1-bed · 697 sqftForte Tower 2, Downtown Dubai · 16th floor · completed 2022

1604, Forte Tower 2

Sold prices and rental history: sold once, by the developer in April 2016, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 1.39M27 April 2016
Current rentAED 117K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Forte Tower 2

What is 1604 worth today?

Last sold for AED 1,385,888 in 2016

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1 Apr 2024RentedNew contract
AED 117,000/yr12 months · AED 168 per sqft
27 Apr 2016Sold by developerOff-plan
AED 1,385,888AED 1,988 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
1-bed apartment
Size
697 sqft
Floor
16th of 42
Parking
1
Developer
Emaar
Completed
2022
Service charge
AED 13,600 /yr
Last sold
AED 1.39M · April 2016

About 1604, Forte Tower 2

1604 is a one-bedroom apartment of 697 sqft on the 16th floor of Forte Tower 2, a 42-storey tower in Downtown Dubai completed in 2022 by Emaar. The developer sold it on 27 April 2016 for AED 1,385,888, or AED 1,988 per sqft, in line with the AED 1,988 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2024. The current contract, signed on 1 April 2024, is AED 117,000 a year: a gross yield of 8.4% on the 2016 price, before the service charge of about AED 13,600 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical one-bed in Forte Tower 2
1.5M2M2016201920222025Typical sale price by year: 2016 AED 1,321,888; 2017 AED 1,372,888; 2019 AED 1,224,799; 2020 AED 1,215,888; 2021 AED 1,381,888; 2022 AED 1,375,000; 2023 AED 1,700,000; 2024 AED 1,800,000; 2025 AED 2,100,000Sold by developer, April 2016: AED 1,385,888 (AED 1,988 per sqft)

1604 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1604, each contractTypical one-bed in Forte Tower 2
110K2024202520262027Typical rent by year: 2024 AED 115,000; 2025 AED 115,000; 2026 AED 105,000New contract, April 2024: AED 117,000 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 Forte Tower 2, and where 1604 sits

All 128 1-beds →

1604 last sold in April 2016 at AED 1,988 per sqft, in line with what one-beds in Forte Tower 2 were fetching at the time (AED 1,988). Over the last 12 months one-beds sold for AED 2,050,000 to 2,200,000, around AED 3,067 per sqft, and rent for AED 30,000 to 193,750 a year. 1604's AED 117,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Feb 20262,050,000
18 Dec 20252,050,000
10 Dec 20252,200,000
28 Aug 20252,100,000
3 1-bed sales in the last 12 months

Forte Tower 2

Building

345 apartments, 1-bed to 4-bed over 42 floors in Downtown Dubai, completed in 2022 by Emaar. 32 sold in the last 12 months.

Typical price per sqft
AED 2,880 Up 2.8%
Typical sale
AED 3.75M
Typical rent
AED 158K /yr
Typical yield
5.3%
Forte Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 345 units in Forte Tower 2
Value
16012-bedAED 2.28M · Jan 2016
16021-bedAED 1.38M · Jun 2022
16031-bedAED 1.34M · Apr 2016
16052-bedAED 2.4M · May 2023
16062-bedAED 2.73M · Mar 2022
16072-bedAED 2.86M · Feb 2016
16083-bedAED 3.52M · Feb 2020
1–7 of 9

1604, Forte Tower 2 in numbers

  • Sold once: by Emaar on 27 April 2016 for AED 1,385,888, or AED 1,988 per sqft.
  • Rented since April 2024 on one Ejari contract, at AED 117,000 a year.
  • At AED 117,000 a year the gross yield on the 2016 price is 8.4%, before a service charge of about AED 13,600 a year (AED 19.48 per sqft).
  • One-beds in Forte Tower 2 sold for AED 2,050,000–2,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,880 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 1604, Forte Tower 2

What did unit 1604 last sell for?

AED 1,385,888 on 27 April 2016, sold by the developer: AED 1,988 per sqft for 697 sqft. It is the only registered sale of the unit.

What is the rent for unit 1604?

AED 117,000 a year on the contract signed on 1 April 2024.

How big is unit 1604?

697 sqft (64.8 sqm): a one-bedroom apartment on the 16th floor of a 42-storey tower completed in 2022.

What is unit 1604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Forte Tower 2 sold for AED 2,050,000 to 2,200,000 in the last 12 months, around AED 3,067 per sqft.

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Mortgage on 1604, Forte Tower 2

Starts from the last sale price (AED 1.39M, 27 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,385,888
Deposit, UAE resident (20%)
AED 277,178
Deposit, non-resident (40%)
AED 554,355
Monthly over 25 years at 3.7%
AED 5,670

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