Palace Tower 2 — sale prices & transaction history
The Land Department sale record for Palace Tower 2 in Dubai Silicon Oasis — a register made mostly of studios, by bedroom count, with the most recent four months first.
Last verified 2026-09-17 · How we compute these numbers
- Recorded transactions
- 1,029
- Register
- 670 secondary · 359 off-plan
- First recorded transaction
- 20 July 2009
- Most recent
- 21 August 2026
Median across 9 recorded transactions, 8 May 2026 to 8 September 2026. Median price AED 445,000.
Dubai Land Department transaction register, records through 8 September 2026. Recomputed on every page load.
The Land Department registers Palace Tower 2 as "PALACE TOWER T2", in the singular, while the similarly named registers "PALACE TOWERS T1" and "PALACE TOWERS T3" use the plural. They are separate registers, and a search under one exact spelling can miss the others; this page covers "PALACE TOWER T2" alone.
Its first recorded sale dates from 2009. It holds both off-plan registrations and completed units changing hands, and the register-mix line on this page states the split.
Most sales here are studios, which span several layouts, with smaller one and two-bedroom tiers and nothing larger. One pattern holds in every window the page can compare: one-bedrooms have sold at a lower rate per square foot than both studios and two-bedrooms. Each row in the table is priced on the most recent period that holds enough of its own sales — the last four months first, then the last twelve months, the last three years or the whole record — and names the period it uses, so two rows side by side can describe different stretches of the market.
Every figure is computed from the Land Department register at the moment you load the page, four-month window first. These are recorded sale prices, not asking prices.
Palace Tower 2 sale prices by bedroom
Median recorded prices for Palace Tower 2 by bedroom count. Each row is priced on the last 4 months wherever that period holds enough sales, and steps back only as far as it has to — 12 months, then 3 years, then the whole record. The period each row actually covers is named beside it, with the number of sales behind it, so you can see exactly how thin or deep the figure you are reading is. Every row also shows what has traded in the last 4 months, including when that is nothing — set against the full record of 1,029 recorded transactions. These are the prices buyers actually paid — not asking prices, and not a district average.
| Bedrooms | Saleslast 4 months / all time | Priced on | Median size | Median price | Median AED / sqft |
|---|---|---|---|---|---|
| Studio | 7 / 722 | last 4 months7 sales | 459 sqft | AED 407,000 | 970 |
| 1 bedroom | 1 / 156 | last 12 months6 sales | 810 sqft | AED 602,500 | 754 |
| 2 bedrooms | 1 / 151 | last 12 months8 sales | 990 sqft | AED 842,500 | 859 |
A bedroom type with fewer than five recorded transactions keeps its count and loses its median: below that sample a middle value is arithmetic, not a market rate. A median taken across the whole register mixes prices from every year the building has traded, so each row above is priced on the most recent period that clears that threshold. Rows can sum to less than the building total — very large units are held out of the table for the same reason.
Most recent Palace Tower 2 transactions
The newest individual recorded transactions on the register, exactly as recorded. A median is a claim we vouch for; these are facts you can check against the Land Department yourself.
| Date | Type | Size | Price | AED / sqft |
|---|---|---|---|---|
| 21 August 2026 | 2 bed | 990 sqft | AED 860,000 | 869 |
| 20 August 2026 | Studio | 344 sqft | AED 390,000 | 1,134 |
| 22 July 2026 | Studio | 459 sqft | AED 445,000 | 969 |
| 20 July 2026 | Studio | 472 sqft | AED 320,000 | 678 |
| 14 July 2026 | Studio | 431 sqft | AED 400,000 | 928 |
| 9 July 2026 | Studio | 431 sqft | AED 460,000 | 1,067 |
| 3 July 2026 | Studio | 470 sqft | AED 470,000 | 1,000 |
| 29 June 2026 | 1 bed | 826 sqft | AED 555,000 | 672 |
Why below-market resale shows up in Palace Tower 2
- Rental arithmetic on studios. Most sales here are studios, and a studio held as a rental is sold when the rent stops covering the service charge and any financing.
- Many studio sellers. With studios the bulk of the register, a studio seller who needs a quick sale competes on price with other studios of a similar size for sale in the building at the time, and the most motivated seller sets the level.
- Mortgage resets. When a fixed-rate period ends, an owner's monthly repayment can rise sharply, and an owner who cannot absorb the new rate may sell rather than refinance.
- The one-bedroom gap. One-bedrooms here have sold at a lower rate per square foot than studios and two-bedrooms in every window compared, so a one-bedroom priced below either of those rates per foot may simply be in line with its own tier rather than discounted.
Distressed listings in Palace Tower 2
See all in Dubai Silicon Oasis →No active distressed listings in Palace Tower 2 right now. The register above is unaffected — it is the Land Department's record for the whole building, not our inventory.
Browse everything in Dubai Silicon Oasis →What to check before you offer on Palace Tower 2
- Confirm the register by its exact name. "PALACE TOWER T2" is filed separately from "PALACE TOWERS T1" and "PALACE TOWERS T3", and a figure from either of those is not evidence for this building.
- Read the window label before comparing rows. The studio row here is priced on a shorter, more recent period than the one and two-bedroom rows, so a gap between them can reflect timing as well as unit type.
- For a studio, check the unit's floor area against the row's median size. Studio sales here span several layouts, so the median studio price can describe a noticeably larger or smaller unit than the one on offer.
- Ask for the current service charge per square foot and the last two years of it. In Dubai it is set per building and reviewed annually, and a rise of a dirham or two per square foot moves a mid-size flat's running cost by thousands a year.
- Ask which register the unit sits on. A completed home changes hands on the secondary register at the Land Department; a pre-handover unit is an assignment of the original sale contract, needs the developer's no-objection certificate, and carries whatever is left of the payment plan.
Palace Tower 2 — common questions
- Is this the same register as Palace Towers T1 or Palace Towers T3?
- No. The Land Department keeps separate registers for "PALACE TOWERS T1", "PALACE TOWERS T3" and this building, filed as "PALACE TOWER T2"; "Cordoba Palace" in the same district is another separate register. This page covers "PALACE TOWER T2" only.
- Is the price data on this page asking prices or actual sales?
- Actual sales. Every figure comes from the Dubai Land Department's record of completed transactions — the price recorded when ownership legally changed hands.
- Why does the table stop at two bedrooms?
- Because the Land Department has recorded no sale of a larger apartment in Palace Tower 2, and the table shows a row only for a bedroom type that has sold.
- Can I tell from this data whether a unit is selling below its original price?
- No. The Land Department records a developer's first sale and a pre-handover resale under the same code, and the export carries no unit identifier, so an original price cannot be traced to a later sale of the same apartment.
- How current is this register?
- The page states the date of the most recent recorded sale it holds and recomputes every figure on load. Records arrive in batches, so the newest few days are typically not yet included.
Keep going
- Distressed property in Dubai Silicon Oasis — the district this building sits in, with its own Land Department price table and the communities around it.