2-bed · 1,115 sqftCreek Gate Tower 1, Dubai Creek Harbour · 16th floor · completed 2021

1602, Creek Gate Tower 1

Sold prices and rental history: sold twice, last in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 5 October 2022
Last soldAED 1.85M5 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, Creek Gate Tower 1

What is 1602 worth today?

Last sold for AED 1,850,000 in 2022

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5 Oct 2022SoldReady
AED 1,850,000AED 1,659 per sqft
13 Apr 2020Sold by developerOff-plan
AED 1,627,888AED 1,460 per sqft

Source: Dubai Land Department. Updated 5 October 2022.

Key facts

Type
2-bed apartment
Size
1,115 sqft
Floor
16th of 35
Parking
B2-123
Developer
Emaar
Completed
2021
Service charge
AED 16,700 /yr
Last sold
AED 1.85M · October 2022

About 1602, Creek Gate Tower 1

1602 is a two-bedroom apartment of 1,115 sqft on the 16th floor of Creek Gate Tower 1, a 35-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. It last sold on 5 October 2022 for AED 1,850,000, or AED 1,659 per sqft, 3% below the AED 1,711 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical two-bed in Creek Gate Tower 1
2M2017202020232026Typical sale price by year: 2017 AED 1,569,888; 2018 AED 1,859,888; 2019 AED 1,935,388; 2020 AED 1,822,388; 2021 AED 1,913,888; 2022 AED 1,954,000; 2023 AED 2,125,000; 2024 AED 2,325,000; 2025 AED 2,525,000; 2026 AED 2,700,000Sold by developer, April 2020: AED 1,627,888 (AED 1,460 per sqft)Sold, October 2022: AED 1,850,000 (AED 1,659 per sqft)

1602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1602, each contractTypical two-bed in Creek Gate Tower 1
100K120K202220242026Typical rent by year: 2022 AED 88,000; 2023 AED 100,000; 2024 AED 120,000; 2025 AED 130,000; 2026 AED 125,000

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

2-beds in Creek Gate Tower 1, and where 1602 sits

All 133 2-beds →

1602 last sold in October 2022 at AED 1,659 per sqft, 3% below what two-beds in Creek Gate Tower 1 were fetching at the time (AED 1,711). Over the last 12 months two-beds sold for AED 2,225,000 to 2,880,000, around AED 2,391 per sqft, and rent for AED 100,000 to 190,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Jul 20262,700,000
25 Jun 20262,880,000
5 Jan 20262,500,000
25 Nov 20252,225,000
5 2-bed sales in the last 12 months

Creek Gate Tower 1

Building

267 apartments, 1-bed to 4-bed over 35 floors in Dubai Creek Harbour, completed in 2021 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 2,376 Up 0.7%
Typical sale
AED 2.55M
Typical rent
AED 130K /yr
Typical yield
5.1%
Creek Gate Tower 1, Dubai Creek Harbour: prices, sales and rents →

Other units on the 16th floor

All 267 units in Creek Gate Tower 1
Value
16011-bedAED 1.87M · Nov 2024
16033-bedAED 2.56M · Nov 2018
16042-bedAED 1.88M · Feb 2017
16052-bedAED 1.89M · Feb 2017
16063-bedAED 2.59M · Feb 2017
16072-bedAED 1.54M · Mar 2017
16081-bedAED 1.03M · Feb 2017

1602, Creek Gate Tower 1 in numbers

  • Sold twice: first on 13 April 2020 for AED 1,627,888, last on 5 October 2022 for AED 1,850,000 (AED 1,659 per sqft).
  • Two-beds in Creek Gate Tower 1 sold for AED 2,225,000–2,880,000 in the 12 months to November 2026; the building's median across all types is AED 2,376 per sqft.

Source: Dubai Land Department. Updated 5 October 2022.

Questions about 1602, Creek Gate Tower 1

What did unit 1602 last sell for?

AED 1,850,000 on 5 October 2022: AED 1,659 per sqft for 1,115 sqft. The unit has 2 registered sales; the first was AED 1,627,888 in April 2020.

How big is unit 1602?

1,115 sqft (103.6 sqm): a two-bedroom apartment on the 16th floor of a 35-storey tower completed in 2021.

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 Creek Gate Tower 1 sold for AED 2,225,000 to 2,880,000 in the last 12 months, around AED 2,391 per sqft.

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Mortgage on 1602, Creek Gate Tower 1

Starts from the last sale price (AED 1.85M, 5 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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