2-bed · 1,131 sqftMont Rose 2, Dubai Science Park (Dubiotech) · 16th floor · completed 2018

1602, Mont Rose 2

Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 6 October 2023
Last soldAED 850K3 April 2023
Current rentAED 58K /yr6 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, Mont Rose 2

What is 1602 worth today?

Last sold for AED 850,000 in 2023

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6 Oct 2023RentedRenewal
AED 58,026/yr6 months · AED 51 per sqft
3 Apr 2023SoldReady
AED 850,000AED 751 per sqft
15 Feb 2023RentedRenewal
AED 54,932/yr8 months · AED 49 per sqft
15 Feb 2022RentedRenewal
AED 55,000/yr12 months · AED 49 per sqft
15 Feb 2021RentedRenewal
AED 50,000/yr12 months · AED 44 per sqft
15 Feb 2020RentedNew contract
AED 60,000/yr12 months · AED 53 per sqft
10 Dec 2014Sold by developerOff-plan
AED 1,383,260AED 1,223 per sqft

Source: Dubai Land Department. Updated 6 October 2023.

Key facts

Type
2-bed apartment
Size
1,131 sqft
Floor
16th of 19
Parking
B1-56
Developer
Deyaar
Completed
2018
Service charge
AED 17,700 /yr
Last sold
AED 850K · April 2023
Building
Mont Rose 2

About 1602, Mont Rose 2

1602 is a two-bedroom apartment of 1,131 sqft on the 16th floor of Mont Rose 2, a 19-storey tower in Dubai Science Park (Dubiotech) completed in 2018 by Deyaar. It last sold on 3 April 2023 for AED 850,000, or AED 751 per sqft, in line with the AED 751 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 6 October 2023, is AED 58,026 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 17,700 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical two-bed in Mont Rose 2
1M1.25M2014201820222026Typical sale price by year: 2014 AED 1,322,085; 2015 AED 1,295,940; 2016 AED 1,300,926; 2017 AED 1,295,845; 2018 AED 1,220,565; 2019 AED 1,390,000; 2022 AED 855,500; 2023 AED 930,000; 2024 AED 1,150,000; 2025 AED 1,290,000; 2026 AED 1,367,025Sold by developer, December 2014: AED 1,383,260 (AED 1,223 per sqft)Sold, April 2023: AED 850,000 (AED 751 per sqft)

1602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1602, each contractTypical two-bed in Mont Rose 2
50K75K100K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 65,000; 2020 AED 55,000; 2021 AED 52,000; 2022 AED 60,000; 2023 AED 74,250; 2024 AED 90,000; 2025 AED 95,000; 2026 AED 93,000New contract, February 2020: AED 60,000 a yearRenewal, February 2021: AED 50,000 a yearRenewal, February 2022: AED 55,000 a yearRenewal, February 2023: AED 54,932 a yearRenewal, October 2023: AED 58,026 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 Mont Rose 2, and where 1602 sits

All 72 2-beds →

1602 last sold in April 2023 at AED 751 per sqft, in line with what two-beds in Mont Rose 2 were fetching at the time (AED 751). Over the last 12 months two-beds sold for AED 1,179,000 to 1,500,000, around AED 1,208 per sqft, and rent for AED 76,230 to 120,000 a year. 1602's AED 58,026 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jun 20261,361,560
12 Jun 20261,367,025
12 Jun 20261,367,025
12 Jun 20261,367,025
9 2-bed sales in the last 12 months

Mont Rose 2

Building

145 apartments, 1-bed to 3-bed over 19 floors in Dubai Science Park (Dubiotech), completed in 2018 by Deyaar. 14 sold in the last 12 months.

Typical price per sqft
AED 1,206
Typical sale
AED 1.36M
Typical rent
AED 73K /yr
Typical yield
7.1%
Mont Rose 2, Dubai Science Park (Dubiotech): prices, sales and rents →

Other units on the 16th floor

All 145 units in Mont Rose 2
Value
16011-bedAED 724K · Dec 2023
16032-bedAED 1.36M · Jun 2015
16041-bedAED 885K · Jan 2025
16051-bedAED 902K · Aug 2017
16062-bedAED 1.35M · Sep 2017
16072-bedAED 1.15M · Jun 2024
16081-bedAED 968K · Jan 2015

1602, Mont Rose 2 in numbers

  • Sold twice: first on 10 December 2014 for AED 1,383,260, last on 3 April 2023 for AED 850,000 (AED 751 per sqft).
  • Rented since February 2020 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 50,000 in 2021 and recovered to AED 58,026 by October 2023.
  • At AED 58,026 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 17,700 a year (AED 15.68 per sqft).
  • Two-beds in Mont Rose 2 sold for AED 1,179,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,206 per sqft.

Source: Dubai Land Department. Updated 6 October 2023.

Questions about 1602, Mont Rose 2

What did unit 1602 last sell for?

AED 850,000 on 3 April 2023: AED 751 per sqft for 1,131 sqft. The unit has 2 registered sales; the first was AED 1,383,260 in December 2014.

What is the rent for unit 1602?

AED 58,026 a year on the contract renewed on 6 October 2023. The previous contract, from February 2023, was AED 54,932; the unit has been rented since February 2020.

How big is unit 1602?

1,131 sqft (105.1 sqm): a two-bedroom apartment on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mont Rose 2 sold for AED 1,179,000 to 1,500,000 in the last 12 months, around AED 1,208 per sqft.

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Mortgage on 1602, Mont Rose 2

Starts from the last sale price (AED 850K, 3 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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