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Palace Tower 2, Dubai Silicon OasisReady

Palace Tower 2, Dubai Silicon Oasis

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HIGHLIGHTS

About Palace Tower 2

Palace Tower 2 is one of the high-rise buildings of the Palace Towers complex, situated in Dubai Silicon Oasis. It is a 24-storey tower that consists of two basement levels, one ground floor and 22 residential floors. The project was launched by Tameer Holding Investments in 2006 and was completed by the end of the year 2009.

Palace Tower 2
Palace Tower 2 is a high-rise building with 24 floors

Palace Tower 2 contains a total of 424 residential units which are available in studio, 1-bedroom and 2-bedroom configurations. It features a range of amenities, such as a fitness club, spa and sauna services, landscaped podium, play area and retail facilities.

Dubai Silicon Oasis is a popular area for renting and buying apartments. It spread over an area of 7.2 million sq. m. with a number of residential and commercial properties and a technology park.

IN A NUTSHELL

  • Type of building: Residential
  • Location: Dubai Silicon Oasis
  • Developer: Tameer Holdings
  • Date of completion: 2009
  • Number of floors: 24
  • Number of units: 424
  • Unit type: Studio, 1-bed and 2-bed
  • Amenities: safe covered parking, CCTV security,
business

BUILDING DETAILS

Facilities in Palace Tower 2

Parking

There is ample space for parking in Palace Tower 2. Each residential unit has an allocated parking spot in the basement levels while visitors can avail street parking outside the building.

Elevators

Palace Tower 2, Dubai Silicon Oasis is equipped with high-speed elevators.

Security, Central Air-Conditioning and Maintenance Services 

The apartment tower is facilitated by 24-hour security and maintenance. Utilities are powered by DEWA while Empower is the district cooling supplier.

Gym and Fitness Facilities 

There is a fully equipped gymnasium in Palace Tower 2 where residents can keep up with their fitness goals. It also has a swimming pool and sauna facilities to get relaxed after the workout session or a hectic schedule.

Lifestyle Amenities

Palace Tower 2 features landscaped podium decks along with a children’s play area. Oasi Rejuve is a medical beauty clinic in the complex offering cosmetic and laser treatments.

Concierge and Guest Services 

Palace Tower 2 offers 24-hour front-desk services. The reception staff in the residential lobby is always there to help.

Apartment Types in Palace Tower 2

Palace Tower 2 offers studio, 1 and 2-bedroom apartments.

Studio Apartments in Palace Tower 2

Studio apartments in Palace Tower 2 span over an area of 460 sq. ft. to 510 sq. ft. The layout of these units involve open kitchens, sleeping plus living room space and glass-door balconies. Each of these studio apartments contains one bathroom with a shower.

1-Bedroom Apartments in Palace Tower 2

The total area of 1-bedroom apartments in Palace Tower 2 varies between 765 sq. ft. and 818 sq. ft. Each of these 1 BHK apartments contains an open kitchen that overlooks the living room. There is one bedroom with a built-in wardrobe and an en-suite bathroom.

2-Bedroom Apartments in Palace Tower 2

The average coverage area of 2-bedroom apartments in Palace Tower 2 is 1,000 q. ft. These units include wardrobes in their master bedrooms, two bathrooms, kitchens, living rooms and balconies.

Apartment TypeAverage Rental Price in AED
Studio42,000
1-Bed55,000
2-Bed80,000
Based on property listings on Bayut.com over the last 12 months. Last updated 2 hours ago
Spacious Fully Furnished Studio | Chiller Free | Dubai Silicon Oasis
Studio ● 1 Bath ● 509.78 sqftAED45,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Min stay 5 nights required!! bring all reasonable offers!!! Exclusive Studio in Silicon Oasis - Palace Tower T2
Studio ● 1 Bath ● 445 sqftAED350dailyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
All bills included!! Fantastic Studio In Palace Tower, DSO
Studio ● 1 Bath ● 490 sqftAED200dailyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Unfurnished/Managed/High Floor/Vacant
Studio ● 1 Bath ● 344 sqftAED40,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
studio
Studio ● 1 Bath ● 470.38 sqftAED38,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
UNFURNISHED | SPACIOUS STUDIO | VACANT ON 23RD SEPTEMBER
Studio ● 1 Bath ● 343.69 sqftAED37,999YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
PAY IN 6 CHEQUES SPACIOUS 1 B/R HALL-PALACE TOWERS AT 55K.
1 Bed ● 2 Baths ● 794 sqftAED55,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
FURNISHED | VACANT | GOOD LOCATION
1 Bed ● 1 Bath ● 793.84 sqftAED55,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
YOUR NEXT HOME | BRIGHT AND SPACIOUS | PRIME LOCATION I WITH BALCONY
1 Bed ● 1 Bath ● 794 sqftAED53,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
12 cheque-Monthly payment acceptable
Studio ● 1 Bath ● 431.31 sqftAED50,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Furnished | Beautiful Studio | Clean Community
Studio ● 1 Bath ● 431 sqftAED58,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
UNFURNISHED STUDIO FOR RENT -PALACE TOWERS
Studio ● 1 Bath ● 470 sqftAED38,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
SUN-DRENCHED| COMMUNITY VIEW| BRIGHT & AIRY
1 Bed ● 1 Bath ● 800 sqftAED55,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Chiller Free | Upgraded Kitchen  | Huge Apartment
1 Bed ● 1 Bath ● 825 sqftAED55,000YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Fully Furnished | Chiller Free | Spacious
1 Bed ● 1 Bath ● 793.84 sqftAED64,999YearlyPalace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
View allarrow_circle_right
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.
Apartment TypeAverage Sales Price in AED
Studio425,000
1-Bed573,000
2-Bed910,000
Based on property listings on Bayut.com over the last 12 months. Last updated 2 hours ago
BEST INVESTMENT - LARGE LAYOUT - WITH BALCONY
Studio ● 1 Bath ● 481.68 sqftAED450,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
HIGH ROI | CHILLER FREE | PRIME LOCATION
2 Beds ● 2 Baths ● 947 sqftAED880,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
RENTED | LARGE UNIT | MID FLOOR | PRIME LOCATION
Studio ● 1 Bath ● 470 sqftAED410,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
INVESTOR DEAL | RENTED | | FURNISHED | STUDIO | FOR SALE | DSO | WITH  BALCONY | CHILLER FREE
Studio ● 1 Bath ● 459 sqftAED449,999Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Fully Furnished | Chiller Free | High Floor | Motivated Seller
Studio ● 1 Bath ● 432 sqftAED519,999Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
RENTED | 2 BEDROOM IN PALACE TOWER | HIGH FLOOR
2 Beds ● 1 Bath ● 1023 sqftAED850,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
FULLY FURNISHED | STUDIO | SALE | PALACE TOWER | RENTED
Studio ● 1 Bath ● 510 sqftAED459,999Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
INVESTOR DEAL/CHILLER FREE BUILDING
Studio ● 1 Bath ● 509 sqftAED460,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
* AMAZING 2 BEDROOM IN PALACE TOWER - T2 - FOR SALE *
2 Beds ● 2 Baths ● 990 sqftAED775,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
High ROI | Expansive lay-out | Elegant Studio| Chiller Free
Studio ● 1 Bath ● 431.31 sqftAED500,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
MID FLOOR | RENTED | STUDIO PALACE TOWER
Studio ● 1 Bath ● 344 sqftAED380,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
FULLY FURNISHED | HIGH ROI | PRIME LOCATION
Studio ● 1 Bath ● 480 sqftAED495,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
CORNER UNIT, VOT, SPACIOUS LAOUT, EXCELLENT VIEW,
2 Beds ● 2 Baths ● 947 sqftAED920,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Well Maintained | Unobstructed View | Corner Unit
2 Beds ● 2 Baths ● 990 sqftAED875,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
Unfurnished 2 BR Apartment | Rented Unit | Well Maintained
2 Beds ● 2 Baths ● 989.96 sqftAED680,000Palace Tower 2, Palace Towers, Dubai Silicon Oasis (DSO), Dubai, UAEApartments
View allarrow_circle_right
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.

Rental Yields in Palace Tower 2

Studio
2-Bed
0%4%8%12%16%20%
Based on searches conducted by users in Bayut.com over the last 12 months. Last updated 2 hours ago

Studio apartments offer the highest ROI in Palace Tower 2 of 10.28%. 2-bedroom flats generate about 8.58% return on investment.

Service Charges in Palace Tower 2

General FundPrice Per Sq. Ft. In AED
Services
info
General upkeep of the building
1.99
Maintenance
info
General repairs and replacements
3.41
Utilities Services
info
Charges for using DEWA/district cooling facilities and meters
2.67
Management Services
info
Owner’s association charges for managing the property
0.93
Insurance
info
Charge for the insurance of the building
0.24
Master Community
info
Fees for communal facilities in the neighbourhood
1.40
Reserved Fund
info
Funds used for major repairs and to help maintain the yearly service charges fees
2.15
Adjustment
info
The difference between the estimated amount charged the previous year vs the actual amount spent
-5.68
Income
info
A credit or debit charge
0.04
Total 7.15
ADDITIONAL SERVICESPRICE PER SQ. FT. IN AED
Unit A/C (Charges) 6.25

These figures are based on the services charges for Palace Tower 2* as per the Dubai Land Department.

There are many different types of Dubai service charges, read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

Dubai Transactions
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NEARBY AMENITIES

Transportation near Palace Tower 2

The key routes for transportation near Palace Tower 2 include Dubai – Al Ain Road (E66) and Academic City Road (D54).

Bus Stations near Palace Tower 2

Residents can catch the nearest buses from Silicon Oasis, Palace Tower Bus station, Silicon Oasis Lake Bus station and Silicon Oasis, Arch Building Bus station. All these bus stations are accessible within a 3-minute walk.

Metro Stations near Palace Tower 2

The nearest Dubai metro stations include Creek Metro Station, Rashidiya Metro Station and Al Jadaf Metro Station. All these stations are located within a 15-minute drive from Palace Tower 2.

Tram Stations near Palace Tower 2

Dubai Marina Mall Tram station and Al Sufouh Tram station are available within 25 minutes, by car.

Restaurants near Palace Tower 2 

Popular restaurants near Palace Tower 2, Dubai Silicon Oasis include:

  • Tomato & Basilico
  • Al Humsani Restaurant

Tomato & Basilico is just a 3-minute walk from the building. It is one of the best restaurants in Dubai Silicon Oasis and serves Pizza and other Italian food items. Al Hamsani Restaurant is a 4-minute drive away. It offers Arabian, Middle Eastern and Lebanese cuisines.

Cafés to enjoy coffee nearby are:

  • Qiso Café
  • Trois Specialty Café
  • Filli Cafe

Filli Cafe is one of the largest cafe chains in Dubai with several branches around the city. The place serves a list of delicious snacks including samosa, chaat, momos, rolls and other similar quick bite options. They also offer karak chai along with other beverages to complement the food. All the above-mentioned cafés are located within an 7-minute drive.

Supermarkets near Palace Tower 2

Supermarkets near Palace Tower 2, Dubai Silicon Oasis include:

  • Choithrams
  • Almaya Supermarket
  • Viva Supermarket

Choithrams in Spring Oasis Tower and Al Maya Supermarket in Silicon Gates 1 are easily accessible for residents within a 2-minute walk. An outlet of Carrefour Supermarket is located in Souk Extra that is a 3-minute drive away. All of these supermarket chains in Dubai stock up all sorts of groceries and household items.

Schools and Nurseries near Palace Tower 2:

Schools and nurseries situated close to Palace Tower 2:

  • Vernus International School
  • The Indian International School
  • GEMS Wellington School
  • Lycee Francais International Elementary School

The area that surrounds Palace Tower 2 has many schools. GEMS Wellington School at a distance of 8 minutes walk is the most reputed nearby school. The institute offers British education from Foundation Stage to 13 years. With a US-based curriculum, Vernus International School at a distance of 4 minutes drive is also a nice option. The Indian International School is also reachable within 4 minutes of driving and offers an Indian curriculum to students.

NEARBY BUILDINGS

Buildings located close to Palace Tower 2, DSO, Dubai:

Palace Tower 2, Dubai is surrounded by other residential buildings including Silicon Gates 1, Spring Oasis Tower and Cordoba Palace. All these apartment buildings are 2 to 4-minutes away from the apartment tower.

Major Landmarks

Following are some of the notable landmarks near Palace Tower 2, Dubai:

Ras Al Khor Wildlife Sanctuary birds
Ras Al Khor Wildlife Sanctuary has a wide collection of flora and fauna

DSO Lake Park is a public park spans over an area of 35,000 sq. m. The park features a children’s play area, outdoor gym, cycling track and a skate park. It also has climbing frames and a sandpit for toddlers. Meydan Grandstand and Racecourse is an ultimate venue for horse racing in the emirate. It has a turf track, dirt track, five-star hotel and parking space for 8,600 cars. The racecourse can accommodate 80,000 people at a time.

THINGS TO CONSIDER

Palace Tower 2 provides an ideal opportunity for people looking for affordable apartments. The building gives access to several amenities in Dubai Silicon Oasis and the neighbouring communities. In addition to being next to a commercial tower, it has both fitness and lifestyle amenities for a balanced lifestyle. However, the building does not have 3 and 4-bedroom units for those looking for bigger homes.

FAQs

What type of apartments are available in Palace Tower 2?

There are studios, 1-bed and 2-bed apartments in Palace Tower 2.

Is Palace Tower 2 a part of a complex building?

Yes, Palace Tower 2 is a part of a residential complex that has 2 buildings.

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