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Studio · 393 sqftPolaris Tower, Business Bay · 16th floor · completed 2022

1608, Polaris Tower

Sold prices and rental history: sold once, by the developer in July 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1608 · DLD and Ejari recordsUpdated 16 July 2009
Last soldAED 473K16 July 2009
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1608, Polaris Tower

What is 1608 worth today?

Last sold for AED 473,160 in 2009

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16 Jul 2009Sold by developerOff-plan
AED 473,160AED 1,203 per sqft

Source: Dubai Land Department. Updated 16 July 2009.

Key facts

Type
Studio apartment
Size
393 sqft
Floor
16th of 28
Parking
nan
Developer
Silver Sky Properties
Completed
2022
Last sold
AED 473K · July 2009
Building
Polaris Tower

About 1608, Polaris Tower

1608 is a studio of 393 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 16 July 2009 for AED 473,160, or AED 1,203 per sqft, 7% below the AED 1,291 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1608 over time

Sales
Unit 1608, 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, July 2009: AED 473,160 (AED 1,203 per sqft)

1608 has sold once; the dashed line is the studio median of each year in the building.

Studios in Polaris Tower, and where 1608 sits

All 97 studios →

1608 last sold in July 2009 at AED 1,203 per sqft, 7% below what studios in Polaris Tower were fetching at the time (AED 1,291).

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
1602StudioAED 394K · Jun 2012
16031-bedAED 772K · Jul 2009
16041-bedAED 739K · Jul 2009
1605StudioAED 420K · Jul 2009
16071-bedAED 505K · Feb 2016
1609StudioAED 562K · Jul 2009
1–7 of 21

1608, Polaris Tower in numbers

  • Sold once: by Silver Sky Properties on 16 July 2009 for AED 473,160, or AED 1,203 per sqft.

Source: Dubai Land Department. Updated 16 July 2009.

Questions about 1608, Polaris Tower

What did unit 1608 last sell for?

AED 473,160 on 16 July 2009, sold by the developer: AED 1,203 per sqft for 393 sqft. It is the only registered sale of the unit.

How big is unit 1608?

393 sqft (36.5 sqm): a studio on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1608 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 1608, Polaris Tower

Starts from the last sale price (AED 473K, 16 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 473,160
Deposit, UAE resident (20%)
AED 94,632
Deposit, non-resident (40%)
AED 189,264
Monthly over 25 years at 3.7%
AED 1,936

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