1-bed · 694 sqftDream Towers 1, Dubai Marina · 16th floor · completed 2009

1605, Dream Towers 1

Sold prices and rental history: sold 3 times, last in June 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 21 April 2024
Last soldAED 820K12 June 2017
Current rentAED 65K /yr21 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1605, Dream Towers 1

What is 1605 worth today?

Last sold for AED 820,000 in 2017

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21 Apr 2024RentedRenewal
AED 65,000/yr12 months · AED 94 per sqft
21 Apr 2024RentedRenewal
AED 65,000/yr12 months · AED 94 per sqft
21 Apr 2023RentedNew contract
AED 65,000/yr12 months · AED 94 per sqft
2 Feb 2022RentedRenewal
AED 37,800/yr12 months · AED 54 per sqft
2 Feb 2021RentedNew contract
AED 36,000/yr12 months · AED 51 per sqft
1 May 2020RentedRenewal
AED 48,000/yr12 months · AED 69 per sqft
1 May 2019RentedNew contract
AED 55,000/yr12 months · AED 79 per sqft
12 Jun 2017SoldReady
AED 820,000AED 1,180 per sqft

Source: Dubai Land Department. Updated 21 April 2024.

Key facts

Type
1-bed apartment
Size
694 sqft
Floor
16th of 29
Parking
B2-F1605
Developer
Desert Dream Investments & Development Properties
Completed
2009
Service charge
AED 15,600 /yr
Last sold
AED 820K · June 2017

About 1605, Dream Towers 1

1605 is a one-bedroom apartment of 694 sqft on the 16th floor of Dream Towers 1, a 29-storey tower in Dubai Marina completed in 2009 by Desert Dream Investments & Development Properties. It last sold on 12 June 2017 for AED 820,000, or AED 1,180 per sqft, 5% above the AED 1,125 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 21 April 2024, is AED 65,000 a year: a gross yield of 7.9% on the 2017 price, before the service charge of about AED 15,600 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, each saleTypical one-bed in Dream Towers 1
500K1M2010201520202025Typical sale price by year: 2010 AED 334,500; 2011 AED 458,000; 2012 AED 550,000; 2013 AED 788,500; 2014 AED 1,000,000; 2015 AED 880,000; 2016 AED 842,500; 2017 AED 800,000; 2019 AED 600,000; 2020 AED 535,000; 2021 AED 500,000; 2022 AED 600,000; 2023 AED 710,000; 2024 AED 860,000; 2025 AED 982,500; 2026 AED 1,100,000Sold by developer, October 2010: AED 482,000 (AED 694 per sqft)Sold, January 2016: AED 850,000 (AED 1,223 per sqft)Sold, June 2017: AED 820,000 (AED 1,180 per sqft)

1605 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1605, each contractTypical one-bed in Dream Towers 1
40K60K80K2012201620202024Typical rent by year: 2012 AED 57,500; 2013 AED 65,000; 2014 AED 78,000; 2015 AED 80,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 55,000; 2020 AED 41,000; 2021 AED 40,000; 2022 AED 47,000; 2023 AED 59,000; 2024 AED 67,000; 2025 AED 70,000; 2026 AED 67,000New contract, August 2014: AED 78,000 a yearNew contract, February 2016: AED 76,500 a yearNew contract, May 2017: AED 72,000 a yearNew contract, May 2019: AED 55,000 a yearRenewal, May 2020: AED 48,000 a yearNew contract, February 2021: AED 36,000 a yearRenewal, February 2022: AED 37,800 a yearNew contract, April 2023: AED 65,000 a yearRenewal, April 2024: AED 65,000 a yearRenewal, April 2024: AED 65,000 a year

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

1-beds in Dream Towers 1, and where 1605 sits

All 231 1-beds →

1605 last sold in June 2017 at AED 1,180 per sqft, 5% above what one-beds in Dream Towers 1 were fetching at the time (AED 1,125). Over the last 12 months one-beds sold for AED 900,000 to 1,150,000, around AED 1,352 per sqft, and rent for AED 52,000 to 170,002 a year. 1605's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Aug 2026900,000
10 Mar 20261,100,000
2 Feb 20261,150,000
17 Nov 20251,000,000
4 1-bed sales in the last 12 months

Dream Towers 1

Building

359 apartments, 1-bed to 4-bed over 29 floors in Dubai Marina, completed in 2009 by Desert Dream Investments & Development Properties. 4 sold in the last 12 months.

Typical price per sqft
AED 1,352
Typical sale
AED 1.05M
Typical rent
AED 75K /yr
Typical yield
6.0%
Dream Towers 1, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 359 units in Dream Towers 1
Value
16011-bedAED 930K · Feb 2025
16021-bedAED 520K · Mar 2021
16031-bedAED 1.02M · Jul 2024
16041-bedAED 416K · Jul 2010
16062-bedNo registered sale
16072-bedNo registered sale
16081-bedAED 450K · Jul 2017
1–7 of 13

1605, Dream Towers 1 in numbers

  • Sold 3 times: first on 27 October 2010 for AED 482,000, last on 12 June 2017 for AED 820,000 (AED 1,180 per sqft).
  • Rented since August 2014 on 10 Ejari contracts. The rent fell from AED 78,000 to AED 36,000 in 2021 and recovered to AED 65,000 by April 2024.
  • At AED 65,000 a year the gross yield on the 2017 price is 7.9%, before a service charge of about AED 15,600 a year (AED 22.41 per sqft).
  • One-beds in Dream Towers 1 sold for AED 900,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,352 per sqft.

Source: Dubai Land Department. Updated 21 April 2024.

Questions about 1605, Dream Towers 1

What did unit 1605 last sell for?

AED 820,000 on 12 June 2017: AED 1,180 per sqft for 694 sqft. The unit has 3 registered sales; the first was AED 482,000 in October 2010.

What is the rent for unit 1605?

AED 65,000 a year on the contract renewed on 21 April 2024. The previous contract, from April 2024, was AED 65,000; the unit has been rented since August 2014.

How big is unit 1605?

694 sqft (64.5 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2009.

What is unit 1605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Dream Towers 1 sold for AED 900,000 to 1,150,000 in the last 12 months, around AED 1,352 per sqft.

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Mortgage on 1605, Dream Towers 1

Starts from the last sale price (AED 820K, 12 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

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