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Details

Commercial Title :

Palace Towers

Official Title :

Nadd Hessa

Type :

Lease Hold

Development Number :

N/A

Registration Date :

08-Nov-2008

Construction Started Date :

20-Mar-2007

Completion Status :

Under Construction

Life Cycle :

Mature

Master Developer(s) :

Tameer holdigs

Launch Date :

N/A

Anticipated Completion Date :

25-Aug-2009

Handover Date :

N/A


Special Classifications



Description

Palace Towers Dubai – Residential and Commercial Living in Dubai Silicon Oasis

Palace Towers by Tameer Holding Investment LLC is a completed mixed-use development located in Dubai Silicon Oasis, Dubai, offering a combination of residential apartments, commercial offices, and retail spaces. Completed in 2009, the development features two principal towers: a residential tower with apartments and a commercial tower designed for business use. Designed by Al Hashemi Architects, Palace Towers showcases a blend of neoclassical and postmodern architectural influences, creating a distinctive presence within the surrounding community.

Residential Apartments and Property Options

Palace Towers offers a selection of studio, one-bedroom, and two-bedroom apartments designed to accommodate different lifestyle needs. Studio apartments provide compact and practical living spaces, while one-bedroom apartments offer greater privacy for individuals and couples. Two-bedroom apartments provide additional room for small families, shared households, or residents who require extra space. The development also includes commercial offices and retail units, making it suitable for a variety of residential and business purposes.

Amenities and Lifestyle

Residents can enjoy a range of shared facilities intended to support everyday comfort and recreation. Reported amenities include a swimming pool, fitness facilities, a children's play area, landscaped podium spaces, sauna facilities, covered parking, high-speed elevators, and building security. These facilities contribute to a convenient residential environment, allowing residents to balance work, relaxation, and daily activities within an established urban community. The availability and operating arrangements of individual facilities may vary, so prospective residents should confirm the details with building management.

Prime Location in Dubai Silicon Oasis

One of the key advantages of Palace Towers is its location in Dubai Silicon Oasis, a well-established district combining residential neighbourhoods, business facilities, educational institutions, and retail destinations. Situated opposite Dubai International Academic City, the development is particularly convenient for students, educators, professionals, and families seeking accommodation near educational and employment hubs. The surrounding area offers access to supermarkets, restaurants, cafés, healthcare services, and other everyday conveniences, supporting a practical and connected lifestyle.

Connectivity and Nearby Destinations

Palace Towers benefits from road connections through Academic City Road and Dubai–Al Ain Road, providing access to other parts of Dubai. Nearby bus services offer additional public transport options, while taxis and private vehicles can help residents reach destinations across the city. The development's location also provides access to shopping, leisure, and entertainment destinations in the wider area, including Dragon Mart, Global Village, and IMG Worlds of Adventure. Travel times depend on traffic conditions and the chosen route.

Investment Potential

Palace Towers may appeal to property investors seeking completed residential or commercial real estate in Dubai Silicon Oasis. Its range of apartment layouts, dedicated office spaces, and retail units provides opportunities for buyers with different property investment objectives. The established location and surrounding residential and business activity may support rental demand, although actual returns depend on market conditions, purchase price, occupancy, service charges, maintenance costs, and the condition of the individual property. Investors should review comparable sales and rental rates before making a decision.

A Practical Property Choice in Dubai

Palace Towers combines residential accommodation, commercial facilities, shared amenities, and access to an established Dubai community. Its architectural character, range of property options, and location near educational and business hubs make it worth considering for homeowners, tenants, and property investors. For those exploring real estate in Dubai Silicon Oasis, Palace Towers offers an opportunity to evaluate an existing development based on its location, available facilities, property condition, and current market value.

Location

Yearly Transactions and Sales

Transactions and Sales by Property Types

Price Per Square Feet "Sale"