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1-bed · 1,190 sqftAl Mesk Tower, Dubai Marina · 16th floor · completed 2023

1602, Al Mesk Tower

Sold prices and rental history: sold twice, last in July 2024, 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 9 July 2024
Last soldAED 1M9 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Al Mesk Tower

What is 1602 worth today?

Last sold for AED 1,000,000 in 2024

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9 Jul 2024Sold by developerReady
AED 1,000,000AED 840 per sqft
9 Jul 2024SoldReady
AED 1,000,000AED 840 per sqft

Source: Dubai Land Department. Updated 9 July 2024.

Key facts

Type
1-bed apartment
Size
1,190 sqft
Floor
16th of 37
Parking
P1-595
Developer
Emaar
Completed
2023
Service charge
AED 17,500 /yr
Last sold
AED 1M · July 2024
Building
Al Mesk Tower

About 1602, Al Mesk Tower

1602 is a one-bedroom apartment of 1,190 sqft on the 16th floor of Al Mesk Tower, a 37-storey tower in Dubai Marina completed in 2023 by Emaar. The developer sold it on 9 July 2024 for AED 1,000,000, or AED 840 per sqft, 26% below the AED 1,137 one-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 one-bed in Al Mesk Tower
1M2M2008201320182023Typical sale price by year: 2008 AED 1,155,000; 2009 AED 873,000; 2010 AED 817,000; 2011 AED 1,300,750; 2012 AED 1,254,500; 2013 AED 2,225,000; 2014 AED 2,525,000; 2015 AED 2,200,000; 2016 AED 1,500,000; 2017 AED 2,050,000; 2018 AED 1,850,000; 2019 AED 1,625,000; 2023 AED 2,550,000; 2024 AED 1,891,569; 2025 AED 2,567,500Sold by developer, July 2024: AED 1,000,000 (AED 840 per sqft)Sold, July 2024: AED 1,000,000 (AED 840 per sqft)

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

Rents
Unit 1602, each contractTypical one-bed in Al Mesk Tower
100K125K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 125,000; 2014 AED 135,000; 2015 AED 142,500; 2016 AED 142,500; 2017 AED 137,000; 2018 AED 121,250; 2019 AED 110,000; 2020 AED 95,000; 2021 AED 90,000; 2022 AED 110,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 131,000; 2026 AED 130,000

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

1-beds in Al Mesk Tower, and where 1602 sits

All 71 1-beds →

1602 last sold in July 2024 at AED 840 per sqft, 26% below what one-beds in Al Mesk Tower were fetching at the time (AED 1,137). Over the last 12 months one-beds sold for AED 2,550,000 to 3,000,000, around AED 2,048 per sqft, and rent for AED 80,000 to 210,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jan 20262,550,000
17 Nov 20253,000,000
9 Jul 20252,300,000
25 Jun 20253,060,000
2 1-bed sales in the last 12 months

Al Mesk Tower

Building

232 apartments, 1-bed to 5-bed over 37 floors in Dubai Marina, completed in 2023 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 1,904
Typical sale
AED 3.95M
Typical rent
AED 185K /yr
Typical yield
5.6%
Al Mesk Tower, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 232 units in Al Mesk Tower
Value
16012-bedAED 1.86M · Feb 2013
16034-bedAED 1.92M · Mar 2009
16044-bedAED 4.3M · Jul 2008
16051-bedAED 1.8M · Feb 2018
16062-bedAED 3.3M · Jun 2017
16071-bedAED 3M · Oct 2024

1602, Al Mesk Tower in numbers

  • Sold twice: first on 9 July 2024 for AED 1,000,000, last on 9 July 2024 for AED 1,000,000 (AED 840 per sqft).
  • One-beds in Al Mesk Tower sold for AED 2,550,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,904 per sqft.

Source: Dubai Land Department. Updated 9 July 2024.

Questions about 1602, Al Mesk Tower

What did unit 1602 last sell for?

AED 1,000,000 on 9 July 2024, sold by the developer: AED 840 per sqft for 1,190 sqft. The unit has 2 registered sales; the first was AED 1,000,000 in July 2024.

How big is unit 1602?

1,190 sqft (110.6 sqm): a one-bedroom apartment on the 16th floor of a 37-storey tower completed in 2023.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Mesk Tower sold for AED 2,550,000 to 3,000,000 in the last 12 months, around AED 2,048 per sqft.

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Mortgage on 1602, Al Mesk Tower

Starts from the last sale price (AED 1M, 9 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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