1506, Terraces Marasi Drive
Sold prices and rental history: sold once, by the developer in November 2023, and rented once, from May 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Terraces Marasi Drive
What is 1506 worth today?
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Source: Dubai Land Department. Updated 16 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,249 sqft
- Floor
- 15th of 19
- Parking
- 1
- Developer
- Key Mavens For Real Estate Development
- Completed
- 2024
- Last sold
- AED 2.8M · November 2023
- Building
- Terraces Marasi Drive
About 1506, Terraces Marasi Drive
1506 is a two-bedroom apartment of 1,249 sqft on the 15th 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 23 November 2023 for AED 2,795,000, or AED 2,238 per sqft, in line with the AED 2,238 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 16 May 2026. The current contract, signed on 16 May 2026, is AED 220,000 a year: a gross yield of 7.9% on the 2023 price.
Sales and rents for 1506 over time
1506 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 1506 sits
All 46 2-beds →1506 last sold in November 2023 at AED 2,238 per sqft, in line with what two-beds in Terraces Marasi Drive were fetching at the time (AED 2,238). 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. 1506's AED 220,000 is in the lower 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 15th floor
All 121 units in Terraces Marasi Drive| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 1,510 sqft | AED 2.8MAED 2,800,000 · Nov 2023November 2023 | 270,000 /yr | |
| 1502 | 2-bed | 2,518 sqft | AED 5.65MAED 5,650,000 · Jan 2024January 2024 | 300,000 /yr | |
| 1503 | 2-bed | 2,139 sqft | AED 5.22MAED 5,216,450 · Jan 2025January 2025 | ||
| 1504 | 2-bed | 2,519 sqft | AED 5.8MAED 5,800,000 · Mar 2026March 2026 | ||
| 1505 | 1-bed | 1,517 sqft | AED 2.59MAED 2,585,000 · Jan 2025January 2025 | 299,169 /yr | |
| 1507 | 1-bed | 1,144 sqft | AED 1.78MAED 1,775,000 · Oct 2023October 2023 | 96,300 /yr | |
| 1508 | 1-bed | 1,056 sqft | AED 1.91MAED 1,910,000 · Oct 2023October 2023 | 100,000 /yr | |
| 1509 | 1-bed | 1,315 sqft | AED 1.92MAED 1,920,000 · Nov 2023November 2023 | 135,000 /yr | |
| 1510 | 2-bed | 567 sqft | AED 947KAED 947,356 · Apr 2026April 2026 | 150,000 /yr |
1506, Terraces Marasi Drive in numbers
- Sold once: by Key Mavens For Real Estate Development on 23 November 2023 for AED 2,795,000, or AED 2,238 per sqft.
- Rented since May 2026 on one Ejari contract, at AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2023 price is 7.9%.
- 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 16 May 2026.
Questions about 1506, Terraces Marasi Drive
What did unit 1506 last sell for?
AED 2,795,000 on 23 November 2023, sold by the developer: AED 2,238 per sqft for 1,249 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 220,000 a year on the contract signed on 16 May 2026.
How big is unit 1506?
1,249 sqft (116.0 sqm): a two-bedroom apartment on the 15th floor of a 19-storey tower completed in 2024.
What is unit 1506 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 1506, Terraces Marasi Drive
Starts from the last sale price (AED 2.8M, 23 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,795,000
- Deposit, UAE resident (20%)
- AED 559,000
- Deposit, non-resident (40%)
- AED 1,118,000
- Monthly over 25 years at 3.7%
- AED 11,435
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →