1-bed · 744 sqftOne Park Avenue, Sobha Hartland · 16th floor · completed 2022

1610, One Park Avenue

Sold prices and rental history: sold once, by the developer in July 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1610 · DLD and Ejari recordsUpdated 16 November 2024
Last soldAED 1.1M5 July 2021
Current rentAED 80K /yr16 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1610, One Park Avenue

What is 1610 worth today?

Last sold for AED 1,101,608 in 2021

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16 Nov 2024RentedRenewal
AED 80,001/yr7 months · AED 108 per sqft
16 Nov 2023RentedRenewal
AED 80,000/yr12 months · AED 108 per sqft
16 Nov 2022RentedNew contract
AED 80,000/yr12 months · AED 108 per sqft
5 Jul 2021Sold by developerOff-plan
AED 1,101,608AED 1,481 per sqft

Source: Dubai Land Department. Updated 16 November 2024.

Key facts

Type
1-bed apartment
Size
744 sqft
Floor
16th of 24
Parking
P1-155
Developer
Sobha
Completed
2022
Last sold
AED 1.1M · July 2021

About 1610, One Park Avenue

1610 is a one-bedroom apartment of 744 sqft on the 16th floor of One Park Avenue, a 24-storey tower in Sobha Hartland completed in 2022 by Sobha. The developer sold it on 5 July 2021 for AED 1,101,608, or AED 1,481 per sqft, in line with the AED 1,463 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 16 November 2024, is AED 80,001 a year: a gross yield of 7.3% on the 2021 price.

Sales and rents for 1610 over time

Sales
Unit 1610, each saleTypical one-bed in One Park Avenue
1.25M1.5M2020202220242026Typical sale price by year: 2020 AED 1,101,608; 2021 AED 1,100,336; 2022 AED 1,142,295; 2023 AED 1,150,000; 2024 AED 1,580,000; 2025 AED 1,600,000; 2026 AED 1,550,000Sold by developer, July 2021: AED 1,101,608 (AED 1,481 per sqft)

1610 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1610, each contractTypical one-bed in One Park Avenue
80K90K202220242026Typical rent by year: 2022 AED 80,000; 2023 AED 85,000; 2024 AED 90,000; 2025 AED 95,000; 2026 AED 92,000New contract, November 2022: AED 80,000 a yearRenewal, November 2023: AED 80,000 a yearRenewal, November 2024: AED 80,001 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 One Park Avenue, and where 1610 sits

All 94 1-beds →

1610 last sold in July 2021 at AED 1,481 per sqft, in line with what one-beds in One Park Avenue were fetching at the time (AED 1,463). Over the last 12 months one-beds sold for AED 1,310,000 to 1,700,000, around AED 2,106 per sqft, and rent for AED 65,000 to 119,678 a year. 1610's AED 80,001 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Aug 20261,650,000
12 Jun 20261,450,000
16 May 20261,310,000
6 Jan 20261,700,000
4 1-bed sales in the last 12 months

One Park Avenue

Building

397 apartments, 1-bed to 4-bed over 24 floors in Sobha Hartland, completed in 2022 by Sobha. 26 sold in the last 12 months.

Typical price per sqft
AED 1,989 Down 5.6%
Typical sale
AED 2.28M
Typical rent
AED 150K /yr
Typical yield
6.2%
One Park Avenue, Sobha Hartland: prices, sales and rents →

Other units on the 16th floor

All 397 units in One Park Avenue
Value
16011-bedAED 1.16M · Jul 2021
16021-bedAED 1.17M · Oct 2020
16032-bedAED 2.35M · Sep 2024
16042-bedAED 1.79M · Dec 2021
16052-bedAED 2M · Feb 2023
16063-bedAED 2.4M · Oct 2022
16073-bedAED 2.23M · Dec 2021
1–7 of 15

1610, One Park Avenue in numbers

  • Sold once: by Sobha on 5 July 2021 for AED 1,101,608, or AED 1,481 per sqft.
  • Rented since November 2022 on 3 Ejari contracts, from AED 80,000 to AED 80,001 a year.
  • At AED 80,001 a year the gross yield on the 2021 price is 7.3%.
  • One-beds in One Park Avenue sold for AED 1,310,000–1,700,000 in the 12 months to November 2026; the building's median across all types is AED 1,989 per sqft.

Source: Dubai Land Department. Updated 16 November 2024.

Questions about 1610, One Park Avenue

What did unit 1610 last sell for?

AED 1,101,608 on 5 July 2021, sold by the developer: AED 1,481 per sqft for 744 sqft. It is the only registered sale of the unit.

What is the rent for unit 1610?

AED 80,001 a year on the contract renewed on 16 November 2024. The previous contract, from November 2023, was AED 80,000; the unit has been rented since November 2022.

How big is unit 1610?

744 sqft (69.1 sqm): a one-bedroom apartment on the 16th floor of a 24-storey tower completed in 2022.

What is unit 1610 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in One Park Avenue sold for AED 1,310,000 to 1,700,000 in the last 12 months, around AED 2,106 per sqft.

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Mortgage on 1610, One Park Avenue

Starts from the last sale price (AED 1.1M, 5 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,101,608
Deposit, UAE resident (20%)
AED 220,322
Deposit, non-resident (40%)
AED 440,643
Monthly over 25 years at 3.7%
AED 4,507

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