2-bed · 1,741 sqftDamac Heights, Dubai Marina · 23rd floor · completed 2018

2305, Damac Heights

Sold prices and rental history: sold once, by the developer in November 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2305 · DLD and Ejari recordsUpdated 3 November 2021
Last soldAED 2.15M3 November 2021
Current rentAED 120K /yr27 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2305, Damac Heights

What is 2305 worth today?

Last sold for AED 2,150,000 in 2021

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3 Nov 2021Sold by developerReady
AED 2,150,000AED 1,234 per sqft
27 Aug 2021RentedRenewal
AED 120,000/yr12 months · AED 69 per sqft
27 Aug 2020RentedNew contract
AED 120,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 3 November 2021.

Key facts

Type
2-bed apartment
Size
1,741 sqft
Floor
23rd of 84
Parking
B3-29
Developer
DAMAC
Completed
2018
Service charge
AED 28,200 /yr
Last sold
AED 2.15M · November 2021

About 2305, Damac Heights

2305 is a two-bedroom apartment of 1,741 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 3 November 2021 for AED 2,150,000, or AED 1,234 per sqft, 5% below the AED 1,302 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 27 August 2021, is AED 120,000 a year: a gross yield of 5.6% on the 2021 price, before the service charge of about AED 28,200 a year.

Sales and rents for 2305 over time

Sales
Unit 2305, 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, November 2021: AED 2,150,000 (AED 1,234 per sqft)

2305 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2305, 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, August 2020: AED 120,000 a yearRenewal, August 2021: AED 120,000 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 2305 sits

All 255 2-beds →

2305 last sold in November 2021 at AED 1,234 per sqft, 5% below what two-beds in Damac Heights were fetching at the time (AED 1,302). 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. 2305's AED 120,000 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
23012-bedAED 3.47M · Apr 2015
23021-bedAED 2.04M · Nov 2024
23031-bedAED 1.81M · Jun 2016
23041-bedAED 1.08M · Jul 2012
23062-bedAED 2.96M · Mar 2024
23072-bedAED 3.01M · Jan 2021
23081-bedAED 1.76M · Apr 2017
1–7 of 9

2305, Damac Heights in numbers

  • Sold once: by DAMAC on 3 November 2021 for AED 2,150,000, or AED 1,234 per sqft.
  • Rented since August 2020 on 2 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2021 price is 5.6%, before a service charge of about AED 28,200 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 3 November 2021.

Questions about 2305, Damac Heights

What did unit 2305 last sell for?

AED 2,150,000 on 3 November 2021, sold by the developer: AED 1,234 per sqft for 1,741 sqft. It is the only registered sale of the unit.

What is the rent for unit 2305?

AED 120,000 a year on the contract renewed on 27 August 2021. The previous contract, from August 2020, was AED 120,000.

How big is unit 2305?

1,741 sqft (161.7 sqm): a two-bedroom apartment on the 23rd floor of a 84-storey tower completed in 2018.

What is unit 2305 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 2305, Damac Heights

Starts from the last sale price (AED 2.15M, 3 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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