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1-bed · 863 sqftDamac Heights, Dubai Marina · 18th floor · completed 2018

1802, Damac Heights

Sold prices and rental history: sold once, by the developer in February 2016, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1802 · DLD and Ejari recordsUpdated 10 August 2022
Last soldAED 2.05M1 February 2016
Current rentAED 69K /yr10 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1802, Damac Heights

What is 1802 worth today?

Last sold for AED 2,049,504 in 2016

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10 Aug 2022RentedRenewal
AED 69,300/yr12 months · AED 80 per sqft
10 Aug 2021RentedRenewal
AED 66,000/yr12 months · AED 77 per sqft
10 Aug 2018RentedNew contract
AED 85,000/yr12 months · AED 99 per sqft
1 Feb 2016Sold by developerOff-plan
AED 2,049,504AED 2,374 per sqft

Source: Dubai Land Department. Updated 10 August 2022.

Key facts

Type
1-bed apartment
Size
863 sqft
Floor
18th of 84
Parking
B4-45
Developer
DAMAC
Completed
2018
Service charge
AED 14,000 /yr
Last sold
AED 2.05M · February 2016
Building
Damac Heights

About 1802, Damac Heights

1802 is a one-bedroom apartment of 863 sqft on the 18th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 1 February 2016 for AED 2,049,504, or AED 2,374 per sqft, in line with the AED 2,424 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 10 August 2022, is AED 69,300 a year: a gross yield of 3.4% on the 2016 price, before the service charge of about AED 14,000 a year.

Sales and rents for 1802 over time

Sales
Unit 1802, 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, February 2016: AED 2,049,504 (AED 2,374 per sqft)

1802 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1802, 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, August 2018: AED 85,000 a yearRenewal, August 2021: AED 66,000 a yearRenewal, August 2022: AED 69,300 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 1802 sits

All 285 1-beds →

1802 last sold in February 2016 at AED 2,374 per sqft, in line with what one-beds in Damac Heights were fetching at the time (AED 2,424). 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. 1802's AED 69,300 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 18th floor

All 641 units in Damac Heights
Value
18012-bedAED 3.02M · Aug 2009
18031-bedAED 2.78M · Jun 2009
18041-bedAED 2.06M · Oct 2015
18052-bedAED 4.72M · Apr 2014
18062-bedAED 4.02M · Apr 2014
18071-bedAED 3.18M · Apr 2014
18081-bedAED 1.99M · Jul 2016
1–7 of 9

1802, Damac Heights in numbers

  • Sold once: by DAMAC on 1 February 2016 for AED 2,049,504, or AED 2,374 per sqft.
  • Rented since August 2018 on 3 Ejari contracts, from AED 85,000 to AED 69,300 a year.
  • At AED 69,300 a year the gross yield on the 2016 price is 3.4%, before a service charge of about AED 14,000 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 10 August 2022.

Questions about 1802, Damac Heights

What did unit 1802 last sell for?

AED 2,049,504 on 1 February 2016, sold by the developer: AED 2,374 per sqft for 863 sqft. It is the only registered sale of the unit.

What is the rent for unit 1802?

AED 69,300 a year on the contract renewed on 10 August 2022. The previous contract, from August 2021, was AED 66,000; the unit has been rented since August 2018.

How big is unit 1802?

863 sqft (80.2 sqm): a one-bedroom apartment on the 18th floor of a 84-storey tower completed in 2018.

What is unit 1802 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 1802, Damac Heights

Starts from the last sale price (AED 2.05M, 1 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,049,504
Deposit, UAE resident (20%)
AED 409,901
Deposit, non-resident (40%)
AED 819,802
Monthly over 25 years at 3.7%
AED 8,385

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