1-bed · 709 sqftBlakely, Dubai Marina · 7th floor · completed 2010

705, Blakely

Sold prices and rental history: sold 5 times, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 13 September 2022
Last soldAED 1.15M13 September 2022
Current rentAED 70K /yr5 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Blakely

What is 705 worth today?

Last sold for AED 1,150,000 in 2022

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13 Sep 2022SoldReady
AED 1,150,000AED 1,621 per sqft
29 Apr 2021SoldReady
AED 755,000AED 1,064 per sqft
5 Mar 2020RentedNew contract
AED 70,000/yr12 months · AED 99 per sqft
5 Mar 2019RentedRenewal
AED 70,000/yr12 months · AED 99 per sqft
5 Mar 2018RentedNew contract
AED 80,000/yr12 months · AED 113 per sqft
4 Feb 2017RentedNew contract
AED 92,000/yr12 months · AED 130 per sqft
4 Feb 2016RentedRenewal
AED 92,000/yr12 months · AED 130 per sqft
4 Feb 2015RentedNew contract
AED 92,000/yr12 months · AED 130 per sqft

Source: Dubai Land Department. Updated 13 September 2022.

Key facts

Type
1-bed apartment
Size
709 sqft
Floor
7th of 27
Parking
P3-3022
Developer
Emaar
Completed
2010
Service charge
AED 7,400 /yr
Last sold
AED 1.15M · September 2022
Building
Blakely

About 705, Blakely

705 is a one-bedroom apartment of 709 sqft on the 7th floor of Blakely, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 13 September 2022 for AED 1,150,000, or AED 1,621 per sqft, 28% above the AED 1,270 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 5 March 2020, is AED 70,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 7,400 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical one-bed in Blakely
1M2009201420192024Typical 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, July 2010: AED 328,944 (AED 463 per sqft)Sold, January 2011: AED 328,944 (AED 463 per sqft)Sold, January 2012: AED 720,000 (AED 1,015 per sqft)Sold, April 2021: AED 755,000 (AED 1,064 per sqft)Sold, September 2022: AED 1,150,000 (AED 1,621 per sqft)

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

Rents
Unit 705, each contractTypical one-bed in Blakely
80K100K2012201620202024Typical 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 92,000 a yearRenewal, February 2016: AED 92,000 a yearNew contract, February 2017: AED 92,000 a yearNew contract, March 2018: AED 80,000 a yearRenewal, March 2019: AED 70,000 a yearNew contract, March 2020: AED 70,000 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 705 sits

All 111 1-beds →

705 last sold in September 2022 at AED 1,621 per sqft, 28% above what one-beds in Blakely were fetching at the time (AED 1,270). 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. 705's AED 70,000 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
7041-bedAED 1.08M · Mar 2021
7061-bedAED 767K · Oct 2011

705, Blakely in numbers

  • Sold 5 times: first on 7 July 2010 for AED 328,944, last on 13 September 2022 for AED 1,150,000 (AED 1,621 per sqft).
  • Rented since February 2015 on 6 Ejari contracts, from AED 92,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 7,400 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 13 September 2022.

Questions about 705, Blakely

What did unit 705 last sell for?

AED 1,150,000 on 13 September 2022: AED 1,621 per sqft for 709 sqft. The unit has 5 registered sales; the first was AED 328,944 in July 2010.

What is the rent for unit 705?

AED 70,000 a year on the contract signed on 5 March 2020. The previous contract, from March 2019, was AED 70,000; the unit has been rented since February 2015.

How big is unit 705?

709 sqft (65.9 sqm): a one-bedroom apartment on the 7th floor of a 27-storey tower completed in 2010.

What is unit 705 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 705, Blakely

Starts from the last sale price (AED 1.15M, 13 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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