3-bed · 2,015 sqftSiraj Tower, Arjan · 16th floor · completed 2014

1611, Siraj Tower

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

Unit 1611 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.93M1 November 2024
Current rentAED 90K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1611, Siraj Tower

What is 1611 worth today?

Last sold for AED 1,931,000 in 2024

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1 Nov 2024Sold by developerReady
AED 1,931,000AED 958 per sqft
1 Sep 2023RentedRenewal
AED 90,405/yr12 months · AED 45 per sqft
1 Sep 2022RentedRenewal
AED 86,100/yr12 months · AED 43 per sqft
1 Aug 2021RentedNew contract
AED 82,001/yr13 months · AED 41 per sqft
15 Apr 2019RentedNew contract
AED 100,000/yr12 months · AED 50 per sqft
15 Oct 2017RentedNew contract
AED 115,500/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
3-bed apartment
Size
2,015 sqft
Floor
16th of 30
Parking
B1-18
Developer
Al Madar Investment
Completed
2014
Service charge
AED 19,900 /yr
Last sold
AED 1.93M · November 2024
Building
Siraj Tower

About 1611, Siraj Tower

1611 is a three-bedroom apartment of 2,015 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 1 November 2024 for AED 1,931,000, or AED 958 per sqft, 8% above the AED 884 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 90,405 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 19,900 a year.

Sales and rents for 1611 over time

Sales
Unit 1611, each saleTypical three-bed in Siraj Tower
1.8M2M2024202520262027Typical sale price by year: 2024 AED 1,780,000; 2025 AED 2,025,000; 2026 AED 2,100,000Sold by developer, November 2024: AED 1,931,000 (AED 958 per sqft)

1611 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1611, each contractTypical three-bed in Siraj Tower
100K150K2016201920222025Typical rent by year: 2016 AED 135,000; 2017 AED 115,500; 2018 AED 110,000; 2019 AED 100,000; 2020 AED 83,500; 2021 AED 82,001; 2022 AED 83,500; 2023 AED 89,625; 2024 AED 98,248; 2025 AED 140,000; 2026 AED 125,000New contract, October 2017: AED 115,500 a yearNew contract, April 2019: AED 100,000 a yearNew contract, August 2021: AED 82,001 a yearRenewal, September 2022: AED 86,100 a yearRenewal, September 2023: AED 90,405 a year

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

3-beds in Siraj Tower, and where 1611 sits

All 29 3-beds →

1611 last sold in November 2024 at AED 958 per sqft, 8% above what three-beds in Siraj Tower were fetching at the time (AED 884). Over the last 12 months three-beds sold for AED 1,950,000 to 2,200,000, around AED 1,030 per sqft, and rent for AED 60,000 to 160,000 a year. 1611's AED 90,405 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
13 Oct 20262,150,000
6 Oct 20262,100,000
10 Aug 20262,050,000
11 Jun 20262,200,000
8 3-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

1611, Siraj Tower in numbers

  • Sold once: by Al Madar Investment on 1 November 2024 for AED 1,931,000, or AED 958 per sqft.
  • Rented since October 2017 on 5 Ejari contracts. The rent fell from AED 115,500 to AED 82,001 in 2021 and recovered to AED 90,405 by September 2023.
  • At AED 90,405 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 19,900 a year (AED 9.86 per sqft).
  • Three-beds in Siraj Tower sold for AED 1,950,000–2,200,000 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 1 November 2024.

Questions about 1611, Siraj Tower

What did unit 1611 last sell for?

AED 1,931,000 on 1 November 2024, sold by the developer: AED 958 per sqft for 2,015 sqft. It is the only registered sale of the unit.

What is the rent for unit 1611?

AED 90,405 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 86,100; the unit has been rented since October 2017.

How big is unit 1611?

2,015 sqft (187.2 sqm): a three-bedroom apartment on the 16th floor of a 30-storey tower completed in 2014.

What is unit 1611 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Siraj Tower sold for AED 1,950,000 to 2,200,000 in the last 12 months, around AED 1,030 per sqft.

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Mortgage on 1611, Siraj Tower

Starts from the last sale price (AED 1.93M, 1 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,931,000
Deposit, UAE resident (20%)
AED 386,200
Deposit, non-resident (40%)
AED 772,400
Monthly over 25 years at 3.7%
AED 7,900

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