3-bed · 2,483 sqftAl Mass Tower, Dubai Marina · 15th floor · completed 2004

1506, Al Mass Tower

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 25 April 2023
Last soldAED 4.3M9 March 2023
Current rentAED 212K /yr25 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, Al Mass Tower

What is 1506 worth today?

Last sold for AED 4,300,000 in 2023

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25 Apr 2023RentedNew contract
AED 211,953/yr7 months · AED 85 per sqft
9 Mar 2023SoldReady
AED 4,300,000AED 1,731 per sqft
25 Apr 2022RentedRenewal
AED 210,000/yr12 months · AED 84 per sqft
25 Apr 2021RentedRenewal
AED 210,000/yr12 months · AED 84 per sqft
25 Apr 2020RentedRenewal
AED 210,000/yr12 months · AED 84 per sqft
25 Apr 2019RentedNew contract
AED 200,000/yr12 months · AED 80 per sqft
1 Mar 2017RentedRenewal
AED 240,000/yr12 months · AED 97 per sqft
1 Mar 2016RentedNew contract
AED 240,000/yr12 months · AED 97 per sqft

Source: Dubai Land Department. Updated 25 April 2023.

Key facts

Type
3-bed apartment
Size
2,483 sqft
Floor
15th of 28
Parking
109 , 110
Developer
Emaar
Completed
2004
Service charge
AED 37,200 /yr
Last sold
AED 4.3M · March 2023

About 1506, Al Mass Tower

1506 is a three-bedroom apartment of 2,483 sqft on the 15th floor of Al Mass Tower, a 28-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 9 March 2023 for AED 4,300,000, or AED 1,731 per sqft, 19% above the AED 1,456 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 25 April 2023, is AED 211,953 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 37,200 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, 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, May 2010: AED 1,776,000 (AED 715 per sqft)Sold, March 2023: AED 4,300,000 (AED 1,731 per sqft)

1506 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1506, 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, March 2016: AED 240,000 a yearRenewal, March 2017: AED 240,000 a yearNew contract, April 2019: AED 200,000 a yearRenewal, April 2020: AED 210,000 a yearRenewal, April 2021: AED 210,000 a yearRenewal, April 2022: AED 210,000 a yearNew contract, April 2023: AED 211,953 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 1506 sits

All 105 3-beds →

1506 last sold in March 2023 at AED 1,731 per sqft, 19% above what three-beds in Al Mass Tower were fetching at the time (AED 1,456). 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. 1506's AED 211,953 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
15033-bedAED 1.66M · Jul 2010
15043-bedAED 1.95M · Dec 2011
15052-bedAED 980K · Apr 2011

1506, Al Mass Tower in numbers

  • Sold twice: first on 18 May 2010 for AED 1,776,000, last on 9 March 2023 for AED 4,300,000 (AED 1,731 per sqft).
  • Rented since March 2016 on 7 Ejari contracts, from AED 240,000 to AED 211,953 a year.
  • At AED 211,953 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 37,200 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 25 April 2023.

Questions about 1506, Al Mass Tower

What did unit 1506 last sell for?

AED 4,300,000 on 9 March 2023: AED 1,731 per sqft for 2,483 sqft. The unit has 2 registered sales; the first was AED 1,776,000 in May 2010.

What is the rent for unit 1506?

AED 211,953 a year on the contract signed on 25 April 2023. The previous contract, from April 2022, was AED 210,000; the unit has been rented since March 2016.

How big is unit 1506?

2,483 sqft (230.7 sqm): a three-bedroom apartment on the 15th floor of a 28-storey tower completed in 2004.

What is unit 1506 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 1506, Al Mass Tower

Starts from the last sale price (AED 4.3M, 9 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

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