1601, The Distinction
Sold prices and rental history: sold once, by the developer in April 2022, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, The Distinction
What is 1601 worth today?
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Source: Dubai Land Department. Updated 14 November 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 767 sqft
- Floor
- 16th of 52
- Parking
- P2-14
- Developer
- DAMAC
- Completed
- 2016
- Last sold
- AED 1.22M · April 2022
- Building
- The Distinction
About 1601, The Distinction
1601 is a one-bedroom apartment of 767 sqft on the 16th floor of The Distinction, a 52-storey tower in Downtown Dubai completed in 2016 by DAMAC. The developer sold it on 25 April 2022 for AED 1,223,040, or AED 1,595 per sqft, 10% above the AED 1,450 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 14 November 2022. The current contract, signed on 14 November 2022, is AED 90,000 a year: a gross yield of 7.4% on the 2022 price.
Sales and rents for 1601 over time
1601 has sold once; 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 The Distinction, and where 1601 sits
All 92 1-beds →1601 last sold in April 2022 at AED 1,595 per sqft, 10% above what one-beds in The Distinction were fetching at the time (AED 1,450). Over the last 12 months one-beds sold for AED 1,550,000 to 1,800,960, around AED 1,849 per sqft, and rent for AED 80,000 to 110,000 a year. 1601's AED 90,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 892 sqft | 1,550,000 | 1,737 | ||
| 14 Apr 202514 April 2025 | 767 sqft | 1,050,000 | 1,369 | ||
| 6 Mar 20256 March 2025 | 766 sqft | 1,450,000 | 1,893 | ||
| 4 Feb 20254 February 2025 | 767 sqft | 1,270,000 | 1,656 |
The Distinction
Building305 apartments, studios to 3-bed over 52 floors in Downtown Dubai, completed in 2016 by DAMAC. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,804
- Typical sale
- AED 1.8M
- Typical rent
- AED 143K /yr
- Typical yield
- 6.7%
Other units on the 16th floor
All 305 units in The Distinction| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 2-bed | 1,320 sqft | AED 3.89MAED 3,889,200 · Aug 2015August 2015 | 150,000 /yr | |
| 1603 | 3-bed | 2,158 sqft | AED 8MAED 8,000,200 · Aug 2014August 2014 | ||
| 1604 | 2-bed | 1,239 sqft | AED 4.45MAED 4,454,550 · Jun 2014June 2014 | ||
| 1605 | 1-bed | 892 sqft | AED 3.02MAED 3,019,100 · Jun 2014June 2014 | ||
| 1606 | Studio | 520 sqft | AED 2.03MAED 2,030,150 · Nov 2014November 2014 | ||
| 1607 | 3-bed | 1,770 sqft | AED 4.73MAED 4,730,000 · Jun 2015June 2015 |
1601, The Distinction in numbers
- Sold once: by DAMAC on 25 April 2022 for AED 1,223,040, or AED 1,595 per sqft.
- Rented since November 2022 on one Ejari contract, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2022 price is 7.4%.
- One-beds in The Distinction sold for AED 1,550,000–1,800,960 in the 12 months to November 2026; the building's median across all types is AED 1,804 per sqft.
Source: Dubai Land Department. Updated 14 November 2022.
Questions about 1601, The Distinction
What did unit 1601 last sell for?
AED 1,223,040 on 25 April 2022, sold by the developer: AED 1,595 per sqft for 767 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 90,000 a year on the contract signed on 14 November 2022.
How big is unit 1601?
767 sqft (71.3 sqm): a one-bedroom apartment on the 16th floor of a 52-storey tower completed in 2016.
What is unit 1601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Distinction sold for AED 1,550,000 to 1,800,960 in the last 12 months, around AED 1,849 per sqft.
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Mortgage on 1601, The Distinction
Starts from the last sale price (AED 1.22M, 25 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,223,040
- Deposit, UAE resident (20%)
- AED 244,608
- Deposit, non-resident (40%)
- AED 489,216
- Monthly over 25 years at 3.7%
- AED 5,004
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →