1-bed · 880 sqftDamac Heights, Dubai Marina · 37th floor · completed 2018

3704, Damac Heights

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3704 · DLD and Ejari recordsUpdated 4 November 2022
Last soldAED 3.41M8 June 2009
Current rentAED 95K /yr4 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3704, Damac Heights

What is 3704 worth today?

Last sold for AED 3,405,000 in 2009

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4 Nov 2022RentedNew contract
AED 95,000/yr12 months · AED 108 per sqft
1 Nov 2021RentedRenewal
AED 72,000/yr12 months · AED 82 per sqft
1 Nov 2020RentedNew contract
AED 65,000/yr12 months · AED 74 per sqft
16 Dec 2019RentedNew contract
AED 83,000/yr12 months · AED 94 per sqft
8 Jun 2009Sold by developerOff-plan
AED 3,405,000AED 3,867 per sqft

Source: Dubai Land Department. Updated 4 November 2022.

Key facts

Type
1-bed apartment
Size
880 sqft
Floor
37th of 84
Parking
B1-19
Developer
DAMAC
Completed
2018
Service charge
AED 14,200 /yr
Last sold
AED 3.41M · June 2009

About 3704, Damac Heights

3704 is a one-bedroom apartment of 880 sqft on the 37th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 8 June 2009 for AED 3,405,000, or AED 3,867 per sqft, 17% above the AED 3,308 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 4 November 2022, is AED 95,000 a year: a gross yield of 2.8% on the 2009 price, before the service charge of about AED 14,200 a year.

Sales and rents for 3704 over time

Sales
Unit 3704, each saleTypical one-bed in Damac Heights
2M2009201420192024Typical 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, June 2009: AED 3,405,000 (AED 3,867 per sqft)

3704 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3704, 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, December 2019: AED 83,000 a yearNew contract, November 2020: AED 65,000 a yearRenewal, November 2021: AED 72,000 a yearNew contract, November 2022: AED 95,000 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 3704 sits

All 285 1-beds →

3704 last sold in June 2009 at AED 3,867 per sqft, 17% above what one-beds in Damac Heights were fetching at the time (AED 3,308). 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. 3704's AED 95,000 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 37th floor

All 641 units in Damac Heights
Value
37012-bedAED 2.73M · Mar 2018
37021-bedAED 2.35M · Nov 2016
37031-bedAED 3.25M · Jun 2009
37053-bedAED 4.54M · Dec 2013
37062-bedAED 2.13M · Nov 2019
37072-bedAED 2.4M · Dec 2021
37081-bedAED 2.41M · Mar 2014
1–7 of 9

3704, Damac Heights in numbers

  • Sold once: by DAMAC on 8 June 2009 for AED 3,405,000, or AED 3,867 per sqft.
  • Rented since December 2019 on 4 Ejari contracts. The rent fell from AED 83,000 to AED 65,000 in 2020 and recovered to AED 95,000 by November 2022.
  • At AED 95,000 a year the gross yield on the 2009 price is 2.8%, before a service charge of about AED 14,200 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 4 November 2022.

Questions about 3704, Damac Heights

What did unit 3704 last sell for?

AED 3,405,000 on 8 June 2009, sold by the developer: AED 3,867 per sqft for 880 sqft. It is the only registered sale of the unit.

What is the rent for unit 3704?

AED 95,000 a year on the contract signed on 4 November 2022. The previous contract, from November 2021, was AED 72,000; the unit has been rented since December 2019.

How big is unit 3704?

880 sqft (81.8 sqm): a one-bedroom apartment on the 37th floor of a 84-storey tower completed in 2018.

What is unit 3704 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 3704, Damac Heights

Starts from the last sale price (AED 3.41M, 8 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 3,405,000
Deposit, UAE resident (20%)
AED 681,000
Deposit, non-resident (40%)
AED 1,362,000
Monthly over 25 years at 3.7%
AED 13,931

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