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3-bed · 2,514 sqftAl Yass Tower, Dubai Marina · 5th floor · completed 2004

503, Al Yass Tower

Sold prices and rental history: sold 3 times, last in April 2012, and rented once, from November 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 1 November 2015
Last soldAED 2M29 April 2012
Current rentAED 160K /yr1 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Al Yass Tower

What is 503 worth today?

Last sold for AED 2,000,000 in 2012

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1 Nov 2015RentedNew contract
AED 159,778/yr24 months · AED 63 per sqft
29 Apr 2012SoldReady
AED 2,000,000AED 795 per sqft
23 Oct 2011SoldReady
AED 2,307,692AED 917 per sqft
8 Sep 2008Sold by developerReady
AED 1,765,000AED 702 per sqft

Source: Dubai Land Department. Updated 1 November 2015.

Key facts

Type
3-bed apartment
Size
2,514 sqft
Floor
5th of 24
Parking
2530 , 2531
Developer
Emaar
Completed
2004
Service charge
AED 36,900 /yr
Last sold
AED 2M · April 2012
Building
Al Yass Tower

About 503, Al Yass Tower

503 is a three-bedroom apartment of 2,514 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 29 April 2012 for AED 2,000,000, or AED 795 per sqft, 14% below the AED 922 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2015. The current contract, signed on 1 November 2015, is AED 159,778 a year: a gross yield of 8.0% on the 2012 price, before the service charge of about AED 36,900 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical three-bed in Al Yass Tower
2M4M6M2008201320182023Typical sale price by year: 2008 AED 2,600,000; 2009 AED 2,550,555; 2010 AED 1,815,000; 2011 AED 2,222,000; 2012 AED 2,537,500; 2014 AED 5,575,000; 2015 AED 5,250,000; 2021 AED 2,367,500; 2023 AED 3,800,000; 2024 AED 4,175,000Sold by developer, September 2008: AED 1,765,000 (AED 702 per sqft)Sold, October 2011: AED 2,307,692 (AED 917 per sqft)Sold, April 2012: AED 2,000,000 (AED 795 per sqft)

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

Rents
Unit 503, each contractTypical three-bed in Al Yass Tower
150K200K250K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 210,000; 2014 AED 232,500; 2015 AED 240,000; 2016 AED 236,250; 2017 AED 230,385; 2018 AED 200,000; 2019 AED 177,500; 2020 AED 170,000; 2021 AED 144,500; 2022 AED 175,000; 2023 AED 190,000; 2024 AED 207,500; 2025 AED 234,000; 2026 AED 247,500New contract, November 2015: AED 159,778 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 Yass Tower, and where 503 sits

All 48 3-beds →

503 last sold in April 2012 at AED 795 per sqft, 14% below what three-beds in Al Yass Tower were fetching at the time (AED 922). Over the last 12 months three-beds sold for AED 4,250,000 to 5,300,000, around AED 1,926 per sqft, and rent for AED 70,000 to 450,000 a year. 503's AED 159,778 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Mar 20265,300,000
28 Nov 20254,250,000
28 Nov 20254,850,000
6 Jun 20244,400,000
3 3-bed sales 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
5022-bedAED 3.45M · Sep 2014
5043-bedAED 1.89M · Oct 2009
5052-bedAED 1.2M · Dec 2010
5062-bedAED 1.51M · Jul 2008
5071-bedAED 1.5M · Aug 2016

503, Al Yass Tower in numbers

  • Sold 3 times: first on 8 September 2008 for AED 1,765,000, last on 29 April 2012 for AED 2,000,000 (AED 795 per sqft).
  • Rented since November 2015 on one Ejari contract, at AED 159,778 a year.
  • At AED 159,778 a year the gross yield on the 2012 price is 8.0%, before a service charge of about AED 36,900 a year (AED 14.69 per sqft).
  • Three-beds in Al Yass Tower sold for AED 4,250,000–5,300,000 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 November 2015.

Questions about 503, Al Yass Tower

What did unit 503 last sell for?

AED 2,000,000 on 29 April 2012: AED 795 per sqft for 2,514 sqft. The unit has 3 registered sales; the first was AED 1,765,000 in September 2008.

What is the rent for unit 503?

AED 159,778 a year on the contract signed on 1 November 2015.

How big is unit 503?

2,514 sqft (233.6 sqm): a three-bedroom apartment on the 5th floor of a 24-storey tower completed in 2004.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Yass Tower sold for AED 4,250,000 to 5,300,000 in the last 12 months, around AED 1,926 per sqft.

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Mortgage on 503, Al Yass Tower

Starts from the last sale price (AED 2M, 29 April 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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