2-bed · 1,463 sqftBlakely, Dubai Marina · 7th floor · completed 2010

703, Blakely

Sold prices and rental history: sold twice, last in January 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 1 May 2019
Last soldAED 1.61M23 January 2011
Current rentAED 60K /yr1 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Blakely

What is 703 worth today?

Last sold for AED 1,611,888 in 2011

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1 May 2019RentedNew contract
AED 60,000/yr6 months · AED 41 per sqft
5 Sep 2018RentedRenewal
AED 140,000/yr12 months · AED 96 per sqft
5 Sep 2017RentedRenewal
AED 144,900/yr12 months · AED 99 per sqft
5 Sep 2016RentedRenewal
AED 144,900/yr12 months · AED 99 per sqft
5 Sep 2015RentedRenewal
AED 144,900/yr12 months · AED 99 per sqft
5 Sep 2014RentedRenewal
AED 138,000/yr12 months · AED 94 per sqft
5 Sep 2013RentedNew contract
AED 120,000/yr12 months · AED 82 per sqft
23 Jan 2011SoldReady
AED 1,611,888AED 1,101 per sqft

Source: Dubai Land Department. Updated 1 May 2019.

Key facts

Type
2-bed apartment
Size
1,463 sqft
Floor
7th of 27
Parking
P1-1046
Developer
Emaar
Completed
2010
Service charge
AED 15,300 /yr
Last sold
AED 1.61M · January 2011
Building
Blakely

About 703, Blakely

703 is a two-bedroom apartment of 1,463 sqft on the 7th floor of Blakely, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 23 January 2011 for AED 1,611,888, or AED 1,101 per sqft, 6% below the AED 1,170 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 May 2019, is AED 60,000 a year: a gross yield of 3.7% on the 2011 price, before the service charge of about AED 15,300 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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 1,611,888 (AED 1,101 per sqft)Sold, January 2011: AED 1,611,888 (AED 1,101 per sqft)

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

Rents
Unit 703, each contractTypical two-bed in Blakely
50K100K150K2012201620202024Typical 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 2013: AED 120,000 a yearRenewal, September 2014: AED 138,000 a yearRenewal, September 2015: AED 144,900 a yearRenewal, September 2016: AED 144,900 a yearRenewal, September 2017: AED 144,900 a yearRenewal, September 2018: AED 140,000 a yearNew contract, May 2019: AED 60,000 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 703 sits

All 52 2-beds →

703 last sold in January 2011 at AED 1,101 per sqft, 6% 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. 703's AED 60,000 is at the bottom 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 7th floor

All 164 units in Blakely
Value
7011-bedAED 393K · Feb 2011
7022-bedAED 1.55M · Jul 2012
7041-bedAED 1.08M · Mar 2021
7051-bedAED 1.15M · Sep 2022
7061-bedAED 767K · Oct 2011

703, Blakely in numbers

  • Sold twice: first on 2 March 2010 for AED 1,611,888, last on 23 January 2011 for AED 1,611,888 (AED 1,101 per sqft).
  • Rented since September 2013 on 7 Ejari contracts, from AED 120,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2011 price is 3.7%, 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 1 May 2019.

Questions about 703, Blakely

What did unit 703 last sell for?

AED 1,611,888 on 23 January 2011: AED 1,101 per sqft for 1,463 sqft. The unit has 2 registered sales; the first was AED 1,611,888 in March 2010.

What is the rent for unit 703?

AED 60,000 a year on the contract signed on 1 May 2019. The previous contract, from September 2018, was AED 140,000; the unit has been rented since September 2013.

How big is unit 703?

1,463 sqft (135.9 sqm): a two-bedroom apartment on the 7th floor of a 27-storey tower completed in 2010.

What is unit 703 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 703, Blakely

Starts from the last sale price (AED 1.61M, 23 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,611,888
Deposit, UAE resident (20%)
AED 322,378
Deposit, non-resident (40%)
AED 644,755
Monthly over 25 years at 3.7%
AED 6,595

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