1-bed · 700 sqftWest Avenue Residential Tower, Dubai Marina · 16th floor · completed 2014

1607, West Avenue Residential Tower

Sold prices and rental history: sold twice, last in December 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1607 · DLD and Ejari recordsUpdated 26 February 2024
Last soldAED 1.02M8 December 2014
Current rentAED 95K /yr26 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1607, West Avenue Residential Tower

What is 1607 worth today?

Last sold for AED 1,016,043 in 2014

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26 Feb 2024RentedNew contract
AED 95,000/yr12 months · AED 136 per sqft
26 Feb 2024RentedNew contract
AED 95,000/yr12 months · AED 136 per sqft
20 Feb 2023RentedRenewal
AED 80,000/yr12 months · AED 114 per sqft
20 Feb 2022RentedRenewal
AED 68,250/yr12 months · AED 98 per sqft
20 Feb 2021RentedRenewal
AED 65,000/yr12 months · AED 93 per sqft
20 Feb 2020RentedRenewal
AED 88,000/yr12 months · AED 126 per sqft
20 Feb 2019RentedNew contract
AED 88,000/yr12 months · AED 126 per sqft
16 Aug 2018RentedNew contract
AED 82,500/yr12 months · AED 118 per sqft

Source: Dubai Land Department. Updated 26 February 2024.

Key facts

Type
1-bed apartment
Size
700 sqft
Floor
16th of 34
Parking
B2-100
Developer
West Avenue
Completed
2014
Service charge
AED 13,800 /yr
Last sold
AED 1.02M · December 2014

About 1607, West Avenue Residential Tower

1607 is a one-bedroom apartment of 700 sqft on the 16th floor of West Avenue Residential Tower, a 34-storey tower in Dubai Marina completed in 2014 by West Avenue. It last sold on 8 December 2014 for AED 1,016,043, or AED 1,451 per sqft, 12% below the AED 1,656 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, signed on 26 February 2024, is AED 95,000 a year: a gross yield of 9.3% on the 2014 price, before the service charge of about AED 13,800 a year.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical one-bed in West Avenue Residential Tower
1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,139,824; 2014 AED 1,185,817; 2015 AED 1,585,375; 2016 AED 1,315,000; 2017 AED 1,525,000; 2018 AED 1,210,000; 2019 AED 1,037,500; 2020 AED 942,500; 2021 AED 1,012,500; 2022 AED 1,172,500; 2023 AED 1,265,000; 2024 AED 1,400,000; 2025 AED 1,420,000; 2026 AED 1,450,000Sold by developer, April 2013: AED 1,016,043 (AED 1,451 per sqft)Sold, December 2014: AED 1,016,043 (AED 1,451 per sqft)

1607 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1607, each contractTypical one-bed in West Avenue Residential Tower
75K100K125K2014201820222026Typical rent by year: 2014 AED 107,500; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 103,500; 2018 AED 95,000; 2019 AED 85,000; 2020 AED 70,000; 2021 AED 68,000; 2022 AED 75,000; 2023 AED 84,000; 2024 AED 97,000; 2025 AED 97,000; 2026 AED 85,000New contract, August 2015: AED 120,000 a yearNew contract, February 2017: AED 105,000 a yearRenewal, February 2018: AED 110,000 a yearNew contract, August 2018: AED 82,500 a yearNew contract, February 2019: AED 88,000 a yearRenewal, February 2020: AED 88,000 a yearRenewal, February 2021: AED 65,000 a yearRenewal, February 2022: AED 68,250 a yearRenewal, February 2023: AED 80,000 a yearNew contract, February 2024: AED 95,000 a yearNew contract, February 2024: AED 95,000 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 West Avenue Residential Tower, and where 1607 sits

All 150 1-beds →

1607 last sold in December 2014 at AED 1,451 per sqft, 12% below what one-beds in West Avenue Residential Tower were fetching at the time (AED 1,656). Over the last 12 months one-beds sold for AED 1,226,899 to 1,650,000, around AED 2,022 per sqft, and rent for AED 60,000 to 137,000 a year. 1607's AED 95,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 20261,300,000
25 Sep 20261,226,899
24 Sep 20261,600,000
27 Jul 202610,437
10 1-bed sales in the last 12 months

West Avenue Residential Tower

Building

271 apartments, studios to 4-bed over 34 floors in Dubai Marina, completed in 2014 by West Avenue. 17 sold in the last 12 months.

Typical price per sqft
AED 2,063 Up 9.1%
Typical sale
AED 1.45M
Typical rent
AED 90K /yr
Typical yield
5.8%
West Avenue Residential Tower, Dubai Marina: prices, sales and rents →
Value
16011-bedAED 1.53M · Sep 2017
16021-bedAED 1.07M · Dec 2014
16031-bedAED 1.65M · Feb 2015
16042-bedAED 2.93M · Nov 2014
16052-bedAED 2.1M · Dec 2014
16061-bedAED 1.08M · Dec 2014
16082-bedAED 1.77M · Dec 2014
1–7 of 8

1607, West Avenue Residential Tower in numbers

  • Sold twice: first on 18 April 2013 for AED 1,016,043, last on 8 December 2014 for AED 1,016,043 (AED 1,451 per sqft).
  • Rented since August 2015 on 11 Ejari contracts. The rent fell from AED 120,000 to AED 65,000 in 2021 and recovered to AED 95,000 by February 2024.
  • At AED 95,000 a year the gross yield on the 2014 price is 9.3%, before a service charge of about AED 13,800 a year (AED 19.72 per sqft).
  • One-beds in West Avenue Residential Tower sold for AED 1,226,899–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 2,063 per sqft.

Source: Dubai Land Department. Updated 26 February 2024.

Questions about 1607, West Avenue Residential Tower

What did unit 1607 last sell for?

AED 1,016,043 on 8 December 2014: AED 1,451 per sqft for 700 sqft. The unit has 2 registered sales; the first was AED 1,016,043 in April 2013.

What is the rent for unit 1607?

AED 95,000 a year on the contract signed on 26 February 2024. The previous contract, from February 2024, was AED 95,000; the unit has been rented since August 2015.

How big is unit 1607?

700 sqft (65.0 sqm): a one-bedroom apartment on the 16th floor of a 34-storey tower completed in 2014.

What is unit 1607 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in West Avenue Residential Tower sold for AED 1,226,899 to 1,650,000 in the last 12 months, around AED 2,022 per sqft.

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Mortgage on 1607, West Avenue Residential Tower

Starts from the last sale price (AED 1.02M, 8 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,016,043
Deposit, UAE resident (20%)
AED 203,209
Deposit, non-resident (40%)
AED 406,417
Monthly over 25 years at 3.7%
AED 4,157

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