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2-bed · 1,588 sqftAl Sahab 2, Dubai Marina · 7th floor · completed 2006

703, Al Sahab 2

Sold prices and rental history: sold 3 times, last in March 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 26 March 2017
Last soldAED 2.15M26 March 2017
Current rentAED 155K /yr21 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Al Sahab 2

What is 703 worth today?

Last sold for AED 2,150,000 in 2017

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26 Mar 2017SoldReady
AED 2,150,000AED 1,353 per sqft
21 Jul 2016RentedRenewal
AED 155,000/yr12 months · AED 97 per sqft
21 Jul 2015RentedRenewal
AED 155,000/yr12 months · AED 97 per sqft
21 Jul 2013RentedNew contract
AED 140,000/yr12 months · AED 88 per sqft
10 Apr 2008Sold by developerReady
AED 1,220,000AED 768 per sqft
10 Apr 2008SoldReady
AED 1,600,000AED 1,007 per sqft

Source: Dubai Land Department. Updated 26 March 2017.

Key facts

Type
2-bed apartment
Size
1,588 sqft
Floor
7th of 43
Parking
125
Developer
Emaar
Completed
2006
Service charge
AED 27,900 /yr
Last sold
AED 2.15M · March 2017
Building
Al Sahab 2

About 703, Al Sahab 2

703 is a two-bedroom apartment of 1,588 sqft on the 7th floor of Al Sahab 2, a 43-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 26 March 2017 for AED 2,150,000, or AED 1,353 per sqft, in line with the AED 1,357 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 21 July 2016, is AED 155,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 27,900 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Al Sahab 2
1M2M3M2007201220172022Typical sale price by year: 2007 AED 567,650; 2008 AED 1,318,900; 2009 AED 1,115,800; 2010 AED 1,232,000; 2011 AED 1,148,800; 2012 AED 1,700,000; 2013 AED 2,075,000; 2014 AED 1,400,000; 2015 AED 2,100,000; 2016 AED 1,900,000; 2017 AED 2,150,000; 2018 AED 1,750,000; 2019 AED 1,862,500; 2020 AED 1,360,000; 2021 AED 1,800,000; 2022 AED 2,000,000; 2023 AED 2,450,000; 2024 AED 2,532,500; 2025 AED 2,737,500Sold by developer, April 2008: AED 1,220,000 (AED 768 per sqft)Sold, April 2008: AED 1,600,000 (AED 1,007 per sqft)Sold, March 2017: AED 2,150,000 (AED 1,353 per sqft)

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

Rents
Unit 703, each contractTypical two-bed in Al Sahab 2
100K150K2012201620202024Typical rent by year: 2012 AED 131,500; 2013 AED 135,000; 2014 AED 150,000; 2015 AED 149,180; 2016 AED 148,500; 2017 AED 140,810; 2018 AED 130,000; 2019 AED 110,000; 2020 AED 97,500; 2021 AED 95,000; 2022 AED 110,000; 2023 AED 130,000; 2024 AED 148,500; 2025 AED 148,500; 2026 AED 150,000New contract, July 2013: AED 140,000 a yearRenewal, July 2015: AED 155,000 a yearRenewal, July 2016: AED 155,000 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 Sahab 2, and where 703 sits

All 111 2-beds →

703 last sold in March 2017 at AED 1,353 per sqft, in line with what two-beds in Al Sahab 2 were fetching at the time (AED 1,357). Over the last 12 months two-beds sold for AED 2,600,000 to 3,400,000, around AED 1,984 per sqft, and rent for AED 108,000 to 230,000 a year. 703's AED 155,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 20262,600,000
30 Apr 20263,200,000
17 Nov 20253,400,000
13 Nov 20253,100,000
4 2-bed sales in the last 12 months

Al Sahab 2

Building

227 apartments, 1-bed to 3-bed over 43 floors in Dubai Marina, completed in 2006 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 1,984
Typical sale
AED 3.15M
Typical rent
AED 140K /yr
Typical yield
5.6%
Al Sahab 2, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 227 units in Al Sahab 2
Value
7021-bedAED 1.7M · Dec 2016
7043-bedAED 1.45M · Jan 2013
7051-bedAED 1.38M · May 2023
7062-bedAED 1.95M · Jun 2023
701A2-bedAED 965K · Sep 2011

703, Al Sahab 2 in numbers

  • Sold 3 times: first on 10 April 2008 for AED 1,600,000, last on 26 March 2017 for AED 2,150,000 (AED 1,353 per sqft).
  • Rented since July 2013 on 3 Ejari contracts, from AED 140,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2017 price is 7.2%, before a service charge of about AED 27,900 a year (AED 17.58 per sqft).
  • Two-beds in Al Sahab 2 sold for AED 2,600,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,984 per sqft.

Source: Dubai Land Department. Updated 26 March 2017.

Questions about 703, Al Sahab 2

What did unit 703 last sell for?

AED 2,150,000 on 26 March 2017: AED 1,353 per sqft for 1,588 sqft. The unit has 3 registered sales; the first was AED 1,600,000 in April 2008.

What is the rent for unit 703?

AED 155,000 a year on the contract renewed on 21 July 2016. The previous contract, from July 2015, was AED 155,000; the unit has been rented since July 2013.

How big is unit 703?

1,588 sqft (147.5 sqm): a two-bedroom apartment on the 7th floor of a 43-storey tower completed in 2006.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Sahab 2 sold for AED 2,600,000 to 3,400,000 in the last 12 months, around AED 1,984 per sqft.

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Mortgage on 703, Al Sahab 2

Starts from the last sale price (AED 2.15M, 26 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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