1602, Concorde Tower
Sold prices and rental history: sold twice, last in November 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Concorde Tower
What is 1602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 675 sqft
- Floor
- 16th of 43
- Parking
- (1)
- Developer
- 32 Group Properties
- Completed
- 2008
- Service charge
- AED 13,500 /yr
- Last sold
- AED 550K · November 2012
- Building
- Concorde Tower
About 1602, Concorde Tower
1602 is a one-bedroom apartment of 675 sqft on the 16th floor of Concorde Tower, a 43-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by 32 Group Properties. It last sold on 13 November 2012 for AED 550,000, or AED 814 per sqft, 25% above the AED 652 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 5 April 2024, is AED 71,000 a year: a gross yield of 12.9% on the 2012 price, before the service charge of about AED 13,500 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Concorde Tower, and where 1602 sits
All 389 1-beds →1602 last sold in November 2012 at AED 814 per sqft, 25% above what one-beds in Concorde Tower were fetching at the time (AED 652). Over the last 12 months one-beds sold for AED 800,000 to 1,500,000, around AED 1,224 per sqft, and rent for AED 37,000 to 160,000 a year. 1602's AED 71,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 744 sqft | 950,000 | 1,277 | ||
| 30 Jan 202630 January 2026 | 639 sqft | 1,150,000 | 1,800 | ||
| 30 Jan 202630 January 2026 | 1,439 sqft | 1,440,000 | 1,000 | ||
| 29 Jan 202629 January 2026 | 980 sqft | 1,200,000 | 1,224 |
Concorde Tower
Building470 apartments, studios to 3-bed over 43 floors in Jumeirah Lake Towers (JLT), completed in 2008 by 32 Group Properties. 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,224 Up 2.8%
- Typical sale
- AED 1.15M
- Typical rent
- AED 80K /yr
- Typical yield
- 8.0%
Other units on the 16th floor
All 470 units in Concorde Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 744 sqft | AED 565KAED 565,000 · Sep 2012September 2012 | 80,000 /yr | |
| 1603 | 1-bed | 819 sqft | AED 560KAED 560,000 · Jun 2012June 2012 | 66,000 /yr | |
| 1604 | Studio | 505 sqft | AED 345KAED 345,000 · Oct 2011October 2011 | 55,000 /yr | |
| 1605 | 1-bed | 955 sqft | AED 1.08MAED 1,080,000 · May 2017May 2017 | 76,000 /yr | |
| 1606 | 1-bed | 825 sqft | AED 729KAED 729,173 · Aug 2011August 2011 | 71,000 /yr | |
| 1607 | 1-bed | 1,432 sqft | AED 625KAED 625,000 · Oct 2013October 2013 | ||
| 1608 | 1-bed | 1,432 sqft | AED 1.25MAED 1,250,000 · Aug 2023August 2023 | 77,000 /yr | |
| 1609 | 1-bed | 971 sqft | AED 970KAED 970,000 · Aug 2013August 2013 | 48,000 /yr | |
| 1610 | 980 sqft | AED 1.1MAED 1,100,000 · Nov 2025November 2025 | |||
| 1611 | Studio | 505 sqft | AED 600KAED 600,000 · Mar 2014March 2014 | 70,000 /yr | |
| 1612 | 1-bed | 819 sqft | AED 401KAED 401,486 · Feb 2011February 2011 | 75,000 /yr | |
| 1613 | 1-bed | 675 sqft | AED 452KAED 452,342 · Sep 2011September 2011 | 63,250 /yr |
1602, Concorde Tower in numbers
- Sold twice: first on 30 October 2012 for AED 816,125, last on 13 November 2012 for AED 550,000 (AED 814 per sqft).
- Rented since December 2012 on 10 Ejari contracts. The rent fell from AED 53,000 to AED 41,000 in 2021 and recovered to AED 71,000 by April 2024.
- At AED 71,000 a year the gross yield on the 2012 price is 12.9%, before a service charge of about AED 13,500 a year (AED 19.92 per sqft).
- One-beds in Concorde Tower sold for AED 800,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,224 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 April 2024.
Questions about 1602, Concorde Tower
What did unit 1602 last sell for?
AED 550,000 on 13 November 2012: AED 814 per sqft for 675 sqft. The unit has 2 registered sales; the first was AED 816,125 in October 2012.
What is the rent for unit 1602?
AED 71,000 a year on the contract signed on 5 April 2024. The previous contract, from March 2023, was AED 50,500; the unit has been rented since December 2012.
How big is unit 1602?
675 sqft (62.7 sqm): a one-bedroom apartment on the 16th floor of a 43-storey tower completed in 2008.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Concorde Tower sold for AED 800,000 to 1,500,000 in the last 12 months, around AED 1,224 per sqft.
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Mortgage on 1602, Concorde Tower
Starts from the last sale price (AED 550K, 13 November 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus AED 28,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →