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

1503, Al Seef Tower

Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 29 September 2022
Last soldAED 3.5M29 September 2022
Current rentAED 170K /yr15 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1503, Al Seef Tower

What is 1503 worth today?

Last sold for AED 3,500,000 in 2022

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29 Sep 2022SoldReady
AED 3,500,000AED 984 per sqft
15 Jun 2021RentedNew contract
AED 170,000/yr12 months · AED 48 per sqft
14 May 2020RentedRenewal
AED 185,000/yr12 months · AED 52 per sqft
14 May 2019RentedRenewal
AED 205,000/yr12 months · AED 58 per sqft
14 May 2018RentedRenewal
AED 220,000/yr12 months · AED 62 per sqft
14 May 2017RentedRenewal
AED 220,000/yr12 months · AED 62 per sqft
7 May 2016RentedNew contract
AED 215,937/yr12 months · AED 61 per sqft
10 Aug 2009Sold by developerReady
AED 1,249,668AED 351 per sqft

Source: Dubai Land Department. Updated 29 September 2022.

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 3.5M · September 2022

About 1503, Al Seef Tower

1503 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 29 September 2022 for AED 3,500,000, or AED 984 per sqft, in line with the AED 956 three-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 15 June 2021, is AED 170,000 a year: a gross yield of 4.9% on the 2022 price, before the service charge of about AED 56,300 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, 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, August 2009: AED 1,249,668 (AED 351 per sqft)Sold, September 2022: AED 3,500,000 (AED 984 per sqft)

1503 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1503, each contractTypical three-bed in Al Seef Tower
150K200K250K2012201620202024Typical 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, May 2016: AED 215,937 a yearRenewal, May 2017: AED 220,000 a yearRenewal, May 2018: AED 220,000 a yearRenewal, May 2019: AED 205,000 a yearRenewal, May 2020: AED 185,000 a yearNew contract, June 2021: AED 170,000 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 1503 sits

All 96 3-beds →

1503 last sold in September 2022 at AED 984 per sqft, in line with what three-beds in Al Seef Tower were fetching at the time (AED 956). 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. 1503's AED 170,000 is at the bottom 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
15023-bedAED 5.2M · Sep 2015
15043-bedAED 3.5M · Feb 2017

1503, Al Seef Tower in numbers

  • Sold twice: first on 10 August 2009 for AED 1,249,668, last on 29 September 2022 for AED 3,500,000 (AED 984 per sqft).
  • Rented since May 2016 on 6 Ejari contracts, from AED 215,937 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2022 price is 4.9%, 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 29 September 2022.

Questions about 1503, Al Seef Tower

What did unit 1503 last sell for?

AED 3,500,000 on 29 September 2022: AED 984 per sqft for 3,554 sqft. The unit has 2 registered sales; the first was AED 1,249,668 in August 2009.

What is the rent for unit 1503?

AED 170,000 a year on the contract signed on 15 June 2021. The previous contract, from May 2020, was AED 185,000; the unit has been rented since May 2016.

How big is unit 1503?

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 1503 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 1503, Al Seef Tower

Starts from the last sale price (AED 3.5M, 29 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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