Palacio Tower, Dubai Silicon Oasis
About Palacio Tower, Silicon Oasis
Palacio Tower is a 15-storey residential building in Dubai Silicon Oasis. The development stands 61 metres tall and features 326 apartment units ranging from studios to 3-bedroom apartments. The mid-rise project is nestled between Sheikh Mohammed Bin Zayed Road and Dubai-Al Ain Road. The tower reached its completion in 2012 and was designed by the renowned engineering and architectural consultant, ARC International. The project is developed by Abdul Salam M Rafi Saeed Group.
Palacio Tower, also known as The Palacio, enjoys a favourable location in Dubai Silicon Oasis. The tower is in proximity to several restaurants and retail stores. The residents can also make use of the common facilities provided within the building. These include an equipped gym, a large swimming pool, Jacuzzi and sauna. Round-the-clock front desk and 24-hour security are also provided in the tower. The apartment units in the development feature modern finishing, built-in wardrobes, spacious rooms and sizable balconies.
Nestled in the suburban district of Dubai Silicon Oasis, Palacio Tower is a short drive away from Dubai International Airport, Dubai Academic City and International City. The tower is close to various renowned educational institutes, thanks to the neighbouring Academic City. Furthermore, the mega shopping centres, City Centre Mirdif, Dragon Mart and Desert Palm Polo Club are a short drive away. According to Bayut’s end of year market report 2019, apartments for rent in Dubai Silicon Oasis are in demand.
IN A NUTSHELL
- Located in Dubai Silicon Oasis
- Nestled between the intersection of Sheikh Mohammed Bin Zayed Road and Dubai-Al Ain Road
- A mid-rise 15-storey building
- 3 levels of basement parking
- Features 326 apartments in studio, 1, 2 and 3-bedroom configurations
- Completed in 2012
- Features separate swimming pools for adults and children
- Pet-friendly building
- Features retail spaces including a restaurant and a supermarket
- Numerous restaurants are in proximity
- Easy access to bus stops
- Dubai Academic City is a short drive away
- Quick access to Emirates Road
Facilities in Palacio Tower, Silicon Oasis
There are 3 levels of basement parking in Palacio Tower. In most cases, one parking space is allotted to each unit.
There are multiple high-speed elevators in Palacio Tower.
Security, Central Air-Conditioning and Maintenance Services
There is a 24-hour security system in the tower along with regular maintenance services. Residents would have to pay yearly chiller/cooling charges depending on their contract.
Gym and Fitness Facilities
The state-of-the-art gym in Palacio Tower is well-equipped, providing residents with a chance to make the most of a great workout session. Other facilities for residents include a sauna and Jacuzzi.
Palacio Tower has lifestyle amenities including an outdoor swimming pool, a kid’s pool and a kid’s play area.
Concierge and Guest Services
The building offers a 24-hour front desk service for residents and for the guests. Visitors can park their cars outside the building as Dubai Silicon Oasis has paid parking lots within the community. The parking generally costs around AED 4 per hour.
Apartment Types in Palacio Tower, Silicon Oasis
Palacio Tower offers apartments in studio, 1 to 3-bedroom configurations. The units feature spacious balconies and most come with built-in wardrobes.
Studio Apartments in Palacio Tower
The covered area for studio apartments starts at 450 sq. ft. Along with a bathroom and kitchen, these units have walk-in closets. Many apartments also offer pool views through the balconies.
1-Bedroom Apartments in Palacio Tower
1-bedroom apartments in Palacio Tower have an average covered area of 750 sq.ft. The units feature furnished kitchens and en-suite bathrooms with spacious bedrooms and balconies.
2-Bedroom Apartments in Palacio Tower
2-bedroom apartments in Palacio Tower feature en-suite bathrooms, furnished kitchens, sizeable balconies and expansive living areas.
3-Bedroom Apartments in Palacio Tower
The covered areas for 3-bedroom apartments are more than 1,400 sq. ft. The spacious units have well-equipped kitchens, en-suite bathrooms, built-in wardrobes and large living areas. Many apartments are furnished and some also come with white goods.
