2-bed · 1,082 sqftHarbour Gate Tower 2, Dubai Creek Harbour · 16th floor · completed 2022

1606, Harbour Gate Tower 2

Sold prices and rental history: sold twice, last in December 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 30 April 2024
Last soldAED 2M8 December 2022
Current rentAED 125K /yr30 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Harbour Gate Tower 2

What is 1606 worth today?

Last sold for AED 2,000,000 in 2022

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30 Apr 2024RentedRenewal
AED 125,000/yr12 months · AED 116 per sqft
1 May 2023RentedNew contract
AED 125,000/yr12 months · AED 115 per sqft
8 Dec 2022SoldReady
AED 2,000,000AED 1,848 per sqft
27 Jul 2017Sold by developerOff-plan
AED 1,388,888AED 1,283 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 April 2024.

Key facts

Type
2-bed apartment
Size
1,082 sqft
Floor
16th of 31
Parking
B2-059
Developer
Emaar
Completed
2022
Last sold
AED 2M · December 2022

About 1606, Harbour Gate Tower 2

1606 is a two-bedroom apartment of 1,082 sqft on the 16th floor of Harbour Gate Tower 2, a 31-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. It last sold on 8 December 2022 for AED 2,000,000, or AED 1,848 per sqft, 11% above the AED 1,665 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 30 April 2024, is AED 125,000 a year: a gross yield of 6.3% on the 2022 price.

Sales and rents for 1606 over time

Sales
Unit 1606, each saleTypical two-bed in Harbour Gate Tower 2
1.5M2M2.5M20172019202120232025Typical sale price by year: 2017 AED 1,497,888; 2018 AED 1,455,888; 2019 AED 1,618,888; 2020 AED 1,544,888; 2021 AED 1,943,888; 2022 AED 1,905,000; 2023 AED 2,200,000; 2024 AED 2,427,500Sold by developer, July 2017: AED 1,388,888 (AED 1,283 per sqft)Sold, December 2022: AED 2,000,000 (AED 1,848 per sqft)

1606 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1606, each contractTypical two-bed in Harbour Gate Tower 2
120K140K202220242026Typical rent by year: 2022 AED 120,000; 2023 AED 120,000; 2024 AED 133,125; 2025 AED 140,000; 2026 AED 150,000New contract, May 2023: AED 125,000 a yearRenewal, April 2024: AED 125,000 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 Harbour Gate Tower 2, and where 1606 sits

All 95 2-beds →

1606 last sold in December 2022 at AED 1,848 per sqft, 11% above what two-beds in Harbour Gate Tower 2 were fetching at the time (AED 1,665). Over the last 12 months two-beds sold for AED 2,450,000, around AED 2,148 per sqft, and rent for AED 115,500 to 168,000 a year. 1606's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Feb 20262,450,000
30 May 20252,650,000
22 May 20252,750,000
7 Nov 20242,800,000
1 2-bed sale in the last 12 months

Harbour Gate Tower 2

Building

223 apartments, 1-bed to 4-bed over 31 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 2,183
Typical sale
AED 2.45M
Typical rent
AED 145K /yr
Typical yield
5.9%
Harbour Gate Tower 2, Dubai Creek Harbour: prices, sales and rents →

Other units on the 16th floor

All 223 units in Harbour Gate Tower 2
Value
16013-bedAED 2.64M · Sep 2021
16021-bedAED 1.52M · Nov 2024
16033-bedAED 2.95M · Aug 2023
16042-bedAED 1.74M · Jul 2017
16052-bedAED 1.69M · Apr 2018
16072-bedAED 2.3M · Jun 2023
16082-bedAED 2.38M · May 2024

1606, Harbour Gate Tower 2 in numbers

  • Sold twice: first on 27 July 2017 for AED 1,388,888, last on 8 December 2022 for AED 2,000,000 (AED 1,848 per sqft).
  • Rented since May 2023 on 2 Ejari contracts, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 6.3%.
  • Two-beds in Harbour Gate Tower 2 sold for AED 2,450,000–2,450,000 in the 12 months to November 2026; the building's median across all types is AED 2,183 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 30 April 2024.

Questions about 1606, Harbour Gate Tower 2

What did unit 1606 last sell for?

AED 2,000,000 on 8 December 2022: AED 1,848 per sqft for 1,082 sqft. The unit has 2 registered sales; the first was AED 1,388,888 in July 2017.

What is the rent for unit 1606?

AED 125,000 a year on the contract renewed on 30 April 2024. The previous contract, from May 2023, was AED 125,000.

How big is unit 1606?

1,082 sqft (100.5 sqm): a two-bedroom apartment on the 16th floor of a 31-storey tower completed in 2022.

What is unit 1606 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Harbour Gate Tower 2 sold for AED 2,450,000 to 2,450,000 in the last 12 months, around AED 2,148 per sqft.

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Mortgage on 1606, Harbour Gate Tower 2

Starts from the last sale price (AED 2M, 8 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →