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Studio · 312 sqftAlexis Tower, Jebel Ali Free Zone · 16th floor · completed 2024

1623, Alexis Tower

Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1623 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 475K7 November 2022
Current rentAED 37K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1623, Alexis Tower

What is 1623 worth today?

Last sold for AED 475,000 in 2022

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1 Aug 2026RentedNew contract
AED 37,000/yr12 months · AED 120 per sqft
15 Dec 2025RentedNew contract
AED 48,000/yr12 months · AED 155 per sqft
10 Sep 2025RentedNew contract
AED 44,000/yr12 months · AED 141 per sqft
20 Jul 2025RentedNew contract
AED 45,000/yr12 months · AED 144 per sqft
7 Nov 2022Sold by developerOff-plan
AED 475,000AED 1,524 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
312 sqft
Floor
16th of 16
Parking
1
Developer
Reportage Prime Properties
Completed
2024
Last sold
AED 475K · November 2022
Building
Alexis Tower

About 1623, Alexis Tower

1623 is a studio of 312 sqft on the 16th floor of Alexis Tower, a 16-storey tower in Jebel Ali Free Zone completed in 2024 by Reportage Prime Properties . The developer sold it on 7 November 2022 for AED 475,000, or AED 1,524 per sqft, 22% above the AED 1,251 studios in the building were fetching at the time.

It has been rented continuously since 2025 on 4 Ejari contracts. The current contract, signed on 1 August 2026, is AED 37,000 a year: a gross yield of 7.8% on the 2022 price.

Sales and rents for 1623 over time

Sales
Unit 1623, each saleTypical studio in Alexis Tower
400K500K2021202320252027Typical sale price by year: 2021 AED 404,364; 2022 AED 429,000; 2023 AED 429,000; 2024 AED 470,000; 2025 AED 475,000; 2026 AED 530,000Sold by developer, November 2022: AED 475,000 (AED 1,524 per sqft)

1623 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1623, each contractTypical studio in Alexis Tower
40K45K202520262027Typical rent by year: 2025 AED 44,000; 2026 AED 43,000New contract, July 2025: AED 45,000 a yearNew contract, September 2025: AED 44,000 a yearNew contract, December 2025: AED 48,000 a yearNew contract, August 2026: AED 37,000 a year

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

Studios in Alexis Tower, and where 1623 sits

All 258 studios →

1623 last sold in November 2022 at AED 1,524 per sqft, 22% above what studios in Alexis Tower were fetching at the time (AED 1,251). Over the last 12 months studios sold for AED 300,000 to 660,850, around AED 1,546 per sqft, and rent for AED 30,000 to 60,000 a year. 1623's AED 37,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Oct 2026562,000
24 Jul 2026510,000
17 Jul 2026300,000
9 Jun 2026530,000
22 studio sales in the last 12 months

Alexis Tower

Building

369 apartments, studios to 2-bed over 16 floors in Jebel Ali Free Zone, completed in 2024 by Reportage Prime Properties . 33 sold in the last 12 months.

Typical price per sqft
AED 1,475 Up 19.5%
Typical sale
AED 560K
Typical rent
AED 45K /yr
Typical yield
8.2%
Alexis Tower, Jebel Ali Free Zone: prices, sales and rents →

Other units on the 16th floor

All 369 units in Alexis Tower
Value
1601StudioAED 404K · Jun 2021
1602StudioAED 299K · Feb 2025
16031-bedAED 873K · Oct 2025
1604StudioAED 525K · Dec 2025
1605StudioAED 390K · Dec 2023
1606StudioAED 294K · Sep 2021
1607StudioAED 399K · May 2022
1–7 of 25

1623, Alexis Tower in numbers

  • Sold once: by Reportage Prime Properties on 7 November 2022 for AED 475,000, or AED 1,524 per sqft.
  • Rented since July 2025 on 4 Ejari contracts, from AED 45,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2022 price is 7.8%.
  • Studios in Alexis Tower sold for AED 300,000–660,850 in the 12 months to November 2026; the building's median across all types is AED 1,475 per sqft.

Source: Dubai Land Department. Updated 1 August 2026.

Questions about 1623, Alexis Tower

What did unit 1623 last sell for?

AED 475,000 on 7 November 2022, sold by the developer: AED 1,524 per sqft for 312 sqft. It is the only registered sale of the unit.

What is the rent for unit 1623?

AED 37,000 a year on the contract signed on 1 August 2026. The previous contract, from December 2025, was AED 48,000; the unit has been rented since July 2025.

How big is unit 1623?

312 sqft (29.0 sqm): a studio on the 16th floor of a 16-storey tower completed in 2024.

What is unit 1623 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Alexis Tower sold for AED 300,000 to 660,850 in the last 12 months, around AED 1,546 per sqft.

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Mortgage on 1623, Alexis Tower

Starts from the last sale price (AED 475K, 7 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

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