Most Popular Apartment Types in Palacio Tower
Based on searches conducted by users on Bayut.com over the past 12 months
1-bedroom apartments are the most popular apartment types in Palacio Tower. 2-bedroom apartments get the second spot while studio flats get the third position. 3-bedroom apartments are the least popular apartment types in the building.
Rental Trends in Palacio Tower, Silicon Oasis
- The average rental price for studio apartments in Palacio Tower is AED 29k.
- 1-bedroom apartments in Palacio Tower can be rented for AED 40k.
Rental apartments in DSO attract a lot of tenants and apartments for rent in Palacio Tower are no different.
Sales Trends in Palacio Tower, Silicon Oasis
The investors and expats will find apartments for sale in Palacio Tower a good deal as they are spacious compared to similar Dubai Silicon Oasis apartments for sale.
- Some 1-bedroom apartments also come with built-in wardrobes and extra space in the bedroom.
Transportation near Palacio Tower
There are numerous modes of transportation near Palacio Tower. Taxis are also readily available in the neighbourhood.
Bus Stations near Palacio Tower
There are several bus stops within walking distance from Palacio Tower. These include Silicon Oasis 3 – 1, Silicon Oasis 5 – 1 and Silicon Oasis 2 – 2. Buses 366 and X25 service the stops in their respective routes and take the passengers to Rashidiya Metro Bus Parking – 01 and Al Karama Bus Station – 02.
Metro Stations near Palacio Tower
Rashidiya Metro Station is a 16-minute drive away from Palacio Tower, DSO.
Restaurants near Palacio Tower
Popular restaurants near Palacio Tower are:
- Copper Kettle Restaurant
- Café Silicon Oasis
- Tomato and Basilico
A South Asian eatery, Copper Kettle Restaurant is located on the ground floor of Palacio Tower, Dubai Silicon Oasis. The restaurant is known for serving Indian and Pakistani cuisine.
Café Circle Silicon Oasis is a 3-minute walk from Palacio Tower. Located in Park Avenue, the café offers an extensive menu including vegan dishes. Apart from these, an Italian restaurant Tomato & Basilico, Taste of Bosnia, The Kebab Shop, Snooker Sports Café and Baskin Robbins are also situated just around the corner.
Supermarkets near Palacio Tower
Supermarkets near Palacio Tower include:
- Zaal Supermarket
- Al Madina Mart
- Choithram Market
Zaal supermarket and Chtoura Butcher Shop are in Palacio Tower, which allows the residents to buy daily grocery without having to step out of the building. There are several other supermarkets near Palacio Tower.
Al Madina Mart is a 2-minute walk away from the tower.
There is a Choithrams in Spring Oasis Tower which the residents can reach within 10 minutes on foot.
TIMEPLUS Supermarket is also a 10-minute walk away from Palacio Tower, Silicon Oasis. Health Expert Pharmacy and Medicure Pharmacy can also be reached quickly if needed.
There are many residential buildings near Palacio Tower.
- Platinum Residence 1
- Omis Tower DSO
- Binghatti Diamonds
Palacio Tower is situated next to Platinum Residence 1, Omis Tower DSO and Binghatti Diamond apartment buildings.
- Dubai Outlet Mall
- Global Village
- IMG Worlds of Adventure
Palacio Tower is a short drive away from Academic City, where multiple renowned educational institutes are established. The building stands near the intersection of Sheikh Mohammed Bin Zayed Road and Dubai-Al Ain Road while being close to Emirates Road. Dubai Men’s College is an 8-minute drive.
Dubai Outlet Mall is also a 10-minute drive away from the tower. It is a go-to shopping destination for those in search of amazing discounts on branded apparel and accessories.
Global Village can also be found an 11-minute drive away from Palacio Towers. It is one of the largest entertainment destinations in the city offering a wide range of dining and retail options.
Then there is IMG Worlds of Adventure, an indoor amusement park. The park features multiple roller coaster rides and dining options. IMG Worlds of Adventure is a 15-minute drive away from the residential building.
THINGS TO CONSIDER
Palacio Tower offers well-designed apartments ranging from studios to 3-bedroom units. Residents can find various facilities within the tower and there are restaurants, retail stores and educational institutes at a short drive.