3-bed · 2,429 sqftAl Fairooz Tower, Dubai Marina · 5th floor · completed 2004

504, Al Fairooz Tower

Sold prices and rental history: sold once, by the developer in December 2010, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 13 February 2021
Last soldAED 1.77M20 December 2010
Current rentAED 150K /yr13 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Al Fairooz Tower

What is 504 worth today?

Last sold for AED 1,770,000 in 2010

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13 Feb 2021RentedRenewal
AED 150,000/yr6 months · AED 62 per sqft
13 Feb 2020RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
20 Dec 2010Sold by developerReady
AED 1,770,000AED 728 per sqft

Source: Dubai Land Department. Updated 13 February 2021.

Key facts

Type
3-bed apartment
Size
2,429 sqft
Floor
5th of 20
Parking
2219
Developer
Emaar
Completed
2004
Service charge
AED 35,700 /yr
Last sold
AED 1.77M · December 2010

About 504, Al Fairooz Tower

504 is a three-bedroom apartment of 2,429 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 20 December 2010 for AED 1,770,000, or AED 728 per sqft, 8% below the AED 791 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 13 February 2021, is AED 150,000 a year: a gross yield of 8.5% on the 2010 price, before the service charge of about AED 35,700 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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, December 2010: AED 1,770,000 (AED 728 per sqft)

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

Rents
Unit 504, each contractTypical three-bed in Al Fairooz Tower
200K2012201620202024Typical 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 2020: AED 130,000 a yearRenewal, February 2021: AED 150,000 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 504 sits

All 66 3-beds →

504 last sold in December 2010 at AED 728 per sqft, 8% below what three-beds in Al Fairooz Tower were fetching at the time (AED 791). 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. 504's AED 150,000 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 5th floor

All 108 units in Al Fairooz Tower
Value
5013-bedAED 2.9M · Mar 2010
5022-bedAED 700K · Sep 2011
5033-bedAED 4.5M · Feb 2014
5052-bedAED 2.05M · Nov 2019
5063-bedAED 3.69M · Jun 2009

504, Al Fairooz Tower in numbers

  • Sold once: by Emaar on 20 December 2010 for AED 1,770,000, or AED 728 per sqft.
  • Rented since February 2020 on 2 Ejari contracts, from AED 130,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2010 price is 8.5%, before a service charge of about AED 35,700 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 13 February 2021.

Questions about 504, Al Fairooz Tower

What did unit 504 last sell for?

AED 1,770,000 on 20 December 2010, sold by the developer: AED 728 per sqft for 2,429 sqft. It is the only registered sale of the unit.

What is the rent for unit 504?

AED 150,000 a year on the contract renewed on 13 February 2021. The previous contract, from February 2020, was AED 130,000.

How big is unit 504?

2,429 sqft (225.7 sqm): a three-bedroom apartment on the 5th floor of a 20-storey tower completed in 2004.

What is unit 504 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 504, Al Fairooz Tower

Starts from the last sale price (AED 1.77M, 20 December 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,770,000
Deposit, UAE resident (20%)
AED 354,000
Deposit, non-resident (40%)
AED 708,000
Monthly over 25 years at 3.7%
AED 7,242

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