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2-bed · 1,522 sqftAl Fairooz Tower, Dubai Marina · 15th floor · completed 2004

1502, Al Fairooz Tower

Sold prices and rental history: sold once, by the developer in March 2013, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 1 November 2016
Last soldAED 1.62M31 March 2013
Current rentAED 165K /yr1 November 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Al Fairooz Tower

What is 1502 worth today?

Last sold for AED 1,620,000 in 2013

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1 Nov 2016RentedNew contract
AED 165,000/yr12 months · AED 109 per sqft
6 Jun 2015RentedNew contract
AED 200,000/yr12 months · AED 132 per sqft
6 Jun 2013RentedNew contract
AED 200,000/yr12 months · AED 132 per sqft
31 Mar 2013Sold by developerReady
AED 1,620,000AED 1,064 per sqft

Source: Dubai Land Department. Updated 1 November 2016.

Key facts

Type
2-bed apartment
Size
1,522 sqft
Floor
15th of 20
Parking
2163
Developer
Emaar
Completed
2004
Service charge
AED 22,400 /yr
Last sold
AED 1.62M · March 2013
Building
Al Fairooz Tower

About 1502, Al Fairooz Tower

1502 is a two-bedroom apartment of 1,522 sqft on the 15th floor of Al Fairooz Tower, a 20-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 31 March 2013 for AED 1,620,000, or AED 1,064 per sqft, in line with the AED 1,064 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 November 2016, is AED 165,000 a year: a gross yield of 10.2% on the 2013 price, before the service charge of about AED 22,400 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical two-bed in Al Fairooz Tower
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,540,000; 2009 AED 1,460,000; 2010 AED 1,725,000; 2011 AED 808,500; 2012 AED 1,777,944; 2013 AED 1,638,888; 2014 AED 2,800,000; 2017 AED 2,700,000; 2021 AED 1,300,000; 2024 AED 2,950,000Sold by developer, March 2013: AED 1,620,000 (AED 1,064 per sqft)

1502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1502, each contractTypical two-bed in Al Fairooz Tower
150K200K2013201720212025Typical rent by year: 2013 AED 181,000; 2014 AED 192,500; 2015 AED 195,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 149,792; 2019 AED 148,500; 2020 AED 121,250; 2021 AED 116,500; 2022 AED 145,000; 2023 AED 150,000; 2024 AED 176,000; 2025 AED 190,000; 2026 AED 177,500New contract, June 2013: AED 200,000 a yearNew contract, June 2015: AED 200,000 a yearNew contract, November 2016: AED 165,000 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 Al Fairooz Tower, and where 1502 sits

All 31 2-beds →

1502 last sold in March 2013 at AED 1,064 per sqft, in line with what two-beds in Al Fairooz Tower were fetching at the time (AED 1,064). Over the last 12 months two-beds sold for AED 3,100,000 to 3,250,000, around AED 2,053 per sqft, and rent for AED 150,000 to 240,000 a year. 1502's AED 165,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Aug 20263,250,000
14 Apr 20263,100,000
5 Feb 20251,012,000
4 Jul 20243,150,000
2 2-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 15th floor

All 108 units in Al Fairooz Tower
Value
15013-bedAED 2.88M · Jun 2013
15033-bedAED 2.33M · Jul 2019
15043-bedAED 3.55M · Mar 2023
15052-bedAED 1.64M · Apr 2013

1502, Al Fairooz Tower in numbers

  • Sold once: by Emaar on 31 March 2013 for AED 1,620,000, or AED 1,064 per sqft.
  • Rented since June 2013 on 3 Ejari contracts, from AED 200,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2013 price is 10.2%, before a service charge of about AED 22,400 a year (AED 14.69 per sqft).
  • Two-beds in Al Fairooz Tower sold for AED 3,100,000–3,250,000 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 November 2016.

Questions about 1502, Al Fairooz Tower

What did unit 1502 last sell for?

AED 1,620,000 on 31 March 2013, sold by the developer: AED 1,064 per sqft for 1,522 sqft. It is the only registered sale of the unit.

What is the rent for unit 1502?

AED 165,000 a year on the contract signed on 1 November 2016. The previous contract, from June 2015, was AED 200,000; the unit has been rented since June 2013.

How big is unit 1502?

1,522 sqft (141.4 sqm): a two-bedroom apartment on the 15th floor of a 20-storey tower completed in 2004.

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 Fairooz Tower sold for AED 3,100,000 to 3,250,000 in the last 12 months, around AED 2,053 per sqft.

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Mortgage on 1502, Al Fairooz Tower

Starts from the last sale price (AED 1.62M, 31 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,620,000
Deposit, UAE resident (20%)
AED 324,000
Deposit, non-resident (40%)
AED 648,000
Monthly over 25 years at 3.7%
AED 6,628

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