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2-bed · 1,594 sqftThe Point, Dubai Marina · 16th floor · completed 2009

1601, The Point

Sold prices and rental history: sold 4 times, last in April 2017, and rented once, from January 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 12 April 2017
Last soldAED 2.05M12 April 2017
Current rentAED 205K /yr18 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1601, The Point

What is 1601 worth today?

Last sold for AED 2,050,000 in 2017

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12 Apr 2017SoldReady
AED 2,050,000AED 1,285 per sqft
18 Jan 2014RentedNew contract
AED 205,000/yr12 months · AED 129 per sqft
30 May 2012SoldReady
AED 2,000,000AED 1,254 per sqft
23 Jan 2011SoldReady
AED 1,954,505AED 1,225 per sqft
27 Jan 2009Sold by developerOff-plan
AED 1,954,505AED 1,225 per sqft

Source: Dubai Land Department. Updated 12 April 2017.

Key facts

Type
2-bed apartment
Size
1,594 sqft
Floor
16th of 27
Parking
B1-190
Developer
Point Development
Completed
2009
Service charge
AED 38,000 /yr
Last sold
AED 2.05M · April 2017
Building
The Point

About 1601, The Point

1601 is a two-bedroom apartment of 1,594 sqft on the 16th floor of The Point, a 27-storey tower in Dubai Marina completed in 2009 by Point Development. It last sold on 12 April 2017 for AED 2,050,000, or AED 1,285 per sqft.

One Ejari contract is registered, from 18 January 2014. The current contract, signed on 18 January 2014, is AED 205,000 a year: a gross yield of 10.0% on the 2017 price, before the service charge of about AED 38,000 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical two-bed in The Point
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,764,950; 2010 AED 1,342,918; 2011 AED 1,337,634; 2012 AED 1,725,000; 2013 AED 1,986,600; 2017 AED 1,580,000; 2018 AED 1,662,500; 2020 AED 1,220,000; 2021 AED 1,312,500; 2022 AED 1,640,000; 2024 AED 2,200,000; 2025 AED 2,750,000Sold by developer, January 2009: AED 1,954,505 (AED 1,225 per sqft)Sold, January 2011: AED 1,954,505 (AED 1,225 per sqft)Sold, May 2012: AED 2,000,000 (AED 1,254 per sqft)Sold, April 2017: AED 2,050,000 (AED 1,285 per sqft)

1601 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1601, each contractTypical two-bed in The Point
100K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 110,000; 2014 AED 135,000; 2015 AED 135,000; 2016 AED 137,800; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 82,500; 2022 AED 100,000; 2023 AED 112,650; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 128,708New contract, January 2014: AED 205,000 a year

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

2-beds in The Point, and where 1601 sits

All 52 2-beds →

Over the last 12 months two-beds sold for AED 2,200,000 to 3,000,000, around AED 1,815 per sqft, and rent for AED 102,000 to 200,000 a year. 1601's AED 205,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Aug 20262,200,000
10 Apr 20263,000,000
27 Nov 20252,820,000
21 Nov 20252,200,000
4 2-bed sales in the last 12 months

The Point

Building

188 apartments, studios to 4-bed over 27 floors in Dubai Marina, completed in 2009 by Point Development. 17 sold in the last 12 months.

Typical price per sqft
AED 2,035 Up 3.8%
Typical sale
AED 1.73M
Typical rent
AED 90K /yr
Typical yield
5.5%
The Point, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 188 units in The Point
Value
16021-bedAED 1.39M · Mar 2023
16032-bedAED 1.85M · May 2018
16042-bedAED 2.05M · Oct 2025
16051-bedAED 1.02M · Mar 2022
16062-bedAED 2.05M · Aug 2010

1601, The Point in numbers

  • Sold 4 times: first on 27 January 2009 for AED 1,954,505, last on 12 April 2017 for AED 2,050,000 (AED 1,285 per sqft).
  • Rented since January 2014 on one Ejari contract, at AED 205,000 a year.
  • At AED 205,000 a year the gross yield on the 2017 price is 10.0%, before a service charge of about AED 38,000 a year (AED 23.83 per sqft).
  • Two-beds in The Point sold for AED 2,200,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,035 per sqft.

Source: Dubai Land Department. Updated 12 April 2017.

Questions about 1601, The Point

What did unit 1601 last sell for?

AED 2,050,000 on 12 April 2017: AED 1,285 per sqft for 1,594 sqft. The unit has 4 registered sales; the first was AED 1,954,505 in January 2009.

What is the rent for unit 1601?

AED 205,000 a year on the contract signed on 18 January 2014.

How big is unit 1601?

1,594 sqft (148.1 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2009.

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 The Point sold for AED 2,200,000 to 3,000,000 in the last 12 months, around AED 1,815 per sqft.

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Mortgage on 1601, The Point

Starts from the last sale price (AED 2.05M, 12 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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