2-bed · 1,698 sqftAl Mesk Tower, Dubai Marina · 7th floor · completed 2023

706, Al Mesk Tower

Sold prices and rental history: sold 3 times, last in August 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 30 October 2024
Last soldAED 2.4M3 August 2021
Current rentAED 235K /yr30 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Al Mesk Tower

What is 706 worth today?

Last sold for AED 2,400,000 in 2021

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30 Oct 2024RentedRenewal
AED 235,000/yr12 months · AED 139 per sqft
30 Oct 2024RentedRenewal
AED 235,000/yr12 months · AED 139 per sqft
30 Oct 2023RentedNew contract
AED 235,000/yr12 months · AED 138 per sqft
10 Sep 2022RentedRenewal
AED 145,000/yr12 months · AED 85 per sqft
10 Sep 2021RentedNew contract
AED 145,000/yr12 months · AED 85 per sqft
3 Aug 2021SoldReady
AED 2,400,000AED 1,413 per sqft
30 Apr 2009SoldReady
AED 2,400,000AED 1,413 per sqft
30 Oct 2008Sold by developerReady
AED 581,500AED 342 per sqft

Source: Dubai Land Department. Updated 30 October 2024.

Key facts

Type
2-bed apartment
Size
1,698 sqft
Floor
7th of 37
Parking
2848
Developer
Emaar
Completed
2023
Service charge
AED 24,900 /yr
Last sold
AED 2.4M · August 2021

About 706, Al Mesk Tower

706 is a two-bedroom apartment of 1,698 sqft on the 7th floor of Al Mesk Tower, a 37-storey tower in Dubai Marina completed in 2023 by Emaar. It last sold on 3 August 2021 for AED 2,400,000, or AED 1,413 per sqft, 5% above the AED 1,341 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 30 October 2024, is AED 235,000 a year: a gross yield of 9.8% on the 2021 price, before the service charge of about AED 24,900 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical two-bed in Al Mesk Tower
2M4M2008201320182023Typical 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, October 2008: AED 581,500 (AED 342 per sqft)Sold, April 2009: AED 2,400,000 (AED 1,413 per sqft)Sold, August 2021: AED 2,400,000 (AED 1,413 per sqft)

706 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 706, each contractTypical two-bed in Al Mesk Tower
200K2012201620202024Typical 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, September 2021: AED 145,000 a yearRenewal, September 2022: AED 145,000 a yearNew contract, October 2023: AED 235,000 a yearRenewal, October 2024: AED 235,000 a yearRenewal, October 2024: AED 235,000 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 706 sits

All 65 2-beds →

706 last sold in August 2021 at AED 1,413 per sqft, 5% above what two-beds in Al Mesk Tower were fetching at the time (AED 1,341). 706's AED 235,000 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 7th floor

All 232 units in Al Mesk Tower
Value
7012-bedAED 3.5M · Jul 2013
7021-bedAED 1.94M · Jan 2013
7034-bedAED 5.4M · Jul 2026
7051-bedAED 1.85M · Aug 2018
7071-bedAED 1.13M · May 2016

706, Al Mesk Tower in numbers

  • Sold 3 times: first on 30 October 2008 for AED 581,500, last on 3 August 2021 for AED 2,400,000 (AED 1,413 per sqft).
  • Rented since September 2021 on 5 Ejari contracts, from AED 145,000 to AED 235,000 a year.
  • At AED 235,000 a year the gross yield on the 2021 price is 9.8%, before a service charge of about AED 24,900 a year (AED 14.69 per sqft).

Source: Dubai Land Department. Updated 30 October 2024.

Questions about 706, Al Mesk Tower

What did unit 706 last sell for?

AED 2,400,000 on 3 August 2021: AED 1,413 per sqft for 1,698 sqft. The unit has 3 registered sales; the first was AED 581,500 in October 2008.

What is the rent for unit 706?

AED 235,000 a year on the contract renewed on 30 October 2024. The previous contract, from October 2024, was AED 235,000; the unit has been rented since September 2021.

How big is unit 706?

1,698 sqft (157.7 sqm): a two-bedroom apartment on the 7th floor of a 37-storey tower completed in 2023.

What is unit 706 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 706, Al Mesk Tower

Starts from the last sale price (AED 2.4M, 3 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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