1601, Park Central
Sold prices and rental history: sold once, by the developer in January 2015, 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, Park Central
What is 1601 worth today?
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Source: Dubai Land Department. Updated 15 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,262 sqft
- Floor
- 16th of 16
- Parking
- B2-22
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 23,700 /yr
- Last sold
- AED 1.89M · January 2015
- Building
- Park Central
About 1601, Park Central
1601 is a two-bedroom apartment of 1,262 sqft on the 16th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. The developer sold it on 7 January 2015 for AED 1,893,285, or AED 1,500 per sqft, 21% above the AED 1,244 two-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 15 January 2023, is AED 70,000 a year: a gross yield of 3.7% on the 2015 price, before the service charge of about AED 23,700 a year.
Sales and rents for 1601 over time
1601 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Park Central, and where 1601 sits
All 39 2-beds →1601 last sold in January 2015 at AED 1,500 per sqft, 21% above what two-beds in Park Central were fetching at the time (AED 1,244). Over the last 12 months two-beds sold for AED 1,073,183 to 1,555,000, around AED 1,165 per sqft, and rent for AED 80,000 to 130,000 a year. 1601's AED 70,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 1,146 sqft | 1,400,000 | 1,221 | ||
| 13 Jul 202613 July 2026 | 1,158 sqft | 1,350,000 | 1,165 | ||
| 27 Mar 202627 March 2026 | 1,296 sqft | 1,555,000 | 1,199 | ||
| 17 Mar 202617 March 2026 | 1,032 sqft | 1,280,000 | 1,240 |
Park Central
Building136 apartments, studios to 2-bed over 16 floors in Business Bay, completed in 2013 by DAMAC. 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,221 Down 5.4%
- Typical sale
- AED 1.07M
- Typical rent
- AED 70K /yr
- Typical yield
- 8.9%
Other units on the 16th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 684 sqft | AED 890KAED 890,000 · Jun 2024June 2024 | 69,586 /yr | |
| 1603 | 1-bed | 818 sqft | AED 1.23MAED 1,226,940 · Dec 2014December 2014 | 46,500 /yr | |
| 1604 | 1-bed | 620 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 71,500 /yr | |
| 1605 | Studio | 334 sqft | AED 584KAED 583,940 · Feb 2015February 2015 | 48,400 /yr | |
| 1606 | 2-bed | 991 sqft | AED 1.49MAED 1,486,245 · Dec 2014December 2014 | 80,000 /yr | |
| 1607 | Studio | 377 sqft | AED 600KAED 600,000 · Oct 2025October 2025 | 74,380 /yr | |
| 1608 | Studio | 438 sqft | AED 615KAED 615,000 · Aug 2025August 2025 | ||
| 1609 | 2-bed | 969 sqft | AED 1.45MAED 1,453,305 · Sep 2015September 2015 | 115,000 /yr | |
| 1610 | 1-bed | 672 sqft | AED 1.01MAED 1,007,670 · Dec 2014December 2014 | 47,000 /yr |
1601, Park Central in numbers
- Sold once: by DAMAC on 7 January 2015 for AED 1,893,285, or AED 1,500 per sqft.
- Rented since February 2016 on 7 Ejari contracts. The rent fell from AED 175,000 to AED 58,000 in 2021 and recovered to AED 70,000 by January 2023.
- At AED 70,000 a year the gross yield on the 2015 price is 3.7%, before a service charge of about AED 23,700 a year (AED 18.77 per sqft).
- Two-beds in Park Central sold for AED 1,073,183–1,555,000 in the 12 months to November 2026; the building's median across all types is AED 1,221 per sqft.
Source: Dubai Land Department. Updated 15 January 2023.
Questions about 1601, Park Central
What did unit 1601 last sell for?
AED 1,893,285 on 7 January 2015, sold by the developer: AED 1,500 per sqft for 1,262 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 70,000 a year on the contract renewed on 15 January 2023. The previous contract, from January 2022, was AED 63,000; the unit has been rented since February 2016.
How big is unit 1601?
1,262 sqft (117.2 sqm): a two-bedroom apartment on the 16th floor of a 16-storey tower completed in 2013.
What is unit 1601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Park Central sold for AED 1,073,183 to 1,555,000 in the last 12 months, around AED 1,165 per sqft.
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Mortgage on 1601, Park Central
Starts from the last sale price (AED 1.89M, 7 January 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,893,285
- Deposit, UAE resident (20%)
- AED 378,657
- Deposit, non-resident (40%)
- AED 757,314
- Monthly over 25 years at 3.7%
- AED 7,746
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →