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3-bed · 2,439 sqftAl Fairooz Tower, Dubai Marina · 15th floor · completed 2004

1503, Al Fairooz Tower

Sold prices and rental history: sold twice, last in July 2019, and rented once, from February 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 18 July 2019
Last soldAED 2.33M18 July 2019
Current rentAED 237K /yr16 February 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, Al Fairooz Tower

What is 1503 worth today?

Last sold for AED 2,325,000 in 2019

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18 Jul 2019SoldReady
AED 2,325,000AED 953 per sqft
16 Feb 2015RentedNew contract
AED 237,000/yr12 months · AED 97 per sqft
4 Aug 2008Sold by developerReady
AED 4,000,000AED 1,640 per sqft

Source: Dubai Land Department. Updated 18 July 2019.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
15th of 20
Parking
2161 , 2162
Developer
Emaar
Completed
2004
Service charge
AED 35,800 /yr
Last sold
AED 2.33M · July 2019
Building
Al Fairooz Tower

About 1503, Al Fairooz Tower

1503 is a three-bedroom apartment of 2,439 sqft on the 15th floor of Al Fairooz Tower, a 20-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 18 July 2019 for AED 2,325,000, or AED 953 per sqft, 13% below the AED 1,095 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 February 2015. The current contract, signed on 16 February 2015, is AED 237,000 a year: a gross yield of 10.2% on the 2019 price, before the service charge of about AED 35,800 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, 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, August 2008: AED 4,000,000 (AED 1,640 per sqft)Sold, July 2019: AED 2,325,000 (AED 953 per sqft)

1503 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1503, each contractTypical three-bed in Al Fairooz Tower
200K250K2012201620202024Typical 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, February 2015: AED 237,000 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 1503 sits

All 66 3-beds →

1503 last sold in July 2019 at AED 953 per sqft, 13% below what three-beds in Al Fairooz Tower were fetching at the time (AED 1,095). 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. 1503's AED 237,000 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 15th floor

All 108 units in Al Fairooz Tower
Value
15013-bedAED 2.88M · Jun 2013
15022-bedAED 1.62M · Mar 2013
15043-bedAED 3.55M · Mar 2023
15052-bedAED 1.64M · Apr 2013

1503, Al Fairooz Tower in numbers

  • Sold twice: first on 4 August 2008 for AED 4,000,000, last on 18 July 2019 for AED 2,325,000 (AED 953 per sqft).
  • Rented since February 2015 on one Ejari contract, at AED 237,000 a year.
  • At AED 237,000 a year the gross yield on the 2019 price is 10.2%, before a service charge of about AED 35,800 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 18 July 2019.

Questions about 1503, Al Fairooz Tower

What did unit 1503 last sell for?

AED 2,325,000 on 18 July 2019: AED 953 per sqft for 2,439 sqft. The unit has 2 registered sales; the first was AED 4,000,000 in August 2008.

What is the rent for unit 1503?

AED 237,000 a year on the contract signed on 16 February 2015.

How big is unit 1503?

2,439 sqft (226.6 sqm): a three-bedroom apartment on the 15th floor of a 20-storey tower completed in 2004.

What is unit 1503 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 1503, Al Fairooz Tower

Starts from the last sale price (AED 2.33M, 18 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,325,000
Deposit, UAE resident (20%)
AED 465,000
Deposit, non-resident (40%)
AED 930,000
Monthly over 25 years at 3.7%
AED 9,512

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