1602, Al Fahad Tower 2
Sold prices and rental history: sold twice, last in May 2022, 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 1602, Al Fahad Tower 2
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,052 sqft
- Floor
- 16th of 24
- Parking
- B1-041.G-099
- Developer
- Alfahad Holding Real Estates Inviestments
- Completed
- 2016
- Service charge
- AED 19,600 /yr
- Last sold
- AED 587K · May 2022
- Building
- Al Fahad Tower 2
About 1602, Al Fahad Tower 2
1602 is a one-bedroom apartment of 1,052 sqft on the 16th floor of Al Fahad Tower 2, a 24-storey tower in Barsha Heights completed in 2016 by Alfahad Holding Real Estates Inviestments. It last sold on 17 May 2022 for AED 586,755, or AED 557 per sqft, in line with the AED 557 one-beds 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 November 2024, is AED 102,000 a year: a gross yield of 17.4% on the 2022 price, before the service charge of about AED 19,600 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Fahad Tower 2, and where 1602 sits
All 44 1-beds →1602 last sold in May 2022 at AED 557 per sqft, in line with what one-beds in Al Fahad Tower 2 were fetching at the time (AED 557). 1602's AED 102,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jul 20243 July 2024 | 1,051 sqft | 830,000 | 789 | ||
| 28 Dec 202328 December 2023 | 1,051 sqft | 800,000 | 761 | ||
| 11 Oct 202311 October 2023 | 1,051 sqft | 700,000 | 665 | ||
| 25 May 202325 May 2023 | 1,051 sqft | 730,000 | 694 |
Al Fahad Tower 2
Building223 apartments, 1-bed to 3-bed over 24 floors in Barsha Heights, completed in 2016 by Alfahad Holding Real Estates Inviestments. 1 sold in the last 12 months.
- Typical price per sqft
- AED 928
- Typical sale
- AED 1.1M
- Typical rent
- AED 110K /yr
- Typical yield
- 8.3%
Other units on the 16th floor
All 223 units in Al Fahad Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1,397 sqft | AED 1.19MAED 1,189,249 · Aug 2025August 2025 | 125,000 /yr | ||
| 1603 | 1-bed | 1,051 sqft | AED 1.26MAED 1,263,632 · May 2018May 2018 | 80,000 /yr | |
| 1604 | 2,890 sqft | AED 1.87MAED 1,871,728 · Sep 2025September 2025 | 50,000 /yr | ||
| 1605 | 2-bed | 1,234 sqft | AED 1.2MAED 1,197,504 · Aug 2018August 2018 | 155,000 /yr | |
| 1606 | 2-bed | 1,185 sqft | AED 1.17MAED 1,171,236 · Feb 2019February 2019 | 50,000 /yr | |
| 1607 | 2-bed | 1,344 sqft | AED 1.32MAED 1,317,821 · Feb 2019February 2019 | 126,000 /yr | |
| 1608 | 2-bed | 1,451 sqft | AED 1.43MAED 1,429,342 · Oct 2015October 2015 | 128,000 /yr | |
| 1609 | 2-bed | 1,174 sqft | AED 1.16MAED 1,160,501 · Oct 2015October 2015 | 126,000 /yr | |
| 1610 | 3-bed | 2,190 sqft | AED 2.11MAED 2,107,575 · Oct 2015October 2015 | 159,863 /yr |
1602, Al Fahad Tower 2 in numbers
- Sold twice: first on 5 March 2018 for AED 751,994, last on 17 May 2022 for AED 586,755 (AED 557 per sqft).
- Rented since April 2018 on 5 Ejari contracts. The rent fell from AED 75,000 to AED 55,000 in 2020 and recovered to AED 102,000 by November 2024.
- At AED 102,000 a year the gross yield on the 2022 price is 17.4%, before a service charge of about AED 19,600 a year (AED 18.59 per sqft).
Source: Dubai Land Department. Updated 1 November 2024.
Questions about 1602, Al Fahad Tower 2
What did unit 1602 last sell for?
AED 586,755 on 17 May 2022: AED 557 per sqft for 1,052 sqft. The unit has 2 registered sales; the first was AED 751,994 in March 2018.
What is the rent for unit 1602?
AED 102,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 94,000; the unit has been rented since April 2018.
How big is unit 1602?
1,052 sqft (97.7 sqm): a one-bedroom apartment on the 16th floor of a 24-storey tower completed in 2016.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1602, Al Fahad Tower 2
Starts from the last sale price (AED 587K, 17 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 586,755
- Deposit, UAE resident (20%)
- AED 117,351
- Deposit, non-resident (40%)
- AED 234,702
- Monthly over 25 years at 3.7%
- AED 2,401
Plus AED 29,654 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →