1603, The Point
Sold prices and rental history: sold 3 times, last in May 2018, 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, The Point
What is 1603 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,212 sqft
- Floor
- 16th of 27
- Parking
- B2-99
- Developer
- Point Development
- Completed
- 2009
- Service charge
- AED 28,900 /yr
- Last sold
- AED 1.85M · May 2018
- Building
- The Point
About 1603, The Point
1603 is a two-bedroom apartment of 1,212 sqft on the 16th floor of The Point, a 27-storey tower in Dubai Marina completed in 2009 by Point Development. It last sold on 8 May 2018 for AED 1,850,000, or AED 1,526 per sqft, 19% above the AED 1,285 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 10 April 2024, is AED 120,000 a year: a gross yield of 6.5% on the 2018 price, before the service charge of about AED 28,900 a year.
Sales and rents for 1603 over time
1603 has sold 3 times; 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 The Point, and where 1603 sits
All 46 2-beds →1603 last sold in May 2018 at AED 1,526 per sqft, 19% above what two-beds in The Point were fetching at the time (AED 1,285). Over the last 12 months two-beds sold for AED 2,200,000 to 2,820,000, around AED 1,792 per sqft, and rent for AED 117,616 to 150,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 May 202530 May 2025 | 1,685 sqft | 2,850,000 | 1,691 | ||
| 27 May 202527 May 2025 | 1,212 sqft | 2,450,000 | 2,021 | ||
| 3 Jan 20253 January 2025 | 1,594 sqft | 2,800,000 | 1,756 | ||
| 28 Nov 202428 November 2024 | 1,212 sqft | 2,200,000 | 1,815 |
The Point
Building188 apartments, studios to 4-bed over 27 floors in Dubai Marina, completed in 2009 by Point Development. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,792
- Typical sale
- AED 2.51M
- Typical rent
- AED 86K /yr
- Typical yield
- 6.3%
Other units on the 16th floor
All 188 units in The Point| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,594 sqft | AED 2.05MAED 2,050,000 · Apr 2017April 2017 | 205,000 /yr | |
| 1602 | 1-bed | 760 sqft | AED 1.39MAED 1,390,000 · Mar 2023March 2023 | 60,000 /yr | |
| 1604 | 1,212 sqft | AED 2.05MAED 2,050,000 · Oct 2025October 2025 | 116,886 /yr | ||
| 1605 | 1-bed | 760 sqft | AED 1.02MAED 1,020,000 · Mar 2022March 2022 | 76,000 /yr | |
| 1606 | 2-bed | 1,594 sqft | AED 2.05MAED 2,045,896 · Aug 2010August 2010 | 150,000 /yr |
1603, The Point in numbers
- Sold 3 times: first on 5 August 2010 for AED 1,114,625, last on 8 May 2018 for AED 1,850,000 (AED 1,526 per sqft).
- Rented since December 2013 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 73,000 in 2020 and recovered to AED 120,000 by April 2024.
- At AED 120,000 a year the gross yield on the 2018 price is 6.5%, before a service charge of about AED 28,900 a year (AED 23.83 per sqft).
- Two-beds in The Point sold for AED 2,200,000–2,820,000 in the 12 months to November 2026; the building's median across all types is AED 1,792 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 10 April 2024.
Questions about 1603, The Point
What did unit 1603 last sell for?
AED 1,850,000 on 8 May 2018: AED 1,526 per sqft for 1,212 sqft. The unit has 3 registered sales; the first was AED 1,114,625 in August 2010.
What is the rent for unit 1603?
AED 120,000 a year on the contract signed on 10 April 2024. The previous contract, from June 2023, was AED 105,000; the unit has been rented since December 2013.
How big is unit 1603?
1,212 sqft (112.6 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2009.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Point sold for AED 2,200,000 to 2,820,000 in the last 12 months, around AED 1,792 per sqft.
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Mortgage on 1603, The Point
Starts from the last sale price (AED 1.85M, 8 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,850,000
- Deposit, UAE resident (20%)
- AED 370,000
- Deposit, non-resident (40%)
- AED 740,000
- Monthly over 25 years at 3.7%
- AED 7,569
Plus AED 82,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →