3-bed · 3,554 sqftAl Seef Tower, Dubai Marina · 15th floor · completed 2005

1502, Al Seef Tower

Sold prices and rental history: sold twice, last in September 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 7 July 2018
Last soldAED 5.2M15 September 2015
Current rentAED 250K /yr7 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1502, Al Seef Tower

What is 1502 worth today?

Last sold for AED 5,200,000 in 2015

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7 Jul 2018RentedRenewal
AED 250,000/yr12 months · AED 70 per sqft
7 Jul 2017RentedRenewal
AED 250,000/yr12 months · AED 70 per sqft
7 Jul 2016RentedRenewal
AED 250,000/yr12 months · AED 70 per sqft
15 Sep 2015SoldReady
AED 5,200,000AED 1,463 per sqft
3 Jul 2014RentedNew contract
AED 225,000/yr12 months · AED 63 per sqft
3 Jul 2013RentedNew contract
AED 225,000/yr12 months · AED 63 per sqft
1 Sep 2012RentedNew contract
AED 178,000/yr12 months · AED 50 per sqft
3 Apr 2012RentedNew contract
AED 100,000/yr12 months · AED 28 per sqft

Source: Dubai Land Department. Updated 7 July 2018.

Key facts

Type
3-bed apartment
Size
3,554 sqft
Floor
15th of 43
Parking
2
Developer
Deyaar
Completed
2005
Service charge
AED 56,300 /yr
Last sold
AED 5.2M · September 2015

About 1502, Al Seef Tower

1502 is a three-bedroom apartment of 3,554 sqft on the 15th floor of Al Seef Tower, a 43-storey tower in Dubai Marina completed in 2005 by Deyaar. It last sold on 15 September 2015 for AED 5,200,000, or AED 1,463 per sqft.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 7 July 2018, is AED 250,000 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 56,300 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical three-bed in Al Seef Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 1,298,997; 2010 AED 1,340,709; 2011 AED 1,334,713; 2012 AED 1,700,000; 2013 AED 4,300,000; 2014 AED 5,250,000; 2015 AED 5,050,000; 2016 AED 2,850,000; 2017 AED 3,750,000; 2018 AED 3,800,000; 2019 AED 2,403,749; 2021 AED 3,000,000; 2022 AED 3,200,000; 2023 AED 3,750,000; 2024 AED 4,145,000; 2025 AED 4,800,000; 2026 AED 4,557,616Sold by developer, November 2011: AED 1,322,017 (AED 372 per sqft)Sold, September 2015: AED 5,200,000 (AED 1,463 per sqft)

1502 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1502, each contractTypical three-bed in Al Seef Tower
100K200K2012201620202024Typical rent by year: 2012 AED 180,000; 2013 AED 215,000; 2014 AED 233,750; 2015 AED 240,000; 2016 AED 232,500; 2017 AED 222,797; 2018 AED 200,000; 2019 AED 186,500; 2020 AED 160,000; 2021 AED 160,000; 2022 AED 182,500; 2023 AED 205,000; 2024 AED 225,500; 2025 AED 245,000; 2026 AED 235,000New contract, April 2012: AED 100,000 a yearNew contract, September 2012: AED 178,000 a yearNew contract, July 2013: AED 225,000 a yearNew contract, July 2014: AED 225,000 a yearRenewal, July 2016: AED 250,000 a yearRenewal, July 2017: AED 250,000 a yearRenewal, July 2018: AED 250,000 a year

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

3-beds in Al Seef Tower, and where 1502 sits

All 96 3-beds →

Over the last 12 months three-beds sold for AED 4,300,000 to 6,500,000, around AED 1,336 per sqft, and rent for AED 170,000 to 275,000 a year. 1502's AED 250,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
9 Oct 20264,557,616
24 Aug 20264,300,000
5 Feb 20265,600,000
29 Dec 20254,750,000
5 3-bed sales in the last 12 months

Al Seef Tower

Building

158 apartments, 2-bed to 5-bed over 43 floors in Dubai Marina, completed in 2005 by Deyaar. 5 sold in the last 12 months.

Typical price per sqft
AED 1,336
Typical sale
AED 4.75M
Typical rent
AED 212K /yr
Typical yield
5.0%
Al Seef Tower, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 158 units in Al Seef Tower
Value
15013-bedAED 1.25M · Jul 2009
15033-bedAED 3.5M · Sep 2022
15043-bedAED 3.5M · Feb 2017

1502, Al Seef Tower in numbers

  • Sold twice: first on 14 November 2011 for AED 1,322,017, last on 15 September 2015 for AED 5,200,000 (AED 1,463 per sqft).
  • Rented since April 2012 on 7 Ejari contracts, from AED 100,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2015 price is 4.8%, before a service charge of about AED 56,300 a year (AED 15.84 per sqft).
  • Three-beds in Al Seef Tower sold for AED 4,300,000–6,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,336 per sqft.

Source: Dubai Land Department. Updated 7 July 2018.

Questions about 1502, Al Seef Tower

What did unit 1502 last sell for?

AED 5,200,000 on 15 September 2015: AED 1,463 per sqft for 3,554 sqft. The unit has 2 registered sales; the first was AED 1,322,017 in November 2011.

What is the rent for unit 1502?

AED 250,000 a year on the contract renewed on 7 July 2018. The previous contract, from July 2017, was AED 250,000; the unit has been rented since April 2012.

How big is unit 1502?

3,554 sqft (330.2 sqm): a three-bedroom apartment on the 15th floor of a 43-storey tower completed in 2005.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Seef Tower sold for AED 4,300,000 to 6,500,000 in the last 12 months, around AED 1,336 per sqft.

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Mortgage on 1502, Al Seef Tower

Starts from the last sale price (AED 5.2M, 15 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,200,000
Deposit, UAE resident (20%)
AED 1,040,000
Deposit, non-resident (40%)
AED 2,080,000
Monthly over 25 years at 3.7%
AED 21,275

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