1603, Park Central
Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Park Central
What is 1603 worth today?
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Source: Dubai Land Department. Updated 1 December 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 818 sqft
- Floor
- 16th of 16
- Parking
- B2-24
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 15,400 /yr
- Last sold
- AED 1.23M · December 2014
- Building
- Park Central
About 1603, Park Central
1603 is a one-bedroom apartment of 818 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 23 December 2014 for AED 1,226,940, or AED 1,500 per sqft, 10% above the AED 1,363 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 1 December 2021, is AED 46,500 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 15,400 a year.
Sales and rents for 1603 over time
1603 has sold once; 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 1603 sits
All 51 1-beds →1603 last sold in December 2014 at AED 1,500 per sqft, 10% above what one-beds in Park Central were fetching at the time (AED 1,363). 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. 1603's AED 46,500 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. 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 | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,262 sqft | AED 1.89MAED 1,893,285 · Jan 2015January 2015 | 70,000 /yr | |
| 1602 | 1-bed | 684 sqft | AED 890KAED 890,000 · Jun 2024June 2024 | 69,586 /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 |
1603, Park Central in numbers
- Sold once: by DAMAC on 23 December 2014 for AED 1,226,940, or AED 1,500 per sqft.
- Rented since November 2015 on 6 Ejari contracts, from AED 95,000 to AED 46,500 a year.
- At AED 46,500 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 15,400 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 1,221 per sqft.
Source: Dubai Land Department. Updated 1 December 2021.
Questions about 1603, Park Central
What did unit 1603 last sell for?
AED 1,226,940 on 23 December 2014, sold by the developer: AED 1,500 per sqft for 818 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 46,500 a year on the contract renewed on 1 December 2021. The previous contract, from December 2020, was AED 46,500; the unit has been rented since November 2015.
How big is unit 1603?
818 sqft (76.0 sqm): a one-bedroom apartment on the 16th floor of a 16-storey tower completed in 2013.
What is unit 1603 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 1603, Park Central
Starts from the last sale price (AED 1.23M, 23 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,226,940
- Deposit, UAE resident (20%)
- AED 245,388
- Deposit, non-resident (40%)
- AED 490,776
- Monthly over 25 years at 3.7%
- AED 5,020
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →