3-bed · 2,498 sqftAl Mass Tower, Dubai Marina · 7th floor · completed 2004

701, Al Mass Tower

Sold prices and rental history: sold once, by the developer in May 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 8 December 2019
Last soldAED 1.84M13 May 2012
Current rentAED 175K /yr8 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Al Mass Tower

What is 701 worth today?

Last sold for AED 1,835,000 in 2012

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8 Dec 2019RentedNew contract
AED 175,000/yr12 months · AED 70 per sqft
2 May 2017RentedRenewal
AED 215,000/yr12 months · AED 86 per sqft
2 May 2016RentedNew contract
AED 215,000/yr12 months · AED 86 per sqft
12 Jan 2015RentedNew contract
AED 250,000/yr12 months · AED 100 per sqft
15 Sep 2012RentedNew contract
AED 230,000/yr12 months · AED 92 per sqft
13 May 2012Sold by developerReady
AED 1,835,000AED 734 per sqft

Source: Dubai Land Department. Updated 8 December 2019.

Key facts

Type
3-bed apartment
Size
2,498 sqft
Floor
7th of 28
Parking
131
Developer
Emaar
Completed
2004
Service charge
AED 37,500 /yr
Last sold
AED 1.84M · May 2012

About 701, Al Mass Tower

701 is a three-bedroom apartment of 2,498 sqft on the 7th floor of Al Mass Tower, a 28-storey tower in Dubai Marina completed in 2004 by Emaar. The developer sold it on 13 May 2012 for AED 1,835,000, or AED 734 per sqft, 26% below the AED 986 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 8 December 2019, is AED 175,000 a year: a gross yield of 9.5% on the 2012 price, before the service charge of about AED 37,500 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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 2012: AED 1,835,000 (AED 734 per sqft)

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

Rents
Unit 701, 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, September 2012: AED 230,000 a yearNew contract, January 2015: AED 250,000 a yearNew contract, May 2016: AED 215,000 a yearRenewal, May 2017: AED 215,000 a yearNew contract, December 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 701 sits

All 105 3-beds →

701 last sold in May 2012 at AED 734 per sqft, 26% below what three-beds in Al Mass Tower were fetching at the time (AED 986). 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. 701'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 7th floor

All 169 units in Al Mass Tower
Value
7022-bedAED 2.45M · Apr 2023
7033-bedAED 3.4M · Nov 2016
7043-bedAED 1.53M · Jun 2009
7052-bedAED 919K · Sep 2010
7063-bedAED 3.3M · Aug 2015

701, Al Mass Tower in numbers

  • Sold once: by Emaar on 13 May 2012 for AED 1,835,000, or AED 734 per sqft.
  • Rented since September 2012 on 5 Ejari contracts, from AED 230,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2012 price is 9.5%, 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 8 December 2019.

Questions about 701, Al Mass Tower

What did unit 701 last sell for?

AED 1,835,000 on 13 May 2012, sold by the developer: AED 734 per sqft for 2,498 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 175,000 a year on the contract signed on 8 December 2019. The previous contract, from May 2017, was AED 215,000; the unit has been rented since September 2012.

How big is unit 701?

2,498 sqft (232.1 sqm): a three-bedroom apartment on the 7th floor of a 28-storey tower completed in 2004.

What is unit 701 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 701, Al Mass Tower

Starts from the last sale price (AED 1.84M, 13 May 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,835,000
Deposit, UAE resident (20%)
AED 367,000
Deposit, non-resident (40%)
AED 734,000
Monthly over 25 years at 3.7%
AED 7,508

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