2-bed · 1,321 sqftDamac Heights, Dubai Marina · 23rd floor · completed 2018

2301, Damac Heights

Sold prices and rental history: sold once, by the developer in April 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 3.47M23 April 2015
Current rentAED 155K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2301, Damac Heights

What is 2301 worth today?

Last sold for AED 3,465,000 in 2015

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5 Sep 2024RentedNew contract
AED 155,000/yr12 months · AED 115 per sqft
5 Sep 2024RentedNew contract
AED 155,000/yr12 months · AED 115 per sqft
15 Oct 2023RentedRenewal
AED 132,000/yr3 months · AED 98 per sqft
15 Oct 2022RentedRenewal
AED 120,000/yr12 months · AED 89 per sqft
15 Oct 2021RentedNew contract
AED 120,000/yr12 months · AED 89 per sqft
15 Sep 2019RentedRenewal
AED 128,000/yr12 months · AED 95 per sqft
15 Sep 2018RentedNew contract
AED 128,000/yr12 months · AED 95 per sqft
23 Apr 2015Sold by developerOff-plan
AED 3,465,000AED 2,623 per sqft

Source: Dubai Land Department. Updated 5 September 2024.

Key facts

Type
2-bed apartment
Size
1,321 sqft
Floor
23rd of 84
Parking
B3-25
Developer
DAMAC
Completed
2018
Service charge
AED 21,400 /yr
Last sold
AED 3.47M · April 2015

About 2301, Damac Heights

2301 is a two-bedroom apartment of 1,321 sqft on the 23rd floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 23 April 2015 for AED 3,465,000, or AED 2,623 per sqft, in line with the AED 2,630 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 5 September 2024, is AED 155,000 a year: a gross yield of 4.5% on the 2015 price, before the service charge of about AED 21,400 a year.

Sales and rents for 2301 over time

Sales
Unit 2301, each saleTypical two-bed in Damac Heights
2M3M4M2009201420192024Typical sale price by year: 2009 AED 3,238,250; 2011 AED 1,937,100; 2012 AED 2,335,300; 2013 AED 3,447,450; 2014 AED 3,887,950; 2015 AED 3,500,000; 2016 AED 3,601,014; 2017 AED 2,927,386; 2018 AED 3,231,500; 2019 AED 2,704,000; 2020 AED 2,170,000; 2021 AED 2,249,700; 2022 AED 2,367,602; 2023 AED 2,600,000; 2024 AED 2,825,000; 2025 AED 2,825,000; 2026 AED 2,950,000Sold by developer, April 2015: AED 3,465,000 (AED 2,623 per sqft)

2301 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2301, each contractTypical two-bed in Damac Heights
150K2018202120242027Typical rent by year: 2018 AED 137,000; 2019 AED 132,500; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 140,000; 2023 AED 170,000; 2024 AED 177,989; 2025 AED 178,000; 2026 AED 167,500New contract, September 2018: AED 128,000 a yearRenewal, September 2019: AED 128,000 a yearNew contract, October 2021: AED 120,000 a yearRenewal, October 2022: AED 120,000 a yearRenewal, October 2023: AED 132,000 a yearNew contract, September 2024: AED 155,000 a yearNew contract, September 2024: AED 155,000 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 Damac Heights, and where 2301 sits

All 255 2-beds →

2301 last sold in April 2015 at AED 2,623 per sqft, in line with what two-beds in Damac Heights were fetching at the time (AED 2,630). Over the last 12 months two-beds sold for AED 1,437,480 to 3,335,000, around AED 2,012 per sqft, and rent for AED 94,745 to 395,000 a year. 2301's AED 155,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Oct 20262,852,887
30 Jul 20262,700,000
24 Jul 20263,100,000
7 Jul 20263,125,000
16 2-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 23rd floor

All 641 units in Damac Heights
Value
23021-bedAED 2.04M · Nov 2024
23031-bedAED 1.81M · Jun 2016
23041-bedAED 1.08M · Jul 2012
23052-bedAED 2.15M · Nov 2021
23062-bedAED 2.96M · Mar 2024
23072-bedAED 3.01M · Jan 2021
23081-bedAED 1.76M · Apr 2017
1–7 of 9

2301, Damac Heights in numbers

  • Sold once: by DAMAC on 23 April 2015 for AED 3,465,000, or AED 2,623 per sqft.
  • Rented since September 2018 on 7 Ejari contracts, from AED 128,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2015 price is 4.5%, before a service charge of about AED 21,400 a year (AED 16.18 per sqft).
  • Two-beds in Damac Heights sold for AED 1,437,480–3,335,000 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 5 September 2024.

Questions about 2301, Damac Heights

What did unit 2301 last sell for?

AED 3,465,000 on 23 April 2015, sold by the developer: AED 2,623 per sqft for 1,321 sqft. It is the only registered sale of the unit.

What is the rent for unit 2301?

AED 155,000 a year on the contract signed on 5 September 2024. The previous contract, from September 2024, was AED 155,000; the unit has been rented since September 2018.

How big is unit 2301?

1,321 sqft (122.7 sqm): a two-bedroom apartment on the 23rd floor of a 84-storey tower completed in 2018.

What is unit 2301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Damac Heights sold for AED 1,437,480 to 3,335,000 in the last 12 months, around AED 2,012 per sqft.

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Mortgage on 2301, Damac Heights

Starts from the last sale price (AED 3.47M, 23 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,465,000
Deposit, UAE resident (20%)
AED 693,000
Deposit, non-resident (40%)
AED 1,386,000
Monthly over 25 years at 3.7%
AED 14,176

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