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1-bed · 860 sqftThe Matrix, Dubai Sports City · 16th floor · completed 2014

1607, The Matrix

Sold prices and rental history: sold once, by the developer in April 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 2 February 2019
Last soldAED 1.6M9 April 2014
Current rentAED 60K /yr2 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1607, The Matrix

What is 1607 worth today?

Last sold for AED 1,600,000 in 2014

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2 Feb 2019RentedNew contract
AED 60,000/yr12 months · AED 70 per sqft
2 Dec 2017RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
29 Oct 2016RentedNew contract
AED 80,000/yr12 months · AED 93 per sqft
1 Jan 2015RentedNew contract
AED 75,000/yr12 months · AED 87 per sqft
9 Apr 2014Sold by developerOff-plan
AED 1,600,000AED 1,859 per sqft

Source: Dubai Land Department. Updated 2 February 2019.

Key facts

Type
1-bed apartment
Size
860 sqft
Floor
16th of 31
Parking
P1-014
Developer
TFG Real Estate
Completed
2014
Service charge
AED 9,200 /yr
Last sold
AED 1.6M · April 2014
Building
The Matrix

About 1607, The Matrix

1607 is a one-bedroom apartment of 860 sqft on the 16th floor of The Matrix, a 31-storey tower in Dubai Sports City completed in 2014 by TFG Real Estate. The developer sold it on 9 April 2014 for AED 1,600,000, or AED 1,859 per sqft.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 2 February 2019, is AED 60,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 9,200 a year.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical one-bed in The Matrix
1M2M20112015201920232027Typical sale price by year: 2011 AED 1,732,618; 2012 AED 1,838,519; 2015 AED 1,580,806; 2016 AED 1,431,650; 2017 AED 1,345,311; 2018 AED 1,425,000; 2019 AED 637,000; 2020 AED 530,000; 2021 AED 715,000; 2022 AED 897,391; 2023 AED 700,000; 2024 AED 775,000; 2025 AED 910,000; 2026 AED 800,000Sold by developer, April 2014: AED 1,600,000 (AED 1,859 per sqft)

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

Rents
Unit 1607, each contractTypical one-bed in The Matrix
40K60K80K2014201820222026Typical rent by year: 2014 AED 83,200; 2015 AED 79,000; 2016 AED 77,400; 2017 AED 74,000; 2018 AED 68,654; 2019 AED 62,000; 2020 AED 52,000; 2021 AED 45,000; 2022 AED 49,250; 2023 AED 52,500; 2024 AED 62,182; 2025 AED 65,000; 2026 AED 65,000New contract, January 2015: AED 75,000 a yearNew contract, October 2016: AED 80,000 a yearNew contract, December 2017: AED 70,000 a yearNew contract, February 2019: AED 60,000 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 The Matrix, and where 1607 sits

All 163 1-beds →

Over the last 12 months one-beds sold for AED 700,000 to 966,350, around AED 838 per sqft, and rent for AED 52,800 to 95,000 a year. 1607's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Sep 2026800,000
17 Jun 2026700,000
4 May 2026900,000
17 Mar 2026860,000
7 1-bed sales in the last 12 months

The Matrix

Building

377 apartments, studios to 3-bed over 31 floors in Dubai Sports City, completed in 2014 by TFG Real Estate. 27 sold in the last 12 months.

Typical price per sqft
AED 968 Up 4.1%
Typical sale
AED 665K
Typical rent
AED 55K /yr
Typical yield
7.5%
The Matrix, Dubai Sports City: prices, sales and rents →

Other units on the 16th floor

All 377 units in The Matrix
Value
16011-bedAED 1.34M · Nov 2015
16021-bedAED 1.85M · Nov 2015
1603StudioAED 671K · Aug 2025
1604StudioAED 1.36M · Jan 2018
1605StudioAED 666K · Aug 2025
16061-bedAED 870K · Oct 2025
16081-bedAED 1.52M · Mar 2018
1–7 of 13

1607, The Matrix in numbers

  • Sold once: by TFG Real Estate on 9 April 2014 for AED 1,600,000, or AED 1,859 per sqft.
  • Rented since January 2015 on 4 Ejari contracts, from AED 75,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 9,200 a year (AED 10.72 per sqft).
  • One-beds in The Matrix sold for AED 700,000–966,350 in the 12 months to November 2026; the building's median across all types is AED 968 per sqft.

Source: Dubai Land Department. Updated 2 February 2019.

Questions about 1607, The Matrix

What did unit 1607 last sell for?

AED 1,600,000 on 9 April 2014, sold by the developer: AED 1,859 per sqft for 860 sqft. It is the only registered sale of the unit.

What is the rent for unit 1607?

AED 60,000 a year on the contract signed on 2 February 2019. The previous contract, from December 2017, was AED 70,000; the unit has been rented since January 2015.

How big is unit 1607?

860 sqft (79.9 sqm): a one-bedroom apartment on the 16th floor of a 31-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 The Matrix sold for AED 700,000 to 966,350 in the last 12 months, around AED 838 per sqft.

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Mortgage on 1607, The Matrix

Starts from the last sale price (AED 1.6M, 9 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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