1601, Princess Tower
Sold prices and rental history: sold 3 times, last in September 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Princess Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 2 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,314 sqft
- Floor
- 16th of 96
- Parking
- B6-61
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 21,800 /yr
- Last sold
- AED 1.9M · September 2024
- Building
- Princess Tower
About 1601, Princess Tower
1601 is a two-bedroom apartment of 1,314 sqft on the 16th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 2 September 2024 for AED 1,900,000, or AED 1,446 per sqft, 9% below the AED 1,597 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 29 September 2023, is AED 115,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 21,800 a year.
Sales and rents for 1601 over time
1601 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Princess Tower, and where 1601 sits
All 298 2-beds →1601 last sold in September 2024 at AED 1,446 per sqft, 9% below what two-beds in Princess Tower were fetching at the time (AED 1,597). Over the last 12 months two-beds sold for AED 1,250,000 to 2,600,000, around AED 1,732 per sqft, and rent for AED 50,000 to 252,000 a year. 1601's AED 115,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Aug 202611 August 2026 | 1,189 sqft | 40,505 | 34 | ||
| 10 Aug 202610 August 2026 | 1,314 sqft | 131,419 | 100 | ||
| 3 Aug 20263 August 2026 | 1,183 sqft | 1,800,000 | 1,522 | ||
| 6 May 20266 May 2026 | 1,733 sqft | 2,575,000 | 1,486 |
Princess Tower
Building763 apartments, 1-bed to 5-bed over 96 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 42 sold in the last 12 months.
- Typical price per sqft
- AED 1,608 Up 0.4%
- Typical sale
- AED 2.05M
- Typical rent
- AED 105K /yr
- Typical yield
- 5.7%
Other units on the 16th floor
All 763 units in Princess Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 923 sqft | AED 1MAED 1,000,000 · Oct 2012October 2012 | 89,250 /yr | |
| 1603 | 3-bed | 2,014 sqft | AED 2.45MAED 2,453,810 · Oct 2012October 2012 | 190,000 /yr | |
| 1604 | 2-bed | 1,189 sqft | AED 1.8MAED 1,800,000 · Jul 2018July 2018 | 150,000 /yr | |
| 1605 | 2-bed | 1,189 sqft | AED 1.52MAED 1,523,452 · Sep 2012September 2012 | 102,740 /yr | |
| 1606 | 3-bed | 2,014 sqft | AED 2.08MAED 2,077,050 · Jul 2022July 2022 | 50,000 /yr | |
| 1607 | 1-bed | 923 sqft | AED 1.15MAED 1,150,000 · May 2013May 2013 | ||
| 1608 | 2-bed | 1,314 sqft | AED 1.6MAED 1,600,000 · Sep 2016September 2016 | 110,000 /yr | |
| 1609 | 1-bed | 865 sqft | AED 898KAED 898,206 · Oct 2012October 2012 | 74,000 /yr | |
| 1610 | 1-bed | 864 sqft | AED 898KAED 898,206 · Oct 2012October 2012 | 95,000 /yr |
1601, Princess Tower in numbers
- Sold 3 times: first on 23 December 2009 for AED 1,207,778, last on 2 September 2024 for AED 1,900,000 (AED 1,446 per sqft).
- Rented since January 2013 on 10 Ejari contracts. The rent fell from AED 95,000 to AED 70,000 in 2021 and recovered to AED 115,000 by September 2023.
- At AED 115,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 21,800 a year (AED 16.62 per sqft).
- Two-beds in Princess Tower sold for AED 1,250,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,608 per sqft.
Source: Dubai Land Department. Updated 2 September 2024.
Questions about 1601, Princess Tower
What did unit 1601 last sell for?
AED 1,900,000 on 2 September 2024: AED 1,446 per sqft for 1,314 sqft. The unit has 3 registered sales; the first was AED 1,207,778 in December 2009.
What is the rent for unit 1601?
AED 115,000 a year on the contract signed on 29 September 2023. The previous contract, from July 2022, was AED 85,000; the unit has been rented since January 2013.
How big is unit 1601?
1,314 sqft (122.1 sqm): a two-bedroom apartment on the 16th floor of a 96-storey tower completed in 2012.
What is unit 1601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Princess Tower sold for AED 1,250,000 to 2,600,000 in the last 12 months, around AED 1,732 per sqft.
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Mortgage on 1601, Princess Tower
Starts from the last sale price (AED 1.9M, 2 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →