2-bed · 1,570 sqftAl Fairooz Tower, Dubai Marina · 5th floor · completed 2004

502, Al Fairooz Tower

Sold prices and rental history: sold once, by the developer in September 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 12 September 2011
Last soldAED 700K12 September 2011
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Al Fairooz Tower

What is 502 worth today?

Last sold for AED 700,000 in 2011

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12 Sep 2011Sold by developerReady
AED 700,000AED 445 per sqft

Source: Dubai Land Department. Updated 12 September 2011.

Key facts

Type
2-bed apartment
Size
1,570 sqft
Floor
5th of 20
Parking
2170
Developer
Emaar
Completed
2004
Service charge
AED 23,100 /yr
Last sold
AED 700K · September 2011

About 502, Al Fairooz Tower

502 is a two-bedroom apartment of 1,570 sqft on the 5th floor of Al Fairooz Tower, a 20-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 12 September 2011 for AED 700,000, or AED 445 per sqft, 57% below the AED 1,025 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Al Fairooz Tower
2M2008201320182023Typical 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, September 2011: AED 700,000 (AED 445 per sqft)

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

Rents
Unit 502, 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 177,500

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 502 sits

All 31 2-beds →

502 last sold in September 2011 at AED 445 per sqft, 57% below what two-beds in Al Fairooz Tower were fetching at the time (AED 1,025). 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.

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 5th floor

All 108 units in Al Fairooz Tower
Value
5013-bedAED 2.9M · Mar 2010
5033-bedAED 4.5M · Feb 2014
5043-bedAED 1.77M · Dec 2010
5052-bedAED 2.05M · Nov 2019
5063-bedAED 3.69M · Jun 2009

502, Al Fairooz Tower in numbers

  • Sold once: by Emaar on 12 September 2011 for AED 700,000, or AED 445 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 12 September 2011.

Questions about 502, Al Fairooz Tower

What did unit 502 last sell for?

AED 700,000 on 12 September 2011, sold by the developer: AED 445 per sqft for 1,570 sqft. It is the only registered sale of the unit.

How big is unit 502?

1,570 sqft (145.9 sqm): a two-bedroom apartment on the 5th floor of a 20-storey tower completed in 2004.

What is unit 502 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 502, Al Fairooz Tower

Starts from the last sale price (AED 700K, 12 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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