2-bed · 1,340 sqftDamac Heights, Dubai Marina · 31st floor · completed 2018

3101, Damac Heights

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

Unit 3101 · DLD and Ejari recordsUpdated 17 October 2022
Last soldAED 3.31M13 April 2016
Current rentAED 190K /yr17 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3101, Damac Heights

What is 3101 worth today?

Last sold for AED 3,307,200 in 2016

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17 Oct 2022RentedNew contract
AED 190,000/yr12 months · AED 142 per sqft
12 Jan 2020RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft
30 Aug 2019RentedRenewal
AED 124,286/yr6 months · AED 93 per sqft
30 Aug 2018RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
13 Apr 2016Sold by developerOff-plan
AED 3,307,200AED 2,468 per sqft

Source: Dubai Land Department. Updated 17 October 2022.

Key facts

Type
2-bed apartment
Size
1,340 sqft
Floor
31st of 84
Parking
B2-25
Developer
DAMAC
Completed
2018
Service charge
AED 21,700 /yr
Last sold
AED 3.31M · April 2016

About 3101, Damac Heights

3101 is a two-bedroom apartment of 1,340 sqft on the 31st floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 13 April 2016 for AED 3,307,200, or AED 2,468 per sqft, 7% below the AED 2,654 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 17 October 2022, is AED 190,000 a year: a gross yield of 5.8% on the 2016 price, before the service charge of about AED 21,700 a year.

Sales and rents for 3101 over time

Sales
Unit 3101, 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 2016: AED 3,307,200 (AED 2,468 per sqft)

3101 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3101, each contractTypical two-bed in Damac Heights
150K200K2018202120242027Typical 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 2018: AED 125,000 a yearRenewal, August 2019: AED 124,286 a yearNew contract, January 2020: AED 120,000 a yearNew contract, October 2022: AED 190,000 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 3101 sits

All 255 2-beds →

3101 last sold in April 2016 at AED 2,468 per sqft, 7% below what two-beds in Damac Heights were fetching at the time (AED 2,654). 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. 3101's AED 190,000 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 31st floor

All 641 units in Damac Heights
Value
31021-bedAED 2.7M · Feb 2013
31031-bedAED 2.11M · Mar 2014
31041-bedAED 1.67M · Nov 2022
31053-bedAED 3.8M · Feb 2024
31062-bedAED 3.69M · Aug 2014
31072-bedAED 3.23M · Apr 2017
31081-bedAED 1.87M · Nov 2024
1–7 of 9

3101, Damac Heights in numbers

  • Sold once: by DAMAC on 13 April 2016 for AED 3,307,200, or AED 2,468 per sqft.
  • Rented since August 2018 on 4 Ejari contracts, from AED 125,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2016 price is 5.8%, before a service charge of about AED 21,700 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 17 October 2022.

Questions about 3101, Damac Heights

What did unit 3101 last sell for?

AED 3,307,200 on 13 April 2016, sold by the developer: AED 2,468 per sqft for 1,340 sqft. It is the only registered sale of the unit.

What is the rent for unit 3101?

AED 190,000 a year on the contract signed on 17 October 2022. The previous contract, from January 2020, was AED 120,000; the unit has been rented since August 2018.

How big is unit 3101?

1,340 sqft (124.5 sqm): a two-bedroom apartment on the 31st floor of a 84-storey tower completed in 2018.

What is unit 3101 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 3101, Damac Heights

Starts from the last sale price (AED 3.31M, 13 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,307,200
Deposit, UAE resident (20%)
AED 661,440
Deposit, non-resident (40%)
AED 1,322,880
Monthly over 25 years at 3.7%
AED 13,531

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