2-bed · 1,359 sqftNoura Tower, Business Bay · 16th floor · completed 2022

1609, Noura Tower

Sold prices and rental history: sold twice, last in May 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 13 May 2024
Last soldAED 1.34M19 May 2021
Current rentAED 138K /yr13 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1609, Noura Tower

What is 1609 worth today?

Last sold for AED 1,340,000 in 2021

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13 May 2024RentedNew contract
AED 137,500/yr12 months · AED 101 per sqft
24 Apr 2023RentedRenewal
AED 105,000/yr12 months · AED 77 per sqft
24 Apr 2022RentedNew contract
AED 105,000/yr12 months · AED 77 per sqft
8 Oct 2021RentedNew contract
AED 80,000/yr12 months · AED 59 per sqft
19 May 2021SoldReady
AED 1,340,000AED 986 per sqft
8 Oct 2020RentedNew contract
AED 80,000/yr12 months · AED 59 per sqft
10 Sep 2019RentedNew contract
AED 90,000/yr12 months · AED 66 per sqft
22 Aug 2017Sold by developerOff-plan
AED 2,431,759AED 1,790 per sqft

Source: Dubai Land Department. Updated 13 May 2024.

Key facts

Type
2-bed apartment
Size
1,359 sqft
Floor
16th of 68
Parking
L2-313
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 21,100 /yr
Last sold
AED 1.34M · May 2021
Building
Noura Tower

About 1609, Noura Tower

1609 is a two-bedroom apartment of 1,359 sqft on the 16th floor of Noura Tower, a 68-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. It last sold on 19 May 2021 for AED 1,340,000, or AED 986 per sqft, 18% below the AED 1,199 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 13 May 2024, is AED 137,500 a year: a gross yield of 10.3% on the 2021 price, before the service charge of about AED 21,100 a year.

Sales and rents for 1609 over time

Sales
Unit 1609, each saleTypical two-bed in Noura Tower
1M2M3M2016201920222025Typical sale price by year: 2016 AED 3,452,195; 2017 AED 2,661,480; 2018 AED 2,215,112; 2019 AED 2,100,000; 2020 AED 1,813,500; 2021 AED 1,677,488; 2022 AED 1,651,624; 2023 AED 2,290,000; 2024 AED 2,325,000; 2025 AED 2,400,000Sold by developer, August 2017: AED 2,431,759 (AED 1,790 per sqft)Sold, May 2021: AED 1,340,000 (AED 986 per sqft)

1609 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1609, each contractTypical two-bed in Noura Tower
100K150K2018202120242027Typical rent by year: 2018 AED 110,000; 2019 AED 105,000; 2020 AED 95,000; 2021 AED 93,000; 2022 AED 113,250; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 155,000New contract, September 2019: AED 90,000 a yearNew contract, October 2020: AED 80,000 a yearNew contract, October 2021: AED 80,000 a yearNew contract, April 2022: AED 105,000 a yearRenewal, April 2023: AED 105,000 a yearNew contract, May 2024: AED 137,500 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 Noura Tower, and where 1609 sits

All 265 2-beds →

1609 last sold in May 2021 at AED 986 per sqft, 18% below what two-beds in Noura Tower were fetching at the time (AED 1,199). Over the last 12 months two-beds sold for AED 2,300,000 to 2,700,000, around AED 1,654 per sqft, and rent for AED 140,000 to 170,001 a year. 1609's AED 137,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Feb 20262,700,000
6 Dec 20252,300,000
21 Jul 20252,400,000
23 Jun 20252,440,000
2 2-bed sales in the last 12 months

Noura Tower

Building

543 apartments, 1-bed to 6-bed over 68 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. 9 sold in the last 12 months.

Typical price per sqft
AED 1,914
Typical sale
AED 1.75M
Typical rent
AED 149K /yr
Typical yield
6.1%
Noura Tower, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 543 units in Noura Tower
Value
16012-bedAED 2.17M · Dec 2018
16022-bedAED 2.15M · Jul 2024
16031-bedAED 1.83M · Sep 2016
16042-bedAED 3.54M · Aug 2016
16051-bedAED 2.18M · Aug 2016
16061-bedAED 2.34M · Aug 2016
16071-bedAED 1.85M · Sep 2023
1–7 of 10

1609, Noura Tower in numbers

  • Sold twice: first on 22 August 2017 for AED 2,431,759, last on 19 May 2021 for AED 1,340,000 (AED 986 per sqft).
  • Rented since September 2019 on 6 Ejari contracts. The rent fell from AED 90,000 to AED 80,000 in 2021 and recovered to AED 137,500 by May 2024.
  • At AED 137,500 a year the gross yield on the 2021 price is 10.3%, before a service charge of about AED 21,100 a year (AED 15.53 per sqft).
  • Two-beds in Noura Tower sold for AED 2,300,000–2,700,000 in the 12 months to November 2026; the building's median across all types is AED 1,914 per sqft.

Source: Dubai Land Department. Updated 13 May 2024.

Questions about 1609, Noura Tower

What did unit 1609 last sell for?

AED 1,340,000 on 19 May 2021: AED 986 per sqft for 1,359 sqft. The unit has 2 registered sales; the first was AED 2,431,759 in August 2017.

What is the rent for unit 1609?

AED 137,500 a year on the contract signed on 13 May 2024. The previous contract, from April 2023, was AED 105,000; the unit has been rented since September 2019.

How big is unit 1609?

1,359 sqft (126.3 sqm): a two-bedroom apartment on the 16th floor of a 68-storey tower completed in 2022.

What is unit 1609 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Noura Tower sold for AED 2,300,000 to 2,700,000 in the last 12 months, around AED 1,654 per sqft.

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Mortgage on 1609, Noura Tower

Starts from the last sale price (AED 1.34M, 19 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,340,000
Deposit, UAE resident (20%)
AED 268,000
Deposit, non-resident (40%)
AED 536,000
Monthly over 25 years at 3.7%
AED 5,482

Plus AED 61,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →