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1-bed · 1,535 sqftAl Mesk Tower, Dubai Marina · 4th floor · completed 2023

407, Al Mesk Tower

Sold prices and rental history: sold twice, last in February 2019, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 27 February 2019
Last soldAED 1.74M27 February 2019
Current rentAED 130K /yr5 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Al Mesk Tower

What is 407 worth today?

Last sold for AED 1,735,000 in 2019

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27 Feb 2019SoldReady
AED 1,735,000AED 1,130 per sqft
24 Jul 2016Sold by developerReady
AED 1,500,000AED 977 per sqft
5 Oct 2014RentedNew contract
AED 130,000/yr12 months · AED 84 per sqft
5 Oct 2013RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 27 February 2019.

Key facts

Type
1-bed apartment
Size
1,535 sqft
Floor
4th of 37
Parking
2875
Developer
Emaar
Completed
2023
Service charge
AED 22,500 /yr
Last sold
AED 1.74M · February 2019
Building
Al Mesk Tower

About 407, Al Mesk Tower

407 is a one-bedroom apartment of 1,535 sqft on the 4th floor of Al Mesk Tower, a 37-storey tower in Dubai Marina completed in 2023 by Emaar. It last sold on 27 February 2019 for AED 1,735,000, or AED 1,130 per sqft, 25% below the AED 1,499 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 5 October 2014, is AED 130,000 a year: a gross yield of 7.5% on the 2019 price, before the service charge of about AED 22,500 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Al Mesk Tower
1M2M2008201320182023Typical sale price by year: 2008 AED 1,155,000; 2009 AED 873,000; 2010 AED 817,000; 2011 AED 1,300,750; 2012 AED 1,254,500; 2013 AED 2,225,000; 2014 AED 2,525,000; 2015 AED 2,200,000; 2016 AED 1,500,000; 2017 AED 2,050,000; 2018 AED 1,850,000; 2019 AED 1,625,000; 2023 AED 2,550,000; 2024 AED 1,891,569; 2025 AED 2,567,500Sold by developer, July 2016: AED 1,500,000 (AED 977 per sqft)Sold, February 2019: AED 1,735,000 (AED 1,130 per sqft)

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

Rents
Unit 407, each contractTypical one-bed in Al Mesk Tower
100K125K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 125,000; 2014 AED 135,000; 2015 AED 142,500; 2016 AED 142,500; 2017 AED 137,000; 2018 AED 121,250; 2019 AED 110,000; 2020 AED 95,000; 2021 AED 90,000; 2022 AED 110,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 131,000; 2026 AED 130,000New contract, October 2013: AED 125,000 a yearNew contract, October 2014: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Al Mesk Tower, and where 407 sits

All 71 1-beds →

407 last sold in February 2019 at AED 1,130 per sqft, 25% below what one-beds in Al Mesk Tower were fetching at the time (AED 1,499). Over the last 12 months one-beds sold for AED 2,550,000 to 3,000,000, around AED 2,048 per sqft, and rent for AED 80,000 to 210,000 a year. 407's AED 130,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jan 20262,550,000
17 Nov 20253,000,000
9 Jul 20252,300,000
25 Jun 20253,060,000
2 1-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 4th floor

All 232 units in Al Mesk Tower
Value
4012-bedAED 2.8M · Dec 2016
4021-bedAED 1.38M · Mar 2012
4034-bedAED 5.35M · Jul 2024
4044-bedAED 5.3M · Jun 2024
4051-bedAED 2.28M · Jan 2025
4062-bedAED 2.2M · Dec 2018

407, Al Mesk Tower in numbers

  • Sold twice: first on 24 July 2016 for AED 1,500,000, last on 27 February 2019 for AED 1,735,000 (AED 1,130 per sqft).
  • Rented since October 2013 on 2 Ejari contracts, from AED 125,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2019 price is 7.5%, before a service charge of about AED 22,500 a year (AED 14.69 per sqft).
  • One-beds in Al Mesk Tower sold for AED 2,550,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,904 per sqft.

Source: Dubai Land Department. Updated 27 February 2019.

Questions about 407, Al Mesk Tower

What did unit 407 last sell for?

AED 1,735,000 on 27 February 2019: AED 1,130 per sqft for 1,535 sqft. The unit has 2 registered sales; the first was AED 1,500,000 in July 2016.

What is the rent for unit 407?

AED 130,000 a year on the contract signed on 5 October 2014. The previous contract, from October 2013, was AED 125,000.

How big is unit 407?

1,535 sqft (142.6 sqm): a one-bedroom apartment on the 4th floor of a 37-storey tower completed in 2023.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Mesk Tower sold for AED 2,550,000 to 3,000,000 in the last 12 months, around AED 2,048 per sqft.

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Mortgage on 407, Al Mesk Tower

Starts from the last sale price (AED 1.74M, 27 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,735,000
Deposit, UAE resident (20%)
AED 347,000
Deposit, non-resident (40%)
AED 694,000
Monthly over 25 years at 3.7%
AED 7,098

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