2-bed · 1,463 sqftBlakely, Dubai Marina · 5th floor · completed 2010

503, Blakely

Sold prices and rental history: sold twice, last in February 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 21 October 2024
Last soldAED 818K1 February 2011
Current rentAED 160K /yr21 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Blakely

What is 503 worth today?

Last sold for AED 817,944 in 2011

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21 Oct 2024RentedNew contract
AED 160,000/yr12 months · AED 109 per sqft
21 Oct 2024RentedNew contract
AED 160,000/yr12 months · AED 109 per sqft
24 Aug 2023RentedNew contract
AED 140,000/yr12 months · AED 96 per sqft
24 Feb 2019RentedNew contract
AED 112,000/yr12 months · AED 77 per sqft
1 Nov 2016RentedNew contract
AED 145,000/yr12 months · AED 99 per sqft
1 Jul 2014RentedNew contract
AED 165,000/yr12 months · AED 113 per sqft
1 Nov 2013RentedNew contract
AED 135,000/yr12 months · AED 92 per sqft
7 Sep 2012RentedNew contract
AED 101,650/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 21 October 2024.

Key facts

Type
2-bed apartment
Size
1,463 sqft
Floor
5th of 27
Parking
P1-1044
Developer
Emaar
Completed
2010
Service charge
AED 15,300 /yr
Last sold
AED 818K · February 2011
Building
Blakely

About 503, Blakely

503 is a two-bedroom apartment of 1,463 sqft on the 5th floor of Blakely, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 1 February 2011 for AED 817,944, or AED 559 per sqft, 52% below the AED 1,170 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 21 October 2024, is AED 160,000 a year: a gross yield of 19.6% on the 2011 price, before the service charge of about AED 15,300 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in Blakely
1M2M2009201420192024Typical 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 1,635,888 (AED 1,118 per sqft)Sold, February 2011: AED 817,944 (AED 559 per sqft)

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

Rents
Unit 503, 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, September 2012: AED 101,650 a yearNew contract, November 2013: AED 135,000 a yearNew contract, July 2014: AED 165,000 a yearNew contract, November 2016: AED 145,000 a yearNew contract, February 2019: AED 112,000 a yearNew contract, August 2023: AED 140,000 a yearNew contract, October 2024: AED 160,000 a yearNew contract, October 2024: AED 160,000 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 503 sits

All 52 2-beds →

503 last sold in February 2011 at AED 559 per sqft, 52% below what two-beds in Blakely were fetching at the time (AED 1,170). 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. 503's AED 160,000 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 5th floor

All 164 units in Blakely
Value
5011-bedAED 770K · Jan 2011
5022-bedAED 1.6M · May 2013
5041-bedAED 1.6M · Feb 2017
5051-bedAED 648K · May 2011
5061-bedAED 500K · Jul 2012

503, Blakely in numbers

  • Sold twice: first on 2 March 2010 for AED 1,635,888, last on 1 February 2011 for AED 817,944 (AED 559 per sqft).
  • Rented since September 2012 on 8 Ejari contracts, from AED 101,650 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2011 price is 19.6%, 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 21 October 2024.

Questions about 503, Blakely

What did unit 503 last sell for?

AED 817,944 on 1 February 2011: AED 559 per sqft for 1,463 sqft. The unit has 2 registered sales; the first was AED 1,635,888 in March 2010.

What is the rent for unit 503?

AED 160,000 a year on the contract signed on 21 October 2024. The previous contract, from October 2024, was AED 160,000; the unit has been rented since September 2012.

How big is unit 503?

1,463 sqft (135.9 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2010.

What is unit 503 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 503, Blakely

Starts from the last sale price (AED 818K, 1 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 817,944
Deposit, UAE resident (20%)
AED 163,589
Deposit, non-resident (40%)
AED 327,178
Monthly over 25 years at 3.7%
AED 3,346

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