Home
Dubai prices
About
Research
1-bed · 678 sqftDream Towers 1, Dubai Marina · 16th floor · completed 2009

1608, Dream Towers 1

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

Unit 1608 · DLD and Ejari recordsUpdated 13 July 2017
Last soldAED 450K13 July 2017
Current rentAED 85K /yr27 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1608

Property timeline for 1608, Dream Towers 1

What is 1608 worth today?

Last sold for AED 450,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

13 Jul 2017SoldReady
AED 450,000AED 663 per sqft
27 Aug 2014RentedNew contract
AED 85,000/yr12 months · AED 125 per sqft
8 May 2013SoldReady
AED 720,000AED 1,062 per sqft
23 Jun 2010Sold by developerReady
AED 351,600AED 518 per sqft

Source: Dubai Land Department. Updated 13 July 2017.

Key facts

Type
1-bed apartment
Size
678 sqft
Floor
16th of 29
Parking
B2-F1608
Developer
Desert Dream Investments & Development Properties
Completed
2009
Service charge
AED 15,200 /yr
Last sold
AED 450K · July 2017
Building
Dream Towers 1

About 1608, Dream Towers 1

1608 is a one-bedroom apartment of 678 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 13 July 2017 for AED 450,000, or AED 663 per sqft, 41% below the AED 1,125 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 27 August 2014. The current contract, signed on 27 August 2014, is AED 85,000 a year: a gross yield of 18.9% on the 2017 price, before the service charge of about AED 15,200 a year.

Sales and rents for 1608 over time

Sales
Unit 1608, 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, June 2010: AED 351,600 (AED 518 per sqft)Sold, May 2013: AED 720,000 (AED 1,062 per sqft)Sold, July 2017: AED 450,000 (AED 663 per sqft)

1608 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1608, each contractTypical one-bed in Dream Towers 1
50K75K2012201620202024Typical 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 85,000 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 1608 sits

All 231 1-beds →

1608 last sold in July 2017 at AED 663 per sqft, 41% below 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. 1608's AED 85,000 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
16051-bedAED 820K · Jun 2017
16062-bedNo registered sale
16072-bedNo registered sale
1–7 of 13

1608, Dream Towers 1 in numbers

  • Sold 3 times: first on 23 June 2010 for AED 351,600, last on 13 July 2017 for AED 450,000 (AED 663 per sqft).
  • Rented since August 2014 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2017 price is 18.9%, before a service charge of about AED 15,200 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 13 July 2017.

Questions about 1608, Dream Towers 1

What did unit 1608 last sell for?

AED 450,000 on 13 July 2017: AED 663 per sqft for 678 sqft. The unit has 3 registered sales; the first was AED 351,600 in June 2010.

What is the rent for unit 1608?

AED 85,000 a year on the contract signed on 27 August 2014.

How big is unit 1608?

678 sqft (63.0 sqm): a one-bedroom apartment on the 16th floor of a 29-storey tower completed in 2009.

What is unit 1608 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.

Selling 1608? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1608, Dream Towers 1

Starts from the last sale price (AED 450K, 13 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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