1603, Horizon Tower
Sold prices and rental history: sold twice, last in October 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Horizon Tower
What is 1603 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 2,451 sqft
- Floor
- 16th of 44
- Parking
- G-09,G-10
- Developer
- Gulf General Investments Co
- Completed
- 2006
- Service charge
- AED 35,600 /yr
- Last sold
- AED 3.43M · October 2014
- Building
- Horizon Tower
About 1603, Horizon Tower
1603 is a four-bedroom apartment of 2,451 sqft on the 16th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 19 October 2014 for AED 3,430,717, or AED 1,399 per sqft, 33% above the AED 1,048 four-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 May 2024, is AED 158,000 a year: a gross yield of 4.6% on the 2014 price, before the service charge of about AED 35,600 a year.
Sales and rents for 1603 over time
1603 has sold twice; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Horizon Tower, and where 1603 sits
All 155 4-beds →1603 last sold in October 2014 at AED 1,399 per sqft, 33% above what four-beds in Horizon Tower were fetching at the time (AED 1,048). Over the last 12 months four-beds sold for AED 2,500,000, around AED 1,020 per sqft, and rent for AED 140,000 to 300,000 a year. 1603's AED 158,000 is in the lower half of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Dec 202512 December 2025 | 2,451 sqft | 2,500,000 | 1,020 | ||
| 12 Dec 202512 December 2025 | 2,451 sqft | 2,500,000 | 1,020 | ||
| 31 Jul 202531 July 2025 | 2,409 sqft | 2,600,000 | 1,079 | ||
| 10 Jul 202510 July 2025 | 2,409 sqft | 3,200,000 | 1,328 |
Horizon Tower
Building164 apartments, 4-bed over 44 floors in Dubai Marina, completed in 2006 by Gulf General Investments Co. 2 sold in the last 12 months.
- Typical price per sqft
- AED 1,020
- Typical sale
- AED 2.5M
- Typical rent
- AED 230K /yr
- Typical yield
- 9.2%
Other units on the 16th floor
All 164 units in Horizon Tower1603, Horizon Tower in numbers
- Sold twice: first on 30 June 2008 for AED 1,978,500, last on 19 October 2014 for AED 3,430,717 (AED 1,399 per sqft).
- Rented since October 2013 on 10 Ejari contracts. The rent fell from AED 138,000 to AED 100,000 in 2021 and recovered to AED 158,000 by May 2024.
- At AED 158,000 a year the gross yield on the 2014 price is 4.6%, before a service charge of about AED 35,600 a year (AED 14.54 per sqft).
- Four-beds in Horizon Tower sold for AED 2,500,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,020 per sqft.
Source: Dubai Land Department. Updated 1 May 2024.
Questions about 1603, Horizon Tower
What did unit 1603 last sell for?
AED 3,430,717 on 19 October 2014: AED 1,399 per sqft for 2,451 sqft. The unit has 2 registered sales; the first was AED 1,978,500 in June 2008.
What is the rent for unit 1603?
AED 158,000 a year on the contract signed on 1 May 2024. The previous contract, from May 2023, was AED 135,000; the unit has been rented since October 2013.
How big is unit 1603?
2,451 sqft (227.7 sqm): a four-bedroom apartment on the 16th floor of a 44-storey tower completed in 2006.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Horizon Tower sold for AED 2,500,000 to 2,500,000 in the last 12 months, around AED 1,020 per sqft.
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Mortgage on 1603, Horizon Tower
Starts from the last sale price (AED 3.43M, 19 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 3,430,717
- Deposit, UAE resident (20%)
- AED 686,143
- Deposit, non-resident (40%)
- AED 1,372,287
- Monthly over 25 years at 3.7%
- AED 14,036
Plus AED 149,100 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →