1-bed · 1,052 sqftBlakely, Dubai Marina · 7th floor · completed 2010

704, Blakely

Sold prices and rental history: sold 5 times, last in March 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 18 March 2021
Last soldAED 1.08M18 March 2021
Current rentAED 66K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Blakely

What is 704 worth today?

Last sold for AED 1,075,000 in 2021

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18 Mar 2021SoldReady
AED 1,075,000AED 1,021 per sqft
1 Jun 2020RentedNew contract
AED 66,000/yr12 months · AED 63 per sqft
30 Apr 2019RentedNew contract
AED 90,000/yr12 months · AED 85 per sqft
1 Feb 2018RentedNew contract
AED 120,000/yr12 months · AED 114 per sqft
5 Feb 2015SoldReady
AED 1,875,000AED 1,782 per sqft
12 Sep 2013SoldReady
AED 1,400,000AED 1,330 per sqft
24 Jan 2011SoldReady
AED 821,888AED 781 per sqft
2 Mar 2010Sold by developerOff-plan
AED 821,888AED 781 per sqft

Source: Dubai Land Department. Updated 18 March 2021.

Key facts

Type
1-bed apartment
Size
1,052 sqft
Floor
7th of 27
Parking
P2-2039
Developer
Emaar
Completed
2010
Service charge
AED 11,000 /yr
Last sold
AED 1.08M · March 2021
Building
Blakely

About 704, Blakely

704 is a one-bedroom apartment of 1,052 sqft on the 7th floor of Blakely, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 18 March 2021 for AED 1,075,000, or AED 1,021 per sqft, in line with the AED 1,019 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 June 2020, is AED 66,000 a year: a gross yield of 6.1% on the 2021 price, before the service charge of about AED 11,000 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Blakely
1M1.5M2M2009201420192024Typical 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 821,888 (AED 781 per sqft)Sold, January 2011: AED 821,888 (AED 781 per sqft)Sold, September 2013: AED 1,400,000 (AED 1,330 per sqft)Sold, February 2015: AED 1,875,000 (AED 1,782 per sqft)Sold, March 2021: AED 1,075,000 (AED 1,021 per sqft)

704 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 704, each contractTypical one-bed in Blakely
75K100K125K2012201620202024Typical 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 2018: AED 120,000 a yearNew contract, April 2019: AED 90,000 a yearNew contract, June 2020: AED 66,000 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 704 sits

All 111 1-beds →

704 last sold in March 2021 at AED 1,021 per sqft, in line with what one-beds in Blakely were fetching at the time (AED 1,019). 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. 704's AED 66,000 is in the lower 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 7th floor

All 164 units in Blakely
Value
7011-bedAED 393K · Feb 2011
7022-bedAED 1.55M · Jul 2012
7032-bedAED 1.61M · Jan 2011
7051-bedAED 1.15M · Sep 2022
7061-bedAED 767K · Oct 2011

704, Blakely in numbers

  • Sold 5 times: first on 2 March 2010 for AED 821,888, last on 18 March 2021 for AED 1,075,000 (AED 1,021 per sqft).
  • Rented since February 2018 on 3 Ejari contracts, from AED 120,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2021 price is 6.1%, 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 18 March 2021.

Questions about 704, Blakely

What did unit 704 last sell for?

AED 1,075,000 on 18 March 2021: AED 1,021 per sqft for 1,052 sqft. The unit has 5 registered sales; the first was AED 821,888 in March 2010.

What is the rent for unit 704?

AED 66,000 a year on the contract signed on 1 June 2020. The previous contract, from April 2019, was AED 90,000; the unit has been rented since February 2018.

How big is unit 704?

1,052 sqft (97.7 sqm): a one-bedroom apartment on the 7th floor of a 27-storey tower completed in 2010.

What is unit 704 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 704, Blakely

Starts from the last sale price (AED 1.08M, 18 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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