1606, Siraj Tower
Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Siraj Tower
What is 1606 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 415 sqft
- Floor
- 16th of 30
- Parking
- G-14
- Developer
- Al Madar Investment
- Completed
- 2014
- Service charge
- AED 4,100 /yr
- Last sold
- AED 425K · August 2016
- Building
- Siraj Tower
About 1606, Siraj Tower
1606 is a studio of 415 sqft on the 16th floor of Siraj Tower, a 30-storey tower in Arjan completed in 2014 by Al Madar Investment. The developer sold it on 10 August 2016 for AED 424,750, or AED 1,022 per sqft, 118% above the AED 468 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 46,000 a year: a gross yield of 10.8% on the 2016 price, before the service charge of about AED 4,100 a year.
Sales and rents for 1606 over time
1606 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Siraj Tower, and where 1606 sits
All 152 studios →1606 last sold in August 2016 at AED 1,022 per sqft, 118% above what studios in Siraj Tower were fetching at the time (AED 468). Over the last 12 months studios sold for AED 515,000 to 596,000, around AED 1,292 per sqft, and rent for AED 26,000 to 48,000 a year. 1606's AED 46,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Feb 202613 February 2026 | 415 sqft | 565,000 | 1,359 | ||
| 11 Feb 202611 February 2026 | 415 sqft | 596,000 | 1,434 | ||
| 30 Jan 202630 January 2026 | 415 sqft | 540,000 | 1,299 | ||
| 27 Jan 202627 January 2026 | 415 sqft | 515,000 | 1,239 |
Siraj Tower
Building365 apartments, studios to 3-bed over 30 floors in Arjan, completed in 2014 by Al Madar Investment. 25 sold in the last 12 months.
- Typical price per sqft
- AED 1,109 Up 3.2%
- Typical sale
- AED 891K
- Typical rent
- AED 51K /yr
- Typical yield
- 8.2%
Other units on the 16th floor
All 365 units in Siraj Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 858 sqft | AED 930KAED 930,000 · Oct 2024October 2024 | 47,250 /yr | |
| 1602 | Studio | 415 sqft | AED 481KAED 481,350 · Apr 2009April 2009 | ||
| 1603 | Studio | 415 sqft | AED 485KAED 484,876 · Apr 2009April 2009 | ||
| 1604 | Studio | 412 sqft | AED 410KAED 410,000 · Mar 2023March 2023 | 45,000 /yr | |
| 1605 | Studio | 412 sqft | AED 485KAED 484,876 · Apr 2009April 2009 | 36,960 /yr | |
| 1607 | Studio | 415 sqft | AED 480KAED 480,000 · Dec 2016December 2016 | 30,000 /yr | |
| 1608 | 1-bed | 858 sqft | AED 913KAED 913,000 · May 2025May 2025 | 72,000 /yr | |
| 1609 | 1-bed | 811 sqft | AED 705KAED 705,152 · Jun 2016June 2016 | 60,000 /yr | |
| 1610 | 2-bed | 1,414 sqft | AED 1.21MAED 1,210,300 · May 2024May 2024 | 65,000 /yr | |
| 1611 | 3-bed | 2,015 sqft | AED 1.93MAED 1,931,000 · Nov 2024November 2024 | 90,405 /yr | |
| 1612 | 2-bed | 1,414 sqft | AED 1.27MAED 1,274,000 · Jul 2024July 2024 | 66,675 /yr | |
| 1613 | 1-bed | 811 sqft | AED 400KAED 400,000 · Aug 2016August 2016 | 61,000 /yr |
1606, Siraj Tower in numbers
- Sold once: by Al Madar Investment on 10 August 2016 for AED 424,750, or AED 1,022 per sqft.
- Rented since April 2018 on 5 Ejari contracts, from AED 40,000 to AED 46,000 a year.
- At AED 46,000 a year the gross yield on the 2016 price is 10.8%, before a service charge of about AED 4,100 a year (AED 9.86 per sqft).
- Studios in Siraj Tower sold for AED 515,000–596,000 in the 12 months to November 2026; the building's median across all types is AED 1,109 per sqft.
Source: Dubai Land Department. Updated 1 October 2024.
Questions about 1606, Siraj Tower
What did unit 1606 last sell for?
AED 424,750 on 10 August 2016, sold by the developer: AED 1,022 per sqft for 415 sqft. It is the only registered sale of the unit.
What is the rent for unit 1606?
AED 46,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 42,000; the unit has been rented since April 2018.
How big is unit 1606?
415 sqft (38.6 sqm): a studio on the 16th floor of a 30-storey tower completed in 2014.
What is unit 1606 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Siraj Tower sold for AED 515,000 to 596,000 in the last 12 months, around AED 1,292 per sqft.
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Mortgage on 1606, Siraj Tower
Starts from the last sale price (AED 425K, 10 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 424,750
- Deposit, UAE resident (20%)
- AED 84,950
- Deposit, non-resident (40%)
- AED 169,900
- Monthly over 25 years at 3.7%
- AED 1,738
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →