Studio · 428 sqftBoulevard Central 2, Downtown Dubai · 16th floor · completed 2012

1603, Boulevard Central 2

Sold prices and rental history: sold 3 times, last in December 2012, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 16 July 2020
Last soldAED 840K27 December 2012
Current rentAED 51K /yr16 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Boulevard Central 2

What is 1603 worth today?

Last sold for AED 840,000 in 2012

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16 Jul 2020RentedNew contract
AED 51,000/yr12 months · AED 118 per sqft
22 Nov 2016RentedNew contract
AED 80,000/yr12 months · AED 186 per sqft
27 Dec 2012SoldReady
AED 840,000AED 1,961 per sqft
28 Nov 2012SoldReady · flagged as an outlier
AED 886,888AED 14,304 per sqft
29 Jun 2010Sold by developerOff-plan
AED 886,888AED 2,070 per sqft

Source: Dubai Land Department. Updated 16 July 2020.

Key facts

Type
Studio apartment
Size
428 sqft
Floor
16th of 22
Parking
B3-3129
Developer
Emaar
Completed
2012
Service charge
AED 10,400 /yr
Last sold
AED 840K · December 2012

About 1603, Boulevard Central 2

1603 is a studio of 428 sqft on the 16th floor of Boulevard Central 2, a 22-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 27 December 2012 for AED 840,000, or AED 1,961 per sqft, 26% above the AED 1,553 studios in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 16 July 2020, is AED 51,000 a year: a gross yield of 6.1% on the 2012 price, before the service charge of about AED 10,400 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical studio in Boulevard Central 2
500K1M2010201520202025Typical sale price by year: 2010 AED 870,388; 2011 AED 437,444; 2012 AED 691,000; 2013 AED 858,388; 2014 AED 1,045,888; 2015 AED 840,000; 2016 AED 1,100,000; 2018 AED 1,060,000; 2019 AED 765,000; 2021 AED 862,500; 2025 AED 1,190,000; 2026 AED 1,050,000Sold by developer, June 2010: AED 886,888 (AED 2,070 per sqft)Sold, December 2012: AED 840,000 (AED 1,961 per sqft)

1603 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1603, each contractTypical studio in Boulevard Central 2
40K60K80K2013201720212025Typical rent by year: 2013 AED 65,000; 2014 AED 75,000; 2015 AED 80,000; 2016 AED 75,175; 2017 AED 75,000; 2018 AED 65,000; 2019 AED 60,000; 2020 AED 48,000; 2021 AED 46,000; 2022 AED 59,000; 2023 AED 70,000; 2024 AED 73,260; 2025 AED 76,500; 2026 AED 68,750New contract, November 2016: AED 80,000 a yearNew contract, July 2020: AED 51,000 a year

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

Studios in Boulevard Central 2, and where 1603 sits

All 34 studios →

1603 last sold in December 2012 at AED 1,961 per sqft, 26% above what studios in Boulevard Central 2 were fetching at the time (AED 1,553). Over the last 12 months studios sold for AED 1,050,000 to 1,270,000, around AED 2,451 per sqft, and rent for AED 60,000 to 78,000 a year. 1603's AED 51,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Jun 20261,050,000
1 May 20261,050,000
16 Jan 20261,270,000
11 Aug 20251,050,000
3 studio sales in the last 12 months

Boulevard Central 2

Building

191 apartments, studios to 3-bed over 22 floors in Downtown Dubai, completed in 2012 by Emaar. 20 sold in the last 12 months.

Typical price per sqft
AED 2,282 Up 1.7%
Typical sale
AED 2.05M
Typical rent
AED 112K /yr
Typical yield
5.6%
Boulevard Central 2, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 191 units in Boulevard Central 2
Value
16012-bedAED 2.85M · Nov 2025
16022-bedAED 3.85M · Oct 2015
1604StudioAED 443K · Feb 2013
16051-bedAED 706K · Aug 2013
16061-bedAED 1.47M · Jun 2010
16071-bedAED 1.27M · Jun 2013
16081-bedAED 1.62M · Jul 2014
1–7 of 9

1603, Boulevard Central 2 in numbers

  • Sold 3 times: first on 29 June 2010 for AED 886,888, last on 27 December 2012 for AED 840,000 (AED 1,961 per sqft).
  • Rented since November 2016 on 2 Ejari contracts, from AED 80,000 to AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2012 price is 6.1%, before a service charge of about AED 10,400 a year (AED 24.19 per sqft).
  • Studios in Boulevard Central 2 sold for AED 1,050,000–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 2,282 per sqft.

Source: Dubai Land Department. Updated 16 July 2020.

Questions about 1603, Boulevard Central 2

What did unit 1603 last sell for?

AED 840,000 on 27 December 2012: AED 1,961 per sqft for 428 sqft. The unit has 3 registered sales; the first was AED 886,888 in June 2010.

What is the rent for unit 1603?

AED 51,000 a year on the contract signed on 16 July 2020. The previous contract, from November 2016, was AED 80,000.

How big is unit 1603?

428 sqft (39.8 sqm): a studio on the 16th floor of a 22-storey tower completed in 2012.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Boulevard Central 2 sold for AED 1,050,000 to 1,270,000 in the last 12 months, around AED 2,451 per sqft.

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Mortgage on 1603, Boulevard Central 2

Starts from the last sale price (AED 840K, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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