2-bed · 2,615 sqftEmirates Crown Tower, Dubai Marina · 5th floor · completed 2008

503, Emirates Crown Tower

Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 3M21 June 2023
Current rentAED 230K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Emirates Crown Tower

What is 503 worth today?

Last sold for AED 3,000,000 in 2023

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1 Apr 2024RentedNew contract
AED 230,000/yr12 months · AED 88 per sqft
1 Apr 2024RentedNew contract
AED 230,000/yr12 months · AED 88 per sqft
21 Jun 2023SoldReady
AED 3,000,000AED 1,147 per sqft
27 Feb 2020SoldReady
AED 1,670,000AED 638 per sqft
1 Oct 2018RentedRenewal
AED 155,000/yr12 months · AED 59 per sqft
1 Oct 2016RentedNew contract
AED 170,000/yr12 months · AED 65 per sqft
1 Oct 2015RentedNew contract
AED 170,000/yr12 months · AED 65 per sqft
9 Jun 2014SoldReady
AED 4,485,000AED 1,715 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
2-bed apartment
Size
2,615 sqft
Floor
5th of 59
Parking
B2-31
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 33,600 /yr
Last sold
AED 3M · June 2023

About 503, Emirates Crown Tower

503 is a two-bedroom apartment of 2,615 sqft on the 5th floor of Emirates Crown Tower, a 59-storey tower in Dubai Marina completed in 2008 by Vakson First Property Development . It last sold on 21 June 2023 for AED 3,000,000, or AED 1,147 per sqft, 40% above the AED 819 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 1 April 2024, is AED 230,000 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 33,600 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in Emirates Crown Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 2,087,532; 2010 AED 2,150,000; 2011 AED 2,139,272; 2012 AED 1,970,625; 2013 AED 2,600,000; 2014 AED 3,885,000; 2015 AED 2,500,000; 2016 AED 2,400,000; 2017 AED 2,500,000; 2018 AED 2,330,685; 2021 AED 1,660,805; 2022 AED 1,810,490; 2023 AED 2,720,000; 2024 AED 3,150,000; 2025 AED 3,450,000Sold by developer, April 2009: AED 2,079,228 (AED 795 per sqft)Sold, June 2014: AED 4,485,000 (AED 1,715 per sqft)Sold, February 2020: AED 1,670,000 (AED 638 per sqft)Sold, June 2023: AED 3,000,000 (AED 1,147 per sqft)

503 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 503, each contractTypical two-bed in Emirates Crown Tower
100K200K20112015201920232027Typical rent by year: 2011 AED 155,000; 2012 AED 140,000; 2013 AED 150,000; 2014 AED 157,500; 2015 AED 162,500; 2016 AED 169,000; 2017 AED 160,000; 2018 AED 141,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 105,000; 2022 AED 124,900; 2023 AED 142,500; 2024 AED 185,000; 2025 AED 190,000; 2026 AED 170,000New contract, May 2014: AED 174,990 a yearNew contract, October 2015: AED 170,000 a yearNew contract, October 2016: AED 170,000 a yearRenewal, October 2018: AED 155,000 a yearNew contract, April 2024: AED 230,000 a yearNew contract, April 2024: AED 230,000 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 Emirates Crown Tower, and where 503 sits

All 76 2-beds →

503 last sold in June 2023 at AED 1,147 per sqft, 40% above what two-beds in Emirates Crown Tower were fetching at the time (AED 819). 503's AED 230,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Oct 20253,190,000
4 Aug 20253,900,000
28 May 20253,150,000
20 May 20253,091,000
0 2-bed sales in the last 12 months

Emirates Crown Tower

Building

238 apartments, 1-bed to 5-bed over 59 floors in Dubai Marina, completed in 2008 by Vakson First Property Development . 3 sold in the last 12 months.

Typical price per sqft
AED 1,313
Typical sale
AED 5.1M
Typical rent
AED 230K /yr
Typical yield
5.0%
Emirates Crown Tower, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 238 units in Emirates Crown Tower
Value
5012-bedAED 1.64M · Dec 2011
5022-bedAED 1.75M · Mar 2011
5042-bedAED 2.5M · Jul 2015
5052-bedAED 2.58M · Aug 2022
5062-bedAED 1.75M · Nov 2011

503, Emirates Crown Tower in numbers

  • Sold 4 times: first on 21 April 2009 for AED 2,079,228, last on 21 June 2023 for AED 3,000,000 (AED 1,147 per sqft).
  • Rented since May 2014 on 6 Ejari contracts. The rent fell from AED 174,990 to AED 155,000 in 2018 and recovered to AED 230,000 by April 2024.
  • At AED 230,000 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 33,600 a year (AED 12.87 per sqft).

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 503, Emirates Crown Tower

What did unit 503 last sell for?

AED 3,000,000 on 21 June 2023: AED 1,147 per sqft for 2,615 sqft. The unit has 4 registered sales; the first was AED 2,079,228 in April 2009.

What is the rent for unit 503?

AED 230,000 a year on the contract signed on 1 April 2024. The previous contract, from April 2024, was AED 230,000; the unit has been rented since May 2014.

How big is unit 503?

2,615 sqft (242.9 sqm): a two-bedroom apartment on the 5th floor of a 59-storey tower completed in 2008.

What is unit 503 worth today?

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

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Mortgage on 503, Emirates Crown Tower

Starts from the last sale price (AED 3M, 21 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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