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4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 5th floor · completed 2006

502, Horizon Tower

Sold prices and rental history: sold twice, last in July 2008, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 8 July 2024
Last soldAED 1.64M30 July 2008
Current rentAED 215K /yr8 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Horizon Tower

What is 502 worth today?

Last sold for AED 1,643,827 in 2008

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8 Jul 2024RentedNew contract
AED 215,000/yr12 months · AED 88 per sqft
8 Jul 2024RentedNew contract
AED 215,000/yr12 months · AED 88 per sqft
30 Jul 2008Sold by developerReady
AED 1,643,827AED 670 per sqft
30 Jul 2008SoldReady
AED 1,600,000AED 652 per sqft

Source: Dubai Land Department. Updated 8 July 2024.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
5th of 44
Parking
B3-65, B3-64
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.64M · July 2008
Building
Horizon Tower

About 502, Horizon Tower

502 is a four-bedroom apartment of 2,451 sqft on the 5th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. The developer sold it on 30 July 2008 for AED 1,643,827, or AED 670 per sqft, 18% below the AED 821 four-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 8 July 2024, is AED 215,000 a year: a gross yield of 13.1% on the 2008 price, before the service charge of about AED 35,600 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical four-bed in Horizon Tower
2M3M2008201320182023Typical sale price by year: 2008 AED 1,937,440; 2009 AED 1,672,000; 2010 AED 1,900,000; 2011 AED 1,607,500; 2012 AED 1,727,266; 2013 AED 2,200,000; 2014 AED 3,050,000; 2015 AED 2,500,000; 2016 AED 2,650,000; 2017 AED 3,300,000; 2018 AED 1,950,000; 2019 AED 1,500,000; 2020 AED 1,500,000; 2021 AED 1,590,000; 2022 AED 1,880,000; 2023 AED 2,600,000; 2024 AED 2,700,000; 2025 AED 3,000,000; 2026 AED 2,585,000Sold by developer, July 2008: AED 1,643,827 (AED 670 per sqft)Sold, July 2008: AED 1,600,000 (AED 652 per sqft)

502 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 502, each contractTypical four-bed in Horizon Tower
100K150K200K2012201620202024Typical rent by year: 2012 AED 142,500; 2013 AED 168,000; 2014 AED 188,952; 2015 AED 195,000; 2016 AED 180,000; 2017 AED 175,000; 2018 AED 165,000; 2019 AED 150,000; 2020 AED 120,000; 2021 AED 115,000; 2022 AED 140,000; 2023 AED 180,000; 2024 AED 202,500; 2025 AED 210,000; 2026 AED 210,000New contract, July 2024: AED 215,000 a yearNew contract, July 2024: AED 215,000 a year

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

4-beds in Horizon Tower, and where 502 sits

All 164 4-beds →

502 last sold in July 2008 at AED 670 per sqft, 18% below what four-beds in Horizon Tower were fetching at the time (AED 821). Over the last 12 months four-beds sold for AED 2,300,000 to 3,450,000, around AED 1,067 per sqft, and rent for AED 100,000 to 478,713 a year. 502's AED 215,000 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
5 Oct 20262,600,000
19 Aug 20263,200,000
14 Jul 20262,500,000
22 May 20263,450,000
11 4-bed sales in the last 12 months

Horizon Tower

Building

164 apartments, 4-bed over 44 floors in Dubai Marina, completed in 2006 by Gulf General Investments Co. 11 sold in the last 12 months.

Typical price per sqft
AED 1,067 Down 12.1%
Typical sale
AED 2.57M
Typical rent
AED 210K /yr
Typical yield
8.1%
Horizon Tower, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 164 units in Horizon Tower
Value
5014-bedAED 2.6M · Oct 2026
5034-bedAED 3.48M · Apr 2025
5044-bedAED 1.7M · Sep 2008

502, Horizon Tower in numbers

  • Sold twice: first on 30 July 2008 for AED 1,600,000, last on 30 July 2008 for AED 1,643,827 (AED 670 per sqft).
  • Rented since July 2024 on 2 Ejari contracts, at AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2008 price is 13.1%, before a service charge of about AED 35,600 a year (AED 14.54 per sqft).
  • Four-beds in Horizon Tower sold for AED 2,300,000–3,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,067 per sqft.

Source: Dubai Land Department. Updated 8 July 2024.

Questions about 502, Horizon Tower

What did unit 502 last sell for?

AED 1,643,827 on 30 July 2008, sold by the developer: AED 670 per sqft for 2,451 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in July 2008.

What is the rent for unit 502?

AED 215,000 a year on the contract signed on 8 July 2024. The previous contract, from July 2024, was AED 215,000.

How big is unit 502?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 5th floor of a 44-storey tower completed in 2006.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Horizon Tower sold for AED 2,300,000 to 3,450,000 in the last 12 months, around AED 1,067 per sqft.

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Mortgage on 502, Horizon Tower

Starts from the last sale price (AED 1.64M, 30 July 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,643,827
Deposit, UAE resident (20%)
AED 328,765
Deposit, non-resident (40%)
AED 657,531
Monthly over 25 years at 3.7%
AED 6,725

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