Studio · 721 sqftCayan Tower, Dubai Marina · 3rd floor · completed 2013

301, Cayan Tower

Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 9 November 2022
Last soldAED 1.17M9 November 2022
Current rentAED 40K /yr1 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Cayan Tower

What is 301 worth today?

Last sold for AED 1,165,892 in 2022

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9 Nov 2022SoldReady
AED 1,165,892AED 1,617 per sqft
1 Jun 2022RentedRenewal
AED 40,000/yr12 months · AED 56 per sqft
1 Jun 2022RentedNew contract
AED 51,500/yr12 months · AED 71 per sqft
31 May 2021RentedNew contract
AED 39,889/yr12 months · AED 55 per sqft
17 Dec 2018SoldReady
AED 1,000,000AED 1,387 per sqft
20 Oct 2018RentedNew contract
AED 90,000/yr12 months · AED 125 per sqft
19 Apr 2018Sold by developerReady
AED 1,050,000AED 1,456 per sqft
20 Dec 2017RentedNew contract
AED 85,000/yr12 months · AED 118 per sqft

Source: Dubai Land Department. Updated 9 November 2022.

Key facts

Type
Studio apartment
Size
721 sqft
Floor
3rd of 73
Parking
P3-495 0
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 15,500 /yr
Last sold
AED 1.17M · November 2022
Building
Cayan Tower

About 301, Cayan Tower

301 is a studio of 721 sqft on the 3rd floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. It last sold on 9 November 2022 for AED 1,165,892, or AED 1,617 per sqft, 5% above the AED 1,539 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 1 June 2022, is AED 40,000 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 15,500 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical studio in Cayan Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 684,720; 2013 AED 693,900; 2017 AED 1,400,000; 2018 AED 1,265,382; 2021 AED 775,000; 2022 AED 1,176,446; 2024 AED 1,245,000; 2026 AED 1,410,000Sold by developer, April 2018: AED 1,050,000 (AED 1,456 per sqft)Sold, December 2018: AED 1,000,000 (AED 1,387 per sqft)Sold, November 2022: AED 1,165,892 (AED 1,617 per sqft)

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

Rents
Unit 301, each contractTypical studio in Cayan Tower
50K75K2013201720212025Typical rent by year: 2013 AED 90,000; 2014 AED 90,000; 2015 AED 89,750; 2016 AED 88,500; 2017 AED 90,000; 2018 AED 90,000; 2019 AED 70,000; 2020 AED 63,500; 2021 AED 54,000; 2022 AED 70,000; 2023 AED 81,888; 2024 AED 87,250; 2025 AED 88,000; 2026 AED 80,242New contract, December 2017: AED 85,000 a yearNew contract, October 2018: AED 90,000 a yearNew contract, May 2021: AED 39,889 a yearRenewal, June 2022: AED 40,000 a yearNew contract, June 2022: AED 51,500 a year

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

Studios in Cayan Tower, and where 301 sits

All 22 studios →

301 last sold in November 2022 at AED 1,617 per sqft, 5% above what studios in Cayan Tower were fetching at the time (AED 1,539). Over the last 12 months studios sold for AED 1,315,000 to 1,850,000, around AED 1,942 per sqft, and rent for AED 75,000 to 97,000 a year. 301's AED 40,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
8 May 20261,315,000
1 Apr 20261,410,000
16 Mar 20261,850,000
10 Dec 20241,550,000
3 studio 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 3rd floor

All 495 units in Cayan Tower
Value
3021-bedAED 1.08M · Feb 2015
303StudioAED 1.5M · Feb 2015
304StudioAED 1.4M · Oct 2017
3051-bedAED 1.95M · Dec 2023
306StudioAED 1.32M · May 2026

301, Cayan Tower in numbers

  • Sold 3 times: first on 19 April 2018 for AED 1,050,000, last on 9 November 2022 for AED 1,165,892 (AED 1,617 per sqft).
  • Rented since December 2017 on 5 Ejari contracts, from AED 85,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 3.4%, before a service charge of about AED 15,500 a year (AED 21.43 per sqft).
  • Studios in Cayan Tower sold for AED 1,315,000–1,850,000 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 9 November 2022.

Questions about 301, Cayan Tower

What did unit 301 last sell for?

AED 1,165,892 on 9 November 2022: AED 1,617 per sqft for 721 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in April 2018.

What is the rent for unit 301?

AED 40,000 a year on the contract renewed on 1 June 2022. The previous contract, from June 2022, was AED 51,500; the unit has been rented since December 2017.

How big is unit 301?

721 sqft (67.0 sqm): a studio on the 3rd floor of a 73-storey tower completed in 2013.

What is unit 301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Cayan Tower sold for AED 1,315,000 to 1,850,000 in the last 12 months, around AED 1,942 per sqft.

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Mortgage on 301, Cayan Tower

Starts from the last sale price (AED 1.17M, 9 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,165,892
Deposit, UAE resident (20%)
AED 233,178
Deposit, non-resident (40%)
AED 466,357
Monthly over 25 years at 3.7%
AED 4,770

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