2-bed · 1,522 sqftDream Towers 1, Dubai Marina · 5th floor · completed 2009

514, Dream Towers 1

Sold prices and rental history: no registered sale, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 1 May 2024
Current rentAED 85K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 514, Dream Towers 1

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1 May 2024RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
1 May 2024RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
1 May 2023RentedNew contract
AED 75,000/yr12 months · AED 49 per sqft
20 Nov 2021RentedRenewal
AED 58,000/yr13 months · AED 38 per sqft
20 Nov 2020RentedNew contract
AED 58,000/yr12 months · AED 38 per sqft
1 Jan 2017RentedNew contract
AED 95,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
2-bed apartment
Size
1,522 sqft
Floor
5th of 29
Parking
B2-F514
Developer
Desert Dream Investments & Development Properties
Completed
2009
Service charge
AED 34,100 /yr
Last sold
No registered sale

About 514, Dream Towers 1

514 is a two-bedroom apartment of 1,522 sqft on the 5th floor of Dream Towers 1, a 29-storey tower in Dubai Marina completed in 2009 by Desert Dream Investments & Development Properties. No sale of the unit is registered with the Dubai Land Department.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 May 2024, is AED 85,000 a year, before the service charge of about AED 34,100 a year.

Sales and rents for 514 over time

Rents
Unit 514, each contractTypical two-bed in Dream Towers 1
50K75K100K2013201720212025Typical rent by year: 2013 AED 80,000; 2014 AED 90,000; 2015 AED 91,500; 2016 AED 100,000; 2017 AED 95,000; 2018 AED 88,000; 2019 AED 80,000; 2020 AED 71,000; 2021 AED 55,001; 2022 AED 59,000; 2023 AED 72,850; 2024 AED 84,180; 2025 AED 85,000; 2026 AED 85,000New contract, January 2017: AED 95,000 a yearNew contract, November 2020: AED 58,000 a yearRenewal, November 2021: AED 58,000 a yearNew contract, May 2023: AED 75,000 a yearNew contract, May 2024: AED 85,000 a yearNew contract, May 2024: AED 85,000 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 Dream Towers 1, and where 514 sits

All 126 2-beds →

514's AED 85,000 is in the lower half of that range.

0 2-bed sales in the last 12 months

Dream Towers 1

Building

359 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%
Dream Towers 1, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 359 units in Dream Towers 1
Value
5011-bedAED 610K · Oct 2012
5021-bedAED 420K · Mar 2012
5031-bedAED 900K · Oct 2024
5041-bedAED 800K · Apr 2024
5051-bedAED 985K · Oct 2025
5062-bedNo registered sale
5072-bedNo registered sale
1–7 of 13

514, Dream Towers 1 in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since January 2017 on 6 Ejari contracts. The rent fell from AED 95,000 to AED 58,000 in 2021 and recovered to AED 85,000 by May 2024.

Source: Dubai Land Department. Updated 1 May 2024.

Questions about 514, Dream Towers 1

What is the rent for unit 514?

AED 85,000 a year on the contract signed on 1 May 2024. The previous contract, from May 2024, was AED 85,000; the unit has been rented since January 2017.

How big is unit 514?

1,522 sqft (141.4 sqm): a two-bedroom apartment on the 5th floor of a 29-storey tower completed in 2009.

What is unit 514 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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