506, Al Areifi Marina Tower(Escan Marina Tower)
Sold prices and rental history: sold twice, last in December 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Al Areifi Marina Tower(Escan Marina Tower)
What is 506 worth today?
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Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 351 sqft
- Floor
- 5th of 31
- Parking
- B2-32
- Developer
- Tharwaa Escan Investments
- Completed
- 2016
- Service charge
- AED 6,400 /yr
- Last sold
- AED 610K · December 2017
About 506, Al Areifi Marina Tower(Escan Marina Tower)
506 is a studio of 351 sqft on the 5th 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 2017 for AED 610,000, or AED 1,736 per sqft, 27% above the AED 1,372 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 24,000 a year: a gross yield of 3.9% on the 2017 price, before the service charge of about AED 6,400 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Al Areifi Marina Tower(Escan Marina Tower), and where 506 sits
All 37 studios →506 last sold in December 2017 at AED 1,736 per sqft, 27% above what studios in Al Areifi Marina Tower(Escan Marina Tower) were fetching at the time (AED 1,372). Over the last 12 months studios sold for AED 688,000, around AED 1,920 per sqft, and rent for AED 32,681 to 60,000 a year. 506's AED 24,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 358 sqft | 688,000 | 1,920 | ||
| 20 May 202520 May 2025 | 356 sqft | 700,000 | 1,968 | ||
| 13 May 202513 May 2025 | 351 sqft | 670,000 | 1,907 | ||
| 2 Apr 20252 April 2025 | 351 sqft | 600,000 | 1,707 |
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 71K /yr
- Typical yield
- 7.4%
Other units on the 5th floor
All 332 units in Al Areifi Marina Tower(Escan Marina Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,188 sqft | AED 1MAED 1,000,000 · Jun 2023June 2023 | 120,000 /yr | |
| 502 | 2-bed | 1,128 sqft | AED 1.2MAED 1,200,000 · Jun 2023June 2023 | 105,000 /yr | |
| 503 | Studio | 358 sqft | AED 740KAED 740,000 · Dec 2014December 2014 | 52,000 /yr | |
| 504 | 1-bed | 759 sqft | AED 810KAED 810,000 · Dec 2023December 2023 | 72,000 /yr | |
| 505 | 1-bed | 778 sqft | AED 775KAED 775,000 · Dec 2023December 2023 | 55,000 /yr | |
| 507 | 2-bed | 1,103 sqft | AED 1.16MAED 1,160,000 · Aug 2024August 2024 | 90,000 /yr | |
| 508 | 1-bed | 756 sqft | AED 625KAED 624,750 · Nov 2018November 2018 | 31,000 /yr | |
| 509 | 1-bed | 660 sqft | AED 1.14MAED 1,137,359 · May 2015May 2015 | 64,000 /yr | |
| 510 | 1-bed | 837 sqft | AED 950KAED 950,000 · Nov 2024November 2024 | 52,000 /yr | |
| 511 | 2-bed | 1,169 sqft | AED 1.2MAED 1,200,000 · Oct 2024October 2024 | 115,000 /yr |
506, Al Areifi Marina Tower(Escan Marina Tower) in numbers
- Sold twice: first on 22 July 2014 for AED 685,644, last on 20 December 2017 for AED 610,000 (AED 1,736 per sqft).
- Rented since January 2018 on 7 Ejari contracts, from AED 50,000 to AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2017 price is 3.9%, before a service charge of about AED 6,400 a year (AED 18.12 per sqft).
- Studios in Al Areifi Marina Tower(Escan Marina Tower) sold for AED 688,000–688,000 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 10 August 2024.
Questions about 506, Al Areifi Marina Tower(Escan Marina Tower)
What did unit 506 last sell for?
AED 610,000 on 20 December 2017: AED 1,736 per sqft for 351 sqft. The unit has 2 registered sales; the first was AED 685,644 in July 2014.
What is the rent for unit 506?
AED 24,000 a year on the contract renewed on 10 August 2024. The previous contract, from August 2023, was AED 24,000; the unit has been rented since January 2018.
How big is unit 506?
351 sqft (32.6 sqm): a studio on the 5th floor of a 31-storey tower completed in 2016.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Al Areifi Marina Tower(Escan Marina Tower) sold for AED 688,000 to 688,000 in the last 12 months, around AED 1,920 per sqft.
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Mortgage on 506, Al Areifi Marina Tower(Escan Marina Tower)
Starts from the last sale price (AED 610K, 20 December 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 610,000
- Deposit, UAE resident (20%)
- AED 122,000
- Deposit, non-resident (40%)
- AED 244,000
- Monthly over 25 years at 3.7%
- AED 2,496
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →