1602, DT 1 Downtown
Sold prices and rental history: sold twice, last in May 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, DT 1 Downtown
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 March 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 3,938 sqft
- Floor
- 16th of 16
- Parking
- P1-38; P1-39
- Developer
- Ellington Properties Development
- Completed
- 2020
- Service charge
- AED 68,100 /yr
- Last sold
- AED 7M · May 2023
- Building
- DT 1 Downtown
About 1602, DT 1 Downtown
1602 is a three-bedroom apartment of 3,938 sqft on the 16th floor of DT 1 Downtown, a 16-storey tower in Downtown Dubai completed in 2020 by Ellington Properties Development . It last sold on 31 May 2023 for AED 7,000,000, or AED 1,777 per sqft, 6% above the AED 1,683 three-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 1 March 2025, is AED 550,000 a year: a gross yield of 7.9% on the 2023 price, before the service charge of about AED 68,100 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in DT 1 Downtown, and where 1602 sits
All 15 3-beds →1602 last sold in May 2023 at AED 1,777 per sqft, 6% above what three-beds in DT 1 Downtown were fetching at the time (AED 1,683). Over the last 12 months three-beds sold for AED 6,250,000, around AED 2,464 per sqft, and rent for AED 282,975 to 365,000 a year. 1602's AED 550,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 2,536 sqft | 6,250,000 | 2,464 | ||
| 26 Jun 202526 June 2025 | 2,536 sqft | 4,417,785 | 1,741 | ||
| 12 Jun 202512 June 2025 | 2,536 sqft | 5,000,000 | 1,971 | ||
| 10 Jan 202410 January 2024 | 2,536 sqft | 6,800,000 | 2,680 |
DT 1 Downtown
Building130 apartments, studios to 4-bed over 16 floors in Downtown Dubai, completed in 2020 by Ellington Properties Development . 15 sold in the last 12 months.
- Typical price per sqft
- AED 2,390 Up 1.4%
- Typical sale
- AED 3M
- Typical rent
- AED 156K /yr
- Typical yield
- 5.7%
Other units on the 16th floor
All 130 units in DT 1 Downtown1602, DT 1 Downtown in numbers
- Sold twice: first on 17 March 2020 for AED 7,308,828, last on 31 May 2023 for AED 7,000,000 (AED 1,777 per sqft).
- Rented since March 2025 on 2 Ejari contracts, at AED 550,000 a year.
- At AED 550,000 a year the gross yield on the 2023 price is 7.9%, before a service charge of about AED 68,100 a year (AED 17.30 per sqft).
- Three-beds in DT 1 Downtown sold for AED 6,250,000–6,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,390 per sqft.
Source: Dubai Land Department. Updated 1 March 2025.
Questions about 1602, DT 1 Downtown
What did unit 1602 last sell for?
AED 7,000,000 on 31 May 2023: AED 1,777 per sqft for 3,938 sqft. The unit has 2 registered sales; the first was AED 7,308,828 in March 2020.
What is the rent for unit 1602?
AED 550,000 a year on the contract signed on 1 March 2025. The previous contract, from March 2025, was AED 550,000.
How big is unit 1602?
3,938 sqft (365.9 sqm): a three-bedroom apartment on the 16th floor of a 16-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. Three-beds in DT 1 Downtown sold for AED 6,250,000 to 6,250,000 in the last 12 months, around AED 2,464 per sqft.
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Mortgage on 1602, DT 1 Downtown
Starts from the last sale price (AED 7M, 31 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 7,000,000
- Deposit, UAE resident (20%)
- AED 1,400,000
- Deposit, non-resident (40%)
- AED 2,800,000
- Monthly over 25 years at 3.7%
- AED 28,639
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →