1501, Dream Towers 1
Sold prices and rental history: sold 5 times, last in October 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Dream Towers 1
What is 1501 worth today?
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Source: Dubai Land Department. Updated 3 October 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 679 sqft
- Floor
- 15th of 29
- Parking
- B2-F1501
- Developer
- Desert Dream Investments & Development Properties
- Completed
- 2009
- Service charge
- AED 15,200 /yr
- Last sold
- AED 610K · October 2022
- Building
- Dream Towers 1
About 1501, Dream Towers 1
1501 is a one-bedroom apartment of 679 sqft on the 15th floor of Dream Towers 1, a 29-storey tower in Dubai Marina completed in 2009 by Desert Dream Investments & Development Properties. It last sold on 3 October 2022 for AED 610,000, or AED 898 per sqft, 8% above the AED 829 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 1 August 2019, is AED 55,000 a year: a gross yield of 9.0% on the 2022 price, before the service charge of about AED 15,200 a year.
Sales and rents for 1501 over time
1501 has sold 5 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Dream Towers 1, and where 1501 sits
All 231 1-beds →1501 last sold in October 2022 at AED 898 per sqft, 8% above what one-beds in Dream Towers 1 were fetching at the time (AED 829). Over the last 12 months one-beds sold for AED 900,000 to 1,150,000, around AED 1,352 per sqft, and rent for AED 52,000 to 170,002 a year. 1501's AED 55,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Aug 20264 August 2026 | 694 sqft | 900,000 | 1,297 | ||
| 10 Mar 202610 March 2026 | 782 sqft | 1,100,000 | 1,406 | ||
| 2 Feb 20262 February 2026 | 678 sqft | 1,150,000 | 1,696 | ||
| 17 Nov 202517 November 2025 | 779 sqft | 1,000,000 | 1,284 |
Dream Towers 1
Building359 apartments, 1-bed to 4-bed over 29 floors in Dubai Marina, completed in 2009 by Desert Dream Investments & Development Properties. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,352
- Typical sale
- AED 1.05M
- Typical rent
- AED 75K /yr
- Typical yield
- 6.0%
Other units on the 15th floor
All 359 units in Dream Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 774 sqft | AED 972KAED 971,584 · Dec 2024December 2024 | 77,000 /yr | |
| 1503 | 1-bed | 789 sqft | AED 1.1MAED 1,100,000 · Mar 2014March 2014 | 75,000 /yr | |
| 1504 | 1-bed | 731 sqft | AED 412KAED 412,000 · Nov 2010November 2010 | 72,000 /yr | |
| 1505 | 1-bed | 694 sqft | AED 545KAED 545,000 · Oct 2022October 2022 | 63,000 /yr | |
| 1506 | 2-bed | 1,251 sqft | No registered sale | 82,000 /yr | |
| 1507 | 2-bed | 1,251 sqft | No registered sale | 82,583 /yr | |
| 1508 | 1-bed | 678 sqft | AED 454KAED 454,000 · Aug 2010August 2010 | 66,240 /yr | |
| 1509 | 1-bed | 729 sqft | AED 860KAED 860,000 · Nov 2024November 2024 | 68,000 /yr | |
| 1510 | 1-bed | 798 sqft | AED 625KAED 625,000 · May 2011May 2011 | 68,000 /yr | |
| 1511 | 1-bed | 779 sqft | AED 458KAED 458,000 · Jul 2010July 2010 | 70,000 /yr | |
| 1512 | 1-bed | 637 sqft | AED 550KAED 550,000 · Nov 2022November 2022 | 75,000 /yr | |
| 1513 | 2-bed | 1,522 sqft | No registered sale | 90,000 /yr | |
| 1514 | 2-bed | 1,522 sqft | No registered sale | 76,650 /yr |
1501, Dream Towers 1 in numbers
- Sold 5 times: first on 16 September 2010 for AED 305,349, last on 3 October 2022 for AED 610,000 (AED 898 per sqft).
- Rented since December 2014 on 4 Ejari contracts, from AED 74,599 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2022 price is 9.0%, before a service charge of about AED 15,200 a year (AED 22.41 per sqft).
- One-beds in Dream Towers 1 sold for AED 900,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,352 per sqft.
Source: Dubai Land Department. Updated 3 October 2022.
Questions about 1501, Dream Towers 1
What did unit 1501 last sell for?
AED 610,000 on 3 October 2022: AED 898 per sqft for 679 sqft. The unit has 5 registered sales; the first was AED 305,349 in September 2010.
What is the rent for unit 1501?
AED 55,000 a year on the contract renewed on 1 August 2019. The previous contract, from August 2018, was AED 60,000; the unit has been rented since December 2014.
How big is unit 1501?
679 sqft (63.1 sqm): a one-bedroom apartment on the 15th floor of a 29-storey tower completed in 2009.
What is unit 1501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Dream Towers 1 sold for AED 900,000 to 1,150,000 in the last 12 months, around AED 1,352 per sqft.
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Mortgage on 1501, Dream Towers 1
Starts from the last sale price (AED 610K, 3 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 610,000
- Deposit, UAE resident (20%)
- AED 122,000
- Deposit, non-resident (40%)
- AED 244,000
- Monthly over 25 years at 3.7%
- AED 2,496
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →