2-bed · 1,207 sqftBotanica Tower, Dubai Marina · 23rd floor · completed 2016

2308, Botanica Tower

Sold prices and rental history: sold twice, last in June 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2308 · DLD and Ejari recordsUpdated 21 June 2020
Last soldAED 1.22M21 June 2020
Current rentAED 117K /yr21 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2308, Botanica Tower

What is 2308 worth today?

Last sold for AED 1,215,000 in 2020

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21 Jun 2020SoldReady
AED 1,215,000AED 1,006 per sqft
21 Sep 2017RentedNew contract
AED 116,500/yr12 months · AED 97 per sqft
15 Aug 2016RentedNew contract
AED 135,000/yr12 months · AED 112 per sqft
3 Apr 2015RentedNew contract
AED 145,000/yr12 months · AED 120 per sqft
3 Apr 2014RentedNew contract
AED 150,000/yr12 months · AED 124 per sqft
26 Feb 2013Sold by developerReady
AED 1,450,000AED 1,201 per sqft
2 Oct 2012RentedNew contract
AED 125,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 21 June 2020.

Key facts

Type
2-bed apartment
Size
1,207 sqft
Floor
23rd of 40
Parking
P1-16
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 13,500 /yr
Last sold
AED 1.22M · June 2020

About 2308, Botanica Tower

2308 is a two-bedroom apartment of 1,207 sqft on the 23rd floor of Botanica Tower, a 40-storey tower in Dubai Marina completed in 2016 by Myra Real Estate Deveiopment . It last sold on 21 June 2020 for AED 1,215,000, or AED 1,006 per sqft, 13% below the AED 1,156 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 21 September 2017, is AED 116,500 a year: a gross yield of 9.6% on the 2020 price, before the service charge of about AED 13,500 a year.

Sales and rents for 2308 over time

Sales
Unit 2308, 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, February 2013: AED 1,450,000 (AED 1,201 per sqft)Sold, June 2020: AED 1,215,000 (AED 1,006 per sqft)

2308 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2308, each contractTypical two-bed in Botanica Tower
100K150K2012201620202024Typical 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, October 2012: AED 125,000 a yearNew contract, April 2014: AED 150,000 a yearNew contract, April 2015: AED 145,000 a yearNew contract, August 2016: AED 135,000 a yearNew contract, September 2017: AED 116,500 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 2308 sits

All 64 2-beds →

2308 last sold in June 2020 at AED 1,006 per sqft, 13% below what two-beds in Botanica Tower were fetching at the time (AED 1,156). 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. 2308's AED 116,500 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 23rd floor

All 365 units in Botanica Tower
Value
23011-bedAED 650K · Jul 2012
23021-bedAED 1.15M · Nov 2021
23032-bedAED 2.11M · Aug 2013
23041-bedAED 1.08M · Dec 2019
2305StudioAED 1.28M · Jun 2025
2306StudioAED 800K · Feb 2015
23071-bedAED 1.6M · Jul 2024
1–7 of 10

2308, Botanica Tower in numbers

  • Sold twice: first on 26 February 2013 for AED 1,450,000, last on 21 June 2020 for AED 1,215,000 (AED 1,006 per sqft).
  • Rented since October 2012 on 5 Ejari contracts, from AED 125,000 to AED 116,500 a year.
  • At AED 116,500 a year the gross yield on the 2020 price is 9.6%, 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 21 June 2020.

Questions about 2308, Botanica Tower

What did unit 2308 last sell for?

AED 1,215,000 on 21 June 2020: AED 1,006 per sqft for 1,207 sqft. The unit has 2 registered sales; the first was AED 1,450,000 in February 2013.

What is the rent for unit 2308?

AED 116,500 a year on the contract signed on 21 September 2017. The previous contract, from August 2016, was AED 135,000; the unit has been rented since October 2012.

How big is unit 2308?

1,207 sqft (112.1 sqm): a two-bedroom apartment on the 23rd floor of a 40-storey tower completed in 2016.

What is unit 2308 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 2308, Botanica Tower

Starts from the last sale price (AED 1.22M, 21 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,215,000
Deposit, UAE resident (20%)
AED 243,000
Deposit, non-resident (40%)
AED 486,000
Monthly over 25 years at 3.7%
AED 4,971

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