1602, The Distinction
Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, The Distinction
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,320 sqft
- Floor
- 16th of 52
- Parking
- P2-15
- Developer
- DAMAC
- Completed
- 2016
- Last sold
- AED 3.89M · August 2015
- Building
- The Distinction
About 1602, The Distinction
1602 is a two-bedroom hotel apartment of 1,320 sqft on the 16th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. The developer sold it on 25 August 2015 for AED 3,889,200, or AED 2,945 per sqft, in line with the AED 2,930 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 November 2026, is AED 130,000 a year: a gross yield of 3.3% on the 2015 price.
Sales and rents for 1602 over time
1602 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Distinction, and where 1602 sits
All 129 2-beds →1602 last sold in August 2015 at AED 2,945 per sqft, in line with what two-beds in The Distinction were fetching at the time (AED 2,930). Over the last 12 months two-beds sold for AED 1,400,000 to 2,600,000, around AED 1,647 per sqft, and rent for AED 80,000 to 230,000 a year. 1602's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 1,430 sqft | 1,900,000 | 1,328 | ||
| 11 Sep 202611 September 2026 | 1,242 sqft | 1,700,000 | 1,368 | ||
| 22 Jul 202622 July 2026 | 1,424 sqft | 2,000,000 | 1,404 | ||
| 26 Jun 202626 June 2026 | 1,320 sqft | 1,400,000 | 1,060 |
The Distinction
Building305 apartments, studios to 3-bed over 52 floors in Downtown Dubai, completed in 2016 by DAMAC. 26 sold in the last 12 months.
- Typical price per sqft
- AED 1,757 Up 3.6%
- Typical sale
- AED 1.95M
- Typical rent
- AED 120K /yr
- Typical yield
- 6.5%
Other units on the 16th floor
All 305 units in The Distinction| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 767 sqft | AED 1.22MAED 1,223,040 · Apr 2022April 2022 | 125,000 /yr | |
| 1603 | 3-bed | 2,158 sqft | AED 8MAED 8,000,200 · Aug 2014August 2014 | ||
| 1604 | 2-bed | 1,239 sqft | AED 4.45MAED 4,454,550 · Jun 2014June 2014 | ||
| 1605 | 1-bed | 892 sqft | AED 3.02MAED 3,019,100 · Jun 2014June 2014 | ||
| 1606 | Studio | 520 sqft | AED 2.03MAED 2,030,150 · Nov 2014November 2014 | ||
| 1607 | 3-bed | 1,770 sqft | AED 4.73MAED 4,730,000 · Jun 2015June 2015 |
1602, The Distinction in numbers
- Sold once: by DAMAC on 25 August 2015 for AED 3,889,200, or AED 2,945 per sqft.
- Rented since May 2021 on 5 Ejari contracts, from AED 96,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2015 price is 3.3%.
- Two-beds in The Distinction sold for AED 1,400,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,757 per sqft.
Source: Dubai Land Department. Updated 1 November 2026.
Questions about 1602, The Distinction
What did unit 1602 last sell for?
AED 3,889,200 on 25 August 2015, sold by the developer: AED 2,945 per sqft for 1,320 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 130,000 a year on the contract signed on 1 November 2026. The previous contract, from November 2024, was AED 150,000; the unit has been rented since May 2021.
How big is unit 1602?
1,320 sqft (122.6 sqm): a two-bedroom hotel apartment on the 16th floor of a 52-storey tower completed in 2016.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Distinction sold for AED 1,400,000 to 2,600,000 in the last 12 months, around AED 1,647 per sqft.
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Mortgage on 1602, The Distinction
Starts from the last sale price (AED 3.89M, 25 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 3,889,200
- Deposit, UAE resident (20%)
- AED 777,840
- Deposit, non-resident (40%)
- AED 1,555,680
- Monthly over 25 years at 3.7%
- AED 15,912
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →