1608, Palace Residences - The Lagoons
Sold prices and rental history: sold once, by the developer in June 2019, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Palace Residences - The Lagoons
What is 1608 worth today?
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Source: Dubai Land Department. Updated 1 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,183 sqft
- Floor
- 16th of 43
- Parking
- 1
- Developer
- Emaar
- Completed
- 2022
- Last sold
- AED 1.95M · June 2019
- Building
- Palace Residences - The Lagoons
About 1608, Palace Residences - The Lagoons
1608 is a two-bedroom apartment of 1,183 sqft on the 16th floor of Palace Residences - The Lagoons, a 43-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. The developer sold it on 27 June 2019 for AED 1,951,888, or AED 1,650 per sqft, in line with the AED 1,621 two-beds in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 1 July 2026, is AED 147,000 a year: a gross yield of 7.5% on the 2019 price.
Sales and rents for 1608 over time
1608 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 Palace Residences - The Lagoons, and where 1608 sits
All 276 2-beds →1608 last sold in June 2019 at AED 1,650 per sqft, in line with what two-beds in Palace Residences - The Lagoons were fetching at the time (AED 1,621). Over the last 12 months two-beds sold for AED 2,100,000 to 3,850,000, around AED 2,815 per sqft, and rent for AED 120,750 to 280,000 a year. 1608's AED 147,000 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 | 1,097 sqft | 2,700,000 | 2,460 | ||
| 1 Oct 20261 October 2026 | 1,187 sqft | 3,850,000 | 3,244 | ||
| 22 Sep 202622 September 2026 | 1,104 sqft | 3,100,000 | 2,807 | ||
| 7 Aug 20267 August 2026 | 1,187 sqft | 3,350,000 | 2,822 |
Palace Residences - The Lagoons
Building587 apartments, 1-bed to 4-bed over 43 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 33 sold in the last 12 months.
- Typical price per sqft
- AED 2,907 Up 4.2%
- Typical sale
- AED 2.7M
- Typical rent
- AED 150K /yr
- Typical yield
- 5.1%
Other units on the 16th floor
All 587 units in Palace Residences - The Lagoons| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 696 sqft | AED 1.04MAED 1,043,888 · Jul 2020July 2020 | 120,000 /yr | |
| 1602 | 1-bed | 700 sqft | AED 1.2MAED 1,200,000 · May 2023May 2023 | 130,000 /yr | |
| 1603 | 2-bed | 1,098 sqft | AED 2.2MAED 2,200,000 · Aug 2023August 2023 | 160,000 /yr | |
| 1604 | 3-bed | 1,800 sqft | AED 3.4MAED 3,400,000 · Sep 2022September 2022 | ||
| 1605 | 2-bed | 1,093 sqft | AED 1.91MAED 1,910,888 · May 2019May 2019 | 140,000 /yr | |
| 1606 | 2-bed | 1,102 sqft | AED 2.3MAED 2,300,000 · Mar 2023March 2023 | 165,000 /yr | |
| 1607 | 2-bed | 1,178 sqft | AED 1.75MAED 1,750,000 · Feb 2022February 2022 | 160,000 /yr | |
| 1609 | 1-bed | 696 sqft | AED 1.37MAED 1,365,888 · Nov 2019November 2019 | 130,000 /yr | |
| 1610 | 2-bed | 1,174 sqft | AED 2.15MAED 2,150,000 · Jan 2023January 2023 | ||
| 1611 | 3-bed | 1,779 sqft | AED 4.6MAED 4,600,000 · Jun 2024June 2024 | ||
| 1612 | 1-bed | 705 sqft | AED 1.05MAED 1,051,888 · Jun 2019June 2019 | 137,211 /yr | |
| 1613 | 1-bed | 703 sqft | AED 1.05MAED 1,048,888 · Jun 2019June 2019 | 95,000 /yr | |
| 1614 | 1-bed | 708 sqft | AED 1.06MAED 1,056,888 · Mar 2019March 2019 | 105,000 /yr | |
| 1615 | 1-bed | 709 sqft | AED 1.06MAED 1,058,888 · Jun 2019June 2019 | 100,000 /yr |
1608, Palace Residences - The Lagoons in numbers
- Sold once: by Emaar on 27 June 2019 for AED 1,951,888, or AED 1,650 per sqft.
- Rented since July 2025 on 3 Ejari contracts, at AED 147,000 a year.
- At AED 147,000 a year the gross yield on the 2019 price is 7.5%.
- Two-beds in Palace Residences - The Lagoons sold for AED 2,100,000–3,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,907 per sqft.
Source: Dubai Land Department. Updated 1 July 2026.
Questions about 1608, Palace Residences - The Lagoons
What did unit 1608 last sell for?
AED 1,951,888 on 27 June 2019, sold by the developer: AED 1,650 per sqft for 1,183 sqft. It is the only registered sale of the unit.
What is the rent for unit 1608?
AED 147,000 a year on the contract renewed on 1 July 2026. The previous contract, from July 2025, was AED 147,000; the unit has been rented since July 2025.
How big is unit 1608?
1,183 sqft (109.9 sqm): a two-bedroom apartment on the 16th floor of a 43-storey tower completed in 2022.
What is unit 1608 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Residences - The Lagoons sold for AED 2,100,000 to 3,850,000 in the last 12 months, around AED 2,815 per sqft.
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Mortgage on 1608, Palace Residences - The Lagoons
Starts from the last sale price (AED 1.95M, 27 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,951,888
- Deposit, UAE resident (20%)
- AED 390,378
- Deposit, non-resident (40%)
- AED 780,755
- Monthly over 25 years at 3.7%
- AED 7,986
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →