Studio · 499 sqftUpper Crest, Downtown Dubai · 16th floor · completed 2015

1608, Upper Crest

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1608 · DLD and Ejari recordsUpdated 14 October 2026
Last soldAED 930K14 November 2023
Current rentAED 68K /yr14 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1608, Upper Crest

What is 1608 worth today?

Last sold for AED 930,000 in 2023

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14 Oct 2026RentedRenewal
AED 68,000/yr12 months · AED 137 per sqft
14 Oct 2025RentedRenewal
AED 75,000/yr12 months · AED 151 per sqft
14 Oct 2024RentedNew contract
AED 75,000/yr12 months · AED 150 per sqft
14 Oct 2024RentedNew contract
AED 75,000/yr12 months · AED 151 per sqft
5 May 2024RentedNew contract
AED 90,000/yr12 months · AED 182 per sqft
14 Nov 2023SoldReady
AED 930,000AED 1,864 per sqft
9 Feb 2021RentedNew contract
AED 40,000/yr12 months · AED 81 per sqft
8 Apr 2019RentedNew contract
AED 60,000/yr12 months · AED 121 per sqft

Source: Dubai Land Department. Updated 14 October 2026.

Key facts

Type
Studio hotel apartment
Size
499 sqft
Floor
16th of 43
Parking
P2-48
Developer
DAMAC
Completed
2015
Last sold
AED 930K · November 2023
Building
Upper Crest

About 1608, Upper Crest

1608 is a studio of 499 sqft on the 16th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. It last sold on 14 November 2023 for AED 930,000, or AED 1,864 per sqft, in line with the AED 1,810 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 10 Ejari contracts. The current contract, renewed on 14 October 2026, is AED 68,000 a year: a gross yield of 7.3% on the 2023 price.

Sales and rents for 1608 over time

Sales
Unit 1608, each saleTypical studio in Upper Crest
500K1M1.5M2012201620202024Typical sale price by year: 2012 AED 902,550; 2013 AED 1,350,130; 2014 AED 1,365,000; 2016 AED 1,226,950; 2020 AED 572,500; 2022 AED 790,000; 2023 AED 885,507; 2024 AED 885,722Sold by developer, June 2014: AED 1,338,750 (AED 2,683 per sqft)Sold, November 2023: AED 930,000 (AED 1,864 per sqft)

1608 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1608, each contractTypical studio in Upper Crest
50K75K2017202020232026Typical rent by year: 2017 AED 65,000; 2018 AED 60,000; 2019 AED 55,000; 2020 AED 46,000; 2021 AED 40,000; 2022 AED 52,000; 2023 AED 60,000; 2024 AED 66,500; 2025 AED 68,250; 2026 AED 65,000New contract, August 2017: AED 72,000 a yearNew contract, February 2018: AED 65,000 a yearRenewal, February 2019: AED 62,500 a yearNew contract, April 2019: AED 60,000 a yearNew contract, February 2021: AED 40,000 a yearNew contract, May 2024: AED 90,000 a yearNew contract, October 2024: AED 75,000 a yearNew contract, October 2024: AED 75,000 a yearRenewal, October 2025: AED 75,000 a yearRenewal, October 2026: AED 68,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Upper Crest, and where 1608 sits

All 70 studios →

1608 last sold in November 2023 at AED 1,864 per sqft, in line with what studios in Upper Crest were fetching at the time (AED 1,810). Over the last 12 months studios sold for AED 1,000,000, around AED 2,264 per sqft, and rent for AED 48,000 to 90,000 a year. 1608's AED 68,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Apr 20261,000,000
1 Apr 20261,000,000
21 Jul 2025980,000
28 Aug 2024920,000
2 studio sales in the last 12 months

Upper Crest

Building

390 apartments, studios to 3-bed over 43 floors in Downtown Dubai, completed in 2015 by DAMAC. 26 sold in the last 12 months.

Typical price per sqft
AED 1,714 Up 3.0%
Typical sale
AED 1.85M
Typical rent
AED 95K /yr
Typical yield
6.4%
Upper Crest, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 390 units in Upper Crest
Value
16012-bedAED 2.03M · Mar 2012
1602StudioAED 791K · Mar 2012
16031-bedAED 1.2M · Jun 2024
16041-bedAED 1.3M · Feb 2025
16051-bedAED 1.5M · May 2025
16061-bedAED 1.49M · Sep 2024
16073-bedAED 3.4M · Jan 2026
1–7 of 10

1608, Upper Crest in numbers

  • Sold twice: first on 26 June 2014 for AED 1,338,750, last on 14 November 2023 for AED 930,000 (AED 1,864 per sqft).
  • Rented since August 2017 on 10 Ejari contracts. The rent fell from AED 72,000 to AED 40,000 in 2021 and recovered to AED 68,000 by October 2026.
  • At AED 68,000 a year the gross yield on the 2023 price is 7.3%.
  • Studios in Upper Crest sold for AED 1,000,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,714 per sqft.

Source: Dubai Land Department. Updated 14 October 2026.

Questions about 1608, Upper Crest

What did unit 1608 last sell for?

AED 930,000 on 14 November 2023: AED 1,864 per sqft for 499 sqft. The unit has 2 registered sales; the first was AED 1,338,750 in June 2014.

What is the rent for unit 1608?

AED 68,000 a year on the contract renewed on 14 October 2026. The previous contract, from October 2025, was AED 75,000; the unit has been rented since August 2017.

How big is unit 1608?

499 sqft (46.4 sqm): a studio on the 16th floor of a 43-storey tower completed in 2015.

What is unit 1608 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Upper Crest sold for AED 1,000,000 to 1,000,000 in the last 12 months, around AED 2,264 per sqft.

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Mortgage on 1608, Upper Crest

Starts from the last sale price (AED 930K, 14 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 930,000
Deposit, UAE resident (20%)
AED 186,000
Deposit, non-resident (40%)
AED 372,000
Monthly over 25 years at 3.7%
AED 3,805

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