1601, Siraj Tower
Sold prices and rental history: sold once, by the developer in October 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Siraj Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 11 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 858 sqft
- Floor
- 16th of 30
- Parking
- B1-21
- Developer
- Al Madar Investment
- Completed
- 2014
- Service charge
- AED 8,500 /yr
- Last sold
- AED 930K · October 2024
- Building
- Siraj Tower
About 1601, Siraj Tower
1601 is a one-bedroom apartment of 858 sqft on the 16th floor of Siraj Tower, a 30-storey tower in Arjan completed in 2014 by Al Madar Investment. The developer sold it on 11 October 2024 for AED 930,000, or AED 1,083 per sqft, 10% above the AED 982 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 47,250 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 8,500 a year.
Sales and rents for 1601 over time
1601 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Siraj Tower, and where 1601 sits
All 113 1-beds →1601 last sold in October 2024 at AED 1,083 per sqft, 10% above what one-beds in Siraj Tower were fetching at the time (AED 982). Over the last 12 months one-beds sold for AED 800,000 to 1,050,000, around AED 1,109 per sqft, and rent for AED 38,000 to 89,519 a year. 1601's AED 47,250 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 814 sqft | 800,000 | 982 | ||
| 10 Jul 202610 July 2026 | 860 sqft | 1,000,000 | 1,163 | ||
| 17 Jun 202617 June 2026 | 857 sqft | 850,000 | 992 | ||
| 4 May 20264 May 2026 | 811 sqft | 800,000 | 986 |
Siraj Tower
Building367 apartments, studios to 3-bed over 30 floors in Arjan, completed in 2014 by Al Madar Investment. 64 sold in the last 12 months.
- Typical price per sqft
- AED 1,168 Up 8.6%
- Typical sale
- AED 825K
- Typical rent
- AED 47K /yr
- Typical yield
- 7.8%
Other units on the 16th floor
All 367 units in Siraj Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | Studio | 415 sqft | AED 481KAED 481,350 · Apr 2009April 2009 | 50,000 /yr | |
| 1603 | Studio | 415 sqft | AED 485KAED 484,876 · Apr 2009April 2009 | ||
| 1604 | Studio | 412 sqft | AED 410KAED 410,000 · Mar 2023March 2023 | 45,000 /yr | |
| 1605 | Studio | 412 sqft | AED 485KAED 484,876 · Apr 2009April 2009 | 40,000 /yr | |
| 1606 | Studio | 415 sqft | AED 560KAED 560,000 · Mar 2026March 2026 | 45,000 /yr | |
| 1607 | Studio | 415 sqft | AED 480KAED 480,000 · Dec 2016December 2016 | 30,000 /yr | |
| 1608 | 1-bed | 858 sqft | AED 913KAED 913,000 · May 2025May 2025 | 72,000 /yr | |
| 1609 | 1-bed | 811 sqft | AED 705KAED 705,152 · Jun 2016June 2016 | 65,000 /yr | |
| 1610 | 2-bed | 1,414 sqft | AED 1.21MAED 1,210,300 · May 2024May 2024 | 65,000 /yr | |
| 1611 | 3-bed | 2,015 sqft | AED 1.93MAED 1,931,000 · Nov 2024November 2024 | 90,405 /yr | |
| 1612 | 2-bed | 1,414 sqft | AED 1.27MAED 1,274,000 · Jul 2024July 2024 | 66,675 /yr | |
| 1613 | 1-bed | 811 sqft | AED 400KAED 400,000 · Aug 2016August 2016 | 61,000 /yr |
1601, Siraj Tower in numbers
- Sold once: by Al Madar Investment on 11 October 2024 for AED 930,000, or AED 1,083 per sqft.
- Rented since August 2016 on 7 Ejari contracts. The rent fell from AED 64,500 to AED 42,500 in 2021 and recovered to AED 47,250 by August 2023.
- At AED 47,250 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 8,500 a year (AED 9.86 per sqft).
- One-beds in Siraj Tower sold for AED 800,000–1,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,168 per sqft.
Source: Dubai Land Department. Updated 11 October 2024.
Questions about 1601, Siraj Tower
What did unit 1601 last sell for?
AED 930,000 on 11 October 2024, sold by the developer: AED 1,083 per sqft for 858 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 47,250 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 45,000; the unit has been rented since August 2016.
How big is unit 1601?
858 sqft (79.7 sqm): a one-bedroom apartment on the 16th floor of a 30-storey tower completed in 2014.
What is unit 1601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Siraj Tower sold for AED 800,000 to 1,050,000 in the last 12 months, around AED 1,109 per sqft.
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Mortgage on 1601, Siraj Tower
Starts from the last sale price (AED 930K, 11 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 930,000
- Deposit, UAE resident (20%)
- AED 186,000
- Deposit, non-resident (40%)
- AED 372,000
- Monthly over 25 years at 3.7%
- AED 3,805
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →