2-bed · 1,660 sqftBLVD Heights 1, Downtown Dubai · 16th floor · completed 2020

1602, BLVD Heights 1

Sold prices and rental history: sold twice, last in April 2022, and rented once, from February 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 12 April 2022
Last soldAED 2.7M12 April 2022
Current rentAED 115K /yr6 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, BLVD Heights 1

What is 1602 worth today?

Last sold for AED 2,700,000 in 2022

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12 Apr 2022SoldReady
AED 2,700,000AED 1,626 per sqft
6 Feb 2021RentedNew contract
AED 115,000/yr12 months · AED 69 per sqft
18 Jan 2015Sold by developerOff-plan
AED 3,062,888AED 1,845 per sqft

Source: Dubai Land Department. Updated 12 April 2022.

Key facts

Type
2-bed apartment
Size
1,660 sqft
Floor
16th of 50
Parking
B2-51
Developer
Emaar
Completed
2020
Service charge
AED 33,900 /yr
Last sold
AED 2.7M · April 2022

About 1602, BLVD Heights 1

1602 is a two-bedroom apartment of 1,660 sqft on the 16th floor of BLVD Heights 1, a 50-storey tower in Downtown Dubai completed in 2020 by Emaar. It last sold on 12 April 2022 for AED 2,700,000, or AED 1,626 per sqft, 16% below the AED 1,939 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 6 February 2021. The current contract, signed on 6 February 2021, is AED 115,000 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 33,900 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical two-bed in BLVD Heights 1
3M4M2014201820222026Typical sale price by year: 2014 AED 3,104,388; 2015 AED 3,112,388; 2017 AED 2,700,000; 2018 AED 2,763,599; 2019 AED 3,199,888; 2020 AED 3,366,388; 2021 AED 3,375,990; 2022 AED 2,937,500; 2023 AED 3,295,968; 2024 AED 3,725,000; 2025 AED 3,900,000; 2026 AED 3,925,000Sold by developer, January 2015: AED 3,062,888 (AED 1,845 per sqft)Sold, April 2022: AED 2,700,000 (AED 1,626 per sqft)

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

Rents
Unit 1602, each contractTypical two-bed in BLVD Heights 1
100K150K200K2020202220242026Typical rent by year: 2020 AED 115,000; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 185,000; 2024 AED 196,250; 2025 AED 210,000; 2026 AED 210,000New contract, February 2021: AED 115,000 a year

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

2-beds in BLVD Heights 1, and where 1602 sits

All 153 2-beds →

1602 last sold in April 2022 at AED 1,626 per sqft, 16% below what two-beds in BLVD Heights 1 were fetching at the time (AED 1,939). Over the last 12 months two-beds sold for AED 3,200,000 to 4,850,000, around AED 2,305 per sqft, and rent for AED 50,000 to 325,000 a year. 1602's AED 115,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20264,000,000
1 Oct 20263,335,500
29 Sep 20264,550,000
18 Sep 20263,200,000
11 2-bed sales in the last 12 months

BLVD Heights 1

Building

279 apartments, 1-bed to 4-bed over 50 floors in Downtown Dubai, completed in 2020 by Emaar. 23 sold in the last 12 months.

Typical price per sqft
AED 2,604 Up 7.9%
Typical sale
AED 3.75M
Typical rent
AED 200K /yr
Typical yield
5.0%
BLVD Heights 1, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 279 units in BLVD Heights 1
Value
16012-bedAED 4.1M · May 2024
16031-bedAED 1.72M · Jan 2015
16041-bedAED 1.84M · Dec 2014
16052-bedAED 2.97M · Jan 2015
16062-bedAED 4M · Oct 2026
16072-bedAED 3.55M · Sep 2021

1602, BLVD Heights 1 in numbers

  • Sold twice: first on 18 January 2015 for AED 3,062,888, last on 12 April 2022 for AED 2,700,000 (AED 1,626 per sqft).
  • Rented since February 2021 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2022 price is 4.3%, before a service charge of about AED 33,900 a year (AED 20.43 per sqft).
  • Two-beds in BLVD Heights 1 sold for AED 3,200,000–4,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,604 per sqft.

Source: Dubai Land Department. Updated 12 April 2022.

Questions about 1602, BLVD Heights 1

What did unit 1602 last sell for?

AED 2,700,000 on 12 April 2022: AED 1,626 per sqft for 1,660 sqft. The unit has 2 registered sales; the first was AED 3,062,888 in January 2015.

What is the rent for unit 1602?

AED 115,000 a year on the contract signed on 6 February 2021.

How big is unit 1602?

1,660 sqft (154.2 sqm): a two-bedroom apartment on the 16th floor of a 50-storey tower completed in 2020.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in BLVD Heights 1 sold for AED 3,200,000 to 4,850,000 in the last 12 months, around AED 2,305 per sqft.

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Mortgage on 1602, BLVD Heights 1

Starts from the last sale price (AED 2.7M, 12 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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