1602, Continental Tower
Sold prices and rental history: sold twice, last in March 2020, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Continental Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 10 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,227 sqft
- Floor
- 16th of 29
- Parking
- B3-11
- Developer
- Continental Investments LMD
- Completed
- 2015
- Service charge
- AED 18,900 /yr
- Last sold
- AED 1.13M · March 2020
- Building
- Continental Tower
About 1602, Continental Tower
1602 is a two-bedroom apartment of 1,227 sqft on the 16th floor of Continental Tower, a 29-storey tower in Dubai Marina completed in 2015 by Continental Investments LMD. It last sold on 12 March 2020 for AED 1,125,000, or AED 916 per sqft, 11% below the AED 1,033 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 10 July 2024. The current contract, signed on 10 July 2024, is AED 145,000 a year: a gross yield of 12.9% on the 2020 price, before the service charge of about AED 18,900 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Continental Tower, and where 1602 sits
All 104 2-beds →1602 last sold in March 2020 at AED 916 per sqft, 11% below what two-beds in Continental Tower were fetching at the time (AED 1,033). Over the last 12 months two-beds sold for AED 2,200,000 to 2,375,000, around AED 1,809 per sqft, and rent for AED 100,000 to 200,000 a year. 1602's AED 145,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Feb 20265 February 2026 | 1,307 sqft | 2,200,000 | 1,683 | ||
| 15 Jul 202515 July 2025 | 1,605 sqft | 2,325,000 | 1,448 | ||
| 3 Jul 20253 July 2025 | 1,210 sqft | 1,600,000 | 1,321 | ||
| 26 Jun 202526 June 2025 | 1,394 sqft | 2,500,000 | 1,792 |
Continental Tower
Building208 apartments, 1-bed to 3-bed over 29 floors in Dubai Marina, completed in 2015 by Continental Investments LMD. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,683
- Typical sale
- AED 2.38M
- Typical rent
- AED 110K /yr
- Typical yield
- 6.7%
Other units on the 16th floor
All 208 units in Continental Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,396 sqft | AED 1.65MAED 1,650,000 · Aug 2022August 2022 | 142,000 /yr | |
| 1603 | 2-bed | 1,292 sqft | AED 2.35MAED 2,345,000 · Jan 2025January 2025 | 150,000 /yr | |
| 1604 | 2-bed | 1,307 sqft | AED 1.98MAED 1,977,958 · Jun 2014June 2014 | 140,000 /yr | |
| 1605 | 1-bed | 725 sqft | AED 1.17MAED 1,174,095 · Aug 2014August 2014 | 100,000 /yr | |
| 1606 | 1-bed | 738 sqft | AED 870KAED 870,000 · Nov 2022November 2022 | 68,250 /yr | |
| 1607 | 2-bed | 1,210 sqft | AED 1.55MAED 1,550,000 · May 2023May 2023 | 130,000 /yr |
1602, Continental Tower in numbers
- Sold twice: first on 28 October 2015 for AED 1,856,800, last on 12 March 2020 for AED 1,125,000 (AED 916 per sqft).
- Rented since July 2024 on one Ejari contract, at AED 145,000 a year.
- At AED 145,000 a year the gross yield on the 2020 price is 12.9%, before a service charge of about AED 18,900 a year (AED 15.41 per sqft).
- Two-beds in Continental Tower sold for AED 2,200,000–2,375,000 in the 12 months to November 2026; the building's median across all types is AED 1,683 per sqft.
Source: Dubai Land Department. Updated 10 July 2024.
Questions about 1602, Continental Tower
What did unit 1602 last sell for?
AED 1,125,000 on 12 March 2020: AED 916 per sqft for 1,227 sqft. The unit has 2 registered sales; the first was AED 1,856,800 in October 2015.
What is the rent for unit 1602?
AED 145,000 a year on the contract signed on 10 July 2024.
How big is unit 1602?
1,227 sqft (114.0 sqm): a two-bedroom apartment on the 16th floor of a 29-storey tower completed in 2015.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Continental Tower sold for AED 2,200,000 to 2,375,000 in the last 12 months, around AED 1,809 per sqft.
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Mortgage on 1602, Continental Tower
Starts from the last sale price (AED 1.13M, 12 March 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,125,000
- Deposit, UAE resident (20%)
- AED 225,000
- Deposit, non-resident (40%)
- AED 450,000
- Monthly over 25 years at 3.7%
- AED 4,603
Plus AED 52,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →