1-bed · 557 sqftThe Address The BLVD, Downtown Dubai · 16th floor · completed 2017

1615, The Address The BLVD

Sold prices and rental history: sold 3 times, last in December 2017, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1615 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 1.45M25 December 2017
Current rentAED 128K /yr20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1615, The Address The BLVD

What is 1615 worth today?

Last sold for AED 1,450,000 in 2017

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20 Aug 2024RentedRenewal
AED 128,000/yr12 months · AED 229 per sqft
20 Aug 2023RentedRenewal
AED 128,000/yr12 months · AED 229 per sqft
25 Dec 2017SoldReady
AED 1,450,000AED 2,603 per sqft
27 May 2014SoldOff-plan
AED 1,655,832AED 2,972 per sqft
29 Nov 2012Sold by developerOff-plan
AED 1,103,888AED 1,981 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 August 2024.

Key facts

Type
1-bed hotel apartment
Size
557 sqft
Floor
16th of 70
Parking
B3-100
Developer
Emaar
Completed
2017
Last sold
AED 1.45M · December 2017

About 1615, The Address The BLVD

1615 is a one-bedroom hotel apartment of 557 sqft on the 16th floor of The Address The BLVD, a 70-storey tower in Downtown Dubai completed in 2017 by Emaar. It last sold on 25 December 2017 for AED 1,450,000, or AED 2,603 per sqft, 6% below the AED 2,761 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 20 August 2024, is AED 128,000 a year: a gross yield of 8.8% on the 2017 price.

Sales and rents for 1615 over time

Sales
Unit 1615, each saleTypical one-bed in The Address The BLVD
1M2M3M2012201620202024Typical sale price by year: 2012 AED 1,861,888; 2013 AED 2,172,017; 2014 AED 2,605,541; 2015 AED 2,341,705; 2016 AED 2,248,284; 2017 AED 2,500,000; 2018 AED 1,957,888; 2019 AED 1,705,000; 2020 AED 1,600,000; 2021 AED 2,100,000; 2022 AED 2,400,000; 2023 AED 2,830,000; 2024 AED 3,030,000; 2025 AED 3,000,000; 2026 AED 2,750,000Sold by developer, November 2012: AED 1,103,888 (AED 1,981 per sqft)Sold, May 2014: AED 1,655,832 (AED 2,972 per sqft)Sold, December 2017: AED 1,450,000 (AED 2,603 per sqft)

1615 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1615, each contractTypical one-bed in The Address The BLVD
150K200K2020202220242026Typical rent by year: 2020 AED 117,500; 2021 AED 135,000; 2022 AED 174,741; 2023 AED 200,000; 2024 AED 195,000; 2025 AED 190,000; 2026 AED 200,000Renewal, August 2023: AED 128,000 a yearRenewal, August 2024: AED 128,000 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 The Address The BLVD, and where 1615 sits

All 140 1-beds →

1615 last sold in December 2017 at AED 2,603 per sqft, 6% below what one-beds in The Address The BLVD were fetching at the time (AED 2,761). Over the last 12 months one-beds sold for AED 2,500,000 to 3,600,000, around AED 3,147 per sqft, and rent for AED 115,000 to 235,212 a year. 1615's AED 128,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 20263,600,000
5 Feb 20262,750,000
2 Feb 20262,500,000
5 Jan 202691,292
8 1-bed sales in the last 12 months

The Address The BLVD

Building

531 apartments, studios to 5-bed over 70 floors in Downtown Dubai, completed in 2017 by Emaar. 19 sold in the last 12 months.

Typical price per sqft
AED 4,070 Up 10.5%
Typical sale
AED 6.75M
Typical rent
AED 205K /yr
Typical yield
5.8%
The Address The BLVD, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 531 units in The Address The BLVD
Value
16012-bedAED 4.65M · Nov 2012
16021-bedAED 2.29M · Mar 2013
16031-bedAED 3.15M · Jan 2024
16042-bedAED 3.48M · Nov 2012
16052-bedAED 6.41M · May 2024
16061-bedAED 1.2M · Dec 2012
16071-bedAED 3.4M · Jul 2024
1–7 of 15

1615, The Address The BLVD in numbers

  • Sold 3 times: first on 29 November 2012 for AED 1,103,888, last on 25 December 2017 for AED 1,450,000 (AED 2,603 per sqft).
  • Rented since August 2023 on 2 Ejari contracts, at AED 128,000 a year.
  • At AED 128,000 a year the gross yield on the 2017 price is 8.8%.
  • One-beds in The Address The BLVD sold for AED 2,500,000–3,600,000 in the 12 months to November 2026; the building's median across all types is AED 4,070 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 20 August 2024.

Questions about 1615, The Address The BLVD

What did unit 1615 last sell for?

AED 1,450,000 on 25 December 2017: AED 2,603 per sqft for 557 sqft. The unit has 3 registered sales; the first was AED 1,103,888 in November 2012.

What is the rent for unit 1615?

AED 128,000 a year on the contract renewed on 20 August 2024. The previous contract, from August 2023, was AED 128,000.

How big is unit 1615?

557 sqft (51.7 sqm): a one-bedroom hotel apartment on the 16th floor of a 70-storey tower completed in 2017.

What is unit 1615 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Address The BLVD sold for AED 2,500,000 to 3,600,000 in the last 12 months, around AED 3,147 per sqft.

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Mortgage on 1615, The Address The BLVD

Starts from the last sale price (AED 1.45M, 25 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

Plus AED 65,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →