2-bed · 1,339 sqftAl Manara Tower, Jumeirah Village Triangle (JVT) · 16th floor · completed 2011

1606, Al Manara Tower

Sold prices and rental history: sold twice, last in March 2023, and rented once, from October 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 29 March 2023
Last soldAED 785K29 March 2023
Current rentAED 73K /yr15 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Al Manara Tower

What is 1606 worth today?

Last sold for AED 785,000 in 2023

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29 Mar 2023SoldReady
AED 785,000AED 586 per sqft
15 Oct 2019RentedNew contract
AED 73,000/yr12 months · AED 55 per sqft
5 Jun 2018Sold by developerOff-plan
AED 1,276,886AED 953 per sqft

Source: Dubai Land Department. Updated 29 March 2023.

Key facts

Type
2-bed apartment
Size
1,339 sqft
Floor
16th of 26
Parking
P4-34
Developer
ETA Star Property Developers
Completed
2011
Service charge
AED 19,000 /yr
Last sold
AED 785K · March 2023

About 1606, Al Manara Tower

1606 is a two-bedroom apartment of 1,339 sqft on the 16th floor of Al Manara Tower, a 26-storey tower in Jumeirah Village Triangle (JVT) completed in 2011 by ETA Star Property Developers. It last sold on 29 March 2023 for AED 785,000, or AED 586 per sqft, 3% above the AED 567 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 October 2019. The current contract, signed on 15 October 2019, is AED 73,000 a year: a gross yield of 9.3% on the 2023 price, before the service charge of about AED 19,000 a year.

Sales and rents for 1606 over time

Sales
Unit 1606, each saleTypical two-bed in Al Manara Tower
1M2016201920222025Typical sale price by year: 2016 AED 1,344,090; 2017 AED 1,344,045; 2018 AED 1,276,886; 2022 AED 755,000; 2023 AED 785,000; 2024 AED 1,150,000Sold by developer, June 2018: AED 1,276,886 (AED 953 per sqft)Sold, March 2023: AED 785,000 (AED 586 per sqft)

1606 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1606, each contractTypical two-bed in Al Manara Tower
60K80K2018202120242027Typical rent by year: 2018 AED 81,000; 2019 AED 73,000; 2020 AED 65,350; 2021 AED 58,000; 2022 AED 71,400; 2023 AED 71,625; 2024 AED 81,000; 2025 AED 83,500; 2026 AED 86,000New contract, October 2019: AED 73,000 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 Al Manara Tower, and where 1606 sits

All 23 2-beds →

1606 last sold in March 2023 at AED 586 per sqft, 3% above what two-beds in Al Manara Tower were fetching at the time (AED 567). Over the last 12 months two-beds sold for AED 1,220,000 to 1,270,000, around AED 933 per sqft, and rent for AED 80,000 to 107,000 a year. 1606's AED 73,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Jan 20261,220,000
11 Nov 20251,270,000
26 May 20251,200,000
5 Dec 20241,200,000
2 2-bed sales in the last 12 months

Al Manara Tower

Building

239 apartments, studios to 2-bed over 26 floors in Jumeirah Village Triangle (JVT), completed in 2011 by ETA Star Property Developers. 20 sold in the last 12 months.

Typical price per sqft
AED 1,044 Up 3.0%
Typical sale
AED 690K
Typical rent
AED 50K /yr
Typical yield
8.3%
Al Manara Tower, Jumeirah Village Triangle (JVT): prices, sales and rents →

Other units on the 16th floor

All 239 units in Al Manara Tower
Value
1601StudioAED 200K · Oct 2022
16021-bedAED 650K · Apr 2024
1603StudioAED 338K · Nov 2016
1604StudioAED 100K · Mar 2023
16051-bedAED 695K · Oct 2026
16071-bedAED 790K · Aug 2017
1608StudioAED 305K · Jan 2023
1–7 of 9

1606, Al Manara Tower in numbers

  • Sold twice: first on 5 June 2018 for AED 1,276,886, last on 29 March 2023 for AED 785,000 (AED 586 per sqft).
  • Rented since October 2019 on one Ejari contract, at AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2023 price is 9.3%, before a service charge of about AED 19,000 a year (AED 14.22 per sqft).
  • Two-beds in Al Manara Tower sold for AED 1,220,000–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 1,044 per sqft.

Source: Dubai Land Department. Updated 29 March 2023.

Questions about 1606, Al Manara Tower

What did unit 1606 last sell for?

AED 785,000 on 29 March 2023: AED 586 per sqft for 1,339 sqft. The unit has 2 registered sales; the first was AED 1,276,886 in June 2018.

What is the rent for unit 1606?

AED 73,000 a year on the contract signed on 15 October 2019.

How big is unit 1606?

1,339 sqft (124.4 sqm): a two-bedroom apartment on the 16th floor of a 26-storey tower completed in 2011.

What is unit 1606 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Manara Tower sold for AED 1,220,000 to 1,270,000 in the last 12 months, around AED 933 per sqft.

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Mortgage on 1606, Al Manara Tower

Starts from the last sale price (AED 785K, 29 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 785,000
Deposit, UAE resident (20%)
AED 157,000
Deposit, non-resident (40%)
AED 314,000
Monthly over 25 years at 3.7%
AED 3,212

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