1602, Park Central
Sold prices and rental history: sold 4 times, last in June 2024, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Park Central
What is 1602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 7 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 684 sqft
- Floor
- 16th of 16
- Parking
- B2-23
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 12,800 /yr
- Last sold
- AED 890K · June 2024
- Building
- Park Central
About 1602, Park Central
1602 is a one-bedroom apartment of 684 sqft on the 16th floor of Park Central, a 16-storey tower in Business Bay completed in 2013 by DAMAC. It last sold on 7 June 2024 for AED 890,000, or AED 1,301 per sqft, 7% above the AED 1,213 one-beds in the building were fetching at the time.
It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 21 February 2018, is AED 69,586 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 12,800 a year.
Sales and rents for 1602 over time
1602 has sold 4 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Park Central, and where 1602 sits
All 51 1-beds →1602 last sold in June 2024 at AED 1,301 per sqft, 7% above what one-beds in Park Central were fetching at the time (AED 1,213). Over the last 12 months one-beds sold for AED 850,000 to 888,803, around AED 1,238 per sqft, and rent for AED 40,000 to 100,000 a year. 1602's AED 69,586 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 May 202621 May 2026 | 844 sqft | 888,803 | 1,053 | ||
| 17 Mar 202617 March 2026 | 702 sqft | 870,000 | 1,238 | ||
| 9 Dec 20259 December 2025 | 634 sqft | 850,000 | 1,340 | ||
| 14 Oct 202514 October 2025 | 620 sqft | 1,100,000 | 1,773 |
Park Central
Building136 apartments, studios to 2-bed over 16 floors in Business Bay, completed in 2013 by DAMAC. 18 sold in the last 12 months.
- Typical price per sqft
- AED 1,230 Down 4.8%
- Typical sale
- AED 981K
- Typical rent
- AED 70K /yr
- Typical yield
- 8.9%
Other units on the 16th floor
All 136 units in Park Central| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,262 sqft | AED 1.89MAED 1,893,285 · Jan 2015January 2015 | 70,000 /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 |
1602, Park Central in numbers
- Sold 4 times: first on 23 December 2014 for AED 1,025,430, last on 7 June 2024 for AED 890,000 (AED 1,301 per sqft).
- Rented since October 2015 on 3 Ejari contracts, from AED 85,000 to AED 69,586 a year.
- At AED 69,586 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 12,800 a year (AED 18.77 per sqft).
- One-beds in Park Central sold for AED 850,000–888,803 in the 12 months to November 2026; the building's median across all types is AED 1,230 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 7 June 2024.
Questions about 1602, Park Central
What did unit 1602 last sell for?
AED 890,000 on 7 June 2024: AED 1,301 per sqft for 684 sqft. The unit has 4 registered sales; the first was AED 1,025,430 in December 2014.
What is the rent for unit 1602?
AED 69,586 a year on the contract signed on 21 February 2018. The previous contract, from November 2015, was AED 86,000; the unit has been rented since October 2015.
How big is unit 1602?
684 sqft (63.5 sqm): a one-bedroom apartment on the 16th floor of a 16-storey tower completed in 2013.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Park Central sold for AED 850,000 to 888,803 in the last 12 months, around AED 1,238 per sqft.
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Mortgage on 1602, Park Central
Starts from the last sale price (AED 890K, 7 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 890,000
- Deposit, UAE resident (20%)
- AED 178,000
- Deposit, non-resident (40%)
- AED 356,000
- Monthly over 25 years at 3.7%
- AED 3,641
Plus AED 42,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →