1-bed · 928 sqftDamac Heights, Dubai Marina · 12th floor · completed 2018

1208, Damac Heights

Sold prices and rental history: sold once, by the developer in November 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 2.06M2 November 2015
Current rentAED 110K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1208, Damac Heights

What is 1208 worth today?

Last sold for AED 2,063,700 in 2015

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1 Oct 2024RentedRenewal
AED 110,000/yr12 months · AED 119 per sqft
1 Oct 2022RentedNew contract
AED 95,000/yr12 months · AED 103 per sqft
15 Jun 2020RentedNew contract
AED 75,000/yr12 months · AED 81 per sqft
13 Feb 2019RentedNew contract
AED 90,000/yr12 months · AED 97 per sqft
2 Nov 2015Sold by developerOff-plan
AED 2,063,700AED 2,223 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
1-bed apartment
Size
928 sqft
Floor
12th of 84
Parking
B5-64
Developer
DAMAC
Completed
2018
Service charge
AED 15,000 /yr
Last sold
AED 2.06M · November 2015

About 1208, Damac Heights

1208 is a one-bedroom apartment of 928 sqft on the 12th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 2 November 2015 for AED 2,063,700, or AED 2,223 per sqft, 9% below the AED 2,446 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 110,000 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 15,000 a year.

Sales and rents for 1208 over time

Sales
Unit 1208, each saleTypical one-bed in Damac Heights
1M2M2009201420192024Typical sale price by year: 2009 AED 2,038,500; 2012 AED 1,147,000; 2013 AED 2,247,100; 2014 AED 2,107,900; 2015 AED 2,080,550; 2016 AED 2,049,504; 2017 AED 1,879,500; 2018 AED 1,514,016; 2019 AED 1,280,000; 2020 AED 1,100,000; 2021 AED 1,410,000; 2022 AED 1,537,500; 2023 AED 1,712,500; 2024 AED 1,831,000; 2025 AED 1,890,000; 2026 AED 2,005,000Sold by developer, November 2015: AED 2,063,700 (AED 2,223 per sqft)

1208 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1208, each contractTypical one-bed in Damac Heights
75K100K125K2018202120242027Typical rent by year: 2018 AED 90,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 77,500; 2022 AED 90,000; 2023 AED 102,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 110,000New contract, February 2019: AED 90,000 a yearNew contract, June 2020: AED 75,000 a yearNew contract, October 2022: AED 95,000 a yearRenewal, October 2024: AED 110,000 a year

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

1-beds in Damac Heights, and where 1208 sits

All 285 1-beds →

1208 last sold in November 2015 at AED 2,223 per sqft, 9% below what one-beds in Damac Heights were fetching at the time (AED 2,446). Over the last 12 months one-beds sold for AED 1,132,000 to 2,373,731, around AED 2,079 per sqft, and rent for AED 63,966 to 168,000 a year. 1208's AED 110,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Aug 20262,005,000
22 May 20261,850,000
1 May 20261,515,000
22 Apr 20262,275,000
14 1-bed sales in the last 12 months

Damac Heights

Building

641 apartments, 1-bed to 5-bed over 84 floors in Dubai Marina, completed in 2018 by DAMAC. 41 sold in the last 12 months.

Typical price per sqft
AED 2,042 Up 2.8%
Typical sale
AED 2.85M
Typical rent
AED 140K /yr
Typical yield
5.8%
Damac Heights, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 641 units in Damac Heights
Value
12011-bedAED 2.42M · Jan 2025
12021-bedAED 1.09M · Jan 2021
12031-bedAED 2.12M · Dec 2014
12041-bedAED 1.66M · Jun 2024
12052-bedAED 3.68M · Apr 2015
12062-bedAED 4.1M · Aug 2014
12072-bedAED 3.44M · Jun 2015
1–7 of 19

1208, Damac Heights in numbers

  • Sold once: by DAMAC on 2 November 2015 for AED 2,063,700, or AED 2,223 per sqft.
  • Rented since February 2019 on 4 Ejari contracts. The rent fell from AED 90,000 to AED 75,000 in 2020 and recovered to AED 110,000 by October 2024.
  • At AED 110,000 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 15,000 a year (AED 16.18 per sqft).
  • One-beds in Damac Heights sold for AED 1,132,000–2,373,731 in the 12 months to November 2026; the building's median across all types is AED 2,042 per sqft.

Source: Dubai Land Department. Updated 1 October 2024.

Questions about 1208, Damac Heights

What did unit 1208 last sell for?

AED 2,063,700 on 2 November 2015, sold by the developer: AED 2,223 per sqft for 928 sqft. It is the only registered sale of the unit.

What is the rent for unit 1208?

AED 110,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2022, was AED 95,000; the unit has been rented since February 2019.

How big is unit 1208?

928 sqft (86.2 sqm): a one-bedroom apartment on the 12th floor of a 84-storey tower completed in 2018.

What is unit 1208 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Damac Heights sold for AED 1,132,000 to 2,373,731 in the last 12 months, around AED 2,079 per sqft.

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Mortgage on 1208, Damac Heights

Starts from the last sale price (AED 2.06M, 2 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,063,700
Deposit, UAE resident (20%)
AED 412,740
Deposit, non-resident (40%)
AED 825,480
Monthly over 25 years at 3.7%
AED 8,443

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