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1-bed · 1,052 sqftBlakely, Dubai Marina · 5th floor · completed 2010

504, Blakely

Sold prices and rental history: sold 4 times, last in February 2017, and rented once, from February 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 6 February 2017
Last soldAED 1.6M6 February 2017
Current rentAED 125K /yr1 February 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Blakely

What is 504 worth today?

Last sold for AED 1,600,000 in 2017

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6 Feb 2017SoldReady
AED 1,600,000AED 1,520 per sqft
1 Feb 2015RentedNew contract
AED 125,000/yr12 months · AED 119 per sqft
9 Dec 2014SoldReady
AED 1,520,000AED 1,444 per sqft
16 Dec 2013SoldReady
AED 811,888AED 771 per sqft
2 Mar 2010Sold by developerOff-plan
AED 811,888AED 771 per sqft

Source: Dubai Land Department. Updated 6 February 2017.

Key facts

Type
1-bed apartment
Size
1,052 sqft
Floor
5th of 27
Parking
P2-2050
Developer
Emaar
Completed
2010
Service charge
AED 11,000 /yr
Last sold
AED 1.6M · February 2017
Building
Blakely

About 504, Blakely

504 is a one-bedroom apartment of 1,052 sqft on the 5th floor of Blakely, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 6 February 2017 for AED 1,600,000, or AED 1,520 per sqft, in line with the AED 1,549 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 February 2015. The current contract, signed on 1 February 2015, is AED 125,000 a year: a gross yield of 7.8% on the 2017 price, before the service charge of about AED 11,000 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in Blakely
1M1.5M2009201420192024Typical sale price by year: 2009 AED 866,888; 2010 AED 837,888; 2011 AED 822,888; 2012 AED 889,388; 2013 AED 930,000; 2014 AED 1,400,000; 2015 AED 1,550,000; 2016 AED 1,275,000; 2017 AED 1,250,000; 2018 AED 1,300,000; 2020 AED 815,000; 2021 AED 1,060,741; 2022 AED 1,200,000; 2023 AED 1,420,000; 2024 AED 1,400,000; 2025 AED 1,585,000; 2026 AED 1,657,500Sold by developer, March 2010: AED 811,888 (AED 771 per sqft)Sold, December 2013: AED 811,888 (AED 771 per sqft)Sold, December 2014: AED 1,520,000 (AED 1,444 per sqft)Sold, February 2017: AED 1,600,000 (AED 1,520 per sqft)

504 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 504, each contractTypical one-bed in Blakely
100K2012201620202024Typical rent by year: 2012 AED 71,000; 2013 AED 90,000; 2014 AED 100,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 93,000; 2019 AED 80,000; 2020 AED 68,000; 2021 AED 67,742; 2022 AED 75,000; 2023 AED 87,750; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 98,500New contract, February 2015: AED 125,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Blakely, and where 504 sits

All 111 1-beds →

504 last sold in February 2017 at AED 1,520 per sqft, in line with what one-beds in Blakely were fetching at the time (AED 1,549). Over the last 12 months one-beds sold for AED 1,320,000 to 2,550,000, around AED 1,860 per sqft, and rent for AED 65,500 to 165,000 a year. 504's AED 125,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Sep 20261,320,000
6 Aug 202632,085
4 Aug 202621,149
24 Jul 202614,301
13 1-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
5032-bedAED 818K · Feb 2011
5051-bedAED 648K · May 2011
5061-bedAED 500K · Jul 2012

504, Blakely in numbers

  • Sold 4 times: first on 2 March 2010 for AED 811,888, last on 6 February 2017 for AED 1,600,000 (AED 1,520 per sqft).
  • Rented since February 2015 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2017 price is 7.8%, before a service charge of about AED 11,000 a year (AED 10.47 per sqft).
  • One-beds in Blakely sold for AED 1,320,000–2,550,000 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 6 February 2017.

Questions about 504, Blakely

What did unit 504 last sell for?

AED 1,600,000 on 6 February 2017: AED 1,520 per sqft for 1,052 sqft. The unit has 4 registered sales; the first was AED 811,888 in March 2010.

What is the rent for unit 504?

AED 125,000 a year on the contract signed on 1 February 2015.

How big is unit 504?

1,052 sqft (97.7 sqm): a one-bedroom apartment on the 5th floor of a 27-storey tower completed in 2010.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Blakely sold for AED 1,320,000 to 2,550,000 in the last 12 months, around AED 1,860 per sqft.

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Mortgage on 504, Blakely

Starts from the last sale price (AED 1.6M, 6 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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