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Palace Tower 1

Dubai Silicon Oasis

Project factsheet

Storeys 24
Height 135 m
Status Completed
District Dubai Silicon Oasis

About the building

24-storey residential building in Dubai Silicon Oasis.

Specifications for Palace Tower 1 per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

About the project

Palace Tower 1 is a 24-storey residential building in Dubai Silicon Oasis.

Height — 135 metres.

The database currently holds 1 lot in this project, from 1 500 000 AED; 1 of them priced below the market, the deepest discount 19%.

24 storeys and 135 metres in Dubai Silicon Oasis, a residential building. Seven of our lots with 1–3 bedrooms, from AED 2.5 to 8 million.

What kind of building this is

Palace Tower 1 is a residential high-rise in Dubai Silicon Oasis: 24 storeys, 135 metres, completed status. The developer isn't listed in the reference database.

This is the first of the complex's two towers, and the difference between them matters: the passport classifies Palace Tower 2 as an office building, and this one as residential. That explains the mismatch in the offer mix at the neighboring address, which we covered separately.

Our seven lots are apartments with 1–3 bedrooms, sized from 670 to 1,770 square feet.

What the numbers show

Prices run from AED 2.5 to 8 million at an average price of around AED 4,120 per square foot. That's a very high level for Dubai Silicon Oasis: the district sits in the mid-tier segment, and a price per foot like that isn't the norm there.

The same question came up for the neighboring tower, where the average worked out to AED 4,371 per foot. Two adjacent buildings with an equally anomalous price per foot for the district is reason to check the source data, rather than treat it as a feature of the address.

We have no discount data for this building: the field is blank for every lot. There's no way to judge bargaining room from our figures.

What to check

First — the size and price of the specific unit, in documents. When the price per square foot deviates twofold from the district level, the first thing to check isn't the market — it's the underlying figures.

Second — the unit's registered purpose from the title deed. In a complex where one tower is residential and the other office, mix-ups in the paperwork are especially likely.

Third — the district itself. Dubai Silicon Oasis is a working development with its own rental demand, without a premium for the address. Base the rate and price on actual district transactions.

propsearch object passport (storeys, height, building type, district, stage) and our own stock as of 28 August 2026: 7 lots — price range, sizes, price per square foot, bedroom mix. The discount field for this address is blank.

The complex's second tower — Palace Tower 2 →

Where it is

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2028 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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Frequently asked about Palace Tower 1

How many floors does Palace Tower 1 have?

24. The building has 135 m tall.

Where is Palace Tower 1?

Dubai Silicon Oasis. Dubai Silicon Oasis: a self-contained technology free zone with its own housing, schools and retail, on the eastern side of the city.

How much does an apartment in Palace Tower 1 cost?

The database currently holds 1 lot in this project, from 1 500 000 AED; 1 of them priced below the market, the deepest discount 19%. The list changes daily — I will send a fresh selection for the building on request.

In the news

What has been written about the building, its developer and Dubai Silicon Oasis

Where this project stands today

I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.

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