2-bed · 1,207 sqftBotanica Tower, Dubai Marina · 14th floor · completed 2016

1408, Botanica Tower

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

Unit 1408 · DLD and Ejari recordsUpdated 24 June 2018
Last soldAED 2.2M18 November 2013
Current rentAED 115K /yr24 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1408, Botanica Tower

What is 1408 worth today?

Last sold for AED 2,200,000 in 2013

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24 Jun 2018RentedNew contract
AED 115,000/yr12 months · AED 95 per sqft
16 May 2017RentedRenewal
AED 140,390/yr12 months · AED 116 per sqft
16 May 2016RentedRenewal
AED 147,500/yr12 months · AED 122 per sqft
16 May 2015RentedNew contract
AED 147,500/yr12 months · AED 122 per sqft
16 May 2014RentedNew contract
AED 150,000/yr12 months · AED 124 per sqft
18 Nov 2013SoldReady
AED 2,200,000AED 1,823 per sqft
7 May 2013RentedNew contract
AED 115,000/yr12 months · AED 95 per sqft
2 Apr 2013Sold by developerReady
AED 1,496,680AED 1,240 per sqft

Source: Dubai Land Department. Updated 24 June 2018.

Key facts

Type
2-bed apartment
Size
1,207 sqft
Floor
14th of 40
Parking
B2-28
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 13,500 /yr
Last sold
AED 2.2M · November 2013

About 1408, Botanica Tower

1408 is a two-bedroom apartment of 1,207 sqft on the 14th floor of Botanica Tower, a 40-storey tower in Dubai Marina completed in 2016 by Myra Real Estate Deveiopment . It last sold on 18 November 2013 for AED 2,200,000, or AED 1,823 per sqft, 10% above the AED 1,661 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 24 June 2018, is AED 115,000 a year: a gross yield of 5.2% on the 2013 price, before the service charge of about AED 13,500 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, each saleTypical two-bed in Botanica Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 2,097,600; 2010 AED 2,293,331; 2011 AED 1,556,400; 2012 AED 1,718,423; 2013 AED 2,137,545; 2014 AED 2,525,000; 2017 AED 1,935,000; 2019 AED 1,300,000; 2020 AED 1,182,500; 2021 AED 1,250,000; 2023 AED 1,905,500; 2024 AED 2,000,000; 2025 AED 1,955,000; 2026 AED 2,200,000Sold by developer, April 2013: AED 1,496,680 (AED 1,240 per sqft)Sold, November 2013: AED 2,200,000 (AED 1,823 per sqft)

1408 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1408, each contractTypical two-bed in Botanica Tower
100K150K2013201720212025Typical rent by year: 2013 AED 120,000; 2014 AED 141,750; 2015 AED 140,000; 2016 AED 140,000; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 84,000; 2021 AED 80,000; 2022 AED 94,250; 2023 AED 112,500; 2024 AED 128,000; 2025 AED 117,700; 2026 AED 118,000New contract, May 2013: AED 115,000 a yearNew contract, May 2014: AED 150,000 a yearNew contract, May 2015: AED 147,500 a yearRenewal, May 2016: AED 147,500 a yearRenewal, May 2017: AED 140,390 a yearNew contract, June 2018: AED 115,000 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 Botanica Tower, and where 1408 sits

All 64 2-beds →

1408 last sold in November 2013 at AED 1,823 per sqft, 10% above what two-beds in Botanica Tower were fetching at the time (AED 1,661). Over the last 12 months two-beds sold for AED 1,780,000 to 2,550,000, around AED 1,585 per sqft, and rent for AED 90,000 to 140,000 a year. 1408's AED 115,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Sep 20262,550,000
15 Jul 20261,780,000
7 Jul 20262,350,000
19 Jun 20262,050,000
4 2-bed sales in the last 12 months

Botanica Tower

Building

365 apartments, studios to 5-bed over 40 floors in Dubai Marina, completed in 2016 by Myra Real Estate Deveiopment . 40 sold in the last 12 months.

Typical price per sqft
AED 1,940 Down 0.9%
Typical sale
AED 1.51M
Typical rent
AED 88K /yr
Typical yield
5.7%
Botanica Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 365 units in Botanica Tower
Value
14011-bedAED 2.15M · Jul 2014
14021-bedAED 1.2M · Nov 2017
14032-bedAED 2.17M · Dec 2012
14041-bedAED 1.2M · Nov 2021
1405StudioAED 920K · Jul 2026
1406StudioAED 920K · May 2024
14071-bedAED 1.42M · Feb 2015
1–7 of 10

1408, Botanica Tower in numbers

  • Sold twice: first on 2 April 2013 for AED 1,496,680, last on 18 November 2013 for AED 2,200,000 (AED 1,823 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2013 price is 5.2%, before a service charge of about AED 13,500 a year (AED 11.19 per sqft).
  • Two-beds in Botanica Tower sold for AED 1,780,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,940 per sqft.

Source: Dubai Land Department. Updated 24 June 2018.

Questions about 1408, Botanica Tower

What did unit 1408 last sell for?

AED 2,200,000 on 18 November 2013: AED 1,823 per sqft for 1,207 sqft. The unit has 2 registered sales; the first was AED 1,496,680 in April 2013.

What is the rent for unit 1408?

AED 115,000 a year on the contract signed on 24 June 2018. The previous contract, from May 2017, was AED 140,390; the unit has been rented since May 2013.

How big is unit 1408?

1,207 sqft (112.1 sqm): a two-bedroom apartment on the 14th floor of a 40-storey tower completed in 2016.

What is unit 1408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Botanica Tower sold for AED 1,780,000 to 2,550,000 in the last 12 months, around AED 1,585 per sqft.

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Mortgage on 1408, Botanica Tower

Starts from the last sale price (AED 2.2M, 18 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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