1502, Al Areifi Marina Tower(Escan Marina Tower)
Sold prices and rental history: sold twice, last in December 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Al Areifi Marina Tower(Escan Marina Tower)
What is 1502 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,125 sqft
- Floor
- 15th of 31
- Parking
- B3-40
- Developer
- Tharwaa Escan Investments
- Completed
- 2016
- Service charge
- AED 20,400 /yr
- Last sold
- AED 790K · December 2022
About 1502, Al Areifi Marina Tower(Escan Marina Tower)
1502 is a two-bedroom apartment of 1,125 sqft on the 15th floor of Al Areifi Marina Tower(Escan Marina Tower), a 31-storey tower in Dubai Marina completed in 2016 by Tharwaa Escan Investments. It last sold on 20 December 2022 for AED 790,000, or AED 701 per sqft, 5% below the AED 741 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 May 2024, is AED 95,000 a year: a gross yield of 12.0% on the 2022 price, before the service charge of about AED 20,400 a year.
Sales and rents for 1502 over time
1502 has sold twice; 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 Al Areifi Marina Tower(Escan Marina Tower), and where 1502 sits
All 93 2-beds →1502 last sold in December 2022 at AED 701 per sqft, 5% below what two-beds in Al Areifi Marina Tower(Escan Marina Tower) were fetching at the time (AED 741). Over the last 12 months two-beds sold for AED 1,300,000 to 1,742,597, around AED 1,262 per sqft, and rent for AED 50,000 to 175,000 a year. 1502's AED 95,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 1,188 sqft | 1,530,000 | 1,287 | ||
| 24 Sep 202624 September 2026 | 1,134 sqft | 1,300,000 | 1,146 | ||
| 8 Jul 20268 July 2026 | 1,125 sqft | 1,535,000 | 1,364 | ||
| 7 Jul 20267 July 2026 | 1,188 sqft | 1,410,000 | 1,186 |
Al Areifi Marina Tower(Escan Marina Tower)
Building332 apartments, studios to 2-bed over 31 floors in Dubai Marina, completed in 2016 by Tharwaa Escan Investments. 26 sold in the last 12 months.
- Typical price per sqft
- AED 1,278 Up 1.1%
- Typical sale
- AED 1.15M
- Typical rent
- AED 72K /yr
- Typical yield
- 7.4%
Other units on the 15th floor
All 332 units in Al Areifi Marina Tower(Escan Marina Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,188 sqft | AED 1MAED 1,000,000 · Mar 2022March 2022 | 90,000 /yr | |
| 1503 | Studio | 359 sqft | AED 576KAED 576,427 · Jul 2013July 2013 | 43,000 /yr | |
| 1504 | 1-bed | 759 sqft | AED 530KAED 530,000 · Dec 2022December 2022 | 68,355 /yr | |
| 1505 | 1-bed | 775 sqft | AED 1.15MAED 1,145,079 · Jul 2013July 2013 | 80,000 /yr | |
| 1506 | Studio | 354 sqft | AED 600KAED 600,000 · Jul 2023July 2023 | 52,000 /yr | |
| 1507 | 2-bed | 1,103 sqft | AED 775KAED 775,000 · Dec 2022December 2022 | 95,000 /yr | |
| 1508 | 1-bed | 755 sqft | AED 530KAED 530,000 · Dec 2022December 2022 | 58,000 /yr | |
| 1509 | 1-bed | 660 sqft | AED 880KAED 880,000 · Aug 2026August 2026 | 74,000 /yr | |
| 1510 | 1-bed | 837 sqft | AED 690KAED 690,000 · Dec 2022December 2022 | 65,000 /yr | |
| 1511 | 2-bed | 1,169 sqft | AED 820KAED 820,000 · Dec 2022December 2022 | 83,000 /yr |
1502, Al Areifi Marina Tower(Escan Marina Tower) in numbers
- Sold twice: first on 22 July 2014 for AED 1,784,832, last on 20 December 2022 for AED 790,000 (AED 701 per sqft).
- Rented since April 2023 on 3 Ejari contracts, from AED 80,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2022 price is 12.0%, before a service charge of about AED 20,400 a year (AED 18.12 per sqft).
- Two-beds in Al Areifi Marina Tower(Escan Marina Tower) sold for AED 1,300,000–1,742,597 in the 12 months to November 2026; the building's median across all types is AED 1,278 per sqft.
Source: Dubai Land Department. Updated 1 May 2024.
Questions about 1502, Al Areifi Marina Tower(Escan Marina Tower)
What did unit 1502 last sell for?
AED 790,000 on 20 December 2022: AED 701 per sqft for 1,125 sqft. The unit has 2 registered sales; the first was AED 1,784,832 in July 2014.
What is the rent for unit 1502?
AED 95,000 a year on the contract signed on 1 May 2024. The previous contract, from May 2024, was AED 95,000; the unit has been rented since April 2023.
How big is unit 1502?
1,125 sqft (104.5 sqm): a two-bedroom apartment on the 15th floor of a 31-storey tower completed in 2016.
What is unit 1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Areifi Marina Tower(Escan Marina Tower) sold for AED 1,300,000 to 1,742,597 in the last 12 months, around AED 1,262 per sqft.
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Mortgage on 1502, Al Areifi Marina Tower(Escan Marina Tower)
Starts from the last sale price (AED 790K, 20 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 790,000
- Deposit, UAE resident (20%)
- AED 158,000
- Deposit, non-resident (40%)
- AED 316,000
- Monthly over 25 years at 3.7%
- AED 3,232
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →