1-bed · 819 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 16th floor · completed 2008

1603, Concorde Tower

Sold prices and rental history: sold twice, last in June 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 5 November 2025
Last soldAED 560K11 June 2012
Current rentAED 66K /yr5 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Concorde Tower

What is 1603 worth today?

Last sold for AED 560,000 in 2012

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5 Nov 2025RentedRenewal
AED 66,000/yr12 months · AED 81 per sqft
5 Nov 2024RentedNew contract
AED 60,000/yr12 months · AED 73 per sqft
5 Nov 2023RentedNew contract
AED 52,800/yr12 months · AED 65 per sqft
5 Nov 2022RentedNew contract
AED 48,000/yr12 months · AED 59 per sqft
5 Nov 2021RentedRenewal
AED 40,000/yr12 months · AED 49 per sqft
5 Nov 2020RentedNew contract
AED 40,000/yr12 months · AED 49 per sqft
1 Nov 2019RentedRenewal
AED 62,000/yr12 months · AED 76 per sqft
1 Nov 2018RentedRenewal
AED 70,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 5 November 2025.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
16th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 16,300 /yr
Last sold
AED 560K · June 2012

About 1603, Concorde Tower

1603 is a one-bedroom apartment of 819 sqft on the 16th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 11 June 2012 for AED 560,000, or AED 683 per sqft, 6% above the AED 647 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 5 November 2025, is AED 66,000 a year: a gross yield of 11.8% on the 2012 price, before the service charge of about AED 16,300 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical one-bed in Concorde Tower
500K1M2010201520202025Typical sale price by year: 2010 AED 770,114; 2011 AED 585,000; 2012 AED 575,000; 2013 AED 787,600; 2014 AED 1,073,000; 2015 AED 1,005,354; 2016 AED 1,035,000; 2017 AED 910,000; 2018 AED 825,000; 2019 AED 675,000; 2020 AED 535,000; 2021 AED 600,000; 2022 AED 750,000; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,077,500; 2026 AED 1,165,000Sold by developer, January 2011: AED 509,124 (AED 621 per sqft)Sold, June 2012: AED 560,000 (AED 683 per sqft)

1603 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1603, each contractTypical one-bed in Concorde Tower
40K60K80K20112015201920232027Typical rent by year: 2011 AED 48,000; 2012 AED 53,000; 2013 AED 65,000; 2014 AED 75,000; 2015 AED 82,000; 2016 AED 82,000; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 60,170; 2020 AED 50,000; 2021 AED 47,000; 2022 AED 57,000; 2023 AED 65,000; 2024 AED 73,500; 2025 AED 80,000; 2026 AED 78,000New contract, August 2013: AED 65,000 a yearNew contract, November 2017: AED 70,000 a yearRenewal, November 2018: AED 70,000 a yearRenewal, November 2019: AED 62,000 a yearNew contract, November 2020: AED 40,000 a yearRenewal, November 2021: AED 40,000 a yearNew contract, November 2022: AED 48,000 a yearNew contract, November 2023: AED 52,800 a yearNew contract, November 2024: AED 60,000 a yearRenewal, November 2025: AED 66,000 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 Concorde Tower, and where 1603 sits

All 404 1-beds →

1603 last sold in June 2012 at AED 683 per sqft, 6% above what one-beds in Concorde Tower were fetching at the time (AED 647). Over the last 12 months one-beds sold for AED 800,000 to 1,500,000, around AED 1,236 per sqft, and rent for AED 30,000 to 198,450 a year. 1603's AED 66,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Oct 20261,274,510
2 Sep 20261,200,000
26 Aug 2026835,000
2 Jul 20261,300,000
25 1-bed sales in the last 12 months

Concorde Tower

Building

470 apartments, studios to 3-bed over 43 floors in Jumeirah Lake Towers (JLT), completed in 2008 by 32 Group Properties. 29 sold in the last 12 months.

Typical price per sqft
AED 1,257 Up 5.5%
Typical sale
AED 1.11M
Typical rent
AED 75K /yr
Typical yield
7.4%
Concorde Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 16th floor

All 470 units in Concorde Tower
Value
16011-bedAED 565K · Sep 2012
16021-bedAED 550K · Nov 2012
1604StudioAED 345K · Oct 2011
16051-bedAED 1.08M · May 2017
16061-bedAED 729K · Aug 2011
16071-bedAED 625K · Oct 2013
16081-bedAED 1.25M · Aug 2023
1–7 of 12

1603, Concorde Tower in numbers

  • Sold twice: first on 5 January 2011 for AED 509,124, last on 11 June 2012 for AED 560,000 (AED 683 per sqft).
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 65,000 to AED 40,000 in 2021 and recovered to AED 66,000 by November 2025.
  • At AED 66,000 a year the gross yield on the 2012 price is 11.8%, before a service charge of about AED 16,300 a year (AED 19.92 per sqft).
  • One-beds in Concorde Tower sold for AED 800,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,257 per sqft.

Source: Dubai Land Department. Updated 5 November 2025.

Questions about 1603, Concorde Tower

What did unit 1603 last sell for?

AED 560,000 on 11 June 2012: AED 683 per sqft for 819 sqft. The unit has 2 registered sales; the first was AED 509,124 in January 2011.

What is the rent for unit 1603?

AED 66,000 a year on the contract renewed on 5 November 2025. The previous contract, from November 2024, was AED 60,000; the unit has been rented since August 2013.

How big is unit 1603?

819 sqft (76.1 sqm): a one-bedroom apartment on the 16th floor of a 43-storey tower completed in 2008.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Concorde Tower sold for AED 800,000 to 1,500,000 in the last 12 months, around AED 1,236 per sqft.

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Mortgage on 1603, Concorde Tower

Starts from the last sale price (AED 560K, 11 June 2012). Switch to today's estimate once you have unlocked it.
Price
AED 560,000
Deposit, UAE resident (20%)
AED 112,000
Deposit, non-resident (40%)
AED 224,000
Monthly over 25 years at 3.7%
AED 2,291

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