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5-bed · 7,686 sqftEmirates Crown Tower, Dubai Marina · 58th floor · completed 2008

5802, Emirates Crown Tower

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5802 · DLD and Ejari recordsUpdated 16 August 2018
Last soldAED 6M11 June 2009
Current rentAED 340K /yr16 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5802, Emirates Crown Tower

What is 5802 worth today?

Last sold for AED 6,000,000 in 2009

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16 Aug 2018RentedNew contract
AED 340,000/yr12 months · AED 44 per sqft
25 Jun 2017RentedRenewal
AED 370,000/yr12 months · AED 48 per sqft
25 Jun 2016RentedNew contract
AED 370,000/yr12 months · AED 48 per sqft
14 Jun 2015RentedNew contract
AED 340,000/yr12 months · AED 44 per sqft
11 Jun 2009Sold by developerReady
AED 6,000,000AED 780 per sqft

Source: Dubai Land Department. Updated 16 August 2018.

Key facts

Type
5-bed apartment
Size
7,686 sqft
Floor
58th of 59
Parking
B1-43-44
Developer
Vakson First Property Development
Completed
2008
Service charge
AED 98,900 /yr
Last sold
AED 6M · June 2009
Building
Emirates Crown Tower

About 5802, Emirates Crown Tower

5802 is a five-bedroom apartment of 7,686 sqft on the 58th floor of Emirates Crown Tower, a 59-storey tower in Dubai Marina completed in 2008 by Vakson First Property Development . The developer sold it on 11 June 2009 for AED 6,000,000, or AED 780 per sqft, in line with the AED 780 five-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 16 August 2018, is AED 340,000 a year: a gross yield of 5.7% on the 2009 price, before the service charge of about AED 98,900 a year.

Sales and rents for 5802 over time

Sales
Unit 5802, each saleTypical five-bed in Emirates Crown Tower
5M10M200920112013Typical sale price by year: 2009 AED 7,244,674; 2010 AED 6,950,000; 2011 AED 7,285,116; 2012 AED 8,150,000; 2013 AED 13,275,000Sold by developer, June 2009: AED 6,000,000 (AED 780 per sqft)

5802 has sold once; the dashed line is the five-bed median of each year in the building.

Rents
Unit 5802, each contractTypical five-bed in Emirates Crown Tower
400K600K2013201720212025Typical rent by year: 2013 AED 385,000; 2014 AED 385,000; 2015 AED 409,500; 2016 AED 440,000; 2017 AED 390,000; 2018 AED 390,000; 2019 AED 395,000; 2020 AED 310,000; 2021 AED 300,000; 2025 AED 712,500; 2026 AED 700,000New contract, June 2015: AED 340,000 a yearNew contract, June 2016: AED 370,000 a yearRenewal, June 2017: AED 370,000 a yearNew contract, August 2018: AED 340,000 a year

Annual rent on each registered contract; the dashed line is the five-bed median of each year in the building.

5-beds in Emirates Crown Tower, and where 5802 sits

All 20 5-beds →

5802 last sold in June 2009 at AED 780 per sqft, in line with what five-beds in Emirates Crown Tower were fetching at the time (AED 780). 5802's AED 340,000 is at the bottom of that range.

Recent 5-bed salesUnit no.Price (AED)Summary
1 May 202411,500,000
4 Jan 20226,750,400
13 Dec 202016,000,000
1 Aug 20197,500,000
0 5-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 58th floor

All 238 units in Emirates Crown Tower
Value
58015-bedAED 9.4M · Oct 2011

5802, Emirates Crown Tower in numbers

  • Sold once: by Vakson First Property Development on 11 June 2009 for AED 6,000,000, or AED 780 per sqft.
  • Rented since June 2015 on 4 Ejari contracts, at AED 340,000 a year.
  • At AED 340,000 a year the gross yield on the 2009 price is 5.7%, before a service charge of about AED 98,900 a year (AED 12.87 per sqft).

Source: Dubai Land Department. Updated 16 August 2018.

Questions about 5802, Emirates Crown Tower

What did unit 5802 last sell for?

AED 6,000,000 on 11 June 2009, sold by the developer: AED 780 per sqft for 7,686 sqft. It is the only registered sale of the unit.

What is the rent for unit 5802?

AED 340,000 a year on the contract signed on 16 August 2018. The previous contract, from June 2017, was AED 370,000; the unit has been rented since June 2015.

How big is unit 5802?

7,686 sqft (714.1 sqm): a five-bedroom apartment on the 58th floor of a 59-storey tower completed in 2008.

What is unit 5802 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 5802, Emirates Crown Tower

Starts from the last sale price (AED 6M, 11 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 6,000,000
Deposit, UAE resident (20%)
AED 1,200,000
Deposit, non-resident (40%)
AED 2,400,000
Monthly over 25 years at 3.7%
AED 24,548

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