2-bed · 1,208 sqftBotanica Tower, Dubai Marina · 35th floor · completed 2016

3508, Botanica Tower

Sold prices and rental history: sold 3 times, last in February 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3508 · DLD and Ejari recordsUpdated 7 March 2024
Last soldAED 1.28M26 February 2019
Current rentAED 95K /yr7 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3508, Botanica Tower

What is 3508 worth today?

Last sold for AED 1,275,000 in 2019

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7 Mar 2024RentedRenewal
AED 95,000/yr12 months · AED 79 per sqft
7 Mar 2024RentedRenewal
AED 95,000/yr12 months · AED 79 per sqft
7 Mar 2023RentedRenewal
AED 95,000/yr12 months · AED 79 per sqft
7 Mar 2022RentedNew contract
AED 95,000/yr12 months · AED 79 per sqft
14 Jan 2020RentedNew contract
AED 85,000/yr12 months · AED 71 per sqft
26 Feb 2019SoldReady
AED 1,275,000AED 1,055 per sqft
1 Dec 2018RentedNew contract
AED 100,000/yr12 months · AED 83 per sqft
31 Oct 2017RentedNew contract
AED 125,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 7 March 2024.

Key facts

Type
2-bed apartment
Size
1,208 sqft
Floor
35th of 40
Parking
P3-21
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 13,500 /yr
Last sold
AED 1.28M · February 2019

About 3508, Botanica Tower

3508 is a two-bedroom apartment of 1,208 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 26 February 2019 for AED 1,275,000, or AED 1,055 per sqft.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 7 March 2024, is AED 95,000 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 13,500 a year.

Sales and rents for 3508 over time

Sales
Unit 3508, 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, March 2009: AED 1,734,314 (AED 1,435 per sqft)Sold, December 2012: AED 1,734,314 (AED 1,435 per sqft)Sold, February 2019: AED 1,275,000 (AED 1,055 per sqft)

3508 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3508, 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, August 2016: AED 130,000 a yearNew contract, October 2017: AED 125,000 a yearNew contract, December 2018: AED 100,000 a yearNew contract, January 2020: AED 85,000 a yearNew contract, March 2022: AED 95,000 a yearRenewal, March 2023: AED 95,000 a yearRenewal, March 2024: AED 95,000 a yearRenewal, March 2024: AED 95,000 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 3508 sits

All 64 2-beds →

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. 3508's AED 95,000 is in the lower 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 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
3505StudioAED 1.2M · Nov 2016
3506StudioAED 1.05M · Jan 2017
35071-bedAED 1.14M · Oct 2012
1–7 of 10

3508, Botanica Tower in numbers

  • Sold 3 times: first on 26 March 2009 for AED 1,734,314, last on 26 February 2019 for AED 1,275,000 (AED 1,055 per sqft).
  • Rented since August 2016 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 85,000 in 2020 and recovered to AED 95,000 by March 2024.
  • At AED 95,000 a year the gross yield on the 2019 price is 7.4%, 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 7 March 2024.

Questions about 3508, Botanica Tower

What did unit 3508 last sell for?

AED 1,275,000 on 26 February 2019: AED 1,055 per sqft for 1,208 sqft. The unit has 3 registered sales; the first was AED 1,734,314 in March 2009.

What is the rent for unit 3508?

AED 95,000 a year on the contract renewed on 7 March 2024. The previous contract, from March 2024, was AED 95,000; the unit has been rented since August 2016.

How big is unit 3508?

1,208 sqft (112.2 sqm): a two-bedroom apartment on the 35th floor of a 40-storey tower completed in 2016.

What is unit 3508 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 3508, Botanica Tower

Starts from the last sale price (AED 1.28M, 26 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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