1-bed · 971 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 16th floor · completed 2008

1609, Concorde Tower

Sold prices and rental history: sold 3 times, last in August 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 3 January 2021
Last soldAED 970K18 August 2013
Current rentAED 48K /yr3 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1609, Concorde Tower

What is 1609 worth today?

Last sold for AED 970,000 in 2013

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

3 Jan 2021RentedRenewal
AED 48,000/yr12 months · AED 50 per sqft
3 Jan 2020RentedRenewal
AED 48,000/yr12 months · AED 50 per sqft
3 Jan 2019RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft
18 Aug 2013SoldReady
AED 970,000AED 998 per sqft
10 Feb 2013RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft
16 Feb 2012SoldReady
AED 512,000AED 527 per sqft
8 Dec 2010Sold by developerReady
AED 768,338AED 791 per sqft

Source: Dubai Land Department. Updated 3 January 2021.

Key facts

Type
1-bed apartment
Size
971 sqft
Floor
16th of 43
Parking
(1)
Developer
32 Group Properties
Completed
2008
Service charge
AED 19,300 /yr
Last sold
AED 970K · August 2013

About 1609, Concorde Tower

1609 is a one-bedroom apartment of 971 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 18 August 2013 for AED 970,000, or AED 998 per sqft, 21% above the AED 825 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 3 January 2021, is AED 48,000 a year: a gross yield of 5.0% on the 2013 price, before the service charge of about AED 19,300 a year.

Sales and rents for 1609 over time

Sales
Unit 1609, 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, December 2010: AED 768,338 (AED 791 per sqft)Sold, February 2012: AED 512,000 (AED 527 per sqft)Sold, August 2013: AED 970,000 (AED 998 per sqft)

1609 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1609, each contractTypical one-bed in Concorde Tower
60K80K20112015201920232027Typical 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, February 2013: AED 65,000 a yearNew contract, January 2019: AED 65,000 a yearRenewal, January 2020: AED 48,000 a yearRenewal, January 2021: AED 48,000 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 1609 sits

All 404 1-beds →

1609 last sold in August 2013 at AED 998 per sqft, 21% above what one-beds in Concorde Tower were fetching at the time (AED 825). 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. 1609's AED 48,000 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
16031-bedAED 560K · Jun 2012
1604StudioAED 345K · Oct 2011
16051-bedAED 1.08M · May 2017
16061-bedAED 729K · Aug 2011
16071-bedAED 625K · Oct 2013
1–7 of 12

1609, Concorde Tower in numbers

  • Sold 3 times: first on 8 December 2010 for AED 768,338, last on 18 August 2013 for AED 970,000 (AED 998 per sqft).
  • Rented since February 2013 on 4 Ejari contracts, from AED 65,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2013 price is 5.0%, before a service charge of about AED 19,300 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 3 January 2021.

Questions about 1609, Concorde Tower

What did unit 1609 last sell for?

AED 970,000 on 18 August 2013: AED 998 per sqft for 971 sqft. The unit has 3 registered sales; the first was AED 768,338 in December 2010.

What is the rent for unit 1609?

AED 48,000 a year on the contract renewed on 3 January 2021. The previous contract, from January 2020, was AED 48,000; the unit has been rented since February 2013.

How big is unit 1609?

971 sqft (90.2 sqm): a one-bedroom apartment on the 16th floor of a 43-storey tower completed in 2008.

What is unit 1609 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.

Selling 1609? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1609, Concorde Tower

Starts from the last sale price (AED 970K, 18 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

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