2-bed · 1,661 sqftDamac Heights, Dubai Marina · 59th floor · completed 2018

5901, Damac Heights

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5901 · DLD and Ejari recordsUpdated 22 February 2023
Last soldAED 3.2M22 February 2023
Current rentAED 135K /yr2 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5901, Damac Heights

What is 5901 worth today?

Last sold for AED 3,200,000 in 2023

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22 Feb 2023SoldReady
AED 3,200,000AED 1,926 per sqft
2 Mar 2022RentedRenewal
AED 135,000/yr12 months · AED 81 per sqft
2 Mar 2021RentedNew contract
AED 130,000/yr12 months · AED 78 per sqft
30 Jun 2020RentedNew contract
AED 130,000/yr12 months · AED 78 per sqft
15 Apr 2020RentedNew contract
AED 125,000/yr12 months · AED 75 per sqft
22 Jun 2016Sold by developerOff-plan
AED 4,697,000AED 4,877 per sqft

Source: Dubai Land Department. Updated 22 February 2023.

Key facts

Type
2-bed apartment
Size
1,661 sqft
Floor
59th of 84
Parking
P3-47
Developer
DAMAC
Completed
2018
Service charge
AED 26,900 /yr
Last sold
AED 3.2M · February 2023

About 5901, Damac Heights

5901 is a two-bedroom apartment of 1,661 sqft on the 59th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 22 February 2023 for AED 3,200,000, or AED 1,926 per sqft, 20% above the AED 1,605 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 2 March 2022, is AED 135,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 26,900 a year.

Sales and rents for 5901 over time

Sales
Unit 5901, each saleTypical two-bed in Damac Heights
2M4M2009201420192024Typical 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, June 2016: AED 4,697,000 (AED 4,877 per sqft)Sold, February 2023: AED 3,200,000 (AED 1,926 per sqft)

5901 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5901, 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, April 2020: AED 125,000 a yearNew contract, June 2020: AED 130,000 a yearNew contract, March 2021: AED 130,000 a yearRenewal, March 2022: AED 135,000 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 5901 sits

All 255 2-beds →

5901 last sold in February 2023 at AED 1,926 per sqft, 20% above what two-beds in Damac Heights were fetching at the time (AED 1,605). 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. 5901's AED 135,000 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 59th floor

All 641 units in Damac Heights
Value
59021-bedAED 1.89M · Jun 2025
59032-bedAED 3.62M · Jul 2015
59042-bedAED 3M · Mar 2023
59051-bedAED 1.53M · Nov 2021
59062-bedAED 2.83M · May 2021
59071-bedAED 1.95M · Jul 2024
59081-bedAED 2.22M · Aug 2015
1–7 of 8

5901, Damac Heights in numbers

  • Sold twice: first on 22 June 2016 for AED 4,697,000, last on 22 February 2023 for AED 3,200,000 (AED 1,926 per sqft).
  • Rented since April 2020 on 4 Ejari contracts, from AED 125,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 26,900 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 22 February 2023.

Questions about 5901, Damac Heights

What did unit 5901 last sell for?

AED 3,200,000 on 22 February 2023: AED 1,926 per sqft for 1,661 sqft. The unit has 2 registered sales; the first was AED 4,697,000 in June 2016.

What is the rent for unit 5901?

AED 135,000 a year on the contract renewed on 2 March 2022. The previous contract, from March 2021, was AED 130,000; the unit has been rented since April 2020.

How big is unit 5901?

1,661 sqft (154.3 sqm): a two-bedroom apartment on the 59th floor of a 84-storey tower completed in 2018.

What is unit 5901 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 5901, Damac Heights

Starts from the last sale price (AED 3.2M, 22 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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