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2-bed · 1,576 sqftAl Yass Tower, Dubai Marina · 5th floor · completed 2004

502, Al Yass Tower

Sold prices and rental history: sold twice, last in September 2014, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 September 2015
Last soldAED 3.45M2 September 2014
Current rentAED 190K /yr1 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Al Yass Tower

What is 502 worth today?

Last sold for AED 3,450,000 in 2014

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1 Sep 2015RentedRenewal
AED 190,000/yr12 months · AED 121 per sqft
2 Sep 2014SoldReady
AED 3,450,000AED 2,189 per sqft
1 Sep 2014RentedNew contract
AED 190,000/yr12 months · AED 121 per sqft
4 Jul 2010Sold by developerReady
AED 2,292,700AED 1,454 per sqft

Source: Dubai Land Department. Updated 1 September 2015.

Key facts

Type
2-bed apartment
Size
1,576 sqft
Floor
5th of 24
Parking
2529
Developer
Emaar
Completed
2004
Service charge
AED 23,200 /yr
Last sold
AED 3.45M · September 2014
Building
Al Yass Tower

About 502, Al Yass Tower

502 is a two-bedroom apartment of 1,576 sqft on the 5th floor of Al Yass Tower, a 24-storey tower in Dubai Marina completed in 2004 by Emaar. It last sold on 2 September 2014 for AED 3,450,000, or AED 2,189 per sqft, 5% above the AED 2,090 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 1 September 2015, is AED 190,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 23,200 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Al Yass Tower
2M4M2008201320182023Typical sale price by year: 2008 AED 1,800,000; 2009 AED 1,543,000; 2010 AED 1,900,000; 2011 AED 1,673,875; 2012 AED 2,450,000; 2013 AED 2,940,000; 2014 AED 3,440,000; 2015 AED 2,755,000; 2016 AED 3,520,000; 2019 AED 2,100,000; 2021 AED 1,850,000; 2022 AED 2,550,000; 2023 AED 3,100,000; 2024 AED 3,250,000; 2025 AED 3,800,000Sold by developer, July 2010: AED 2,292,700 (AED 1,454 per sqft)Sold, September 2014: AED 3,450,000 (AED 2,189 per sqft)

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

Rents
Unit 502, each contractTypical two-bed in Al Yass Tower
100K150K200K2012201620202024Typical rent by year: 2012 AED 143,938; 2013 AED 170,000; 2014 AED 195,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 170,000; 2019 AED 152,500; 2020 AED 115,000; 2021 AED 117,500; 2022 AED 126,000; 2023 AED 165,000; 2024 AED 194,750; 2025 AED 200,000; 2026 AED 200,000New contract, September 2014: AED 190,000 a yearRenewal, September 2015: AED 190,000 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 Yass Tower, and where 502 sits

All 58 2-beds →

502 last sold in September 2014 at AED 2,189 per sqft, 5% above what two-beds in Al Yass Tower were fetching at the time (AED 2,090). Over the last 12 months two-beds sold for AED 3,900,000, around AED 2,581 per sqft, and rent for AED 120,000 to 240,000 a year. 502's AED 190,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Dec 20253,900,000
29 Sep 20253,500,000
14 May 20254,600,000
13 Jan 20253,700,000
1 2-bed sale in the last 12 months

Al Yass Tower

Building

145 apartments, 1-bed to 5-bed over 24 floors in Dubai Marina, completed in 2004 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,064
Typical sale
AED 4.55M
Typical rent
AED 200K /yr
Typical yield
5.2%
Al Yass Tower, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 145 units in Al Yass Tower
Value
5012-bedAED 2.6M · Apr 2012
5033-bedAED 2M · Apr 2012
5043-bedAED 1.89M · Oct 2009
5052-bedAED 1.2M · Dec 2010
5062-bedAED 1.51M · Jul 2008
5071-bedAED 1.5M · Aug 2016

502, Al Yass Tower in numbers

  • Sold twice: first on 4 July 2010 for AED 2,292,700, last on 2 September 2014 for AED 3,450,000 (AED 2,189 per sqft).
  • Rented since September 2014 on 2 Ejari contracts, at AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 23,200 a year (AED 14.69 per sqft).
  • Two-beds in Al Yass Tower sold for AED 3,900,000–3,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,064 per sqft.

Source: Dubai Land Department. Updated 1 September 2015.

Questions about 502, Al Yass Tower

What did unit 502 last sell for?

AED 3,450,000 on 2 September 2014: AED 2,189 per sqft for 1,576 sqft. The unit has 2 registered sales; the first was AED 2,292,700 in July 2010.

What is the rent for unit 502?

AED 190,000 a year on the contract renewed on 1 September 2015. The previous contract, from September 2014, was AED 190,000.

How big is unit 502?

1,576 sqft (146.4 sqm): a two-bedroom apartment on the 5th floor of a 24-storey tower completed in 2004.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Yass Tower sold for AED 3,900,000 to 3,900,000 in the last 12 months, around AED 2,581 per sqft.

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Mortgage on 502, Al Yass Tower

Starts from the last sale price (AED 3.45M, 2 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,450,000
Deposit, UAE resident (20%)
AED 690,000
Deposit, non-resident (40%)
AED 1,380,000
Monthly over 25 years at 3.7%
AED 14,115

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