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

1406, Al Fairooz Tower

Sold prices and rental history: sold 3 times, last in July 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 2.6M23 July 2020
Current rentAED 100K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1406, Al Fairooz Tower

What is 1406 worth today?

Last sold for AED 2,600,000 in 2020

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1 Jul 2024RentedNew contract
AED 100,000/yr12 months · AED 43 per sqft
1 Jul 2024RentedNew contract
AED 100,000/yr12 months · AED 43 per sqft
23 Jul 2020SoldReady
AED 2,600,000AED 1,105 per sqft
1 Jan 2020RentedRenewal
AED 250,000/yr6 months · AED 107 per sqft
1 May 2019RentedRenewal
AED 265,001/yr8 months · AED 113 per sqft
1 Jun 2018RentedRenewal
AED 260,000/yr11 months · AED 111 per sqft
1 Jun 2017RentedRenewal
AED 265,000/yr12 months · AED 113 per sqft
1 Jun 2016RentedNew contract
AED 265,000/yr12 months · AED 113 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
3-bed apartment
Size
2,351 sqft
Floor
14th of 20
Parking
2183 , 2184
Developer
Emaar
Completed
2004
Service charge
AED 34,500 /yr
Last sold
AED 2.6M · July 2020
Building
Al Fairooz Tower

About 1406, Al Fairooz Tower

1406 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. It last sold on 23 July 2020 for AED 2,600,000, or AED 1,105 per sqft.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 July 2024, is AED 100,000 a year: a gross yield of 3.9% on the 2020 price, before the service charge of about AED 34,500 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, 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, February 2010: AED 2,825,000 (AED 1,201 per sqft)Sold, April 2013: AED 2,825,000 (AED 1,201 per sqft)Sold, July 2020: AED 2,600,000 (AED 1,105 per sqft)

1406 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1406, each contractTypical three-bed in Al Fairooz Tower
100K200K300K2012201620202024Typical 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, November 2013: AED 265,000 a yearRenewal, November 2014: AED 290,000 a yearRenewal, November 2015: AED 310,000 a yearNew contract, June 2016: AED 265,000 a yearRenewal, June 2017: AED 265,000 a yearRenewal, June 2018: AED 260,000 a yearRenewal, May 2019: AED 265,001 a yearRenewal, January 2020: AED 250,000 a yearNew contract, July 2024: AED 100,000 a yearNew contract, July 2024: AED 100,000 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 1406 sits

All 66 3-beds →

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. 1406's AED 100,000 is at the bottom 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
14013-bedAED 2.83M · Apr 2008
14022-bedAED 3.1M · Apr 2026
14033-bedAED 2.3M · Jun 2014
14043-bedAED 1.9M · Dec 2009
14052-bedAED 2.45M · Jul 2012

1406, Al Fairooz Tower in numbers

  • Sold 3 times: first on 28 February 2010 for AED 2,825,000, last on 23 July 2020 for AED 2,600,000 (AED 1,105 per sqft).
  • Rented since November 2013 on 10 Ejari contracts, from AED 265,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2020 price is 3.9%, 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 1 July 2024.

Questions about 1406, Al Fairooz Tower

What did unit 1406 last sell for?

AED 2,600,000 on 23 July 2020: AED 1,105 per sqft for 2,351 sqft. The unit has 3 registered sales; the first was AED 2,825,000 in February 2010.

What is the rent for unit 1406?

AED 100,000 a year on the contract signed on 1 July 2024. The previous contract, from July 2024, was AED 100,000; the unit has been rented since November 2013.

How big is unit 1406?

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 1406 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 1406, Al Fairooz Tower

Starts from the last sale price (AED 2.6M, 23 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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