2-bed · 1,570 sqftAl Fairooz Tower, Dubai Marina · 8th floor · completed 2004

802, Al Fairooz Tower

Sold prices and rental history: sold once, by the developer in December 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 4 March 2020
Last soldAED 1.46M8 December 2009
Current rentAED 165K /yr4 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, Al Fairooz Tower

What is 802 worth today?

Last sold for AED 1,460,000 in 2009

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4 Mar 2020RentedRenewal
AED 165,000/yr12 months · AED 105 per sqft
4 Mar 2019RentedRenewal
AED 170,000/yr12 months · AED 108 per sqft
31 Jan 2017RentedNew contract
AED 170,000/yr12 months · AED 108 per sqft
20 Dec 2015RentedRenewal
AED 210,000/yr12 months · AED 134 per sqft
20 Dec 2014RentedNew contract
AED 210,000/yr12 months · AED 134 per sqft
26 Sep 2014RentedNew contract
AED 190,000/yr12 months · AED 121 per sqft
8 Dec 2009Sold by developerReady
AED 1,460,000AED 929 per sqft

Source: Dubai Land Department. Updated 4 March 2020.

Key facts

Type
2-bed apartment
Size
1,570 sqft
Floor
8th of 20
Parking
192
Developer
Emaar
Completed
2004
Service charge
AED 23,100 /yr
Last sold
AED 1.46M · December 2009

About 802, Al Fairooz Tower

802 is a two-bedroom apartment of 1,570 sqft on the 8th floor of Al Fairooz Tower, a 20-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 8 December 2009 for AED 1,460,000, or AED 929 per sqft, in line with the AED 929 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 4 March 2020, is AED 165,000 a year: a gross yield of 11.3% on the 2009 price, before the service charge of about AED 23,100 a year.

Sales and rents for 802 over time

Sales
Unit 802, 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, December 2009: AED 1,460,000 (AED 929 per sqft)

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

Rents
Unit 802, each contractTypical two-bed in Al Fairooz Tower
100K150K200K2013201720212025Typical 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, September 2014: AED 190,000 a yearNew contract, December 2014: AED 210,000 a yearRenewal, December 2015: AED 210,000 a yearNew contract, January 2017: AED 170,000 a yearRenewal, March 2019: AED 170,000 a yearRenewal, March 2020: 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 802 sits

All 31 2-beds →

802 last sold in December 2009 at AED 929 per sqft, in line with what two-beds in Al Fairooz Tower were fetching at the time (AED 929). 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. 802'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 8th floor

All 108 units in Al Fairooz Tower
Value
8013-bedAED 1.24M · Jul 2010
8033-bedAED 1.84M · Mar 2012
8043-bedAED 2.91M · Jul 2018
8052-bedAED 875K · Feb 2021
8063-bedAED 5.55M · May 2024

802, Al Fairooz Tower in numbers

  • Sold once: by Emaar on 8 December 2009 for AED 1,460,000, or AED 929 per sqft.
  • Rented since September 2014 on 6 Ejari contracts, from AED 190,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2009 price is 11.3%, before a service charge of about AED 23,100 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 4 March 2020.

Questions about 802, Al Fairooz Tower

What did unit 802 last sell for?

AED 1,460,000 on 8 December 2009, sold by the developer: AED 929 per sqft for 1,570 sqft. It is the only registered sale of the unit.

What is the rent for unit 802?

AED 165,000 a year on the contract renewed on 4 March 2020. The previous contract, from March 2019, was AED 170,000; the unit has been rented since September 2014.

How big is unit 802?

1,570 sqft (145.9 sqm): a two-bedroom apartment on the 8th floor of a 20-storey tower completed in 2004.

What is unit 802 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 802, Al Fairooz Tower

Starts from the last sale price (AED 1.46M, 8 December 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,000
Deposit, UAE resident (20%)
AED 292,000
Deposit, non-resident (40%)
AED 584,000
Monthly over 25 years at 3.7%
AED 5,973

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