Studio · 472 sqftBotanica Tower, Dubai Marina · 16th floor · completed 2016

1606, Botanica Tower

Sold prices and rental history: sold 4 times, last in November 2016, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 17 November 2016
Last soldAED 1.04M17 November 2016
Current rentAED 75K /yr15 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Botanica Tower

What is 1606 worth today?

Last sold for AED 1,040,000 in 2016

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17 Nov 2016SoldReady
AED 1,040,000AED 2,205 per sqft
21 Jul 2016SoldReady
AED 950,000AED 2,014 per sqft
15 Mar 2016RentedRenewal
AED 75,000/yr12 months · AED 158 per sqft
15 Mar 2015RentedNew contract
AED 75,000/yr12 months · AED 158 per sqft
3 Sep 2013SoldReady
AED 865,039AED 1,834 per sqft
4 Nov 2009Sold by developerOff-plan
AED 1,147,644AED 2,433 per sqft

Source: Dubai Land Department. Updated 17 November 2016.

Key facts

Type
Studio apartment
Size
472 sqft
Floor
16th of 40
Parking
G-7
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 5,300 /yr
Last sold
AED 1.04M · November 2016

About 1606, Botanica Tower

1606 is a studio of 472 sqft on the 16th floor of Botanica Tower, a 40-storey tower in Dubai Marina completed in 2016 by Myra Real Estate Deveiopment . It last sold on 17 November 2016 for AED 1,040,000, or AED 2,205 per sqft, 8% above the AED 2,037 studios in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, renewed on 15 March 2016, is AED 75,000 a year: a gross yield of 7.2% on the 2016 price, before the service charge of about AED 5,300 a year.

Sales and rents for 1606 over time

Sales
Unit 1606, each saleTypical studio in Botanica Tower
750K1M2009201420192024Typical sale price by year: 2009 AED 1,084,467; 2011 AED 787,414; 2012 AED 672,975; 2013 AED 742,018; 2014 AED 1,020,000; 2015 AED 980,000; 2016 AED 980,000; 2017 AED 1,060,000; 2019 AED 700,000; 2021 AED 646,500; 2022 AED 750,000; 2024 AED 1,025,000; 2025 AED 1,120,000; 2026 AED 1,000,000Sold by developer, November 2009: AED 1,147,644 (AED 2,433 per sqft)Sold, September 2013: AED 865,039 (AED 1,834 per sqft)Sold, July 2016: AED 950,000 (AED 2,014 per sqft)Sold, November 2016: AED 1,040,000 (AED 2,205 per sqft)

1606 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1606, each contractTypical studio in Botanica Tower
40K60K80K2013201720212025Typical rent by year: 2013 AED 60,000; 2014 AED 70,000; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 54,250; 2020 AED 48,000; 2021 AED 45,000; 2022 AED 54,500; 2023 AED 60,000; 2024 AED 75,000; 2025 AED 76,000; 2026 AED 65,000New contract, March 2015: AED 75,000 a yearRenewal, March 2016: AED 75,000 a year

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

Studios in Botanica Tower, and where 1606 sits

All 62 studios →

1606 last sold in November 2016 at AED 2,205 per sqft, 8% above what studios in Botanica Tower were fetching at the time (AED 2,037). Over the last 12 months studios sold for AED 920,000 to 1,170,000, around AED 2,276 per sqft, and rent for AED 55,000 to 86,000 a year. 1606's AED 75,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
30 Jul 202638,148
29 Jul 202618,291
28 Jul 202625,023
17 Jul 2026920,000
10 studio sales in the last 12 months

Botanica Tower

Building

365 apartments, studios to 5-bed over 40 floors in Dubai Marina, completed in 2016 by Myra Real Estate Deveiopment . 40 sold in the last 12 months.

Typical price per sqft
AED 1,940 Down 0.9%
Typical sale
AED 1.51M
Typical rent
AED 88K /yr
Typical yield
5.7%
Botanica Tower, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 365 units in Botanica Tower
Value
16011-bedAED 1.5M · Jul 2023
16021-bedAED 1.52M · Mar 2026
16032-bedAED 2.1M · Mar 2024
16041-bedAED 1.35M · Dec 2012
1605StudioAED 980K · Jan 2024
16071-bedAED 700K · Jul 2013
16082-bedAED 1.45M · Dec 2012
1–7 of 10

1606, Botanica Tower in numbers

  • Sold 4 times: first on 4 November 2009 for AED 1,147,644, last on 17 November 2016 for AED 1,040,000 (AED 2,205 per sqft).
  • Rented since March 2015 on 2 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2016 price is 7.2%, before a service charge of about AED 5,300 a year (AED 11.19 per sqft).
  • Studios in Botanica Tower sold for AED 920,000–1,170,000 in the 12 months to November 2026; the building's median across all types is AED 1,940 per sqft.

Source: Dubai Land Department. Updated 17 November 2016.

Questions about 1606, Botanica Tower

What did unit 1606 last sell for?

AED 1,040,000 on 17 November 2016: AED 2,205 per sqft for 472 sqft. The unit has 4 registered sales; the first was AED 1,147,644 in November 2009.

What is the rent for unit 1606?

AED 75,000 a year on the contract renewed on 15 March 2016. The previous contract, from March 2015, was AED 75,000.

How big is unit 1606?

472 sqft (43.9 sqm): a studio on the 16th floor of a 40-storey tower completed in 2016.

What is unit 1606 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Botanica Tower sold for AED 920,000 to 1,170,000 in the last 12 months, around AED 2,276 per sqft.

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Mortgage on 1606, Botanica Tower

Starts from the last sale price (AED 1.04M, 17 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,040,000
Deposit, UAE resident (20%)
AED 208,000
Deposit, non-resident (40%)
AED 416,000
Monthly over 25 years at 3.7%
AED 4,255

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