Studio · 472 sqftBotanica Tower, Dubai Marina · 17th floor · completed 2016

1706, Botanica Tower

Sold prices and rental history: sold 3 times, last in July 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 27 August 2017
Last soldAED 1.02M3 July 2014
Current rentAED 72K /yr27 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Botanica Tower

What is 1706 worth today?

Last sold for AED 1,020,000 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

27 Aug 2017RentedNew contract
AED 72,000/yr12 months · AED 152 per sqft
3 Jul 2014SoldReady
AED 1,020,000AED 2,162 per sqft
4 Jun 2014SoldReady
AED 968,538AED 2,053 per sqft
2 Mar 2014RentedRenewal
AED 52,657/yr12 months · AED 111 per sqft
1 Mar 2013RentedNew contract
AED 49,866/yr12 months · AED 105 per sqft
30 Apr 2009Sold by developerOff-plan
AED 1,118,722AED 2,372 per sqft

Source: Dubai Land Department. Updated 27 August 2017.

Key facts

Type
Studio apartment
Size
472 sqft
Floor
17th of 40
Parking
B2-61
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 5,300 /yr
Last sold
AED 1.02M · July 2014

About 1706, Botanica Tower

1706 is a studio of 472 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 3 July 2014 for AED 1,020,000, or AED 2,162 per sqft, 17% above the AED 1,848 studios in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 27 August 2017, is AED 72,000 a year: a gross yield of 7.1% on the 2014 price, before the service charge of about AED 5,300 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, each saleTypical studio in Botanica Tower
750K1M2009201420192024Typical sale price by year: 2009 AED 1,084,467; 2011 AED 787,414; 2012 AED 672,975; 2013 AED 742,018; 2014 AED 1,020,000; 2015 AED 980,000; 2016 AED 980,000; 2017 AED 1,060,000; 2019 AED 700,000; 2021 AED 646,500; 2022 AED 750,000; 2024 AED 1,025,000; 2025 AED 1,120,000; 2026 AED 1,000,000Sold by developer, April 2009: AED 1,118,722 (AED 2,372 per sqft)Sold, June 2014: AED 968,538 (AED 2,053 per sqft)Sold, July 2014: AED 1,020,000 (AED 2,162 per sqft)

1706 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1706, each contractTypical studio in Botanica Tower
40K60K80K2013201720212025Typical rent by year: 2013 AED 60,000; 2014 AED 70,000; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 54,250; 2020 AED 48,000; 2021 AED 45,000; 2022 AED 54,500; 2023 AED 60,000; 2024 AED 75,000; 2025 AED 76,000; 2026 AED 65,000New contract, March 2013: AED 49,866 a yearRenewal, March 2014: AED 52,657 a yearNew contract, August 2017: AED 72,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Botanica Tower, and where 1706 sits

All 62 studios →

1706 last sold in July 2014 at AED 2,162 per sqft, 17% above what studios in Botanica Tower were fetching at the time (AED 1,848). Over the last 12 months studios sold for AED 920,000 to 1,170,000, around AED 2,276 per sqft, and rent for AED 55,000 to 86,000 a year. 1706's AED 72,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
30 Jul 202638,148
29 Jul 202618,291
28 Jul 202625,023
17 Jul 2026920,000
10 studio 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
17021-bedAED 1.65M · Nov 2016
17032-bedAED 1.58M · Oct 2018
17041-bedAED 1.47M · Jan 2018
1705StudioAED 760K · Jun 2022
17071-bedAED 1.35M · Nov 2015
17082-bedAED 1.39M · Dec 2012
1–7 of 10

1706, Botanica Tower in numbers

  • Sold 3 times: first on 30 April 2009 for AED 1,118,722, last on 3 July 2014 for AED 1,020,000 (AED 2,162 per sqft).
  • Rented since March 2013 on 3 Ejari contracts, from AED 49,866 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2014 price is 7.1%, before a service charge of about AED 5,300 a year (AED 11.19 per sqft).
  • Studios in Botanica Tower sold for AED 920,000–1,170,000 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 27 August 2017.

Questions about 1706, Botanica Tower

What did unit 1706 last sell for?

AED 1,020,000 on 3 July 2014: AED 2,162 per sqft for 472 sqft. The unit has 3 registered sales; the first was AED 1,118,722 in April 2009.

What is the rent for unit 1706?

AED 72,000 a year on the contract signed on 27 August 2017. The previous contract, from March 2014, was AED 52,657; the unit has been rented since March 2013.

How big is unit 1706?

472 sqft (43.9 sqm): a studio on the 17th floor of a 40-storey tower completed in 2016.

What is unit 1706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Botanica Tower sold for AED 920,000 to 1,170,000 in the last 12 months, around AED 2,276 per sqft.

Selling 1706? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1706, Botanica Tower

Starts from the last sale price (AED 1.02M, 3 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

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