3-bed · 1,948 sqftDamac Heights, Dubai Marina · 37th floor · completed 2018

3705, Damac Heights

Sold prices and rental history: sold once, by the developer in December 2013, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3705 · DLD and Ejari recordsUpdated 31 October 2022
Last soldAED 4.54M18 December 2013
Current rentAED 200K /yr31 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3705, Damac Heights

What is 3705 worth today?

Last sold for AED 4,540,200 in 2013

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31 Oct 2022RentedRenewal
AED 200,000/yr12 months · AED 103 per sqft
31 Oct 2021RentedNew contract
AED 175,000/yr12 months · AED 90 per sqft
5 Nov 2020RentedNew contract
AED 125,000/yr12 months · AED 64 per sqft
18 Dec 2013Sold by developerOff-plan
AED 4,540,200AED 2,331 per sqft

Source: Dubai Land Department. Updated 31 October 2022.

Key facts

Type
3-bed apartment
Size
1,948 sqft
Floor
37th of 84
Parking
B1-05
Developer
DAMAC
Completed
2018
Service charge
AED 31,500 /yr
Last sold
AED 4.54M · December 2013

About 3705, Damac Heights

3705 is a three-bedroom apartment of 1,948 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 18 December 2013 for AED 4,540,200, or AED 2,331 per sqft, 9% below the AED 2,555 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 31 October 2022, is AED 200,000 a year: a gross yield of 4.4% on the 2013 price, before the service charge of about AED 31,500 a year.

Sales and rents for 3705 over time

Sales
Unit 3705, each saleTypical three-bed in Damac Heights
2M4M6M2013201720212025Typical sale price by year: 2013 AED 4,900,025; 2014 AED 6,334,750; 2015 AED 5,707,000; 2017 AED 3,875,938; 2018 AED 4,794,500; 2019 AED 4,256,000; 2020 AED 3,108,680; 2021 AED 2,482,715; 2022 AED 3,133,000; 2023 AED 3,050,000; 2024 AED 3,650,000; 2025 AED 3,925,175; 2026 AED 3,700,000Sold by developer, December 2013: AED 4,540,200 (AED 2,331 per sqft)

3705 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3705, each contractTypical three-bed in Damac Heights
200K2018202120242027Typical rent by year: 2018 AED 180,000; 2019 AED 180,000; 2020 AED 145,000; 2021 AED 152,500; 2022 AED 170,000; 2023 AED 211,435; 2024 AED 230,000; 2025 AED 238,000; 2026 AED 220,000New contract, November 2020: AED 125,000 a yearNew contract, October 2021: AED 175,000 a yearRenewal, October 2022: AED 200,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Damac Heights, and where 3705 sits

All 90 3-beds →

3705 last sold in December 2013 at AED 2,331 per sqft, 9% below what three-beds in Damac Heights were fetching at the time (AED 2,555). Over the last 12 months three-beds sold for AED 2,200,000 to 4,501,860, around AED 1,898 per sqft, and rent for AED 117,466 to 516,176 a year. 3705's AED 200,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Oct 20262,200,000
18 Sep 20263,750,000
17 Sep 20263,650,000
10 Aug 20264,501,860
10 3-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
37041-bedAED 3.41M · Jun 2009
37062-bedAED 2.13M · Nov 2019
37072-bedAED 2.4M · Dec 2021
37081-bedAED 2.41M · Mar 2014
1–7 of 9

3705, Damac Heights in numbers

  • Sold once: by DAMAC on 18 December 2013 for AED 4,540,200, or AED 2,331 per sqft.
  • Rented since November 2020 on 3 Ejari contracts, from AED 125,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2013 price is 4.4%, before a service charge of about AED 31,500 a year (AED 16.18 per sqft).
  • Three-beds in Damac Heights sold for AED 2,200,000–4,501,860 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 31 October 2022.

Questions about 3705, Damac Heights

What did unit 3705 last sell for?

AED 4,540,200 on 18 December 2013, sold by the developer: AED 2,331 per sqft for 1,948 sqft. It is the only registered sale of the unit.

What is the rent for unit 3705?

AED 200,000 a year on the contract renewed on 31 October 2022. The previous contract, from October 2021, was AED 175,000; the unit has been rented since November 2020.

How big is unit 3705?

1,948 sqft (181.0 sqm): a three-bedroom apartment on the 37th floor of a 84-storey tower completed in 2018.

What is unit 3705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Damac Heights sold for AED 2,200,000 to 4,501,860 in the last 12 months, around AED 1,898 per sqft.

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Mortgage on 3705, Damac Heights

Starts from the last sale price (AED 4.54M, 18 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,540,200
Deposit, UAE resident (20%)
AED 908,040
Deposit, non-resident (40%)
AED 1,816,080
Monthly over 25 years at 3.7%
AED 18,575

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