1203, Terraces Marasi Drive
Sold prices and rental history: sold once, by the developer in July 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Terraces Marasi Drive
What is 1203 worth today?
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Source: Dubai Land Department. Updated 23 March 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 2,043 sqft
- Floor
- 12th of 19
- Parking
- 1
- Developer
- Key Mavens For Real Estate Development
- Completed
- 2024
- Last sold
- AED 4.5M · July 2024
- Building
- Terraces Marasi Drive
About 1203, Terraces Marasi Drive
1203 is a two-bedroom apartment of 2,043 sqft on the 12th floor of Terraces Marasi Drive, a 19-storey tower in Business Bay completed in 2024 by Key Mavens For Real Estate Development . The developer sold it on 31 July 2024 for AED 4,500,000, or AED 2,202 per sqft, in line with the AED 2,243 two-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 23 March 2026, is AED 250,000 a year: a gross yield of 5.6% on the 2024 price.
Sales and rents for 1203 over time
1203 has sold once; 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 Terraces Marasi Drive, and where 1203 sits
All 46 2-beds →1203 last sold in July 2024 at AED 2,202 per sqft, in line with what two-beds in Terraces Marasi Drive were fetching at the time (AED 2,243). Over the last 12 months two-beds sold for AED 947,356 to 6,050,000, around AED 2,201 per sqft, and rent for AED 150,000 to 300,000 a year. 1203's AED 250,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Apr 202629 April 2026 | 2,139 sqft | 5,100,100 | 2,384 | ||
| 7 Apr 20267 April 2026 | 2,312 sqft | 3,579,559 | 1,548 | ||
| 3 Apr 20263 April 2026 | 567 sqft | 947,356 | 1,670 | ||
| 25 Mar 202625 March 2026 | 2,519 sqft | 5,800,000 | 2,302 |
Terraces Marasi Drive
Building121 apartments, 1-bed to 4-bed over 19 floors in Business Bay, completed in 2024 by Key Mavens For Real Estate Development . 16 sold in the last 12 months.
- Typical price per sqft
- AED 2,015 Up 3.5%
- Typical sale
- AED 4.2M
- Typical rent
- AED 150K /yr
- Typical yield
- 5.6%
Other units on the 12th floor
All 121 units in Terraces Marasi Drive| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 2,102 sqft | AED 4.27MAED 4,270,000 · Jan 2024January 2024 | ||
| 1202 | 1-bed | 1,075 sqft | AED 2.75MAED 2,750,000 · Oct 2023October 2023 | 150,000 /yr | |
| 1204 | 2-bed | 1,130 sqft | AED 2.69MAED 2,692,800 · Dec 2023December 2023 | 155,000 /yr | |
| 1205 | 1-bed | 1,290 sqft | AED 1.73MAED 1,725,000 · Mar 2024March 2024 | ||
| 1206 | 1-bed | 1,001 sqft | AED 1.74MAED 1,740,000 · Oct 2024October 2024 | ||
| 1207 | 1-bed | 1,119 sqft | AED 2.2MAED 2,200,000 · Feb 2025February 2025 | 161,004 /yr | |
| 1208 | 2-bed | 1,135 sqft | AED 2.68MAED 2,680,000 · Oct 2023October 2023 |
1203, Terraces Marasi Drive in numbers
- Sold once: by Key Mavens For Real Estate Development on 31 July 2024 for AED 4,500,000, or AED 2,202 per sqft.
- Rented since March 2025 on 2 Ejari contracts, at AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2024 price is 5.6%.
- Two-beds in Terraces Marasi Drive sold for AED 947,356–6,050,000 in the 12 months to November 2026; the building's median across all types is AED 2,015 per sqft.
Source: Dubai Land Department. Updated 23 March 2026.
Questions about 1203, Terraces Marasi Drive
What did unit 1203 last sell for?
AED 4,500,000 on 31 July 2024, sold by the developer: AED 2,202 per sqft for 2,043 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 250,000 a year on the contract renewed on 23 March 2026. The previous contract, from March 2025, was AED 250,000.
How big is unit 1203?
2,043 sqft (189.8 sqm): a two-bedroom apartment on the 12th floor of a 19-storey tower completed in 2024.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Terraces Marasi Drive sold for AED 947,356 to 6,050,000 in the last 12 months, around AED 2,201 per sqft.
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Mortgage on 1203, Terraces Marasi Drive
Starts from the last sale price (AED 4.5M, 31 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →