1-bed · 675 sqftConcorde Tower, Jumeirah Lake Towers (JLT) · 16th floor · completed 2008

1613, Concorde Tower

Sold prices and rental history: sold once, by the developer in September 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1613 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 452K8 September 2011
Current rentAED 63K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1613, Concorde Tower

What is 1613 worth today?

Last sold for AED 452,342 in 2011

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1 Sep 2024RentedRenewal
AED 63,250/yr12 months · AED 94 per sqft
1 Sep 2023RentedRenewal
AED 55,000/yr12 months · AED 81 per sqft
1 Sep 2021RentedRenewal
AED 46,000/yr12 months · AED 68 per sqft
1 Sep 2020RentedRenewal
AED 48,000/yr12 months · AED 71 per sqft
1 Sep 2019RentedNew contract
AED 60,000/yr12 months · AED 89 per sqft
1 Sep 2018RentedRenewal
AED 68,600/yr12 months · AED 102 per sqft
1 Sep 2017RentedRenewal
AED 68,600/yr12 months · AED 102 per sqft
1 Sep 2016RentedNew contract
AED 67,000/yr12 months · AED 99 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 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 452K · September 2011

About 1613, Concorde Tower

1613 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. The developer sold it on 8 September 2011 for AED 452,342, or AED 669 per sqft, in line with the AED 675 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 63,250 a year: a gross yield of 14.0% on the 2011 price, before the service charge of about AED 13,500 a year.

Sales and rents for 1613 over time

Sales
Unit 1613, each saleTypical one-bed in Concorde Tower
500K1M2010201520202025Typical sale price by year: 2010 AED 770,114; 2011 AED 576,091; 2012 AED 575,000; 2013 AED 787,600; 2014 AED 1,089,924; 2015 AED 990,000; 2016 AED 1,035,000; 2017 AED 912,500; 2018 AED 827,500; 2019 AED 657,500; 2020 AED 535,000; 2021 AED 595,000; 2022 AED 750,000; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,055,000; 2026 AED 1,165,000Sold by developer, September 2011: AED 452,342 (AED 669 per sqft)

1613 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1613, each contractTypical one-bed in Concorde Tower
40K60K80K20112015201920232027Typical rent by year: 2011 AED 48,000; 2012 AED 52,750; 2013 AED 65,000; 2014 AED 78,000; 2015 AED 80,231; 2016 AED 82,500; 2017 AED 78,000; 2018 AED 70,000; 2019 AED 60,000; 2020 AED 50,000; 2021 AED 46,500; 2022 AED 57,000; 2023 AED 65,000; 2024 AED 74,500; 2025 AED 78,000; 2026 AED 81,000New contract, July 2013: AED 58,000 a yearRenewal, July 2014: AED 66,700 a yearRenewal, July 2015: AED 72,500 a yearNew contract, September 2016: AED 67,000 a yearRenewal, September 2017: AED 68,600 a yearRenewal, September 2018: AED 68,600 a yearNew contract, September 2019: AED 60,000 a yearRenewal, September 2020: AED 48,000 a yearRenewal, September 2021: AED 46,000 a yearRenewal, September 2023: AED 55,000 a yearRenewal, September 2024: AED 63,250 a year

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 1613 sits

All 389 1-beds →

1613 last sold in September 2011 at AED 669 per sqft, in line with what one-beds in Concorde Tower were fetching at the time (AED 675). 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. 1613's AED 63,250 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 2026950,000
30 Jan 20261,150,000
30 Jan 20261,440,000
29 Jan 20261,200,000
11 1-bed sales in the last 12 months

Concorde Tower

Building

470 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%
Concorde Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 16th floor

All 470 units in Concorde Tower
Value
16011-bedAED 565K · Sep 2012
16021-bedAED 550K · Nov 2012
16031-bedAED 560K · Jun 2012
1604StudioAED 345K · Oct 2011
16051-bedAED 1.08M · May 2017
16061-bedAED 729K · Aug 2011
16071-bedAED 625K · Oct 2013
1–7 of 12

1613, Concorde Tower in numbers

  • Sold once: by 32 Group Properties on 8 September 2011 for AED 452,342, or AED 669 per sqft.
  • Rented since July 2013 on 11 Ejari contracts. The rent fell from AED 58,000 to AED 46,000 in 2021 and recovered to AED 63,250 by September 2024.
  • At AED 63,250 a year the gross yield on the 2011 price is 14.0%, 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 1 September 2024.

Questions about 1613, Concorde Tower

What did unit 1613 last sell for?

AED 452,342 on 8 September 2011, sold by the developer: AED 669 per sqft for 675 sqft. It is the only registered sale of the unit.

What is the rent for unit 1613?

AED 63,250 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 55,000; the unit has been rented since July 2013.

How big is unit 1613?

675 sqft (62.7 sqm): a one-bedroom apartment on the 16th floor of a 43-storey tower completed in 2008.

What is unit 1613 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 1613, Concorde Tower

Starts from the last sale price (AED 452K, 8 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 452,342
Deposit, UAE resident (20%)
AED 90,468
Deposit, non-resident (40%)
AED 180,937
Monthly over 25 years at 3.7%
AED 1,851

Plus AED 21,909 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →