Palace Towers, DSO

Palace Towers is a mixed-use complex in Dubai Silicon Oasis consisting of two high-rise buildings. One is referred to as Palace Tower 1, which is a 27-storey commercial building. The other is a 24-floor residential building called Palace Tower 2.

Palace Towers, Silicon Oasis was developed by Tameer Holding Investments, while its design has been done by Al Hashemi architects. The construction of the project started in 2007 and it was completed in 2009. The exterior design of Palace Towers buildings features a blend of neo-classical and postmodern architecture. The commercial building consists of 150 offices, whereas the residential tower features 424 apartments. Housing 17 retail units, the project also features a total retail area of 33,000 sq. ft. spread across the ground level. Palace Towers features a range of facilities, such as a fitness club, a swimming pool, play area and spa services. In addition to being situated opposite Academic City, the complex also houses an educational institute called British Orchard Nursery.

A holistic community, Dubai Silicon Oasis is free-zone urban development situated at the gateway to ‘New Dubai’. Ranking among the top five areas of the city, its popularity for renting apartments is clearly reflected through Bayut’s Market Report for 2020. This 7.2 million sq. m. large technology park hosts a number of commercial properties as well as a variety of accommodations.

• Type of building: Residential
• Location: Dubai Silicon Oasis
• Developer: Tameer Holding Investments
• Number of floors: Tower 1 (27), Tower 2 (24)
• Number of units: 424 apartments, 150 office spaces
• Unit type: Studio, 1 and 2-bedroom apartments
• Type of ownership: Freehold
• Amenities: Gymnasium, swimming pool, kids’ play area, landscaped podium decks, sauna facilities

Parking facility in Palace Towers, Silicon Oasis features underground parking spots for tenants in the buildings. There are also multiple empty spaces outside where visitors can park their vehicles.

Each of the two Palace Towers, Dubai buildings is served by six high-speed elevators.

Both buildings of Palace Towers are facilitated by 24-hour security, cooling and electricity backup systems. All non-private areas of the complex are equipped with CCTV security. Additionally, the security staff takes rounds in guarding the main entrances.

An exceptional facility in Palace Towers, Silicon Oasis is the fitness club which comprises three gyms. Residents, as well as office tenants, can keep up with their fitness regime at one of these high-tech gyms.

The Palace Towers, Silicon Oasis complex features a luxury swimming pool on the terrace. For professional spa services, residents, office tenants as well as visitors can visit Oasi Rejuve in Tower 2. The landscaped common terrace on the extensive podium deck offers an ideal leisure retreat for children. It has a kids’ play area and a vast space for children to run around.

Both the towers in the complex have separate entrances. Offering 24-hour front-desk services, there is a helpful reception staff that sits in the residential lobby as well as in the office lobby.

Whether for rent or for sale, the residential properties in Palace Towers, Silicon Oasis offer a choice of spacious studios of various sizes as well as 1BHK and 2BHK apartments with contemporary layouts.

Studio apartments in Palace Towers, Silicon Oasis come with areas ranging from 396 sq. ft. to 588 sq. ft. These flats feature entrances that open into a corridor-style kitchenettes. With a bathroom accessible after a few steps, the corridor leads to the bedroom plus living room space. The studios also have a glass-door balcony.

The coverage areas for 1-bedroom apartments vary between 793 sq. ft. and 952 sq. ft. Each 1BHK flat contains an open kitchen that overlooks the living room. The bedroom includes sliding-door wardrobes, while the bathroom has a bathtub.

The coverage area for 2-bedroom flats in Palace Towers, Silicon Oasis range between 990 sq. ft. and 1,145 sq. ft. Each 2-bed flat typically has two bathrooms and includes an L-shaped kitchen, a living room and a balcony.

Palace Tower 1 is a 27-storey commercial building with many office spaces for both rent and sale. All of them are available in fitted conditions. The minimum sizes of these offices starts from 1,700 sq. ft. while the largest office spaces available for rent in the building is of 6,200 sq. ft. Most of the offices are fully upgraded with wooden partitions, pantries, bathrooms , meeting rooms and reception areas. Some of the units have glass partitions. One can also find connected office spaces in Palace Tower 1. These are ideal for medium sized businesses with multiple departments.

The service charges for the commercial units in Palace Towers, DSO are as follow:

Following is the service charges table for the residential units in Palace Towers, Silicon Oasis

These figures are based on the services charges for Palace Towers, Silicon Oasis* 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.

Bus service users won’t face any issues as there are multiple bus stations near Palace Towers, Silicon Oasis that are located over a three-minute walk. Residents who don’t own a driving license or a vehicle have the option of using taxi services instead. The key routes for transportation near Palace Towers include Academic City Road (D54) and Dubai – Al Ain Road (E66).

Palace Towers, Silicon Oasis have two bus stations with its name. These are located just outside the complex and form a route for buses 320 and X25. Silicon Oasis Lake 1 and Silicon Oasis SIT Tower 2 are the other two options available at a 4-minute walking distance.

There are no metro stations within immediate vicinity. However, people can take a 14-minute drive to Rashidiya Metro station to take a metro train from there. They can keep their cars safe at the station’s free parking facility.

Palace Towers, Silicon Oasis is surrounded by multiple restaurants and cafes with both budget-friendly and upscale dining options. However, if you are looking for the best places to eat out, you can consider the following top restaurants in DSO.

• My Home Kitchen
• Copper Kettle
• The Monk

If you are looking for a healthy option, you can find Healthy Fusion, Health and Diet and Circle Cafe within a few minutes’ drive. There are many outlets within a 10-minute drive offering fast foods such as McDonalds, New York Fries, Hardees and Popeyes. For an exceptional dining experience with your partner, friends or family, you can book a private table at anyone of the following restaurants:

• Gaia
• Shanghai Me
• Il Borro
• Wakame

These are the top restaurants in Dubai with private dining options. Also, they offer a table with a price quote of less than AED 300 per person. If you are willing to spend more than AED 300 per person for the table, you can consider other options such as At.Mosphere and Zuma.

Residents of Palace Towers, Silicon Oasis can checkout the top grocery stores and supermarkets in DSO where they can find all the household essentials at a very reasonable price. Some nearest ones include:

• Choithrams
• Jannath Al Madeena grocery
• Al Maya Supermarket

Choithrams in Spring Oasis Tower and Al Maya in Silicon Gates 1 are two nearby stores that are easily accessible on foot. For more deals and promotions, you can head to Carrefour located in Binghatti Terraces, 7-minute away by car,

• Silicon Oasis Tower
• Silicon Gates 4
• Iliyaa 3 Building

Palace Towers, Silicon Oasis have many residential buildings in the vicinity offering affordable apartments for rent in DSO. Most of the buildings in the area offer studios to 3-bedroom flats with their average annual rents lying between AED 25k and AED 79k. Silicon Gates, Axis Residence, La Vista Residence and Arabian Gates have many flats for rent. Apart from that, they are also one of the popular buildings for buying flats in DSO, with high return on investments. which is around 7.5%.

• Silicon Park
• Miracle Garden
• Desert Palm Polo Club

Palace Towers, Silicon Oasis have many parks in the vicinity, providing green spaces for unwinding. Silicon Park and Desert Palm Polo Club are both reachable within a 15-minute drive from the building. Dubai Miracle Garden which is a haven for the nature lovers is accessible within a 16-minute drive. You can also find Dubai Autodrome and Plantation Equestrian and Polo Club near the garden.

Palace Towers Silicon Oasis location makes it close to entertainment spots like IMG World of Adventure and Global Village within a 15-minute drive. The famous Dragon Mart is also just an 11-minute drive away, where you can shop, eat or watch a movie at their cinema.

Considering the facilities offered in Palace Towers, Silicon Oasis, it is a top-notch project with a comfortable living and working environment. You can keep yourself fit with its fitness club while unwind at the landscaped podium decks. However, there are multiple undergoing construction projects in the vicinity which may cause noise pollution to people living in Dubai Silicon Oasis.

WHERE IS PALACE TOWERS LOCATED?

Palace Towers is located in Dubai Silicon Oasis.

WHAT TYPES OF PROPERTIES ARE AVAILABLE IN PALACE TOWERS?

It is a mixed-use building offering apartments and office spaces.