4-bed · 2,901 sqftAl Mesk Tower, Dubai Marina · 5th floor · completed 2023

503, Al Mesk Tower

Sold prices and rental history: sold 4 times, last in July 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 3 May 2024
Last soldAED 4.5M6 July 2023
Current rentAED 165K /yr3 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Al Mesk Tower

What is 503 worth today?

Last sold for AED 4,500,000 in 2023

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3 May 2024RentedNew contract
AED 165,000/yr12 months · AED 57 per sqft
3 May 2024RentedNew contract
AED 165,000/yr12 months · AED 57 per sqft
6 Jul 2023SoldReady
AED 4,500,000AED 1,551 per sqft
12 Oct 2019RentedRenewal
AED 225,000/yr12 months · AED 77 per sqft
12 Oct 2018RentedRenewal
AED 225,000/yr12 months · AED 77 per sqft
12 Oct 2017RentedNew contract
AED 225,000/yr12 months · AED 77 per sqft
5 Aug 2016RentedNew contract
AED 250,000/yr12 months · AED 86 per sqft
23 Apr 2014SoldReady
AED 4,000,000AED 1,378 per sqft

Source: Dubai Land Department. Updated 3 May 2024.

Key facts

Type
4-bed apartment
Size
2,901 sqft
Floor
5th of 37
Parking
2641 , 2643
Developer
Emaar
Completed
2023
Service charge
AED 42,600 /yr
Last sold
AED 4.5M · July 2023

About 503, Al Mesk Tower

503 is a four-bedroom apartment of 2,901 sqft on the 5th floor of Al Mesk Tower, a 37-storey tower in Dubai Marina completed in 2023 by Emaar. It last sold on 6 July 2023 for AED 4,500,000, or AED 1,551 per sqft, in line with the AED 1,518 four-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 3 May 2024, is AED 165,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 42,600 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical four-bed in Al Mesk Tower
2M4M6M2008201320182023Typical sale price by year: 2008 AED 2,175,425; 2009 AED 1,913,000; 2010 AED 1,936,000; 2011 AED 2,828,000; 2012 AED 3,793,000; 2013 AED 3,650,000; 2014 AED 5,605,000; 2015 AED 2,000,000; 2020 AED 2,550,000; 2021 AED 3,687,500; 2023 AED 4,405,000; 2024 AED 5,362,500; 2025 AED 5,820,836Sold, July 2011: AED 3,900,000 (AED 1,344 per sqft)Sold by developer, July 2011: AED 2,481,300 (AED 855 per sqft)Sold, April 2014: AED 4,000,000 (AED 1,378 per sqft)Sold, July 2023: AED 4,500,000 (AED 1,551 per sqft)

503 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 503, each contractTypical four-bed in Al Mesk Tower
200K300K2012201620202024Typical rent by year: 2012 AED 240,000; 2013 AED 250,000; 2014 AED 270,000; 2015 AED 280,000; 2016 AED 264,250; 2017 AED 240,000; 2018 AED 225,000; 2019 AED 196,000; 2020 AED 180,000; 2021 AED 180,000; 2022 AED 207,000; 2023 AED 230,000; 2024 AED 265,000; 2025 AED 305,000; 2026 AED 304,000New contract, August 2016: AED 250,000 a yearNew contract, October 2017: AED 225,000 a yearRenewal, October 2018: AED 225,000 a yearRenewal, October 2019: AED 225,000 a yearNew contract, May 2024: AED 165,000 a yearNew contract, May 2024: AED 165,000 a year

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

4-beds in Al Mesk Tower, and where 503 sits

All 54 4-beds →

503 last sold in July 2023 at AED 1,551 per sqft, in line with what four-beds in Al Mesk Tower were fetching at the time (AED 1,518). Over the last 12 months four-beds sold for AED 1,525,705 to 5,400,000, around AED 1,850 per sqft, and rent for AED 242,000 to 420,000 a year. 503's AED 165,000 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
7 Jul 20265,400,000
30 Jun 20265,367,506
18 Nov 20251,525,705
14 Aug 20255,820,836
3 4-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 5th floor

All 232 units in Al Mesk Tower
Value
5012-bedAED 1.26M · Feb 2013
5021-bedAED 2.3M · Jul 2025
5044-bedAED 901K · Aug 2009
5051-bedAED 1.4M · Jun 2021
5062-bedAED 2M · Nov 2020
5072-bedAED 2.38M · Oct 2023

503, Al Mesk Tower in numbers

  • Sold 4 times: first on 12 July 2011 for AED 2,481,300, last on 6 July 2023 for AED 4,500,000 (AED 1,551 per sqft).
  • Rented since August 2016 on 6 Ejari contracts, from AED 250,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2023 price is 3.7%, before a service charge of about AED 42,600 a year (AED 14.69 per sqft).
  • Four-beds in Al Mesk Tower sold for AED 1,525,705–5,400,000 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 3 May 2024.

Questions about 503, Al Mesk Tower

What did unit 503 last sell for?

AED 4,500,000 on 6 July 2023: AED 1,551 per sqft for 2,901 sqft. The unit has 4 registered sales; the first was AED 2,481,300 in July 2011.

What is the rent for unit 503?

AED 165,000 a year on the contract signed on 3 May 2024. The previous contract, from May 2024, was AED 165,000; the unit has been rented since August 2016.

How big is unit 503?

2,901 sqft (269.5 sqm): a four-bedroom apartment on the 5th floor of a 37-storey tower completed in 2023.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Al Mesk Tower sold for AED 1,525,705 to 5,400,000 in the last 12 months, around AED 1,850 per sqft.

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Mortgage on 503, Al Mesk Tower

Starts from the last sale price (AED 4.5M, 6 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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