2-bed · 1,231 sqftContinental Tower, Dubai Marina · 4th floor · completed 2015

402, Continental Tower

Sold prices and rental history: sold 4 times, last in April 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 25 April 2024
Last soldAED 2.18M25 April 2024
Current rentAED 85K /yr10 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Continental Tower

What is 402 worth today?

Last sold for AED 2,180,000 in 2024

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25 Apr 2024SoldReady
AED 2,180,000AED 1,770 per sqft
18 Apr 2023SoldReady
AED 1,600,000AED 1,299 per sqft
23 Jun 2022SoldReady
AED 1,300,000AED 1,055 per sqft
10 Oct 2021RentedNew contract
AED 85,000/yr12 months · AED 69 per sqft
10 Jul 2020RentedRenewal
AED 90,000/yr12 months · AED 73 per sqft
25 Jun 2019RentedRenewal
AED 110,400/yr12 months · AED 90 per sqft
25 Jun 2018RentedNew contract
AED 120,000/yr12 months · AED 98 per sqft
17 Nov 2014Sold by developerOff-plan
AED 1,628,010AED 1,322 per sqft

Source: Dubai Land Department. Updated 25 April 2024.

Key facts

Type
2-bed apartment
Size
1,231 sqft
Floor
4th of 29
Parking
B2-52
Developer
Continental Investments LMD
Completed
2015
Service charge
AED 19,000 /yr
Last sold
AED 2.18M · April 2024

About 402, Continental Tower

402 is a two-bedroom apartment of 1,231 sqft on the 4th floor of Continental Tower, a 29-storey tower in Dubai Marina completed in 2015 by Continental Investments LMD. It last sold on 25 April 2024 for AED 2,180,000, or AED 1,770 per sqft, 14% above the AED 1,547 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 10 October 2021, is AED 85,000 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 19,000 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Continental Tower
1M2M2014201820222026Typical sale price by year: 2014 AED 1,977,958; 2015 AED 2,250,005; 2016 AED 1,778,575; 2017 AED 1,860,000; 2018 AED 1,640,000; 2019 AED 1,300,000; 2020 AED 1,200,000; 2022 AED 1,610,000; 2023 AED 1,750,000; 2024 AED 2,075,000; 2025 AED 2,200,000; 2026 AED 2,325,000Sold by developer, November 2014: AED 1,628,010 (AED 1,322 per sqft)Sold, June 2022: AED 1,300,000 (AED 1,055 per sqft)Sold, April 2023: AED 1,600,000 (AED 1,299 per sqft)Sold, April 2024: AED 2,180,000 (AED 1,770 per sqft)

402 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 402, each contractTypical two-bed in Continental Tower
100K125K2017202020232026Typical rent by year: 2017 AED 130,000; 2018 AED 125,000; 2019 AED 107,500; 2020 AED 87,918; 2021 AED 85,000; 2022 AED 90,000; 2023 AED 105,000; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 115,500New contract, June 2018: AED 120,000 a yearRenewal, June 2019: AED 110,400 a yearRenewal, July 2020: AED 90,000 a yearNew contract, October 2021: AED 85,000 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 Continental Tower, and where 402 sits

All 110 2-beds →

402 last sold in April 2024 at AED 1,770 per sqft, 14% above what two-beds in Continental Tower were fetching at the time (AED 1,547). Over the last 12 months two-beds sold for AED 2,000,000 to 2,625,000, around AED 1,693 per sqft, and rent for AED 89,000 to 240,000 a year. 402's AED 85,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20262,050,000
2 Sep 20262,000,000
26 Aug 20262,500,000
24 Aug 20262,510,000
13 2-bed sales in the last 12 months

Continental Tower

Building

208 apartments, 1-bed to 3-bed over 29 floors in Dubai Marina, completed in 2015 by Continental Investments LMD. 19 sold in the last 12 months.

Typical price per sqft
AED 1,693 Up 0.7%
Typical sale
AED 2.2M
Typical rent
AED 112K /yr
Typical yield
5.7%
Continental Tower, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 208 units in Continental Tower
Value
4011-bedAED 935K · Dec 2021
4032-bedAED 2M · Jun 2016
4042-bedAED 2.13M · Feb 2024
4051-bedAED 1.46M · Jul 2015
4061-bedAED 1.22M · Jun 2016
4071-bedAED 950K · Dec 2017
4081-bedAED 1.3M · Sep 2023

402, Continental Tower in numbers

  • Sold 4 times: first on 17 November 2014 for AED 1,628,010, last on 25 April 2024 for AED 2,180,000 (AED 1,770 per sqft).
  • Rented since June 2018 on 4 Ejari contracts, from AED 120,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 19,000 a year (AED 15.41 per sqft).
  • Two-beds in Continental Tower sold for AED 2,000,000–2,625,000 in the 12 months to November 2026; the building's median across all types is AED 1,693 per sqft.

Source: Dubai Land Department. Updated 25 April 2024.

Questions about 402, Continental Tower

What did unit 402 last sell for?

AED 2,180,000 on 25 April 2024: AED 1,770 per sqft for 1,231 sqft. The unit has 4 registered sales; the first was AED 1,628,010 in November 2014.

What is the rent for unit 402?

AED 85,000 a year on the contract signed on 10 October 2021. The previous contract, from July 2020, was AED 90,000; the unit has been rented since June 2018.

How big is unit 402?

1,231 sqft (114.4 sqm): a two-bedroom apartment on the 4th floor of a 29-storey tower completed in 2015.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Continental Tower sold for AED 2,000,000 to 2,625,000 in the last 12 months, around AED 1,693 per sqft.

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Mortgage on 402, Continental Tower

Starts from the last sale price (AED 2.18M, 25 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,180,000
Deposit, UAE resident (20%)
AED 436,000
Deposit, non-resident (40%)
AED 872,000
Monthly over 25 years at 3.7%
AED 8,919

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