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Palace Tower 2
What people actually paid in Palace Tower 2: the sales registered at the Dubai Land Department, not asking prices. Understand the numbers before you buy.
1,031 sales are on record at the Dubai Land Department, below.
McCone Properties
Managing Partner
Buying in Palace Tower 2? Our team can walk you through what these numbers mean for you.
- Community
- Dubai Silicon Oasis
- Handed over
- 2010 — the first year resales of completed homes appear in numbers on the register, not the developer’s date
- First on record
- 2009 — an off-plan sale
- Sales on record
- 1,031 — registered at the Dubai Land Department, the latest October 2026
- Off-plan share
- 35% — 358 bought off-plan from the developer, 673 resales of a completed home
Recorded rents and gross yield for Palace Tower 2 →
How Palace Tower 2 compares — every tower in Dubai Silicon Oasis, ranked by recorded price →
Living in Dubai Silicon Oasis — the area guide →
What a mortgage on a home in Palace Tower 2 costs a month — and the cash you need on the day →
The recorded market
Price per square foot, by year
The median of every sale registered at the Dubai Land Department here. Not asking prices.
The low was 2021 at AED 483 a square foot, and it has recovered 92% since. It is still 8% below its 2015 peak.
What sells here
By size
Registered sales in the last three years. Sizes are the registered floor area.
| Layout | Typical size | Median price | Mean price | Per sq ft | Sales |
|---|---|---|---|---|---|
| Studio | 431 sqft | 397,500 | 391,453 | 926 | 84 |
| 1 B/R | 794 sqft | 575,000 | 558,727 | 751 | 19 |
| 2 B/R | 990 sqft | 825,000 | 757,500 | 841 | 16 |
Layouts that have sold fewer than five times in three years are left out — too few to quote a median, so we do not guess at one.
Every sale, as registered
Recent sales in Palace Tower 2
The last transfers recorded at the Dubai Land Department, newest first.
| Date | Layout | Size | Price | Per sq ft |
|---|---|---|---|---|
| 5 Oct 2026 | Studio | 344 | 395,000 | 1,149 |
| 1 Oct 2026 | Studio | 470 | 435,000 | 925 |
| 14 Sept 2026 | 2 B/R | 990 | 840,000 | 849 |
| 21 Aug 2026 | 2 B/R | 990 | 860,000 | 869 |
| 20 Aug 2026 | Studio | 344 | 390,000 | 1,135 |
| 22 Jul 2026 | Studio | 459 | 445,000 | 969 |
| 20 Jul 2026 | Studio | 472 | 320,000 | 678 |
| 14 Jul 2026 | Studio | 431 | 400,000 | 927 |
| 9 Jul 2026 | Studio | 431 | 460,000 | 1,067 |
| 3 Jul 2026 | Studio | 470 | 470,000 | 999 |
| 29 Jun 2026 | 1 B/R | 826 | 555,000 | 672 |
| 20 May 2026 | Studio | 459 | 407,000 | 887 |
How often it trades
Sales per year
Off-plan sales dominate a building’s first years; resales take over after handover.Off-planResale
Of the 1,031 sales on record, 358 were bought off-plan from the developer and 673 were resales of a finished home. The changeover in 2010 is the handover. The 2026 bar is part-year.
In context
Where it sits in Dubai Silicon Oasis
Palace Tower 2 is the 19th most expensive of the 28 Dubai Silicon Oasis buildings with at least fifteen recorded sales in the last year. These are its immediate neighbours on price.
| Rank | Building | Sales, 12 months | Median per sq ft |
|---|---|---|---|
| 16 | Aura Elite | 18 | 1,021 |
| 17 | Selicon Star 2 | 15 | 1,004 |
| 18 | Lynx Residence | 17 | 996 |
| 19 | Palace Tower 2 | 33 | 927 |
| 20 | Silicon Heights | 16 | 907 |
| 21 | Spring Oasis | 15 | 894 |
| 22 | Silicon Gates 1 | 68 | 875 |
Dubai Silicon Oasis as a whole: AED 1,262 a square foot across 1,716 sales in the last twelve months.
Where the market is moving
The busiest buildings in Dubai Silicon Oasis
Palace Tower 2 ranks 9th of the 12 Dubai Silicon Oasis buildings with five or more completed-home sales in the ninety days to 19 Oct 2026. These are the five ahead of it, and its own row.
| Rank | Building | Sales, 90 days | Against its usual pace |
|---|---|---|---|
| 1 | T88 | 39 | 7.4× |
| 2 | Silicon Gates 1 | 19 | 1.1× |
| 3 | Binghatti Stars | 16 | 2.6× |
| 4 | Arabian Gate | 10 | 0.8× |
| 5 | Aura Elegance | 8 | 1.2× |
| 9 | Palace Tower 2 | 6 | 0.6× |
Completed homes only, by the date the Dubai Land Department registered the transfer — the ninety days to 19 Oct 2026. Buildings with fewer than five sales in the window are not ranked. The ten busiest in Dubai Silicon Oasis, with pace against each building’s own year before.
Nearby
What else to look at in Dubai Silicon Oasis
The buildings this one sits between on recorded price per square foot, and the newest to start trading. Every one has its own page of registered prices.
| Building | Recorded sales | First traded | Median per sq ft |
|---|---|---|---|
| Aura Prestigenewest | 66 | 2026 | 1,281 |
| T88newest | 60 | 2026 | 1,200 |
| Silicon Gates 2 | 133 | 2010 | 844 |
| Ruby Residence | 168 | 2009 | 815 |
| Platinum Residences 1 | 126 | 2015 | 815 |
| S.P.Oasis | 43 | 2010 | 815 |
| La Vista Residence 1 | 169 | 2010 | 808 |
| Sapphire Residence | 126 | 2009 | 805 |
| La Vista Residence 3 | 153 | 2010 | 805 |
| Le Presidium Tower 2 | 89 | 2016 | 803 |
Medians over each building’s whole recorded history at the Dubai Land Department, so a tower that has not traded lately is still here — this is what to look at next, not what the market is doing this month. Buildings with fewer than five recorded sales are left out. “First traded” is the year the register first saw a sale in the building, which for a new tower is close to its handover.
Buying in Palace Tower 2? The cost of buying, the title deed, the service charges and buying as a foreigner, explained.