1-bed · 975 sqftNoura Tower, Business Bay · 16th floor · completed 2022

1607, Noura Tower

Sold prices and rental history: sold twice, last in September 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1607 · DLD and Ejari recordsUpdated 18 September 2023
Last soldAED 1.85M18 September 2023
Current rentAED 33K /yr15 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1607, Noura Tower

What is 1607 worth today?

Last sold for AED 1,850,000 in 2023

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18 Sep 2023SoldReady
AED 1,850,000AED 1,897 per sqft
15 Dec 2021RentedRenewal
AED 33,037/yr22 months · AED 34 per sqft
15 Dec 2020RentedNew contract
AED 73,000/yr12 months · AED 75 per sqft
15 Dec 2019RentedNew contract
AED 80,000/yr12 months · AED 82 per sqft
11 Jun 2017Sold by developerOff-plan
AED 1,804,305AED 1,850 per sqft

Source: Dubai Land Department. Updated 18 September 2023.

Key facts

Type
1-bed apartment
Size
975 sqft
Floor
16th of 68
Parking
L1-77
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 15,100 /yr
Last sold
AED 1.85M · September 2023
Building
Noura Tower

About 1607, Noura Tower

1607 is a one-bedroom apartment of 975 sqft on the 16th floor of Noura Tower, a 68-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. It last sold on 18 September 2023 for AED 1,850,000, or AED 1,897 per sqft, in line with the AED 1,845 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 15 December 2021, is AED 33,037 a year: a gross yield of 1.8% on the 2023 price, before the service charge of about AED 15,100 a year.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical one-bed in Noura Tower
1.5M2M2016201920222025Typical sale price by year: 2016 AED 1,939,269; 2017 AED 1,953,235; 2018 AED 1,656,344; 2019 AED 1,600,000; 2020 AED 1,155,811; 2021 AED 1,175,865; 2022 AED 1,372,500; 2023 AED 1,620,000; 2024 AED 1,600,000; 2025 AED 1,690,000; 2026 AED 1,575,000Sold by developer, June 2017: AED 1,804,305 (AED 1,850 per sqft)Sold, September 2023: AED 1,850,000 (AED 1,897 per sqft)

1607 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1607, each contractTypical one-bed in Noura Tower
50K100K2018202120242027Typical rent by year: 2018 AED 92,400; 2019 AED 85,000; 2020 AED 75,000; 2021 AED 70,000; 2022 AED 80,000; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 105,000New contract, December 2019: AED 80,000 a yearNew contract, December 2020: AED 73,000 a yearRenewal, December 2021: AED 33,037 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 Noura Tower, and where 1607 sits

All 168 1-beds →

1607 last sold in September 2023 at AED 1,897 per sqft, in line with what one-beds in Noura Tower were fetching at the time (AED 1,845). Over the last 12 months one-beds sold for AED 1,300,000 to 3,100,000, around AED 1,883 per sqft, and rent for AED 70,000 to 300,000 a year. 1607's AED 33,037 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Aug 20261,550,000
3 Aug 20261,640,000
22 Jul 20261,500,000
22 Jun 20261,700,000
17 1-bed sales in the last 12 months

Noura Tower

Building

544 apartments, 1-bed to 6-bed over 68 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. 42 sold in the last 12 months.

Typical price per sqft
AED 1,824 Up 2.1%
Typical sale
AED 2.31M
Typical rent
AED 140K /yr
Typical yield
5.8%
Noura Tower, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 544 units in Noura Tower
Value
16012-bedAED 2.17M · Dec 2018
16022-bedAED 2.15M · Jul 2024
16031-bedAED 1.83M · Sep 2016
16042-bedAED 3.54M · Aug 2016
16051-bedAED 1.64M · Aug 2026
16061-bedAED 2.34M · Aug 2016
16081-bedAED 1.75M · Aug 2016
1–7 of 10

1607, Noura Tower in numbers

  • Sold twice: first on 11 June 2017 for AED 1,804,305, last on 18 September 2023 for AED 1,850,000 (AED 1,897 per sqft).
  • Rented since December 2019 on 3 Ejari contracts, from AED 80,000 to AED 33,037 a year.
  • At AED 33,037 a year the gross yield on the 2023 price is 1.8%, before a service charge of about AED 15,100 a year (AED 15.53 per sqft).
  • One-beds in Noura Tower sold for AED 1,300,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,824 per sqft.

Source: Dubai Land Department. Updated 18 September 2023.

Questions about 1607, Noura Tower

What did unit 1607 last sell for?

AED 1,850,000 on 18 September 2023: AED 1,897 per sqft for 975 sqft. The unit has 2 registered sales; the first was AED 1,804,305 in June 2017.

What is the rent for unit 1607?

AED 33,037 a year on the contract renewed on 15 December 2021. The previous contract, from December 2020, was AED 73,000; the unit has been rented since December 2019.

How big is unit 1607?

975 sqft (90.6 sqm): a one-bedroom apartment on the 16th floor of a 68-storey tower completed in 2022.

What is unit 1607 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Noura Tower sold for AED 1,300,000 to 3,100,000 in the last 12 months, around AED 1,883 per sqft.

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Mortgage on 1607, Noura Tower

Starts from the last sale price (AED 1.85M, 18 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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