1603, Collective Tower 1
Sold prices and rental history: sold 3 times, last in December 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Collective Tower 1
What is 1603 worth today?
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Source: Dubai Land Department. Updated 31 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 720 sqft
- Floor
- 16th of 16
- Parking
- B1-160
- Developer
- Dubai Hills Estate
- Completed
- 2022
- Service charge
- AED 1,900 /yr
- Last sold
- AED 1.62M · December 2024
- Building
- Collective Tower 1
About 1603, Collective Tower 1
1603 is a two-bedroom apartment of 720 sqft on the 16th floor of Collective Tower 1, a 16-storey tower in Dubai Hills Estate completed in 2022 by Dubai Hills Estate. It last sold on 27 December 2024 for AED 1,620,000, or AED 2,251 per sqft, in line with the AED 2,277 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 31 January 2025, is AED 105,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 1,900 a year.
Sales and rents for 1603 over time
1603 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 Collective Tower 1, and where 1603 sits
All 128 2-beds →1603 last sold in December 2024 at AED 2,251 per sqft, in line with what two-beds in Collective Tower 1 were fetching at the time (AED 2,277). Over the last 12 months two-beds sold for AED 1,350,000 to 1,750,000, around AED 2,362 per sqft, and rent for AED 80,400 to 150,000 a year. 1603's AED 105,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Sep 202610 September 2026 | 720 sqft | 1,620,000 | 2,251 | ||
| 25 Aug 202625 August 2026 | 731 sqft | 1,350,000 | 1,847 | ||
| 24 Jul 202624 July 2026 | 722 sqft | 13,599 | 18 | ||
| 24 Jul 202624 July 2026 | 722 sqft | 6,481 | 8 |
Collective Tower 1
Building249 apartments, 1-bed to 2-bed over 16 floors in Dubai Hills Estate, completed in 2022 by Dubai Hills Estate. 25 sold in the last 12 months.
- Typical price per sqft
- AED 2,385 Down 3.4%
- Typical sale
- AED 1.35M
- Typical rent
- AED 90K /yr
- Typical yield
- 6.5%
Other units on the 16th floor
All 249 units in Collective Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 741 sqft | AED 1.5MAED 1,500,000 · Mar 2023March 2023 | 105,000 /yr | |
| 1602 | 2-bed | 725 sqft | AED 1.06MAED 1,059,888 · Nov 2018November 2018 | 120,000 /yr | |
| 1604 | 1-bed | 488 sqft | AED 830KAED 830,000 · Sep 2022September 2022 | 85,000 /yr | |
| 1605 | 2-bed | 746 sqft | AED 1.06MAED 1,063,888 · Jun 2019June 2019 | 100,000 /yr | |
| 1606 | 2-bed | 730 sqft | AED 1.04MAED 1,042,888 · Jul 2019July 2019 | ||
| 1607 | 1-bed | 474 sqft | AED 785KAED 784,888 · Sep 2021September 2021 | 100,000 /yr | |
| 1608 | 1-bed | 476 sqft | AED 1.25MAED 1,250,000 · Mar 2025March 2025 | 95,000 /yr | |
| 1609 | 1-bed | 491 sqft | AED 1.35MAED 1,350,000 · Aug 2025August 2025 | 100,000 /yr |
1603, Collective Tower 1 in numbers
- Sold 3 times: first on 18 June 2019 for AED 1,034,888, last on 27 December 2024 for AED 1,620,000 (AED 2,251 per sqft).
- Rented since January 2023 on 4 Ejari contracts, from AED 100,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 1,900 a year (AED 2.70 per sqft).
- Two-beds in Collective Tower 1 sold for AED 1,350,000–1,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,385 per sqft.
Source: Dubai Land Department. Updated 31 January 2025.
Questions about 1603, Collective Tower 1
What did unit 1603 last sell for?
AED 1,620,000 on 27 December 2024: AED 2,251 per sqft for 720 sqft. The unit has 3 registered sales; the first was AED 1,034,888 in June 2019.
What is the rent for unit 1603?
AED 105,000 a year on the contract signed on 31 January 2025. The previous contract, from January 2025, was AED 105,000; the unit has been rented since January 2023.
How big is unit 1603?
720 sqft (66.9 sqm): a two-bedroom apartment on the 16th floor of a 16-storey tower completed in 2022.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Collective Tower 1 sold for AED 1,350,000 to 1,750,000 in the last 12 months, around AED 2,362 per sqft.
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Mortgage on 1603, Collective Tower 1
Starts from the last sale price (AED 1.62M, 27 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,620,000
- Deposit, UAE resident (20%)
- AED 324,000
- Deposit, non-resident (40%)
- AED 648,000
- Monthly over 25 years at 3.7%
- AED 6,628
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →