Studio · 758 sqftCayan Tower, Dubai Marina · 5th floor · completed 2013

503, Cayan Tower

Sold prices and rental history: sold twice, last in October 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 16 August 2024
Last soldAED 685K3 October 2013
Current rentAED 80K /yr16 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Cayan Tower

What is 503 worth today?

Last sold for AED 684,720 in 2013

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16 Aug 2024RentedNew contract
AED 80,000/yr12 months · AED 106 per sqft
16 Aug 2024RentedNew contract
AED 80,000/yr12 months · AED 106 per sqft
7 Mar 2024RentedNew contract
AED 85,000/yr12 months · AED 112 per sqft
7 Mar 2024RentedNew contract
AED 85,000/yr12 months · AED 112 per sqft
29 Feb 2024RentedNew contract
AED 85,000/yr12 months · AED 113 per sqft
29 Feb 2024RentedNew contract
AED 85,000/yr12 months · AED 113 per sqft
17 Oct 2023RentedNew contract
AED 84,000/yr12 months · AED 111 per sqft
17 Apr 2022RentedNew contract
AED 50,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 16 August 2024.

Key facts

Type
Studio apartment
Size
758 sqft
Floor
5th of 73
Parking
P5-601
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 16,200 /yr
Last sold
AED 685K · October 2013
Building
Cayan Tower

About 503, Cayan Tower

503 is a studio of 758 sqft on the 5th floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. It last sold on 3 October 2013 for AED 684,720, or AED 903 per sqft, 7% below the AED 974 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 14 Ejari contracts. The current contract, signed on 16 August 2024, is AED 80,000 a year: a gross yield of 11.7% on the 2013 price, before the service charge of about AED 16,200 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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 2009: AED 684,720 (AED 903 per sqft)Sold, October 2013: AED 684,720 (AED 903 per sqft)

503 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 503, each contractTypical studio in Cayan Tower
60K80K2013201720212025Typical 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, September 2013: AED 90,000 a yearNew contract, November 2013: AED 85,000 a yearNew contract, June 2015: AED 85,470 a yearNew contract, October 2017: AED 82,000 a yearNew contract, February 2020: AED 63,000 a yearNew contract, April 2021: AED 50,000 a yearNew contract, April 2022: AED 50,000 a yearNew contract, October 2023: AED 84,000 a yearNew contract, February 2024: AED 85,000 a yearNew contract, February 2024: AED 85,000 a yearNew contract, March 2024: AED 85,000 a yearNew contract, March 2024: AED 85,000 a yearNew contract, August 2024: AED 80,000 a yearNew contract, August 2024: AED 80,000 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 503 sits

All 22 studios →

503 last sold in October 2013 at AED 903 per sqft, 7% below what studios in Cayan Tower were fetching at the time (AED 974). 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. 503's AED 80,000 is in the lower half 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 5th floor

All 495 units in Cayan Tower
Value
501StudioAED 694K · Oct 2013
5021-bedAED 1.08M · Oct 2013
504StudioAED 1.42M · Oct 2024
5051-bedAED 1.1M · Apr 2014
506StudioAED 694K · Oct 2013

503, Cayan Tower in numbers

  • Sold twice: first on 16 April 2009 for AED 684,720, last on 3 October 2013 for AED 684,720 (AED 903 per sqft).
  • Rented since September 2013 on 14 Ejari contracts. The rent fell from AED 90,000 to AED 50,000 in 2022 and recovered to AED 80,000 by August 2024.
  • At AED 80,000 a year the gross yield on the 2013 price is 11.7%, before a service charge of about AED 16,200 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 16 August 2024.

Questions about 503, Cayan Tower

What did unit 503 last sell for?

AED 684,720 on 3 October 2013: AED 903 per sqft for 758 sqft. The unit has 2 registered sales; the first was AED 684,720 in April 2009.

What is the rent for unit 503?

AED 80,000 a year on the contract signed on 16 August 2024. The previous contract, from August 2024, was AED 80,000; the unit has been rented since September 2013.

How big is unit 503?

758 sqft (70.4 sqm): a studio on the 5th floor of a 73-storey tower completed in 2013.

What is unit 503 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 503, Cayan Tower

Starts from the last sale price (AED 685K, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 684,720
Deposit, UAE resident (20%)
AED 136,944
Deposit, non-resident (40%)
AED 273,888
Monthly over 25 years at 3.7%
AED 2,801

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