2-bed · 1,414 sqftSiraj Tower, Arjan · 16th floor · completed 2014

1610, Siraj Tower

Sold prices and rental history: sold once, by the developer in May 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1610 · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 1.21M10 May 2024
Current rentAED 65K /yr4 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1610, Siraj Tower

What is 1610 worth today?

Last sold for AED 1,210,300 in 2024

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10 May 2024Sold by developerReady
AED 1,210,300AED 855 per sqft
4 Mar 2022RentedNew contract
AED 65,000/yr6 months · AED 46 per sqft
19 Jan 2022RentedNew contract
AED 56,267/yr18 months · AED 40 per sqft
13 Jun 2020RentedRenewal
AED 72,000/yr12 months · AED 51 per sqft
13 Jun 2019RentedNew contract
AED 85,500/yr12 months · AED 60 per sqft
28 Nov 2017RentedNew contract
AED 81,500/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 10 May 2024.

Key facts

Type
2-bed apartment
Size
1,414 sqft
Floor
16th of 30
Parking
B1-19
Developer
Al Madar Investment
Completed
2014
Service charge
AED 13,900 /yr
Last sold
AED 1.21M · May 2024
Building
Siraj Tower

About 1610, Siraj Tower

1610 is a two-bedroom apartment of 1,414 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 10 May 2024 for AED 1,210,300, or AED 855 per sqft, in line with the AED 855 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 4 March 2022, is AED 65,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 13,900 a year.

Sales and rents for 1610 over time

Sales
Unit 1610, each saleTypical two-bed in Siraj Tower
1.2M1.4M2009201420192024Typical sale price by year: 2009 AED 1,436,357; 2024 AED 1,300,000; 2025 AED 1,450,000; 2026 AED 1,500,000Sold by developer, May 2024: AED 1,210,300 (AED 855 per sqft)

1610 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1610, each contractTypical two-bed in Siraj Tower
50K75K100K2016201920222025Typical rent by year: 2016 AED 91,000; 2017 AED 91,000; 2018 AED 86,250; 2019 AED 82,000; 2020 AED 72,000; 2021 AED 64,000; 2022 AED 64,500; 2023 AED 67,200; 2024 AED 74,074; 2025 AED 102,000; 2026 AED 103,000New contract, November 2017: AED 81,500 a yearNew contract, June 2019: AED 85,500 a yearRenewal, June 2020: AED 72,000 a yearNew contract, January 2022: AED 56,267 a yearNew contract, March 2022: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Siraj Tower, and where 1610 sits

All 58 2-beds →

1610 last sold in May 2024 at AED 855 per sqft, in line with what two-beds in Siraj Tower were fetching at the time (AED 855). Over the last 12 months two-beds sold for AED 1,450,000 to 1,570,000, around AED 1,045 per sqft, and rent for AED 90,000 to 120,000 a year. 1610's AED 65,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Oct 20261,570,000
19 Jun 20261,450,000
17 Feb 20261,500,000
9 Dec 20251,451,000
5 2-bed sales in the last 12 months

Siraj Tower

Building

367 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%
Siraj Tower, Arjan: prices, sales and rents →

Other units on the 16th floor

All 367 units in Siraj Tower
Value
16011-bedAED 930K · Oct 2024
1602StudioAED 481K · Apr 2009
1603StudioAED 485K · Apr 2009
1604StudioAED 410K · Mar 2023
1605StudioAED 485K · Apr 2009
1606StudioAED 560K · Mar 2026
1607StudioAED 480K · Dec 2016
1–7 of 12

1610, Siraj Tower in numbers

  • Sold once: by Al Madar Investment on 10 May 2024 for AED 1,210,300, or AED 855 per sqft.
  • Rented since November 2017 on 5 Ejari contracts. The rent fell from AED 81,500 to AED 56,267 in 2022 and recovered to AED 65,000 by March 2022.
  • At AED 65,000 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 13,900 a year (AED 9.86 per sqft).
  • Two-beds in Siraj Tower sold for AED 1,450,000–1,570,000 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 10 May 2024.

Questions about 1610, Siraj Tower

What did unit 1610 last sell for?

AED 1,210,300 on 10 May 2024, sold by the developer: AED 855 per sqft for 1,414 sqft. It is the only registered sale of the unit.

What is the rent for unit 1610?

AED 65,000 a year on the contract signed on 4 March 2022. The previous contract, from January 2022, was AED 56,267; the unit has been rented since November 2017.

How big is unit 1610?

1,414 sqft (131.4 sqm): a two-bedroom apartment on the 16th floor of a 30-storey tower completed in 2014.

What is unit 1610 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Siraj Tower sold for AED 1,450,000 to 1,570,000 in the last 12 months, around AED 1,045 per sqft.

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Mortgage on 1610, Siraj Tower

Starts from the last sale price (AED 1.21M, 10 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,210,300
Deposit, UAE resident (20%)
AED 242,060
Deposit, non-resident (40%)
AED 484,120
Monthly over 25 years at 3.7%
AED 4,952

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →