1603, Terraces Marasi Drive
Sold prices and rental history: sold once, by the developer in June 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 1603, Terraces Marasi Drive
What is 1603 worth today?
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Source: Dubai Land Department. Updated 5 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,056 sqft
- Floor
- 16th of 19
- Parking
- 1
- Developer
- Key Mavens For Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.87M · June 2024
- Building
- Terraces Marasi Drive
About 1603, Terraces Marasi Drive
1603 is a one-bedroom apartment of 1,056 sqft on the 16th 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 25 June 2024 for AED 1,870,000, or AED 1,771 per sqft, 8% above the AED 1,635 one-beds in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 5 February 2026, is AED 157,000 a year: a gross yield of 8.4% on the 2024 price.
Sales and rents for 1603 over time
1603 has sold once; 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 Terraces Marasi Drive, and where 1603 sits
All 71 1-beds →1603 last sold in June 2024 at AED 1,771 per sqft, 8% above what one-beds in Terraces Marasi Drive were fetching at the time (AED 1,635). Over the last 12 months one-beds sold for AED 1,750,000 to 2,050,000, around AED 1,748 per sqft, and rent for AED 93,600 to 299,169 a year. 1603's AED 157,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Jun 202617 June 2026 | 1,105 sqft | 1,750,000 | 1,583 | ||
| 7 Apr 20267 April 2026 | 1,226 sqft | 1,896,000 | 1,545 | ||
| 19 Feb 202619 February 2026 | 1,002 sqft | 2,050,000 | 2,045 | ||
| 12 Nov 202512 November 2025 | 1,051 sqft | 2,011,000 | 1,912 |
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 16th floor
All 121 units in Terraces Marasi Drive1603, Terraces Marasi Drive in numbers
- Sold once: by Key Mavens For Real Estate Development on 25 June 2024 for AED 1,870,000, or AED 1,771 per sqft.
- Rented since February 2025 on 3 Ejari contracts, from AED 150,000 to AED 157,000 a year.
- At AED 157,000 a year the gross yield on the 2024 price is 8.4%.
- One-beds in Terraces Marasi Drive sold for AED 1,750,000–2,050,000 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 5 February 2026.
Questions about 1603, Terraces Marasi Drive
What did unit 1603 last sell for?
AED 1,870,000 on 25 June 2024, sold by the developer: AED 1,771 per sqft for 1,056 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 157,000 a year on the contract renewed on 5 February 2026. The previous contract, from February 2025, was AED 150,000; the unit has been rented since February 2025.
How big is unit 1603?
1,056 sqft (98.1 sqm): a one-bedroom apartment on the 16th floor of a 19-storey tower completed in 2024.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Terraces Marasi Drive sold for AED 1,750,000 to 2,050,000 in the last 12 months, around AED 1,748 per sqft.
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Mortgage on 1603, Terraces Marasi Drive
Starts from the last sale price (AED 1.87M, 25 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,870,000
- Deposit, UAE resident (20%)
- AED 374,000
- Deposit, non-resident (40%)
- AED 748,000
- Monthly over 25 years at 3.7%
- AED 7,651
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →