1-bed · 720 sqftBotanica Tower, Dubai Marina · 17th floor · completed 2016

1702, Botanica Tower

Sold prices and rental history: sold 3 times, last in November 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 1 October 2018
Last soldAED 1.65M17 November 2016
Current rentAED 107K /yr1 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Botanica Tower

What is 1702 worth today?

Last sold for AED 1,650,000 in 2016

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1 Oct 2018RentedRenewal
AED 107,346/yr10 months · AED 149 per sqft
1 Nov 2017RentedRenewal
AED 89,455/yr11 months · AED 124 per sqft
1 Jan 2017RentedNew contract
AED 92,000/yr12 months · AED 128 per sqft
1 Jan 2017RentedNew contract
AED 110,400/yr10 months · AED 153 per sqft
17 Nov 2016SoldReady
AED 1,650,000AED 2,292 per sqft
21 Jan 2016RentedNew contract
AED 113,000/yr12 months · AED 157 per sqft
20 Dec 2014RentedNew contract
AED 110,000/yr12 months · AED 153 per sqft
23 Sep 2013RentedNew contract
AED 95,000/yr12 months · AED 132 per sqft

Source: Dubai Land Department. Updated 1 October 2018.

Key facts

Type
1-bed apartment
Size
720 sqft
Floor
17th of 40
Parking
B2-57
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 8,100 /yr
Last sold
AED 1.65M · November 2016

About 1702, Botanica Tower

1702 is a one-bedroom apartment of 720 sqft on the 17th floor of Botanica Tower, a 40-storey tower in Dubai Marina completed in 2016 by Myra Real Estate Deveiopment . It last sold on 17 November 2016 for AED 1,650,000, or AED 2,292 per sqft, 25% above the AED 1,831 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 October 2018, is AED 107,346 a year: a gross yield of 6.5% on the 2016 price, before the service charge of about AED 8,100 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, each saleTypical one-bed in Botanica Tower
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,556,909; 2010 AED 1,261,407; 2011 AED 939,200; 2012 AED 1,120,000; 2013 AED 1,355,032; 2014 AED 1,740,000; 2015 AED 1,525,000; 2016 AED 1,440,000; 2017 AED 1,458,750; 2018 AED 1,350,000; 2019 AED 1,180,000; 2020 AED 850,000; 2021 AED 1,135,000; 2022 AED 1,345,000; 2023 AED 1,610,000; 2024 AED 1,585,000; 2025 AED 1,547,000; 2026 AED 1,452,500Sold by developer, April 2009: AED 1,858,055 (AED 2,581 per sqft)Sold, September 2013: AED 1,417,417 (AED 1,969 per sqft)Sold, November 2016: AED 1,650,000 (AED 2,292 per sqft)

1702 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1702, each contractTypical one-bed in Botanica Tower
75K100K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 85,000; 2014 AED 100,000; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 99,153; 2018 AED 92,500; 2019 AED 80,000; 2020 AED 65,000; 2021 AED 64,641; 2022 AED 71,400; 2023 AED 85,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 86,795New contract, September 2013: AED 95,000 a yearNew contract, December 2014: AED 110,000 a yearNew contract, January 2016: AED 113,000 a yearNew contract, January 2017: AED 92,000 a yearNew contract, January 2017: AED 110,400 a yearRenewal, November 2017: AED 89,455 a yearRenewal, October 2018: AED 107,346 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 Botanica Tower, and where 1702 sits

All 233 1-beds →

1702 last sold in November 2016 at AED 2,292 per sqft, 25% above what one-beds in Botanica Tower were fetching at the time (AED 1,831). Over the last 12 months one-beds sold for AED 127,717 to 1,795,000, around AED 1,915 per sqft, and rent for AED 60,000 to 190,000 a year. 1702's AED 107,346 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Aug 202614,241
10 Aug 20266,825
5 Aug 20261,250,000
5 Aug 20261,455,000
26 1-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 17th floor

All 365 units in Botanica Tower
Value
17011-bedAED 1.5M · Jan 2016
17032-bedAED 1.58M · Oct 2018
17041-bedAED 1.47M · Jan 2018
1705StudioAED 760K · Jun 2022
1706StudioAED 1.02M · Jul 2014
17071-bedAED 1.35M · Nov 2015
17082-bedAED 1.39M · Dec 2012
1–7 of 10

1702, Botanica Tower in numbers

  • Sold 3 times: first on 23 April 2009 for AED 1,858,055, last on 17 November 2016 for AED 1,650,000 (AED 2,292 per sqft).
  • Rented since September 2013 on 7 Ejari contracts, from AED 95,000 to AED 107,346 a year.
  • At AED 107,346 a year the gross yield on the 2016 price is 6.5%, before a service charge of about AED 8,100 a year (AED 11.19 per sqft).
  • One-beds in Botanica Tower sold for AED 127,717–1,795,000 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 1 October 2018.

Questions about 1702, Botanica Tower

What did unit 1702 last sell for?

AED 1,650,000 on 17 November 2016: AED 2,292 per sqft for 720 sqft. The unit has 3 registered sales; the first was AED 1,858,055 in April 2009.

What is the rent for unit 1702?

AED 107,346 a year on the contract renewed on 1 October 2018. The previous contract, from November 2017, was AED 89,455; the unit has been rented since September 2013.

How big is unit 1702?

720 sqft (66.9 sqm): a one-bedroom apartment on the 17th floor of a 40-storey tower completed in 2016.

What is unit 1702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Botanica Tower sold for AED 127,717 to 1,795,000 in the last 12 months, around AED 1,915 per sqft.

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Mortgage on 1702, Botanica Tower

Starts from the last sale price (AED 1.65M, 17 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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