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Studio · 428 sqftBoulevard Central 2, Downtown Dubai · 16th floor · completed 2012

1603, Boulevard Central 2

Sold prices and rental history: sold 3 times, last in December 2012, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 16 July 2020
Last soldAED 840K27 December 2012
Current rentAED 51K /yr16 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Boulevard Central 2

What is 1603 worth today?

Last sold for AED 840,000 in 2012

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16 Jul 2020RentedNew contract
AED 51,000/yr12 months · AED 118 per sqft
22 Nov 2016RentedNew contract
AED 80,000/yr12 months · AED 186 per sqft
27 Dec 2012SoldReady
AED 840,000AED 1,961 per sqft
28 Nov 2012SoldReady · flagged as an outlier
AED 886,888AED 14,304 per sqft
29 Jun 2010Sold by developerOff-plan
AED 886,888AED 2,070 per sqft

Source: Dubai Land Department. Updated 16 July 2020.

Key facts

Type
Studio apartment
Size
428 sqft
Floor
16th of 22
Parking
B3-3129
Developer
Emaar
Completed
2012
Service charge
AED 10,400 /yr
Last sold
AED 840K · December 2012
Building
Boulevard Central 2

About 1603, Boulevard Central 2

1603 is a studio of 428 sqft on the 16th floor of Boulevard Central 2, a 22-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 27 December 2012 for AED 840,000, or AED 1,961 per sqft, 26% above the AED 1,553 studios in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 16 July 2020, is AED 51,000 a year: a gross yield of 6.1% on the 2012 price, before the service charge of about AED 10,400 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical studio in Boulevard Central 2
500K1M20102013201620192022Typical sale price by year: 2010 AED 868,888; 2011 AED 437,444; 2012 AED 691,000; 2013 AED 855,388; 2014 AED 1,045,888; 2015 AED 840,000; 2016 AED 1,100,000; 2018 AED 1,060,000; 2019 AED 765,000; 2021 AED 862,500Sold by developer, June 2010: AED 886,888 (AED 2,070 per sqft)Sold, December 2012: AED 840,000 (AED 1,961 per sqft)

1603 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1603, each contractTypical studio in Boulevard Central 2
40K60K80K2013201720212025Typical rent by year: 2013 AED 65,000; 2014 AED 75,000; 2015 AED 80,000; 2016 AED 75,175; 2017 AED 75,000; 2018 AED 64,500; 2019 AED 60,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 58,000; 2023 AED 67,500; 2024 AED 73,260; 2025 AED 75,000New contract, November 2016: AED 80,000 a yearNew contract, July 2020: AED 51,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Boulevard Central 2, and where 1603 sits

All 32 studios →

1603 last sold in December 2012 at AED 1,961 per sqft, 26% above what studios in Boulevard Central 2 were fetching at the time (AED 1,553). Over the last 12 months studios sold for AED 1,270,000, around AED 2,965 per sqft, and rent for AED 66,851 to 78,000 a year. 1603's AED 51,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Jan 20261,270,000
16 Jul 20251,360,000
11 Jun 20241,100,000
3 Jun 20241,350,000
1 studio sale in the last 12 months

Boulevard Central 2

Building

191 apartments, studios to 3-bed over 22 floors in Downtown Dubai, completed in 2012 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,156
Typical sale
AED 1.93M
Typical rent
AED 125K /yr
Typical yield
5.9%
Boulevard Central 2, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 191 units in Boulevard Central 2
Value
1601AED 2.85M · Nov 2025
16022-bedAED 3.85M · Oct 2015
1604StudioAED 443K · Feb 2013
16051-bedAED 706K · Aug 2013
16061-bedAED 1.47M · Jun 2010
16071-bedAED 1.27M · Jun 2013
16081-bedAED 1.62M · Jul 2014
1–7 of 9

1603, Boulevard Central 2 in numbers

  • Sold 3 times: first on 29 June 2010 for AED 886,888, last on 27 December 2012 for AED 840,000 (AED 1,961 per sqft).
  • Rented since November 2016 on 2 Ejari contracts, from AED 80,000 to AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2012 price is 6.1%, before a service charge of about AED 10,400 a year (AED 24.19 per sqft).
  • Studios in Boulevard Central 2 sold for AED 1,270,000–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 2,156 per sqft.

Source: Dubai Land Department. Updated 16 July 2020.

Questions about 1603, Boulevard Central 2

What did unit 1603 last sell for?

AED 840,000 on 27 December 2012: AED 1,961 per sqft for 428 sqft. The unit has 3 registered sales; the first was AED 886,888 in June 2010.

What is the rent for unit 1603?

AED 51,000 a year on the contract signed on 16 July 2020. The previous contract, from November 2016, was AED 80,000.

How big is unit 1603?

428 sqft (39.8 sqm): a studio on the 16th floor of a 22-storey tower completed in 2012.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Boulevard Central 2 sold for AED 1,270,000 to 1,270,000 in the last 12 months, around AED 2,965 per sqft.

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Mortgage on 1603, Boulevard Central 2

Starts from the last sale price (AED 840K, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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