3-bed · 2,351 sqftAl Fairooz Tower, Dubai Marina · 14th floor · completed 2004

1401, Al Fairooz Tower

Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 16 August 2021
Last soldAED 2.83M24 April 2008
Current rentAED 235K /yr16 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1401, Al Fairooz Tower

What is 1401 worth today?

Last sold for AED 2,825,000 in 2008

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16 Aug 2021RentedNew contract
AED 235,000/yr12 months · AED 100 per sqft
1 Nov 2020RentedNew contract
AED 215,000/yr9 months · AED 92 per sqft
1 Nov 2019RentedRenewal
AED 215,000/yr12 months · AED 92 per sqft
1 Nov 2018RentedNew contract
AED 235,000/yr12 months · AED 100 per sqft
17 Aug 2017RentedRenewal
AED 300,000/yr6 months · AED 128 per sqft
17 Aug 2016RentedRenewal
AED 300,000/yr12 months · AED 128 per sqft
17 Aug 2015RentedRenewal
AED 300,000/yr12 months · AED 128 per sqft
17 Aug 2014RentedNew contract
AED 300,000/yr12 months · AED 128 per sqft

Source: Dubai Land Department. Updated 16 August 2021.

Key facts

Type
3-bed apartment
Size
2,351 sqft
Floor
14th of 20
Parking
2007 , 2008
Developer
Emaar
Completed
2004
Service charge
AED 34,500 /yr
Last sold
AED 2.83M · April 2008

About 1401, Al Fairooz Tower

1401 is a three-bedroom apartment of 2,351 sqft on the 14th floor of Al Fairooz Tower, a 20-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 24 April 2008 for AED 2,825,000, or AED 1,201 per sqft, 36% above the AED 882 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 16 August 2021, is AED 235,000 a year: a gross yield of 8.3% on the 2008 price, before the service charge of about AED 34,500 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, each saleTypical three-bed in Al Fairooz Tower
2M4M6M2008201320182023Typical sale price by year: 2008 AED 2,587,500; 2009 AED 2,550,000; 2010 AED 1,922,944; 2011 AED 2,203,750; 2012 AED 2,600,000; 2013 AED 3,150,000; 2014 AED 4,250,000; 2016 AED 3,100,000; 2017 AED 3,525,000; 2018 AED 3,000,000; 2023 AED 3,550,000; 2024 AED 3,873,451; 2025 AED 5,875,000; 2026 AED 6,075,000Sold by developer, April 2008: AED 2,825,000 (AED 1,201 per sqft)

1401 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1401, each contractTypical three-bed in Al Fairooz Tower
200K300K2012201620202024Typical rent by year: 2012 AED 190,000; 2013 AED 220,000; 2014 AED 250,000; 2015 AED 250,000; 2016 AED 240,000; 2017 AED 242,500; 2018 AED 231,000; 2019 AED 206,000; 2020 AED 190,000; 2021 AED 170,000; 2022 AED 182,000; 2023 AED 230,000; 2024 AED 231,000; 2025 AED 259,683; 2026 AED 230,000New contract, August 2014: AED 300,000 a yearRenewal, August 2015: AED 300,000 a yearRenewal, August 2016: AED 300,000 a yearRenewal, August 2017: AED 300,000 a yearNew contract, November 2018: AED 235,000 a yearRenewal, November 2019: AED 215,000 a yearNew contract, November 2020: AED 215,000 a yearNew contract, August 2021: AED 235,000 a year

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

3-beds in Al Fairooz Tower, and where 1401 sits

All 66 3-beds →

1401 last sold in April 2008 at AED 1,201 per sqft, 36% above what three-beds in Al Fairooz Tower were fetching at the time (AED 882). Over the last 12 months three-beds sold for AED 5,100,000 to 12,100,000, around AED 2,132 per sqft, and rent for AED 175,000 to 714,000 a year. 1401's AED 235,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
11 Aug 20266,950,000
12 Jun 202612,100,000
26 Feb 20265,100,000
21 Jan 20265,200,000
5 3-bed sales in the last 12 months

Al Fairooz Tower

Building

108 apartments, 2-bed to 5-bed over 20 floors in Dubai Marina, completed in 2004 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,070
Typical sale
AED 5.5M
Typical rent
AED 226K /yr
Typical yield
5.2%
Al Fairooz Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 108 units in Al Fairooz Tower
Value
14022-bedAED 3.1M · Apr 2026
14033-bedAED 2.3M · Jun 2014
14043-bedAED 1.9M · Dec 2009
14052-bedAED 2.45M · Jul 2012
14063-bedAED 2.6M · Jul 2020

1401, Al Fairooz Tower in numbers

  • Sold once: by Emaar on 24 April 2008 for AED 2,825,000, or AED 1,201 per sqft.
  • Rented since August 2014 on 8 Ejari contracts, from AED 300,000 to AED 235,000 a year.
  • At AED 235,000 a year the gross yield on the 2008 price is 8.3%, before a service charge of about AED 34,500 a year (AED 14.69 per sqft).
  • Three-beds in Al Fairooz Tower sold for AED 5,100,000–12,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,070 per sqft.

Source: Dubai Land Department. Updated 16 August 2021.

Questions about 1401, Al Fairooz Tower

What did unit 1401 last sell for?

AED 2,825,000 on 24 April 2008, sold by the developer: AED 1,201 per sqft for 2,351 sqft. It is the only registered sale of the unit.

What is the rent for unit 1401?

AED 235,000 a year on the contract signed on 16 August 2021. The previous contract, from November 2020, was AED 215,000; the unit has been rented since August 2014.

How big is unit 1401?

2,351 sqft (218.4 sqm): a three-bedroom apartment on the 14th floor of a 20-storey tower completed in 2004.

What is unit 1401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Fairooz Tower sold for AED 5,100,000 to 12,100,000 in the last 12 months, around AED 2,132 per sqft.

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Mortgage on 1401, Al Fairooz Tower

Starts from the last sale price (AED 2.83M, 24 April 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,825,000
Deposit, UAE resident (20%)
AED 565,000
Deposit, non-resident (40%)
AED 1,130,000
Monthly over 25 years at 3.7%
AED 11,558

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