1-bed · 848 sqftDamac Heights, Dubai Marina · 16th floor · completed 2018

1603, Damac Heights

Sold prices and rental history: sold twice, last in March 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 1.58M25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Damac Heights

What is 1603 worth today?

Last sold for AED 1,575,000 in 2024

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25 Mar 2024SoldReady
AED 1,575,000AED 1,857 per sqft
15 Jun 2016Sold by developerOff-plan
AED 1,760,000AED 2,076 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
1-bed apartment
Size
848 sqft
Floor
16th of 84
Parking
B4-27
Developer
DAMAC
Completed
2018
Service charge
AED 13,700 /yr
Last sold
AED 1.58M · March 2024

About 1603, Damac Heights

1603 is a one-bedroom apartment of 848 sqft on the 16th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 25 March 2024 for AED 1,575,000, or AED 1,857 per sqft, in line with the AED 1,863 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical one-bed in Damac Heights
1M2M2009201420192024Typical sale price by year: 2009 AED 2,038,500; 2012 AED 1,147,000; 2013 AED 2,247,100; 2014 AED 2,107,900; 2015 AED 2,080,550; 2016 AED 2,049,504; 2017 AED 1,879,500; 2018 AED 1,514,016; 2019 AED 1,280,000; 2020 AED 1,100,000; 2021 AED 1,410,000; 2022 AED 1,537,500; 2023 AED 1,712,500; 2024 AED 1,831,000; 2025 AED 1,890,000; 2026 AED 2,005,000Sold by developer, June 2016: AED 1,760,000 (AED 2,076 per sqft)Sold, March 2024: AED 1,575,000 (AED 1,857 per sqft)

1603 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1603, each contractTypical one-bed in Damac Heights
75K100K125K2018202120242027Typical rent by year: 2018 AED 90,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 77,500; 2022 AED 90,000; 2023 AED 102,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 110,000

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

1-beds in Damac Heights, and where 1603 sits

All 285 1-beds →

1603 last sold in March 2024 at AED 1,857 per sqft, in line with what one-beds in Damac Heights were fetching at the time (AED 1,863). Over the last 12 months one-beds sold for AED 1,132,000 to 2,373,731, around AED 2,079 per sqft, and rent for AED 63,966 to 168,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Aug 20262,005,000
22 May 20261,850,000
1 May 20261,515,000
22 Apr 20262,275,000
14 1-bed sales in the last 12 months

Damac Heights

Building

641 apartments, 1-bed to 5-bed over 84 floors in Dubai Marina, completed in 2018 by DAMAC. 41 sold in the last 12 months.

Typical price per sqft
AED 2,042 Up 2.8%
Typical sale
AED 2.85M
Typical rent
AED 140K /yr
Typical yield
5.8%
Damac Heights, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 641 units in Damac Heights
Value
16012-bedAED 3.1M · Apr 2018
16021-bedAED 2.04M · Apr 2016
16041-bedAED 1.55M · Feb 2024
16052-bedAED 2.8M · Jun 2026
16062-bedAED 3.04M · Nov 2019
16072-bedAED 3.83M · Jan 2016
16081-bedAED 2.1M · May 2014
1–7 of 9

1603, Damac Heights in numbers

  • Sold twice: first on 15 June 2016 for AED 1,760,000, last on 25 March 2024 for AED 1,575,000 (AED 1,857 per sqft).
  • One-beds in Damac Heights sold for AED 1,132,000–2,373,731 in the 12 months to November 2026; the building's median across all types is AED 2,042 per sqft.

Source: Dubai Land Department. Updated 25 March 2024.

Questions about 1603, Damac Heights

What did unit 1603 last sell for?

AED 1,575,000 on 25 March 2024: AED 1,857 per sqft for 848 sqft. The unit has 2 registered sales; the first was AED 1,760,000 in June 2016.

How big is unit 1603?

848 sqft (78.8 sqm): a one-bedroom apartment on the 16th floor of a 84-storey tower completed in 2018.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Damac Heights sold for AED 1,132,000 to 2,373,731 in the last 12 months, around AED 2,079 per sqft.

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Mortgage on 1603, Damac Heights

Starts from the last sale price (AED 1.58M, 25 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,575,000
Deposit, UAE resident (20%)
AED 315,000
Deposit, non-resident (40%)
AED 630,000
Monthly over 25 years at 3.7%
AED 6,444

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