3-bed · 2,498 sqftAl Mass Tower, Dubai Marina · 5th floor · completed 2004

506, Al Mass Tower

Sold prices and rental history: sold 5 times, last in October 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 6 October 2023
Last soldAED 5.25M6 October 2023
Current rentAED 280K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Al Mass Tower

What is 506 worth today?

Last sold for AED 5,247,588 in 2023

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6 Oct 2023SoldReady
AED 5,247,588AED 2,100 per sqft
1 Mar 2023RentedRenewal
AED 280,000/yr12 months · AED 112 per sqft
1 Mar 2022RentedNew contract
AED 280,000/yr12 months · AED 112 per sqft
15 Sep 2020RentedNew contract
AED 232,000/yr12 months · AED 93 per sqft
26 Jul 2020SoldReady
AED 2,400,000AED 960 per sqft
15 Sep 2019RentedNew contract
AED 232,000/yr12 months · AED 93 per sqft
28 Sep 2017RentedRenewal
AED 225,000/yr12 months · AED 90 per sqft
28 Sep 2016RentedNew contract
AED 225,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 6 October 2023.

Key facts

Type
3-bed apartment
Size
2,498 sqft
Floor
5th of 28
Parking
331 , 332
Developer
Emaar
Completed
2004
Service charge
AED 37,500 /yr
Last sold
AED 5.25M · October 2023

About 506, Al Mass Tower

506 is a three-bedroom apartment of 2,498 sqft on the 5th floor of Al Mass Tower, a 28-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 6 October 2023 for AED 5,247,588, or AED 2,100 per sqft, 37% above the AED 1,530 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 280,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 37,500 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, February 2011: AED 2,500,000 (AED 1,000 per sqft)Sold, March 2013: AED 4,000,000 (AED 1,601 per sqft)Sold, January 2016: AED 2,900,000 (AED 2,321 per sqft)Sold, July 2020: AED 2,400,000 (AED 960 per sqft)Sold, October 2023: AED 5,247,588 (AED 2,100 per sqft)

506 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 506, each contractTypical three-bed in Al Mass Tower
200K300K2012201620202024Typical 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, September 2014: AED 225,000 a yearNew contract, September 2016: AED 225,000 a yearRenewal, September 2017: AED 225,000 a yearNew contract, September 2019: AED 232,000 a yearNew contract, September 2020: AED 232,000 a yearNew contract, March 2022: AED 280,000 a yearRenewal, March 2023: AED 280,000 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 506 sits

All 105 3-beds →

506 last sold in October 2023 at AED 2,100 per sqft, 37% above what three-beds in Al Mass Tower were fetching at the time (AED 1,530). 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. 506's AED 280,000 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 5th floor

All 169 units in Al Mass Tower
Value
5013-bedAED 3.55M · Aug 2010
5022-bedAED 2.58M · Jan 2017
5033-bedAED 3M · Feb 2023
5043-bedAED 760K · Jun 2010
5052-bedAED 986K · Jun 2009

506, Al Mass Tower in numbers

  • Sold 5 times: first on 8 February 2011 for AED 2,500,000, last on 6 October 2023 for AED 5,247,588 (AED 2,100 per sqft).
  • Rented since September 2014 on 7 Ejari contracts, from AED 225,000 to AED 280,000 a year.
  • At AED 280,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 37,500 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 6 October 2023.

Questions about 506, Al Mass Tower

What did unit 506 last sell for?

AED 5,247,588 on 6 October 2023: AED 2,100 per sqft for 2,498 sqft. The unit has 5 registered sales; the first was AED 2,500,000 in February 2011.

What is the rent for unit 506?

AED 280,000 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 280,000; the unit has been rented since September 2014.

How big is unit 506?

2,498 sqft (232.1 sqm): a three-bedroom apartment on the 5th floor of a 28-storey tower completed in 2004.

What is unit 506 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 506, Al Mass Tower

Starts from the last sale price (AED 5.25M, 6 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,247,588
Deposit, UAE resident (20%)
AED 1,049,518
Deposit, non-resident (40%)
AED 2,099,035
Monthly over 25 years at 3.7%
AED 21,470

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