3-bed · 2,018 sqftDorra Bay Tower, Dubai Marina · 7th floor · completed 2008

703, Dorra Bay Tower

Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 8 August 2021
Last soldAED 1.58M8 August 2021
Current rentAED 164K /yr25 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Dorra Bay Tower

What is 703 worth today?

Last sold for AED 1,575,000 in 2021

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8 Aug 2021SoldReady
AED 1,575,000AED 780 per sqft
25 May 2018RentedRenewal
AED 164,000/yr12 months · AED 81 per sqft
25 May 2017RentedRenewal
AED 164,000/yr12 months · AED 81 per sqft
25 May 2016RentedRenewal
AED 152,500/yr12 months · AED 76 per sqft
25 May 2015RentedNew contract
AED 152,500/yr12 months · AED 76 per sqft
25 May 2014RentedRenewal
AED 148,000/yr12 months · AED 73 per sqft
25 May 2013RentedNew contract
AED 141,500/yr12 months · AED 70 per sqft
25 May 2012RentedNew contract
AED 141,500/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 8 August 2021.

Key facts

Type
3-bed apartment
Size
2,018 sqft
Floor
7th of 21
Parking
100B/101B
Developer
Cayan Real Estate Investment & Development
Completed
2008
Service charge
AED 42,300 /yr
Last sold
AED 1.58M · August 2021

About 703, Dorra Bay Tower

703 is a three-bedroom apartment of 2,018 sqft on the 7th floor of Dorra Bay Tower, a 21-storey tower in Dubai Marina completed in 2008 by Cayan Real Estate Investment & Development. It last sold on 8 August 2021 for AED 1,575,000, or AED 780 per sqft, in line with the AED 780 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 25 May 2018, is AED 164,000 a year: a gross yield of 10.4% on the 2021 price, before the service charge of about AED 42,300 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical three-bed in Dorra Bay Tower
2M3M2009201420192024Typical sale price by year: 2009 AED 1,520,668; 2011 AED 1,787,500; 2012 AED 1,925,000; 2013 AED 2,500,000; 2014 AED 2,860,000; 2015 AED 1,821,123; 2019 AED 1,487,500; 2020 AED 1,550,000; 2021 AED 2,187,500; 2022 AED 1,823,500; 2023 AED 2,200,000; 2025 AED 2,850,000; 2026 AED 2,830,000Sold, August 2021: AED 1,575,000 (AED 780 per sqft)

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

Rents
Unit 703, each contractTypical three-bed in Dorra Bay Tower
150K2012201620202024Typical rent by year: 2012 AED 135,750; 2013 AED 150,000; 2014 AED 165,000; 2015 AED 162,500; 2016 AED 165,000; 2017 AED 164,000; 2018 AED 150,000; 2019 AED 120,000; 2020 AED 117,500; 2021 AED 120,000; 2022 AED 126,500; 2023 AED 139,150; 2024 AED 170,000; 2025 AED 184,000; 2026 AED 175,000New contract, May 2012: AED 141,500 a yearNew contract, May 2013: AED 141,500 a yearRenewal, May 2014: AED 148,000 a yearNew contract, May 2015: AED 152,500 a yearRenewal, May 2016: AED 152,500 a yearRenewal, May 2017: AED 164,000 a yearRenewal, May 2018: AED 164,000 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 Dorra Bay Tower, and where 703 sits

All 49 3-beds →

703 last sold in August 2021 at AED 780 per sqft, in line with what three-beds in Dorra Bay Tower were fetching at the time (AED 780). Over the last 12 months three-beds sold for AED 2,675,000 to 3,300,000, around AED 1,465 per sqft, and rent for AED 80,000 to 199,446 a year. 703's AED 164,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
30 Mar 20263,300,000
26 Mar 20262,675,000
24 Mar 20262,750,000
19 Jan 20262,910,000
4 3-bed sales in the last 12 months

Dorra Bay Tower

Building

189 apartments, 1-bed to 4-bed over 21 floors in Dubai Marina, completed in 2008 by Cayan Real Estate Investment & Development. 17 sold in the last 12 months.

Typical price per sqft
AED 1,488 Up 3.6%
Typical sale
AED 2.18M
Typical rent
AED 105K /yr
Typical yield
6.4%
Dorra Bay Tower, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 189 units in Dorra Bay Tower
Value
7013-bedAED 2.86M · Mar 2014
7022-bedAED 2.48M · Oct 2024
7042-bedAED 1.63M · May 2017
7053-bedAED 1.95M · Dec 2022
7062-bedAED 1.56M · Jul 2018
7073-bedAED 2.12M · Nov 2022
7082-bedAED 864K · Apr 2009

703, Dorra Bay Tower in numbers

  • Sold twice: first on 27 October 2009 for AED 73,984, last on 8 August 2021 for AED 1,575,000 (AED 780 per sqft).
  • Rented since May 2012 on 7 Ejari contracts, from AED 141,500 to AED 164,000 a year.
  • At AED 164,000 a year the gross yield on the 2021 price is 10.4%, before a service charge of about AED 42,300 a year (AED 20.98 per sqft).
  • Three-beds in Dorra Bay Tower sold for AED 2,675,000–3,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,488 per sqft.

Source: Dubai Land Department. Updated 8 August 2021.

Questions about 703, Dorra Bay Tower

What did unit 703 last sell for?

AED 1,575,000 on 8 August 2021: AED 780 per sqft for 2,018 sqft. The unit has 2 registered sales; the first was AED 73,984 in October 2009.

What is the rent for unit 703?

AED 164,000 a year on the contract renewed on 25 May 2018. The previous contract, from May 2017, was AED 164,000; the unit has been rented since May 2012.

How big is unit 703?

2,018 sqft (187.5 sqm): a three-bedroom apartment on the 7th floor of a 21-storey tower completed in 2008.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Dorra Bay Tower sold for AED 2,675,000 to 3,300,000 in the last 12 months, around AED 1,465 per sqft.

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Mortgage on 703, Dorra Bay Tower

Starts from the last sale price (AED 1.58M, 8 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,575,000
Deposit, UAE resident (20%)
AED 315,000
Deposit, non-resident (40%)
AED 630,000
Monthly over 25 years at 3.7%
AED 6,444

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