2-bed · 1,463 sqftBlakely, Dubai Marina · 10th floor · completed 2010

1003, Blakely

Sold prices and rental history: sold 3 times, last in March 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 3 March 2020
Last soldAED 1.5M3 March 2020
Current rentAED 140K /yr30 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Blakely

What is 1003 worth today?

Last sold for AED 1,500,000 in 2020

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3 Mar 2020SoldReady
AED 1,500,000AED 1,025 per sqft
30 Sep 2018RentedRenewal
AED 140,000/yr12 months · AED 96 per sqft
30 Sep 2017RentedNew contract
AED 140,000/yr12 months · AED 96 per sqft
15 Apr 2017RentedNew contract
AED 150,000/yr12 months · AED 102 per sqft
15 Mar 2016RentedRenewal
AED 160,000/yr12 months · AED 109 per sqft
15 Mar 2015RentedNew contract
AED 160,000/yr12 months · AED 109 per sqft
1 Jul 2013RentedNew contract
AED 115,000/yr12 months · AED 79 per sqft
1 Jul 2012RentedNew contract
AED 115,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 3 March 2020.

Key facts

Type
2-bed apartment
Size
1,463 sqft
Floor
10th of 27
Parking
P1-1054
Developer
Emaar
Completed
2010
Service charge
AED 15,300 /yr
Last sold
AED 1.5M · March 2020
Building
Blakely

About 1003, Blakely

1003 is a two-bedroom apartment of 1,463 sqft on the 10th floor of Blakely, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 3 March 2020 for AED 1,500,000, or AED 1,025 per sqft, in line with the AED 1,025 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 30 September 2018, is AED 140,000 a year: a gross yield of 9.3% on the 2020 price, before the service charge of about AED 15,300 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical two-bed in Blakely
2M2009201420192024Typical sale price by year: 2009 AED 1,583,388; 2010 AED 1,673,888; 2011 AED 1,617,388; 2012 AED 1,667,444; 2013 AED 1,786,944; 2014 AED 2,600,000; 2015 AED 2,050,000; 2016 AED 2,235,000; 2017 AED 1,912,500; 2019 AED 1,475,000; 2020 AED 1,500,000; 2022 AED 2,347,500; 2023 AED 2,200,000; 2026 AED 2,405,656Sold by developer, March 2010: AED 1,647,888 (AED 1,126 per sqft)Sold, March 2011: AED 1,647,888 (AED 1,126 per sqft)Sold, March 2020: AED 1,500,000 (AED 1,025 per sqft)

1003 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1003, each contractTypical two-bed in Blakely
100K150K2012201620202024Typical rent by year: 2012 AED 115,500; 2013 AED 135,000; 2014 AED 142,875; 2015 AED 157,500; 2016 AED 150,000; 2017 AED 143,950; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 95,000; 2022 AED 117,500; 2023 AED 140,000; 2024 AED 150,000; 2025 AED 145,000; 2026 AED 135,000New contract, July 2012: AED 115,000 a yearNew contract, July 2013: AED 115,000 a yearNew contract, March 2015: AED 160,000 a yearRenewal, March 2016: AED 160,000 a yearNew contract, April 2017: AED 150,000 a yearNew contract, September 2017: AED 140,000 a yearRenewal, September 2018: AED 140,000 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 Blakely, and where 1003 sits

All 52 2-beds →

1003 last sold in March 2020 at AED 1,025 per sqft, in line with what two-beds in Blakely were fetching at the time (AED 1,025). Over the last 12 months two-beds sold for AED 2,261,339 to 2,900,000, around AED 1,711 per sqft, and rent for AED 60,000 to 162,000 a year. 1003's AED 140,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Oct 20262,600,000
14 Sep 20262,900,000
23 Jun 20262,330,000
18 May 20262,261,339
5 2-bed sales in the last 12 months

Blakely

Building

164 apartments, 1-bed to 3-bed over 27 floors in Dubai Marina, completed in 2010 by Emaar. 18 sold in the last 12 months.

Typical price per sqft
AED 1,769 Down 4.4%
Typical sale
AED 2.05M
Typical rent
AED 105K /yr
Typical yield
5.9%
Blakely, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 164 units in Blakely
Value
10011-bedAED 1.47M · Nov 2023
10022-bedAED 1.03M · Jun 2023
10041-bedAED 837K · Feb 2012
10051-bedAED 673K · Jul 2012
10061-bedAED 1.47M · Nov 2013

1003, Blakely in numbers

  • Sold 3 times: first on 2 March 2010 for AED 1,647,888, last on 3 March 2020 for AED 1,500,000 (AED 1,025 per sqft).
  • Rented since July 2012 on 7 Ejari contracts, from AED 115,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2020 price is 9.3%, before a service charge of about AED 15,300 a year (AED 10.47 per sqft).
  • Two-beds in Blakely sold for AED 2,261,339–2,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,769 per sqft.

Source: Dubai Land Department. Updated 3 March 2020.

Questions about 1003, Blakely

What did unit 1003 last sell for?

AED 1,500,000 on 3 March 2020: AED 1,025 per sqft for 1,463 sqft. The unit has 3 registered sales; the first was AED 1,647,888 in March 2010.

What is the rent for unit 1003?

AED 140,000 a year on the contract renewed on 30 September 2018. The previous contract, from September 2017, was AED 140,000; the unit has been rented since July 2012.

How big is unit 1003?

1,463 sqft (135.9 sqm): a two-bedroom apartment on the 10th floor of a 27-storey tower completed in 2010.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Blakely sold for AED 2,261,339 to 2,900,000 in the last 12 months, around AED 1,711 per sqft.

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Mortgage on 1003, Blakely

Starts from the last sale price (AED 1.5M, 3 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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