2-bed · 1,221 sqftUpper Crest, Downtown Dubai · 16th floor · completed 2015

1611, Upper Crest

Sold prices and rental history: sold once, by the developer in July 2012, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1611 · DLD and Ejari recordsUpdated 30 August 2024
Last soldAED 2.01M2 July 2012
Current rentAED 145K /yr30 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1611, Upper Crest

What is 1611 worth today?

Last sold for AED 2,006,400 in 2012

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30 Aug 2024RentedNew contract
AED 145,000/yr12 months · AED 119 per sqft
30 Aug 2023RentedRenewal
AED 129,800/yr12 months · AED 107 per sqft
30 Aug 2022RentedNew contract
AED 118,000/yr12 months · AED 97 per sqft
30 Aug 2022RentedNew contract
AED 118,000/yr12 months · AED 97 per sqft
15 Jul 2021RentedRenewal
AED 70,000/yr12 months · AED 58 per sqft
15 Jul 2020RentedNew contract
AED 75,000/yr12 months · AED 62 per sqft
5 Jun 2019RentedRenewal
AED 98,000/yr12 months · AED 81 per sqft
5 Jun 2018RentedNew contract
AED 110,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 30 August 2024.

Key facts

Type
2-bed hotel apartment
Size
1,221 sqft
Floor
16th of 43
Parking
P2-53
Developer
DAMAC
Completed
2015
Last sold
AED 2.01M · July 2012
Building
Upper Crest

About 1611, Upper Crest

1611 is a two-bedroom hotel apartment of 1,221 sqft on the 16th floor of Upper Crest, a 43-storey tower in Downtown Dubai completed in 2015 by DAMAC. The developer sold it on 2 July 2012 for AED 2,006,400, or AED 1,643 per sqft, in line with the AED 1,684 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 30 August 2024, is AED 145,000 a year: a gross yield of 7.2% on the 2012 price.

Sales and rents for 1611 over time

Sales
Unit 1611, each saleTypical two-bed in Upper Crest
1M2M3M2012201620202024Typical sale price by year: 2012 AED 2,069,100; 2013 AED 2,853,525; 2014 AED 2,846,250; 2016 AED 3,100,000; 2018 AED 1,630,000; 2021 AED 1,140,198; 2022 AED 1,450,000; 2023 AED 1,974,000; 2024 AED 2,050,000; 2025 AED 2,000,000Sold by developer, July 2012: AED 2,006,400 (AED 1,643 per sqft)

1611 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1611, each contractTypical two-bed in Upper Crest
100K150K2017202020232026Typical rent by year: 2017 AED 110,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 75,000; 2021 AED 85,552; 2022 AED 110,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 131,625; 2026 AED 139,791New contract, June 2018: AED 110,000 a yearRenewal, June 2019: AED 98,000 a yearNew contract, July 2020: AED 75,000 a yearRenewal, July 2021: AED 70,000 a yearNew contract, August 2022: AED 118,000 a yearNew contract, August 2022: AED 118,000 a yearRenewal, August 2023: AED 129,800 a yearNew contract, August 2024: AED 145,000 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 Upper Crest, and where 1611 sits

All 101 2-beds →

1611 last sold in July 2012 at AED 1,643 per sqft, in line with what two-beds in Upper Crest were fetching at the time (AED 1,684). Over the last 12 months two-beds sold for AED 1,900,000 to 2,100,000, around AED 1,746 per sqft, and rent for AED 70,000 to 170,000 a year. 1611's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Dec 20251,950,000
17 Jul 20252,000,000
3 Jul 20252,200,000
26 Jun 20251,930,000
4 2-bed sales in the last 12 months

Upper Crest

Building

390 apartments, studios to 3-bed over 43 floors in Downtown Dubai, completed in 2015 by DAMAC. 10 sold in the last 12 months.

Typical price per sqft
AED 1,697 Up 2.0%
Typical sale
AED 1.83M
Typical rent
AED 100K /yr
Typical yield
6.7%
Upper Crest, Downtown Dubai: prices, sales and rents →

Other units on the 16th floor

All 390 units in Upper Crest
Value
16012-bedAED 2.03M · Mar 2012
1602StudioAED 791K · Mar 2012
16031-bedAED 1.2M · Jun 2024
16041-bedAED 1.3M · Feb 2025
16051-bedAED 1.5M · May 2025
16061-bedAED 1.49M · Sep 2024
16073-bedAED 3.4M · Jan 2026
1–7 of 10

1611, Upper Crest in numbers

  • Sold once: by DAMAC on 2 July 2012 for AED 2,006,400, or AED 1,643 per sqft.
  • Rented since June 2018 on 8 Ejari contracts. The rent fell from AED 110,000 to AED 70,000 in 2021 and recovered to AED 145,000 by August 2024.
  • At AED 145,000 a year the gross yield on the 2012 price is 7.2%.
  • Two-beds in Upper Crest sold for AED 1,900,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,697 per sqft.

Source: Dubai Land Department. Updated 30 August 2024.

Questions about 1611, Upper Crest

What did unit 1611 last sell for?

AED 2,006,400 on 2 July 2012, sold by the developer: AED 1,643 per sqft for 1,221 sqft. It is the only registered sale of the unit.

What is the rent for unit 1611?

AED 145,000 a year on the contract signed on 30 August 2024. The previous contract, from August 2023, was AED 129,800; the unit has been rented since June 2018.

How big is unit 1611?

1,221 sqft (113.4 sqm): a two-bedroom hotel apartment on the 16th floor of a 43-storey tower completed in 2015.

What is unit 1611 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Upper Crest sold for AED 1,900,000 to 2,100,000 in the last 12 months, around AED 1,746 per sqft.

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Mortgage on 1611, Upper Crest

Starts from the last sale price (AED 2.01M, 2 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,006,400
Deposit, UAE resident (20%)
AED 401,280
Deposit, non-resident (40%)
AED 802,560
Monthly over 25 years at 3.7%
AED 8,209

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