3-bed · 2,349 sqftAl Mass Tower, Dubai Marina · 15th floor · completed 2004

1503, Al Mass Tower

Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 1 January 2019
Last soldAED 1.66M22 July 2010
Current rentAED 175K /yr1 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1503, Al Mass Tower

What is 1503 worth today?

Last sold for AED 1,655,000 in 2010

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1 Jan 2019RentedNew contract
AED 175,000/yr12 months · AED 75 per sqft
13 Aug 2017RentedRenewal
AED 240,000/yr12 months · AED 102 per sqft
13 Aug 2016RentedRenewal
AED 250,000/yr12 months · AED 107 per sqft
13 Aug 2015RentedNew contract
AED 250,000/yr12 months · AED 107 per sqft
13 Aug 2014RentedNew contract
AED 250,000/yr12 months · AED 107 per sqft
22 Jul 2010Sold by developerReady
AED 1,655,000AED 704 per sqft

Source: Dubai Land Department. Updated 1 January 2019.

Key facts

Type
3-bed apartment
Size
2,349 sqft
Floor
15th of 28
Parking
249 , 250
Developer
Emaar
Completed
2004
Service charge
AED 35,200 /yr
Last sold
AED 1.66M · July 2010

About 1503, Al Mass Tower

1503 is a three-bedroom apartment of 2,349 sqft on the 15th floor of Al Mass Tower, a 28-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 22 July 2010 for AED 1,655,000, or AED 704 per sqft, 11% below the AED 789 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 January 2019, is AED 175,000 a year: a gross yield of 10.6% on the 2010 price, before the service charge of about AED 35,200 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical three-bed in Al Mass Tower
2.5M5M2008201320182023Typical sale price by year: 2008 AED 1,909,000; 2009 AED 1,884,238; 2010 AED 1,898,670; 2011 AED 2,300,000; 2012 AED 2,608,100; 2013 AED 3,972,500; 2014 AED 4,300,000; 2015 AED 3,800,000; 2016 AED 3,400,000; 2017 AED 4,700,000; 2018 AED 3,000,000; 2020 AED 2,525,000; 2021 AED 2,250,000; 2022 AED 3,500,000; 2023 AED 4,200,000; 2024 AED 5,242,500; 2025 AED 5,500,000; 2026 AED 6,600,000Sold by developer, July 2010: AED 1,655,000 (AED 704 per sqft)

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

Rents
Unit 1503, each contractTypical three-bed in Al Mass Tower
150K200K250K2012201620202024Typical rent by year: 2012 AED 222,750; 2013 AED 225,000; 2014 AED 230,000; 2015 AED 235,000; 2016 AED 235,000; 2017 AED 230,000; 2018 AED 215,000; 2019 AED 190,000; 2020 AED 170,000; 2021 AED 160,000; 2022 AED 184,000; 2023 AED 210,000; 2024 AED 230,000; 2025 AED 245,000; 2026 AED 240,000New contract, August 2014: AED 250,000 a yearNew contract, August 2015: AED 250,000 a yearRenewal, August 2016: AED 250,000 a yearRenewal, August 2017: AED 240,000 a yearNew contract, January 2019: AED 175,000 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 Mass Tower, and where 1503 sits

All 105 3-beds →

1503 last sold in July 2010 at AED 704 per sqft, 11% below what three-beds in Al Mass Tower were fetching at the time (AED 789). Over the last 12 months three-beds sold for AED 4,200,000 to 8,159,353, around AED 2,642 per sqft, and rent for AED 100,000 to 670,000 a year. 1503's AED 175,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Jul 20266,550,000
1 Jul 20264,200,000
13 Jun 20268,159,353
9 Mar 20267,800,000
5 3-bed sales in the last 12 months

Al Mass Tower

Building

169 apartments, 1-bed to 5-bed over 28 floors in Dubai Marina, completed in 2004 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,468
Typical sale
AED 6.58M
Typical rent
AED 221K /yr
Typical yield
4.2%
Al Mass Tower, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 169 units in Al Mass Tower
Value
15013-bedAED 4.2M · Mar 2023
15022-bedAED 1.1M · Oct 2011
15043-bedAED 1.95M · Dec 2011
15052-bedAED 980K · Apr 2011
15063-bedAED 4.3M · Mar 2023

1503, Al Mass Tower in numbers

  • Sold once: by Emaar on 22 July 2010 for AED 1,655,000, or AED 704 per sqft.
  • Rented since August 2014 on 5 Ejari contracts, from AED 250,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2010 price is 10.6%, before a service charge of about AED 35,200 a year (AED 15.00 per sqft).
  • Three-beds in Al Mass Tower sold for AED 4,200,000–8,159,353 in the 12 months to November 2026; the building's median across all types is AED 2,468 per sqft.

Source: Dubai Land Department. Updated 1 January 2019.

Questions about 1503, Al Mass Tower

What did unit 1503 last sell for?

AED 1,655,000 on 22 July 2010, sold by the developer: AED 704 per sqft for 2,349 sqft. It is the only registered sale of the unit.

What is the rent for unit 1503?

AED 175,000 a year on the contract signed on 1 January 2019. The previous contract, from August 2017, was AED 240,000; the unit has been rented since August 2014.

How big is unit 1503?

2,349 sqft (218.2 sqm): a three-bedroom apartment on the 15th floor of a 28-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 Mass Tower sold for AED 4,200,000 to 8,159,353 in the last 12 months, around AED 2,642 per sqft.

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Mortgage on 1503, Al Mass Tower

Starts from the last sale price (AED 1.66M, 22 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,655,000
Deposit, UAE resident (20%)
AED 331,000
Deposit, non-resident (40%)
AED 662,000
Monthly over 25 years at 3.7%
AED 6,771

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