2-bed · 1,135 sqft52-42 Tower 1, Dubai Marina · 6th floor · completed 2020

602, 52-42 Tower 1

Sold prices and rental history: sold twice, last in October 2023, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 12 October 2023
Last soldAED 3.35M12 October 2023
Current rentAED 237K /yr5 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, 52-42 Tower 1

What is 602 worth today?

Last sold for AED 3,350,000 in 2023

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12 Oct 2023SoldReady
AED 3,350,000AED 2,951 per sqft
5 May 2023RentedNew contract
AED 236,500/yr12 months · AED 209 per sqft
27 Jul 2016Sold by developerOff-plan
AED 2,024,888AED 1,784 per sqft

Source: Dubai Land Department. Updated 12 October 2023.

Key facts

Type
2-bed apartment
Size
1,135 sqft
Floor
6th of 47
Parking
5F-02
Developer
Emaar
Completed
2020
Last sold
AED 3.35M · October 2023

About 602, 52-42 Tower 1

602 is a two-bedroom apartment of 1,135 sqft on the 6th floor of 52-42 Tower 1, a 47-storey tower in Dubai Marina completed in 2020 by Emaar. It last sold on 12 October 2023 for AED 3,350,000, or AED 2,951 per sqft, 5% above the AED 2,800 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 May 2023. The current contract, signed on 5 May 2023, is AED 236,500 a year: a gross yield of 7.1% on the 2023 price.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical two-bed in 52-42 Tower 1
2M3M2016201920222025Typical sale price by year: 2016 AED 2,215,888; 2017 AED 2,354,888; 2018 AED 2,049,944; 2019 AED 1,999,147; 2020 AED 1,716,222; 2021 AED 2,405,888; 2022 AED 2,421,444; 2023 AED 3,300,000; 2024 AED 3,200,000; 2025 AED 3,425,000; 2026 AED 3,315,000Sold by developer, July 2016: AED 2,024,888 (AED 1,784 per sqft)Sold, October 2023: AED 3,350,000 (AED 2,951 per sqft)

602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 602, each contractTypical two-bed in 52-42 Tower 1
150K200K250K2021202320252027Typical rent by year: 2021 AED 145,000; 2022 AED 150,000; 2023 AED 163,500; 2024 AED 180,000; 2025 AED 185,000; 2026 AED 170,000New contract, May 2023: AED 236,500 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in 52-42 Tower 1, and where 602 sits

All 158 2-beds →

602 last sold in October 2023 at AED 2,951 per sqft, 5% above what two-beds in 52-42 Tower 1 were fetching at the time (AED 2,800). Over the last 12 months two-beds sold for AED 2,800,000 to 4,000,000, around AED 2,868 per sqft, and rent for AED 105,000 to 300,000 a year. 602's AED 236,500 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Sep 20263,500,000
13 Aug 20263,100,000
12 Aug 20263,210,000
19 Jun 20263,420,000
7 2-bed sales in the last 12 months

52-42 Tower 1

Building

295 apartments, 1-bed to 4-bed over 47 floors in Dubai Marina, completed in 2020 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 3,187 Up 1.9%
Typical sale
AED 3.75M
Typical rent
AED 160K /yr
Typical yield
4.9%
52-42 Tower 1, Dubai Marina: prices, sales and rents →

Other units on the 6th floor

All 295 units in 52-42 Tower 1
Value
6011-bedAED 1.3M · Jul 2016
6032-bedAED 3M · Dec 2022
6042-bedAED 2.05M · Feb 2019
6051-bedAED 1.8M · Oct 2022

602, 52-42 Tower 1 in numbers

  • Sold twice: first on 27 July 2016 for AED 2,024,888, last on 12 October 2023 for AED 3,350,000 (AED 2,951 per sqft).
  • Rented since May 2023 on one Ejari contract, at AED 236,500 a year.
  • At AED 236,500 a year the gross yield on the 2023 price is 7.1%.
  • Two-beds in 52-42 Tower 1 sold for AED 2,800,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,187 per sqft.

Source: Dubai Land Department. Updated 12 October 2023.

Questions about 602, 52-42 Tower 1

What did unit 602 last sell for?

AED 3,350,000 on 12 October 2023: AED 2,951 per sqft for 1,135 sqft. The unit has 2 registered sales; the first was AED 2,024,888 in July 2016.

What is the rent for unit 602?

AED 236,500 a year on the contract signed on 5 May 2023.

How big is unit 602?

1,135 sqft (105.4 sqm): a two-bedroom apartment on the 6th floor of a 47-storey tower completed in 2020.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 52-42 Tower 1 sold for AED 2,800,000 to 4,000,000 in the last 12 months, around AED 2,868 per sqft.

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Mortgage on 602, 52-42 Tower 1

Starts from the last sale price (AED 3.35M, 12 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,350,000
Deposit, UAE resident (20%)
AED 670,000
Deposit, non-resident (40%)
AED 1,340,000
Monthly over 25 years at 3.7%
AED 13,706

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →