1-bed · 648 sqftAhad Residences, Business Bay · 16th floor · completed 2023

1613, Ahad Residences

Sold prices and rental history: sold twice, last in January 2024, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1613 · DLD and Ejari recordsUpdated 24 August 2024
Last soldAED 1.55M15 January 2024
Current rentAED 110K /yr24 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1613, Ahad Residences

What is 1613 worth today?

Last sold for AED 1,550,000 in 2024

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24 Aug 2024RentedNew contract
AED 110,000/yr12 months · AED 170 per sqft
15 Jan 2024SoldReady
AED 1,550,000AED 2,392 per sqft
26 May 2022Sold by developerOff-plan
AED 1,119,632AED 1,710 per sqft

Source: Dubai Land Department. Updated 24 August 2024.

Key facts

Type
1-bed apartment
Size
648 sqft
Floor
16th of 30
Parking
B3-15
Developer
Ahad Real Estate Development
Completed
2023
Service charge
AED 11,700 /yr
Last sold
AED 1.55M · January 2024

About 1613, Ahad Residences

1613 is a one-bedroom apartment of 648 sqft on the 16th floor of Ahad Residences, a 30-storey tower in Business Bay completed in 2023 by Ahad Real Estate Development . It last sold on 15 January 2024 for AED 1,550,000, or AED 2,392 per sqft, 32% above the AED 1,813 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 August 2024. The current contract, signed on 24 August 2024, is AED 110,000 a year: a gross yield of 7.1% on the 2024 price, before the service charge of about AED 11,700 a year.

Sales and rents for 1613 over time

Sales
Unit 1613, each saleTypical one-bed in Ahad Residences
1M1.5M2M202220242026Typical sale price by year: 2022 AED 1,398,338; 2023 AED 1,645,369; 2024 AED 1,730,000; 2025 AED 1,917,500; 2026 AED 1,750,000Sold by developer, May 2022: AED 1,119,632 (AED 1,710 per sqft)Sold, January 2024: AED 1,550,000 (AED 2,392 per sqft)

1613 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1613, each contractTypical one-bed in Ahad Residences
110K115K120K2024202520262027Typical rent by year: 2024 AED 120,000; 2025 AED 120,000; 2026 AED 115,000New contract, August 2024: AED 110,000 a year

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

1-beds in Ahad Residences, and where 1613 sits

All 227 1-beds →

1613 last sold in January 2024 at AED 2,392 per sqft, 32% above what one-beds in Ahad Residences were fetching at the time (AED 1,813). Over the last 12 months one-beds sold for AED 405,000 to 2,265,000, around AED 2,233 per sqft, and rent for AED 73,620 to 180,000 a year. 1613's AED 110,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Oct 20261,800,000
13 Oct 20262,000,000
9 Oct 20262,100,000
16 Sep 20262,080,000
22 1-bed sales in the last 12 months

Ahad Residences

Building

347 apartments, studios to 3-bed over 30 floors in Business Bay, completed in 2023 by Ahad Real Estate Development . 29 sold in the last 12 months.

Typical price per sqft
AED 2,260 Down 8.6%
Typical sale
AED 1.9M
Typical rent
AED 115K /yr
Typical yield
6.5%
Ahad Residences, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 347 units in Ahad Residences
Value
16011-bedAED 1.87M · May 2024
16021-bedAED 1.78M · Jan 2025
16031-bedAED 1.09M · May 2022
16041-bedAED 1.77M · Jun 2024
16051-bedAED 1.6M · Jul 2024
16061-bedAED 1.62M · Aug 2022
16071-bedAED 1.9M · Jan 2024
1–7 of 13

1613, Ahad Residences in numbers

  • Sold twice: first on 26 May 2022 for AED 1,119,632, last on 15 January 2024 for AED 1,550,000 (AED 2,392 per sqft).
  • Rented since August 2024 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 7.1%, before a service charge of about AED 11,700 a year (AED 17.98 per sqft).
  • One-beds in Ahad Residences sold for AED 405,000–2,265,000 in the 12 months to November 2026; the building's median across all types is AED 2,260 per sqft.

Source: Dubai Land Department. Updated 24 August 2024.

Questions about 1613, Ahad Residences

What did unit 1613 last sell for?

AED 1,550,000 on 15 January 2024: AED 2,392 per sqft for 648 sqft. The unit has 2 registered sales; the first was AED 1,119,632 in May 2022.

What is the rent for unit 1613?

AED 110,000 a year on the contract signed on 24 August 2024.

How big is unit 1613?

648 sqft (60.2 sqm): a one-bedroom apartment on the 16th floor of a 30-storey tower completed in 2023.

What is unit 1613 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ahad Residences sold for AED 405,000 to 2,265,000 in the last 12 months, around AED 2,233 per sqft.

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Mortgage on 1613, Ahad Residences

Starts from the last sale price (AED 1.55M, 15 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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