1602, The Address Residence Fountain View 1
Sold prices and rental history: sold 4 times, last in December 2024, and rented once, from January 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, The Address Residence Fountain View 1
What is 1602 worth today?
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Source: Dubai Land Department. Updated 4 December 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 840 sqft
- Floor
- 16th of 58
- Parking
- B3-331
- Developer
- Emaar
- Completed
- 2019
- Last sold
- AED 3.8M · December 2024
About 1602, The Address Residence Fountain View 1
1602 is a one-bedroom hotel apartment of 840 sqft on the 16th floor of The Address Residence Fountain View 1, a 58-storey tower in Downtown Dubai completed in 2019 by Emaar. It last sold on 4 December 2024 for AED 3,800,000, or AED 4,522 per sqft, 9% above the AED 4,166 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 26 January 2020. The current contract, signed on 26 January 2020, is AED 125,000 a year: a gross yield of 3.3% on the 2024 price.
Sales and rents for 1602 over time
1602 has sold 4 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Address Residence Fountain View 1, and where 1602 sits
All 80 1-beds →1602 last sold in December 2024 at AED 4,522 per sqft, 9% above what one-beds in The Address Residence Fountain View 1 were fetching at the time (AED 4,166). Over the last 12 months one-beds sold for AED 3,700,000 to 4,000,000, around AED 4,497 per sqft, and rent for AED 95,000 to 235,000 a year. 1602's AED 125,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 839 sqft | 3,800,000 | 4,527 | ||
| 30 Jan 202630 January 2026 | 841 sqft | 3,700,000 | 4,401 | ||
| 8 Jan 20268 January 2026 | 839 sqft | 4,000,000 | 4,765 | ||
| 19 Dec 202519 December 2025 | 839 sqft | 3,750,000 | 4,467 |
The Address Residence Fountain View 1
Building286 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2019 by Emaar. 24 sold in the last 12 months.
- Typical price per sqft
- AED 4,497 Down 0.3%
- Typical sale
- AED 5.68M
- Typical rent
- AED 260K /yr
- Typical yield
- 4.6%
Other units on the 16th floor
All 286 units in The Address Residence Fountain View 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,445 sqft | AED 4.8MAED 4,800,000 · May 2023May 2023 | 270,000 /yr | |
| 1603 | 1-bed | 840 sqft | AED 2.29MAED 2,292,971 · Dec 2013December 2013 | 215,000 /yr | |
| 1604 | 2-bed | 1,495 sqft | AED 5.8MAED 5,800,000 · Sep 2023September 2023 | 250,000 /yr | |
| 1605 | 1-bed | 841 sqft | AED 3.3MAED 3,300,000 · Apr 2023April 2023 | 195,000 /yr | |
| 1606 | 1-bed | 841 sqft | AED 1.94MAED 1,937,888 · Oct 2013October 2013 | 115,000 /yr | |
| 1607 | 2-bed | 1,447 sqft | AED 4.2MAED 4,200,000 · Apr 2023April 2023 |
1602, The Address Residence Fountain View 1 in numbers
- Sold 4 times: first on 3 October 2013 for AED 1,974,888, last on 4 December 2024 for AED 3,800,000 (AED 4,522 per sqft).
- Rented since January 2020 on one Ejari contract, at AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2024 price is 3.3%.
- One-beds in The Address Residence Fountain View 1 sold for AED 3,700,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 4,497 per sqft.
Source: Dubai Land Department. Updated 4 December 2024.
Questions about 1602, The Address Residence Fountain View 1
What did unit 1602 last sell for?
AED 3,800,000 on 4 December 2024: AED 4,522 per sqft for 840 sqft. The unit has 4 registered sales; the first was AED 1,974,888 in October 2013.
What is the rent for unit 1602?
AED 125,000 a year on the contract signed on 26 January 2020.
How big is unit 1602?
840 sqft (78.0 sqm): a one-bedroom hotel apartment on the 16th floor of a 58-storey tower completed in 2019.
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 The Address Residence Fountain View 1 sold for AED 3,700,000 to 4,000,000 in the last 12 months, around AED 4,497 per sqft.
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Mortgage on 1602, The Address Residence Fountain View 1
Starts from the last sale price (AED 3.8M, 4 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,800,000
- Deposit, UAE resident (20%)
- AED 760,000
- Deposit, non-resident (40%)
- AED 1,520,000
- Monthly over 25 years at 3.7%
- AED 15,547
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →