2-bed · 1,255 sqftCayan Tower, Dubai Marina · 23rd floor · completed 2013

2302, Cayan Tower

Sold prices and rental history: sold 3 times, last in December 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 3 March 2024
Last soldAED 1.92M15 December 2014
Current rentAED 160K /yr3 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2302, Cayan Tower

What is 2302 worth today?

Last sold for AED 1,922,700 in 2014

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3 Mar 2024RentedRenewal
AED 160,000/yr12 months · AED 127 per sqft
3 Mar 2024RentedRenewal
AED 160,000/yr12 months · AED 127 per sqft
3 Mar 2023RentedRenewal
AED 137,500/yr12 months · AED 109 per sqft
3 Mar 2022RentedNew contract
AED 125,000/yr12 months · AED 99 per sqft
10 Feb 2021RentedNew contract
AED 85,000/yr12 months · AED 67 per sqft
28 Jan 2020RentedNew contract
AED 115,000/yr12 months · AED 91 per sqft
29 Jan 2019RentedNew contract
AED 118,000/yr12 months · AED 94 per sqft
15 Dec 2017RentedNew contract
AED 128,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 3 March 2024.

Key facts

Type
2-bed apartment
Size
1,255 sqft
Floor
23rd of 73
Parking
B3-180
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 26,900 /yr
Last sold
AED 1.92M · December 2014
Building
Cayan Tower

About 2302, Cayan Tower

2302 is a two-bedroom apartment of 1,255 sqft on the 23rd floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. It last sold on 15 December 2014 for AED 1,922,700, or AED 1,532 per sqft, 14% below the AED 1,783 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 3 March 2024, is AED 160,000 a year: a gross yield of 8.3% on the 2014 price, before the service charge of about AED 26,900 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, each saleTypical two-bed in Cayan Tower
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,870,560; 2010 AED 1,637,378; 2011 AED 1,798,780; 2012 AED 1,723,322; 2013 AED 1,809,120; 2014 AED 2,237,500; 2015 AED 2,350,000; 2016 AED 2,620,941; 2017 AED 2,300,000; 2018 AED 2,000,000; 2019 AED 1,800,000; 2020 AED 1,270,000; 2021 AED 1,625,000; 2022 AED 1,925,000; 2023 AED 2,350,000; 2024 AED 2,537,500; 2025 AED 2,660,000; 2026 AED 2,875,000Sold by developer, May 2012: AED 1,723,322 (AED 1,373 per sqft)Sold, May 2013: AED 1,922,700 (AED 1,532 per sqft)Sold, December 2014: AED 1,922,700 (AED 1,532 per sqft)

2302 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2302, each contractTypical two-bed in Cayan Tower
100K150K2013201720212025Typical rent by year: 2013 AED 180,000; 2014 AED 170,000; 2015 AED 176,500; 2016 AED 175,000; 2017 AED 165,000; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 105,000; 2021 AED 103,500; 2022 AED 120,000; 2023 AED 145,000; 2024 AED 160,000; 2025 AED 165,000; 2026 AED 155,000New contract, December 2017: AED 128,000 a yearNew contract, January 2019: AED 118,000 a yearNew contract, January 2020: AED 115,000 a yearNew contract, February 2021: AED 85,000 a yearNew contract, March 2022: AED 125,000 a yearRenewal, March 2023: AED 137,500 a yearRenewal, March 2024: AED 160,000 a yearRenewal, March 2024: AED 160,000 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 Cayan Tower, and where 2302 sits

All 205 2-beds →

2302 last sold in December 2014 at AED 1,532 per sqft, 14% below what two-beds in Cayan Tower were fetching at the time (AED 1,783). Over the last 12 months two-beds sold for AED 2,400,000 to 3,200,000, around AED 2,003 per sqft, and rent for AED 60,000 to 265,000 a year. 2302's AED 160,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Sep 20263,200,000
7 Jul 20262,500,000
3 Jun 20263,000,000
22 May 20262,725,000
12 2-bed sales in the last 12 months

Cayan Tower

Building

495 apartments, studios to 3-bed over 73 floors in Dubai Marina, completed in 2013 by Cayan Real Estate Investment & Development. 36 sold in the last 12 months.

Typical price per sqft
AED 2,123 Up 5.0%
Typical sale
AED 2.56M
Typical rent
AED 139K /yr
Typical yield
5.8%
Cayan Tower, Dubai Marina: prices, sales and rents →

Other units on the 23rd floor

All 495 units in Cayan Tower
Value
23012-bedAED 1.99M · Oct 2013
23032-bedAED 2.59M · Apr 2023
23041-bedAED 1.92M · Feb 2014
23052-bedAED 3.23M · Mar 2014
23061-bedAED 1.93M · Nov 2014
23071-bedAED 1.87M · Dec 2023
23082-bedAED 1.87M · Nov 2013
1–7 of 8

2302, Cayan Tower in numbers

  • Sold 3 times: first on 3 May 2012 for AED 1,723,322, last on 15 December 2014 for AED 1,922,700 (AED 1,532 per sqft).
  • Rented since December 2017 on 8 Ejari contracts. The rent fell from AED 128,000 to AED 85,000 in 2021 and recovered to AED 160,000 by March 2024.
  • At AED 160,000 a year the gross yield on the 2014 price is 8.3%, before a service charge of about AED 26,900 a year (AED 21.43 per sqft).
  • Two-beds in Cayan Tower sold for AED 2,400,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,123 per sqft.

Source: Dubai Land Department. Updated 3 March 2024.

Questions about 2302, Cayan Tower

What did unit 2302 last sell for?

AED 1,922,700 on 15 December 2014: AED 1,532 per sqft for 1,255 sqft. The unit has 3 registered sales; the first was AED 1,723,322 in May 2012.

What is the rent for unit 2302?

AED 160,000 a year on the contract renewed on 3 March 2024. The previous contract, from March 2024, was AED 160,000; the unit has been rented since December 2017.

How big is unit 2302?

1,255 sqft (116.6 sqm): a two-bedroom apartment on the 23rd floor of a 73-storey tower completed in 2013.

What is unit 2302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Cayan Tower sold for AED 2,400,000 to 3,200,000 in the last 12 months, around AED 2,003 per sqft.

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Mortgage on 2302, Cayan Tower

Starts from the last sale price (AED 1.92M, 15 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,922,700
Deposit, UAE resident (20%)
AED 384,540
Deposit, non-resident (40%)
AED 769,080
Monthly over 25 years at 3.7%
AED 7,866

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