1602, Vida Residence Downtown
Sold prices and rental history: sold 3 times, last in November 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Vida Residence Downtown
What is 1602 worth today?
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Source: Dubai Land Department. Updated 30 November 2023.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 2,012 sqft
- Floor
- 16th of 58
- Parking
- B1-7 ,B1-89
- Developer
- Emaar
- Completed
- 2018
- Last sold
- AED 6.3M · November 2023
- Building
- Vida Residence Downtown
About 1602, Vida Residence Downtown
1602 is a three-bedroom hotel apartment of 2,012 sqft on the 16th floor of Vida Residence Downtown, a 58-storey tower in Downtown Dubai completed in 2018 by Emaar. It last sold on 30 November 2023 for AED 6,300,000, or AED 3,131 per sqft, in line with the AED 3,131 three-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 20 June 2022, is AED 375,000 a year: a gross yield of 5.9% on the 2023 price.
Sales and rents for 1602 over time
1602 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Vida Residence Downtown, and where 1602 sits
All 81 3-beds →1602 last sold in November 2023 at AED 3,131 per sqft, in line with what three-beds in Vida Residence Downtown were fetching at the time (AED 3,131). Over the last 12 months three-beds sold for AED 6,150,000 to 17,500,000, around AED 3,697 per sqft, and rent for AED 310,000 to 820,000 a year. 1602's AED 375,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Sep 20264 September 2026 | 2,229 sqft | 17,500,000 | 7,850 | ||
| 25 Aug 202625 August 2026 | 2,229 sqft | 8,185,000 | 3,671 | ||
| 13 May 202613 May 2026 | 2,014 sqft | 16,000,000 | 7,943 | ||
| 12 May 202612 May 2026 | 2,012 sqft | 6,300,000 | 3,131 |
Vida Residence Downtown
Building343 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2018 by Emaar. 34 sold in the last 12 months.
- Typical price per sqft
- AED 3,198 Up 2.1%
- Typical sale
- AED 4.6M
- Typical rent
- AED 200K /yr
- Typical yield
- 5.4%
Other units on the 16th floor
All 343 units in Vida Residence Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,386 sqft | AED 3.75MAED 3,750,000 · Oct 2022October 2022 | 145,000 /yr | |
| 1603 | 2-bed | 1,389 sqft | AED 2.3MAED 2,300,000 · Jul 2020July 2020 | 295,000 /yr | |
| 1604 | 2-bed | 1,641 sqft | AED 4.11MAED 4,111,888 · Mar 2014March 2014 | 175,000 /yr | |
| 1605 | 1-bed | 774 sqft | AED 1.84MAED 1,840,888 · Aug 2019August 2019 | 110,000 /yr | |
| 1606 | 1-bed | 731 sqft | AED 2.32MAED 2,323,000 · Feb 2025February 2025 | 130,000 /yr | |
| 1607 | 1-bed | 767 sqft | AED 1.65MAED 1,648,888 · Mar 2014March 2014 | 115,948 /yr | |
| 1608 | 2-bed | 1,640 sqft | AED 2MAED 2,000,000 · Oct 2019October 2019 | 250,000 /yr |
1602, Vida Residence Downtown in numbers
- Sold 3 times: first on 27 October 2014 for AED 5,286,888, last on 30 November 2023 for AED 6,300,000 (AED 3,131 per sqft).
- Rented since January 2020 on 2 Ejari contracts, from AED 250,000 to AED 375,000 a year.
- At AED 375,000 a year the gross yield on the 2023 price is 5.9%.
- Three-beds in Vida Residence Downtown sold for AED 6,150,000–17,500,000 in the 12 months to November 2026; the building's median across all types is AED 3,198 per sqft.
Source: Dubai Land Department. Updated 30 November 2023.
Questions about 1602, Vida Residence Downtown
What did unit 1602 last sell for?
AED 6,300,000 on 30 November 2023: AED 3,131 per sqft for 2,012 sqft. The unit has 3 registered sales; the first was AED 5,286,888 in October 2014.
What is the rent for unit 1602?
AED 375,000 a year on the contract signed on 20 June 2022. The previous contract, from January 2020, was AED 250,000.
How big is unit 1602?
2,012 sqft (186.9 sqm): a three-bedroom hotel apartment on the 16th floor of a 58-storey tower completed in 2018.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Vida Residence Downtown sold for AED 6,150,000 to 17,500,000 in the last 12 months, around AED 3,697 per sqft.
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Mortgage on 1602, Vida Residence Downtown
Starts from the last sale price (AED 6.3M, 30 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 6,300,000
- Deposit, UAE resident (20%)
- AED 1,260,000
- Deposit, non-resident (40%)
- AED 2,520,000
- Monthly over 25 years at 3.7%
- AED 25,775
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →