2-bed · 1,123 sqft52-42 Tower 1, Dubai Marina · 7th floor · completed 2020

702, 52-42 Tower 1

Sold prices and rental history: sold once, by the developer in July 2016, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 20 January 2024
Last soldAED 2.21M21 July 2016
Current rentAED 180K /yr20 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, 52-42 Tower 1

What is 702 worth today?

Last sold for AED 2,206,888 in 2016

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20 Jan 2024RentedNew contract
AED 180,000/yr12 months · AED 161 per sqft
21 Oct 2021RentedNew contract
AED 160,000/yr12 months · AED 143 per sqft
21 Jul 2016Sold by developerOff-plan
AED 2,206,888AED 1,965 per sqft

Source: Dubai Land Department. Updated 20 January 2024.

Key facts

Type
2-bed apartment
Size
1,123 sqft
Floor
7th of 47
Parking
5F-07
Developer
Emaar
Completed
2020
Last sold
AED 2.21M · July 2016

About 702, 52-42 Tower 1

702 is a two-bedroom apartment of 1,123 sqft on the 7th floor of 52-42 Tower 1, a 47-storey tower in Dubai Marina completed in 2020 by Emaar. The developer sold it on 21 July 2016 for AED 2,206,888, or AED 1,965 per sqft, in line with the AED 1,933 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 20 January 2024, is AED 180,000 a year: a gross yield of 8.2% on the 2016 price.

Sales and rents for 702 over time

Sales
Unit 702, 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 2,206,888 (AED 1,965 per sqft)

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

Rents
Unit 702, each contractTypical two-bed in 52-42 Tower 1
140K160K180K2021202320252027Typical 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, October 2021: AED 160,000 a yearNew contract, January 2024: AED 180,000 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 702 sits

All 158 2-beds →

702 last sold in July 2016 at AED 1,965 per sqft, in line with what two-beds in 52-42 Tower 1 were fetching at the time (AED 1,933). 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. 702's AED 180,000 is in the lower 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 7th floor

All 295 units in 52-42 Tower 1
Value
7011-bedAED 1.31M · Jul 2016
7032-bedAED 2.19M · Jul 2016
7041-bedAED 1.26M · Jun 2016
7052-bedAED 3.48M · Sep 2024
7062-bedAED 2.13M · Jun 2016
7072-bedAED 2.28M · Jul 2017

702, 52-42 Tower 1 in numbers

  • Sold once: by Emaar on 21 July 2016 for AED 2,206,888, or AED 1,965 per sqft.
  • Rented since October 2021 on 2 Ejari contracts, from AED 160,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2016 price is 8.2%.
  • 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 20 January 2024.

Questions about 702, 52-42 Tower 1

What did unit 702 last sell for?

AED 2,206,888 on 21 July 2016, sold by the developer: AED 1,965 per sqft for 1,123 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 180,000 a year on the contract signed on 20 January 2024. The previous contract, from October 2021, was AED 160,000.

How big is unit 702?

1,123 sqft (104.3 sqm): a two-bedroom apartment on the 7th floor of a 47-storey tower completed in 2020.

What is unit 702 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 702, 52-42 Tower 1

Starts from the last sale price (AED 2.21M, 21 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,206,888
Deposit, UAE resident (20%)
AED 441,378
Deposit, non-resident (40%)
AED 882,755
Monthly over 25 years at 3.7%
AED 9,029

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