, and the apartments are well-equipped and have modern finishes.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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