1609, Park Central
Sold prices and rental history: sold once, by the developer in September 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1609, Park Central
What is 1609 worth today?
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Source: Dubai Land Department. Updated 29 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 969 sqft
- Floor
- 16th of 16
- Parking
- B2-30
- Developer
- DAMAC
- Completed
- 2013
- Service charge
- AED 18,200 /yr
- Last sold
- AED 1.45M · September 2015
- Building
- Park Central
About 1609, Park Central
1609 is a two-bedroom apartment of 969 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 15 September 2015 for AED 1,453,305, or AED 1,500 per sqft, in line with the AED 1,500 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 29 November 2024, is AED 115,000 a year: a gross yield of 7.9% on the 2015 price, before the service charge of about AED 18,200 a year.
Sales and rents for 1609 over time
1609 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 1609 sits
All 39 2-beds →1609 last sold in September 2015 at AED 1,500 per sqft, in line with what two-beds in Park Central were fetching at the time (AED 1,500). 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. 1609's AED 115,000 is in the upper half 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 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 | ||
| 1610 | 1-bed | 672 sqft | AED 1.01MAED 1,007,670 · Dec 2014December 2014 | 47,000 /yr |
1609, Park Central in numbers
- Sold once: by DAMAC on 15 September 2015 for AED 1,453,305, or AED 1,500 per sqft.
- Rented since April 2017 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 60,000 in 2021 and recovered to AED 115,000 by November 2024.
- At AED 115,000 a year the gross yield on the 2015 price is 7.9%, before a service charge of about AED 18,200 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 29 November 2024.
Questions about 1609, Park Central
What did unit 1609 last sell for?
AED 1,453,305 on 15 September 2015, sold by the developer: AED 1,500 per sqft for 969 sqft. It is the only registered sale of the unit.
What is the rent for unit 1609?
AED 115,000 a year on the contract signed on 29 November 2024. The previous contract, from October 2023, was AED 115,000; the unit has been rented since April 2017.
How big is unit 1609?
969 sqft (90.0 sqm): a two-bedroom apartment on the 16th floor of a 16-storey tower completed in 2013.
What is unit 1609 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 1609, Park Central
Starts from the last sale price (AED 1.45M, 15 September 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,453,305
- Deposit, UAE resident (20%)
- AED 290,661
- Deposit, non-resident (40%)
- AED 581,322
- Monthly over 25 years at 3.7%
- AED 5,946
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →