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2-bed · 1,794 sqftThe Address The BLVD, Downtown Dubai · 16th floor · completed 2017

1601, The Address The BLVD

Sold prices and rental history: sold twice, last in November 2012, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 3 March 2023
Last soldAED 4.65M13 November 2012
Current rentAED 280K /yr3 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1601, The Address The BLVD

What is 1601 worth today?

Last sold for AED 4,648,650 in 2012

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3 Mar 2023RentedRenewal
AED 280,000/yr12 months · AED 156 per sqft
3 Mar 2022RentedNew contract
AED 280,000/yr12 months · AED 156 per sqft
13 Nov 2012SoldOff-plan
AED 4,648,650AED 2,591 per sqft
23 Oct 2012Sold by developerOff-plan
AED 3,798,888AED 2,117 per sqft

Source: Dubai Land Department. Updated 3 March 2023.

Key facts

Type
2-bed hotel apartment
Size
1,794 sqft
Floor
16th of 70
Parking
B3-157 , B3-158 , B3-292
Developer
Emaar
Completed
2017
Last sold
AED 4.65M · November 2012
Building
The Address The BLVD

About 1601, The Address The BLVD

1601 is a two-bedroom hotel apartment of 1,794 sqft on the 16th floor of The Address The BLVD, a 70-storey tower in Downtown Dubai completed in 2017 by Emaar. It last sold on 13 November 2012 for AED 4,648,650, or AED 2,591 per sqft, 14% above the AED 2,263 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 3 March 2023, is AED 280,000 a year: a gross yield of 6.0% on the 2012 price.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical two-bed in The Address The BLVD
4M6M2012201620202024Typical sale price by year: 2012 AED 3,783,888; 2013 AED 4,200,000; 2014 AED 5,400,000; 2015 AED 4,780,444; 2016 AED 4,200,000; 2017 AED 5,087,500; 2018 AED 3,900,000; 2019 AED 3,450,000; 2020 AED 3,125,000; 2021 AED 3,300,000; 2022 AED 4,342,500; 2023 AED 5,500,000; 2024 AED 6,100,000; 2025 AED 6,232,550; 2026 AED 5,350,000Sold by developer, October 2012: AED 3,798,888 (AED 2,117 per sqft)Sold, November 2012: AED 4,648,650 (AED 2,591 per sqft)

1601 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1601, each contractTypical two-bed in The Address The BLVD
200K300K2020202220242026Typical rent by year: 2020 AED 175,000; 2021 AED 225,000; 2022 AED 290,000; 2023 AED 330,000; 2024 AED 330,000; 2025 AED 335,000; 2026 AED 310,898New contract, March 2022: AED 280,000 a yearRenewal, March 2023: AED 280,000 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 The Address The BLVD, and where 1601 sits

All 187 2-beds →

1601 last sold in November 2012 at AED 2,591 per sqft, 14% above what two-beds in The Address The BLVD were fetching at the time (AED 2,263). Over the last 12 months two-beds sold for AED 3,100,000 to 8,000,000, around AED 3,810 per sqft, and rent for AED 170,000 to 640,000 a year. 1601's AED 280,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Oct 20265,000,000
16 Oct 20265,100,000
21 Sep 20265,800,000
8 Sep 20265,500,000
14 2-bed sales in the last 12 months

The Address The BLVD

Building

531 apartments, studios to 5-bed over 70 floors in Downtown Dubai, completed in 2017 by Emaar. 47 sold in the last 12 months.

Typical price per sqft
AED 3,811 Up 3.5%
Typical sale
AED 5.05M
Typical rent
AED 200K /yr
Typical yield
5.6%
The Address The BLVD, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 531 units in The Address The BLVD
Value
16021-bedAED 2.29M · Mar 2013
16031-bedAED 3.15M · Jan 2024
16042-bedAED 3.48M · Nov 2012
16052-bedAED 6.41M · May 2024
16061-bedAED 1.2M · Dec 2012
16071-bedAED 3.4M · Jul 2024
16082-bedAED 3.8M · Nov 2012
1–7 of 15

1601, The Address The BLVD in numbers

  • Sold twice: first on 23 October 2012 for AED 3,798,888, last on 13 November 2012 for AED 4,648,650 (AED 2,591 per sqft).
  • Rented since March 2022 on 2 Ejari contracts, at AED 280,000 a year.
  • At AED 280,000 a year the gross yield on the 2012 price is 6.0%.
  • Two-beds in The Address The BLVD sold for AED 3,100,000–8,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,811 per sqft.

Source: Dubai Land Department. Updated 3 March 2023.

Questions about 1601, The Address The BLVD

What did unit 1601 last sell for?

AED 4,648,650 on 13 November 2012: AED 2,591 per sqft for 1,794 sqft. The unit has 2 registered sales; the first was AED 3,798,888 in October 2012.

What is the rent for unit 1601?

AED 280,000 a year on the contract renewed on 3 March 2023. The previous contract, from March 2022, was AED 280,000.

How big is unit 1601?

1,794 sqft (166.7 sqm): a two-bedroom hotel apartment on the 16th floor of a 70-storey tower completed in 2017.

What is unit 1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Address The BLVD sold for AED 3,100,000 to 8,000,000 in the last 12 months, around AED 3,810 per sqft.

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Mortgage on 1601, The Address The BLVD

Starts from the last sale price (AED 4.65M, 13 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 4,648,650
Deposit, UAE resident (20%)
AED 929,730
Deposit, non-resident (40%)
AED 1,859,460
Monthly over 25 years at 3.7%
AED 19,019

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