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2-bed · 1,509 sqftAl Mesk Tower, Dubai Marina · 27th floor · completed 2023

2705, Al Mesk Tower

Sold prices and rental history: sold once, by the developer in August 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2705 · DLD and Ejari recordsUpdated 10 November 2017
Last soldAED 2.5M26 August 2008
Current rentAED 216K /yr10 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2705, Al Mesk Tower

What is 2705 worth today?

Last sold for AED 2,500,000 in 2008

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10 Nov 2017RentedNew contract
AED 216,000/yr12 months · AED 143 per sqft
10 Nov 2016RentedRenewal
AED 235,872/yr12 months · AED 157 per sqft
10 Nov 2014RentedRenewal
AED 113,400/yr24 months · AED 75 per sqft
10 Nov 2013RentedNew contract
AED 210,000/yr12 months · AED 139 per sqft
28 Oct 2012RentedNew contract
AED 195,000/yr12 months · AED 129 per sqft
26 Aug 2008Sold by developerReady
AED 2,500,000AED 1,656 per sqft

Source: Dubai Land Department. Updated 10 November 2017.

Key facts

Type
2-bed apartment
Size
1,509 sqft
Floor
27th of 37
Parking
2686
Developer
Emaar
Completed
2023
Service charge
AED 22,200 /yr
Last sold
AED 2.5M · August 2008
Building
Al Mesk Tower

About 2705, Al Mesk Tower

2705 is a two-bedroom apartment of 1,509 sqft on the 27th floor of Al Mesk Tower, a 37-storey tower in Dubai Marina completed in 2023 by Emaar. The developer sold it on 26 August 2008 for AED 2,500,000, or AED 1,656 per sqft, 38% above the AED 1,198 two-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 10 November 2017, is AED 216,000 a year: a gross yield of 8.6% on the 2008 price, before the service charge of about AED 22,200 a year.

Sales and rents for 2705 over time

Sales
Unit 2705, each saleTypical two-bed in Al Mesk Tower
2M2008201320182023Typical sale price by year: 2008 AED 1,550,000; 2009 AED 1,411,000; 2010 AED 1,273,000; 2011 AED 1,411,000; 2012 AED 2,225,000; 2013 AED 2,275,245; 2014 AED 3,550,000; 2015 AED 2,925,000; 2016 AED 3,100,000; 2017 AED 2,550,000; 2018 AED 2,420,000; 2020 AED 2,100,000; 2021 AED 2,525,000; 2023 AED 2,426,725; 2024 AED 3,300,000Sold by developer, August 2008: AED 2,500,000 (AED 1,656 per sqft)

2705 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2705, each contractTypical two-bed in Al Mesk Tower
100K200K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 176,500; 2014 AED 197,500; 2015 AED 195,000; 2016 AED 190,000; 2017 AED 184,000; 2018 AED 169,900; 2019 AED 145,000; 2020 AED 121,750; 2021 AED 130,000; 2022 AED 130,000; 2023 AED 167,500; 2024 AED 180,000; 2025 AED 190,000; 2026 AED 195,000New contract, October 2012: AED 195,000 a yearNew contract, November 2013: AED 210,000 a yearRenewal, November 2014: AED 113,400 a yearRenewal, November 2016: AED 235,872 a yearNew contract, November 2017: AED 216,000 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 Mesk Tower, and where 2705 sits

All 65 2-beds →

2705 last sold in August 2008 at AED 1,656 per sqft, 38% above what two-beds in Al Mesk Tower were fetching at the time (AED 1,198). 2705's AED 216,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Apr 20254,800,000
16 Dec 20243,500,000
16 Dec 20243,500,000
11 Jun 20243,175,000
0 2-bed sales in the last 12 months

Al Mesk Tower

Building

232 apartments, 1-bed to 5-bed over 37 floors in Dubai Marina, completed in 2023 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 1,904
Typical sale
AED 3.95M
Typical rent
AED 185K /yr
Typical yield
5.6%
Al Mesk Tower, Dubai Marina: prices, sales and rents →

Other units on the 27th floor

All 232 units in Al Mesk Tower
Value
27013-bedAED 3M · May 2010
27022-bedAED 1.37M · Jul 2011
27033-bedAED 3.13M · Jul 2022
27043-bedAED 6M · Mar 2014
27063-bedAED 2.28M · Apr 2010

2705, Al Mesk Tower in numbers

  • Sold once: by Emaar on 26 August 2008 for AED 2,500,000, or AED 1,656 per sqft.
  • Rented since October 2012 on 5 Ejari contracts. The rent fell from AED 195,000 to AED 113,400 in 2014 and recovered to AED 216,000 by November 2017.
  • At AED 216,000 a year the gross yield on the 2008 price is 8.6%, before a service charge of about AED 22,200 a year (AED 14.69 per sqft).

Source: Dubai Land Department. Updated 10 November 2017.

Questions about 2705, Al Mesk Tower

What did unit 2705 last sell for?

AED 2,500,000 on 26 August 2008, sold by the developer: AED 1,656 per sqft for 1,509 sqft. It is the only registered sale of the unit.

What is the rent for unit 2705?

AED 216,000 a year on the contract signed on 10 November 2017. The previous contract, from November 2016, was AED 235,872; the unit has been rented since October 2012.

How big is unit 2705?

1,509 sqft (140.2 sqm): a two-bedroom apartment on the 27th floor of a 37-storey tower completed in 2023.

What is unit 2705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 2705, Al Mesk Tower

Starts from the last sale price (AED 2.5M, 26 August 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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