Studio · 470 sqftBotanica Tower, Dubai Marina · 35th floor · completed 2016

3505, Botanica Tower

Sold prices and rental history: sold 4 times, last in November 2016, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3505 · DLD and Ejari recordsUpdated 3 October 2022
Last soldAED 1.2M24 November 2016
Current rentAED 65K /yr3 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3505, Botanica Tower

What is 3505 worth today?

Last sold for AED 1,200,000 in 2016

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3 Oct 2022RentedNew contract
AED 65,000/yr12 months · AED 137 per sqft
1 Jun 2022RentedNew contract
AED 60,000/yr12 months · AED 127 per sqft
25 Feb 2021RentedNew contract
AED 42,000/yr12 months · AED 89 per sqft
24 Nov 2016SoldReady
AED 1,200,000AED 2,553 per sqft
12 Jun 2013SoldReady
AED 500,000AED 1,063 per sqft
8 Mar 2012SoldOff-plan
AED 500,000AED 1,063 per sqft
25 Jan 2012Sold by developerOff-plan
AED 621,250AED 1,321 per sqft

Source: Dubai Land Department. Updated 3 October 2022.

Key facts

Type
Studio apartment
Size
470 sqft
Floor
35th of 40
Parking
P3-18
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 5,300 /yr
Last sold
AED 1.2M · November 2016

About 3505, Botanica Tower

3505 is a studio of 470 sqft on the 35th floor of Botanica Tower, a 40-storey tower in Dubai Marina completed in 2016 by Myra Real Estate Deveiopment . It last sold on 24 November 2016 for AED 1,200,000, or AED 2,553 per sqft, 25% above the AED 2,039 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 3 October 2022, is AED 65,000 a year: a gross yield of 5.4% on the 2016 price, before the service charge of about AED 5,300 a year.

Sales and rents for 3505 over time

Sales
Unit 3505, each saleTypical studio in Botanica Tower
500K1M2009201420192024Typical 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, January 2012: AED 621,250 (AED 1,321 per sqft)Sold, March 2012: AED 500,000 (AED 1,063 per sqft)Sold, June 2013: AED 500,000 (AED 1,063 per sqft)Sold, November 2016: AED 1,200,000 (AED 2,553 per sqft)

3505 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 3505, 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, February 2021: AED 42,000 a yearNew contract, June 2022: AED 60,000 a yearNew contract, October 2022: AED 65,000 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 3505 sits

All 62 studios →

3505 last sold in November 2016 at AED 2,553 per sqft, 25% above what studios in Botanica Tower were fetching at the time (AED 2,039). 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. 3505's AED 65,000 is in the lower 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 35th floor

All 365 units in Botanica Tower
Value
35011-bedAED 2.12M · Apr 2009
35021-bedAED 800K · Jun 2021
35032-bedAED 2.1M · Nov 2012
35041-bedAED 1.32M · Oct 2012
3506StudioAED 1.05M · Jan 2017
35071-bedAED 1.14M · Oct 2012
35082-bedAED 1.28M · Feb 2019
1–7 of 10

3505, Botanica Tower in numbers

  • Sold 4 times: first on 25 January 2012 for AED 621,250, last on 24 November 2016 for AED 1,200,000 (AED 2,553 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 42,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2016 price is 5.4%, 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 3 October 2022.

Questions about 3505, Botanica Tower

What did unit 3505 last sell for?

AED 1,200,000 on 24 November 2016: AED 2,553 per sqft for 470 sqft. The unit has 4 registered sales; the first was AED 621,250 in January 2012.

What is the rent for unit 3505?

AED 65,000 a year on the contract signed on 3 October 2022. The previous contract, from June 2022, was AED 60,000; the unit has been rented since February 2021.

How big is unit 3505?

470 sqft (43.7 sqm): a studio on the 35th floor of a 40-storey tower completed in 2016.

What is unit 3505 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.

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Mortgage on 3505, Botanica Tower

Starts from the last sale price (AED 1.2M, 24 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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