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Studio · 399 sqftPolaris Tower, Business Bay · 16th floor · completed 2022

1602, Polaris Tower

Sold prices and rental history: sold once, by the developer in June 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 5 June 2012
Last soldAED 394K5 June 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Polaris Tower

What is 1602 worth today?

Last sold for AED 394,053 in 2012

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5 Jun 2012Sold by developerOff-plan
AED 394,053AED 987 per sqft

Source: Dubai Land Department. Updated 5 June 2012.

Key facts

Type
Studio apartment
Size
399 sqft
Floor
16th of 28
Parking
nan
Developer
Silver Sky Properties
Completed
2022
Last sold
AED 394K · June 2012
Building
Polaris Tower

About 1602, Polaris Tower

1602 is a studio of 399 sqft on the 16th floor of Polaris Tower, a 28-storey tower in Business Bay completed in 2022 by Silver Sky Properties. The developer sold it on 5 June 2012 for AED 394,053, or AED 987 per sqft, in line with the AED 962 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical studio in Polaris Tower
200K400K2009201320172021Typical sale price by year: 2009 AED 517,782; 2012 AED 407,821; 2015 AED 411,993; 2016 AED 442,408; 2022 AED 238,205; 2023 AED 248,474Sold by developer, June 2012: AED 394,053 (AED 987 per sqft)

1602 has sold once; the dashed line is the studio median of each year in the building.

Studios in Polaris Tower, and where 1602 sits

All 97 studios →

1602 last sold in June 2012 at AED 987 per sqft, in line with what studios in Polaris Tower were fetching at the time (AED 962).

Recent studio salesUnit no.Price (AED)Summary
15 Nov 2024490,000
27 Jul 2023240,537
29 Mar 2023248,474
22 Mar 2023248,474
0 studio sales in the last 12 months

Polaris Tower

Building

210 apartments, studios to 1-bed over 28 floors in Business Bay, completed in 2022 by Silver Sky Properties. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
Few contracts
Typical yield
Polaris Tower, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 210 units in Polaris Tower
Value
16011-bedAED 464K · Dec 2022
16031-bedAED 772K · Jul 2009
16041-bedAED 739K · Jul 2009
1605StudioAED 420K · Jul 2009
16071-bedAED 505K · Feb 2016
1608StudioAED 473K · Jul 2009
1609StudioAED 562K · Jul 2009
1–7 of 21

1602, Polaris Tower in numbers

  • Sold once: by Silver Sky Properties on 5 June 2012 for AED 394,053, or AED 987 per sqft.

Source: Dubai Land Department. Updated 5 June 2012.

Questions about 1602, Polaris Tower

What did unit 1602 last sell for?

AED 394,053 on 5 June 2012, sold by the developer: AED 987 per sqft for 399 sqft. It is the only registered sale of the unit.

How big is unit 1602?

399 sqft (37.1 sqm): a studio on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1602, Polaris Tower

Starts from the last sale price (AED 394K, 5 June 2012). Switch to today's estimate once you have unlocked it.
Price
AED 394,053
Deposit, UAE resident (20%)
AED 78,811
Deposit, non-resident (40%)
AED 157,621
Monthly over 25 years at 3.7%
AED 1,612

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