1-bed · 800 sqft29 Burj Boulevard Tower 2, Downtown Dubai · 16th floor · completed 2013

1602, 29 Burj Boulevard Tower 2

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 1.5M12 May 2023
Current rentAED 113K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, 29 Burj Boulevard Tower 2

What is 1602 worth today?

Last sold for AED 1,500,000 in 2023

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20 Nov 2024RentedRenewal
AED 113,000/yr12 months · AED 142 per sqft
20 Nov 2023RentedNew contract
AED 105,000/yr12 months · AED 132 per sqft
12 May 2023SoldReady
AED 1,500,000AED 1,875 per sqft
7 Jul 2022RentedRenewal
AED 75,000/yr12 months · AED 94 per sqft
7 Jul 2021RentedRenewal
AED 65,000/yr12 months · AED 82 per sqft
7 Jul 2020RentedRenewal
AED 70,000/yr12 months · AED 88 per sqft
7 Jul 2019RentedNew contract
AED 80,000/yr12 months · AED 100 per sqft
1 Mar 2017RentedNew contract
AED 110,000/yr12 months · AED 138 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
1-bed apartment
Size
800 sqft
Floor
16th of 43
Parking
B2-72
Developer
Emaar
Completed
2013
Service charge
AED 15,600 /yr
Last sold
AED 1.5M · May 2023

About 1602, 29 Burj Boulevard Tower 2

1602 is a one-bedroom apartment of 800 sqft on the 16th floor of 29 Burj Boulevard Tower 2, a 43-storey tower in Downtown Dubai completed in 2013 by Emaar. It last sold on 12 May 2023 for AED 1,500,000, or AED 1,875 per sqft, 6% above the AED 1,762 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 20 November 2024, is AED 113,000 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 15,600 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical one-bed in 29 Burj Boulevard Tower 2
1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,739,888; 2010 AED 1,975,888; 2012 AED 1,447,444; 2013 AED 1,760,000; 2014 AED 2,017,888; 2015 AED 1,950,000; 2016 AED 1,775,000; 2017 AED 1,737,500; 2018 AED 1,462,500; 2019 AED 1,387,500; 2020 AED 1,180,000; 2021 AED 1,325,000; 2022 AED 1,600,000; 2023 AED 1,675,000; 2024 AED 1,858,000; 2025 AED 2,071,970; 2026 AED 2,000,000Sold by developer, July 2014: AED 2,017,888 (AED 2,523 per sqft)Sold, May 2023: AED 1,500,000 (AED 1,875 per sqft)

1602 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1602, each contractTypical one-bed in 29 Burj Boulevard Tower 2
75K100K2013201720212025Typical rent by year: 2013 AED 100,000; 2014 AED 115,000; 2015 AED 115,000; 2016 AED 112,000; 2017 AED 107,750; 2018 AED 99,483; 2019 AED 85,000; 2020 AED 73,250; 2021 AED 75,000; 2022 AED 85,000; 2023 AED 100,000; 2024 AED 110,000; 2025 AED 115,000; 2026 AED 110,000New contract, September 2014: AED 115,000 a yearRenewal, September 2015: AED 115,000 a yearNew contract, March 2017: AED 110,000 a yearNew contract, July 2019: AED 80,000 a yearRenewal, July 2020: AED 70,000 a yearRenewal, July 2021: AED 65,000 a yearRenewal, July 2022: AED 75,000 a yearNew contract, November 2023: AED 105,000 a yearRenewal, November 2024: AED 113,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in 29 Burj Boulevard Tower 2, and where 1602 sits

All 250 1-beds →

1602 last sold in May 2023 at AED 1,875 per sqft, 6% above what one-beds in 29 Burj Boulevard Tower 2 were fetching at the time (AED 1,762). Over the last 12 months one-beds sold for AED 1,750,000 to 2,750,000, around AED 2,282 per sqft, and rent for AED 77,000 to 270,000 a year. 1602's AED 113,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Oct 20262,000,000
15 Sep 20261,750,000
29 Jul 202646,154
28 Jul 202653,841
17 1-bed sales in the last 12 months

29 Burj Boulevard Tower 2

Building

373 apartments, studios to 3-bed over 43 floors in Downtown Dubai, completed in 2013 by Emaar. 29 sold in the last 12 months.

Typical price per sqft
AED 2,323 Down 2.3%
Typical sale
AED 2.25M
Typical rent
AED 115K /yr
Typical yield
5.4%
29 Burj Boulevard Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 373 units in 29 Burj Boulevard Tower 2
Value
16011-bedAED 2M · Nov 2025
1603StudioAED 1.35M · Mar 2014
16041-bedAED 2M · Apr 2025
16051-bedAED 1.73M · Oct 2023
16061-bedAED 54K · Jul 2026
16072-bedAED 3.2M · Jan 2025
16081-bedAED 1.55M · Apr 2019
1–7 of 10

1602, 29 Burj Boulevard Tower 2 in numbers

  • Sold twice: first on 24 July 2014 for AED 2,017,888, last on 12 May 2023 for AED 1,500,000 (AED 1,875 per sqft).
  • Rented since September 2014 on 9 Ejari contracts. The rent fell from AED 115,000 to AED 65,000 in 2021 and recovered to AED 113,000 by November 2024.
  • At AED 113,000 a year the gross yield on the 2023 price is 7.5%, before a service charge of about AED 15,600 a year (AED 19.50 per sqft).
  • One-beds in 29 Burj Boulevard Tower 2 sold for AED 1,750,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,323 per sqft.

Source: Dubai Land Department. Updated 20 November 2024.

Questions about 1602, 29 Burj Boulevard Tower 2

What did unit 1602 last sell for?

AED 1,500,000 on 12 May 2023: AED 1,875 per sqft for 800 sqft. The unit has 2 registered sales; the first was AED 2,017,888 in July 2014.

What is the rent for unit 1602?

AED 113,000 a year on the contract renewed on 20 November 2024. The previous contract, from November 2023, was AED 105,000; the unit has been rented since September 2014.

How big is unit 1602?

800 sqft (74.3 sqm): a one-bedroom apartment on the 16th floor of a 43-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 29 Burj Boulevard Tower 2 sold for AED 1,750,000 to 2,750,000 in the last 12 months, around AED 2,282 per sqft.

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Mortgage on 1602, 29 Burj Boulevard Tower 2

Starts from the last sale price (AED 1.5M, 12 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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