Palace Tower in Silicon Oasis - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Rents in Palace Tower

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	43	972	41,800
1	74	714	52,850

The long term rent of an apartment in Palace Tower is 834 AED/sqm/year on average.

Rent for Studio apartment in Palace Tower is 41,800 AED or 972 AED/sqm.
Rent for 1 bedroom apartment in Palace Tower is 52,850 AED or 714 AED/sqm.

About Palace Tower

'Palace Tower' in 'Silicon Oasis' area project description

Palace Tower is a prominent mixed-use development located in the vibrant Dubai Silicon Oasis (DSO) area. Boasting a strategic location within one of Dubai's prime technology hubs, this project offers an ideal blend of residential and commercial spaces designed to cater to the needs of modern living and working environments.

Comprising two towers, the development features a residential tower and a commercial tower. The residential tower is designed with comfort and luxury in mind, offering a range of spacious apartments from studios to one and two-bedroom units. Each apartment is equipped with modern amenities and thoughtfully designed interiors to provide a seamless living experience. Large windows ensure an abundance of natural light, while balconies offer stunning views of the surrounding landscape and the dynamic Silicon Oasis community.

The commercial tower, on the other hand, is dedicated to office spaces that are perfect for businesses looking to establish themselves in a growing tech-savvy neighborhood. The tower is designed with state-of-the-art infrastructure and facilities to support the needs of modern enterprises. High-speed elevators, advanced security systems, and ample parking spaces ensure a conducive environment for businesses to thrive.

One of the key attractions of Palace Tower is its array of amenities that cater to both residents and office occupants. The development includes a fully equipped gym, a swimming pool, and a recreational area, helping residents maintain a balanced lifestyle. For families with children, there are designated play areas that make it convenient for parents to ensure their kids are engaged and safe. Additionally, landscaped gardens provide a serene environment to unwind after a busy day.

The Dubai Silicon Oasis area itself adds substantial value to Palace Tower. As a designated free zone and an integral part of Dubai's urban planning, DSO is home to an array of tech companies, educational institutions like the Rochester Institute of Technology (RIT), and numerous retail outlets and dining options. This makes living or working in Palace Tower particularly advantageous for those connected to the tech and education sectors.

Moreover, excellent connectivity is one of the standout features of Palace Tower. Conveniently located near major highways such as Sheikh Mohammed Bin Zayed Road (E311), the development offers easy access to other parts of Dubai including Downtown Dubai, Dubai International Airport, and major business districts. Public transportation options are also readily available, making commuting hassle-free.

Palace Tower in Dubai Silicon Oasis represents a unique fusion of residential and commercial spaces designed to meet the diverse needs of its occupants. With its strategic location, modern amenities, and excellent connectivity, it stands out as a prime choice for anyone looking to live or work in one of Dubai's most forward-thinking communities.

Q&A on Palace Tower

What projects are better than 'Palace Tower' project in Dubai which are located close by, and why?

1. Cedre Villas
- Why Better: Offers larger living spaces with private gardens, more suited for families. The community is highly secure and offers a peaceful suburban feel while still being close to major commercial areas.

2. Silicon Gates
- Why Better: Multiple towers providing various options for residential apartments. The quality of finishes and amenities such as gyms, pools, and retail spaces within the complex are highly acclaimed.

3. Axis Residences
- Why Better: Offers a range of apartment sizes suited for different budgets. Its central location within Silicon Oasis makes it a very convenient option for professionals working in the area.

4. Arabian Gates
- Why Better: Known for its luxury touches and modern design. It offers state-of-the-art facilities and services, including a rooftop swimming pool and advanced security systems, making it a premium option compared to Palace Tower.

5. Le Presidium
- Why Better: Features high-end finishing and spacious apartments. It provides an array of amenities like a rooftop garden, a well-equipped gym, and close proximity to schools and universities.

6. Sunshine Residences
- Why Better: Known for excellent build quality and a variety of recreational amenities including kids' play areas, swimming pools, and landscaped gardens. Its location is strategic for both residential comfort and easy access to business districts.

7. Lynx Residence
- Why Better: Offers stylish and modern apartments with excellent connectivity to major highways and public transport. The project includes sustainable and eco-friendly design features.

8. Platinum Residence
- Why Better: High level of services including concierge, dedicated parking spaces, and proximity to shopping areas. It provides luxurious living spaces with high-end appliances and finishing.

Comparatively, these projects provide either larger living spaces, superior amenities, better security, or more luxury features than Palace Tower.

What are the closest schools to 'Palace Tower' project in Dubai?

GEMS Wellington Academy
Indian International School
Vernus International School
Lycee Francais International Georges Pompidou
RIT Dubai (Rochester Institute of Technology)
Emirates International School