2-bed · 1,881 sqftDamac Heights, Dubai Marina · 37th floor · completed 2018

3707, Damac Heights

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

Unit 3707 · DLD and Ejari recordsUpdated 5 September 2022
Last soldAED 2.4M7 December 2021
Current rentAED 113K /yr5 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3707, Damac Heights

What is 3707 worth today?

Last sold for AED 2,404,630 in 2021

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5 Sep 2022RentedRenewal
AED 112,763/yr1 months · AED 60 per sqft
7 Dec 2021Sold by developerReady
AED 2,404,630AED 1,278 per sqft
5 Sep 2021RentedRenewal
AED 125,000/yr12 months · AED 66 per sqft
5 Sep 2020RentedNew contract
AED 125,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 5 September 2022.

Key facts

Type
2-bed apartment
Size
1,881 sqft
Floor
37th of 84
Parking
B1-07
Developer
DAMAC
Completed
2018
Service charge
AED 30,400 /yr
Last sold
AED 2.4M · December 2021

About 3707, Damac Heights

3707 is a two-bedroom apartment of 1,881 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 7 December 2021 for AED 2,404,630, or AED 1,278 per sqft, in line with the AED 1,301 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 5 September 2022, is AED 112,763 a year: a gross yield of 4.7% on the 2021 price, before the service charge of about AED 30,400 a year.

Sales and rents for 3707 over time

Sales
Unit 3707, 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, December 2021: AED 2,404,630 (AED 1,278 per sqft)

3707 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3707, 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 2020: AED 125,000 a yearRenewal, September 2021: AED 125,000 a yearRenewal, September 2022: AED 112,763 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 3707 sits

All 255 2-beds →

3707 last sold in December 2021 at AED 1,278 per sqft, in line with what two-beds in Damac Heights were fetching at the time (AED 1,301). 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. 3707's AED 112,763 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 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
37053-bedAED 4.54M · Dec 2013
37062-bedAED 2.13M · Nov 2019
37081-bedAED 2.41M · Mar 2014
1–7 of 9

3707, Damac Heights in numbers

  • Sold once: by DAMAC on 7 December 2021 for AED 2,404,630, or AED 1,278 per sqft.
  • Rented since September 2020 on 3 Ejari contracts, from AED 125,000 to AED 112,763 a year.
  • At AED 112,763 a year the gross yield on the 2021 price is 4.7%, before a service charge of about AED 30,400 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 2022.

Questions about 3707, Damac Heights

What did unit 3707 last sell for?

AED 2,404,630 on 7 December 2021, sold by the developer: AED 1,278 per sqft for 1,881 sqft. It is the only registered sale of the unit.

What is the rent for unit 3707?

AED 112,763 a year on the contract renewed on 5 September 2022. The previous contract, from September 2021, was AED 125,000; the unit has been rented since September 2020.

How big is unit 3707?

1,881 sqft (174.8 sqm): a two-bedroom apartment on the 37th floor of a 84-storey tower completed in 2018.

What is unit 3707 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 3707, Damac Heights

Starts from the last sale price (AED 2.4M, 7 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,404,630
Deposit, UAE resident (20%)
AED 480,926
Deposit, non-resident (40%)
AED 961,852
Monthly over 25 years at 3.7%
AED 9,838

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