1602, The Point
Sold prices and rental history: sold 5 times, last in March 2023, 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 1602, The Point
What is 1602 worth today?
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Source: Dubai Land Department. Updated 14 March 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 760 sqft
- Floor
- 16th of 27
- Parking
- B2-136
- Developer
- Point Development
- Completed
- 2009
- Service charge
- AED 18,100 /yr
- Last sold
- AED 1.39M · March 2023
- Building
- The Point
About 1602, The Point
1602 is a one-bedroom apartment of 760 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 14 March 2023 for AED 1,390,000, or AED 1,830 per sqft, 19% above the AED 1,533 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 13 July 2021, is AED 60,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 18,100 a year.
Sales and rents for 1602 over time
1602 has sold 5 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Point, and where 1602 sits
All 104 1-beds →1602 last sold in March 2023 at AED 1,830 per sqft, 19% above what one-beds in The Point were fetching at the time (AED 1,533). Over the last 12 months one-beds sold for AED 1,380,000 to 2,000,000, around AED 2,104 per sqft, and rent for AED 47,500 to 128,000 a year. 1602's AED 60,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Sep 20269 September 2026 | 760 sqft | 1,650,000 | 2,172 | ||
| 7 Aug 20267 August 2026 | 758 sqft | 1,500,000 | 1,978 | ||
| 26 Jun 202626 June 2026 | 786 sqft | 1,600,000 | 2,035 | ||
| 17 Jun 202617 June 2026 | 760 sqft | 1,500,000 | 1,974 |
The Point
Building188 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%
Other units on the 16th floor
All 188 units in The Point| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,594 sqft | AED 2.05MAED 2,050,000 · Apr 2017April 2017 | 205,000 /yr | |
| 1603 | 2-bed | 1,212 sqft | AED 1.85MAED 1,850,000 · May 2018May 2018 | 120,000 /yr | |
| 1604 | 2-bed | 1,212 sqft | AED 2.05MAED 2,050,000 · Oct 2025October 2025 | 116,886 /yr | |
| 1605 | 1-bed | 760 sqft | AED 1.02MAED 1,020,000 · Mar 2022March 2022 | 76,000 /yr | |
| 1606 | 2-bed | 1,594 sqft | AED 2.05MAED 2,045,896 · Aug 2010August 2010 | 150,000 /yr |
1602, The Point in numbers
- Sold 5 times: first on 27 January 2009 for AED 942,262, last on 14 March 2023 for AED 1,390,000 (AED 1,830 per sqft).
- Rented since July 2013 on 7 Ejari contracts, from AED 75,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 18,100 a year (AED 23.83 per sqft).
- One-beds in The Point sold for AED 1,380,000–2,000,000 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 14 March 2023.
Questions about 1602, The Point
What did unit 1602 last sell for?
AED 1,390,000 on 14 March 2023: AED 1,830 per sqft for 760 sqft. The unit has 5 registered sales; the first was AED 942,262 in January 2009.
What is the rent for unit 1602?
AED 60,000 a year on the contract renewed on 13 July 2021. The previous contract, from July 2020, was AED 60,000; the unit has been rented since July 2013.
How big is unit 1602?
760 sqft (70.6 sqm): a one-bedroom apartment on the 16th floor of a 27-storey tower completed in 2009.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Point sold for AED 1,380,000 to 2,000,000 in the last 12 months, around AED 2,104 per sqft.
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Mortgage on 1602, The Point
Starts from the last sale price (AED 1.39M, 14 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,390,000
- Deposit, UAE resident (20%)
- AED 278,000
- Deposit, non-resident (40%)
- AED 556,000
- Monthly over 25 years at 3.7%
- AED 5,687
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →