1602, Palace Beach Residence 1 at Emaar Beachfront
Sold prices and rental history: sold 3 times, last in October 2024, and rented once, from January 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Palace Beach Residence 1 at Emaar Beachfront
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 400 sqft
- Floor
- 16th of 28
- Parking
- L2-101
- Developer
- Emaar
- Completed
- 2025
- Last sold
- AED 3.15M · October 2024
About 1602, Palace Beach Residence 1 at Emaar Beachfront
1602 is a two-bedroom apartment of 400 sqft on the 16th floor of Palace Beach Residence 1 at Emaar Beachfront, a 28-storey tower in Dubai Harbour completed in 2025 by Emaar. It last sold on 1 October 2024 for AED 3,145,601, or AED 2,632 per sqft, 12% below the AED 3,001 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 January 2026. The current contract, signed on 1 January 2026, is AED 230,000 a year: a gross yield of 7.3% on the 2024 price.
Sales and rents for 1602 over time
1602 has sold 3 times; 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 Beach Residence 1 at Emaar Beachfront, and where 1602 sits
All 48 2-beds →1602 last sold in October 2024 at AED 2,632 per sqft, 12% below what two-beds in Palace Beach Residence 1 at Emaar Beachfront were fetching at the time (AED 3,001). Over the last 12 months two-beds sold for AED 5,000,000 to 5,400,000, around AED 4,247 per sqft, and rent for AED 180,000 to 295,000 a year. 1602's AED 230,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 31 Jan 202631 January 2026 | 1,201 sqft | 5,400,000 | 4,497 | ||
| 18 Dec 202518 December 2025 | 1,201 sqft | 5,100,000 | 4,247 | ||
| 12 Nov 202512 November 2025 | 1,337 sqft | 5,000,000 | 3,739 | ||
| 15 Sep 202515 September 2025 | 1,201 sqft | 5,000,000 | 4,164 |
Palace Beach Residence 1 at Emaar Beachfront
Building221 apartments, 1-bed to 4-bed over 28 floors in Dubai Harbour, completed in 2025 by Emaar. 35 sold in the last 12 months.
- Typical price per sqft
- AED 3,267 Down 1.1%
- Typical sale
- AED 2.8M
- Typical rent
- AED 140K /yr
- Typical yield
- 5.1%
Other units on the 16th floor
All 221 units in Palace Beach Residence 1 at Emaar Beachfront| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,333 sqft | AED 3.25MAED 3,248,421 · Nov 2024November 2024 | 240,000 /yr | |
| 1603 | 3-bed | 1,918 sqft | AED 6.5MAED 6,500,000 · Oct 2026October 2026 | ||
| 1604 | 1-bed | 850 sqft | AED 2.55MAED 2,552,000 · Nov 2023November 2023 | ||
| 1605 | 1-bed | 852 sqft | AED 2.56MAED 2,558,000 · Nov 2023November 2023 | ||
| 1606 | 1-bed | 732 sqft | AED 2.35MAED 2,350,000 · Oct 2024October 2024 | 125,000 /yr | |
| 1607 | 1-bed | 732 sqft | AED 2.2MAED 2,198,000 · Nov 2023November 2023 | ||
| 1608 | 1-bed | 857 sqft | AED 3.15MAED 3,150,000 · Jun 2026June 2026 | 140,000 /yr | |
| 1609 | 1-bed | 867 sqft | AED 2.6MAED 2,601,000 · Nov 2023November 2023 | 148,000 /yr |
1602, Palace Beach Residence 1 at Emaar Beachfront in numbers
- Sold 3 times: first on 15 July 2021 for AED 3,145,601, last on 1 October 2024 for AED 3,145,601 (AED 2,632 per sqft).
- Rented since January 2026 on one Ejari contract, at AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2024 price is 7.3%.
- Two-beds in Palace Beach Residence 1 at Emaar Beachfront sold for AED 5,000,000–5,400,000 in the 12 months to November 2026; the building's median across all types is AED 3,267 per sqft.
Source: Dubai Land Department. Updated 1 January 2026.
Questions about 1602, Palace Beach Residence 1 at Emaar Beachfront
What did unit 1602 last sell for?
AED 3,145,601 on 1 October 2024: AED 2,632 per sqft for 400 sqft. The unit has 3 registered sales; the first was AED 3,145,601 in July 2021.
What is the rent for unit 1602?
AED 230,000 a year on the contract signed on 1 January 2026.
How big is unit 1602?
400 sqft (37.2 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2025.
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 Palace Beach Residence 1 at Emaar Beachfront sold for AED 5,000,000 to 5,400,000 in the last 12 months, around AED 4,247 per sqft.
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Mortgage on 1602, Palace Beach Residence 1 at Emaar Beachfront
Starts from the last sale price (AED 3.15M, 1 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,145,601
- Deposit, UAE resident (20%)
- AED 629,120
- Deposit, non-resident (40%)
- AED 1,258,240
- Monthly over 25 years at 3.7%
- AED 12,870
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →