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3-bed · 2,748 sqftKG Tower, Dubai Marina · 15th floor · completed 2007

1503, KG Tower

Sold prices and rental history: sold once, by the developer in October 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 1 December 2016
Last soldAED 1.4M27 October 2016
Current rentAED 110K /yr1 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, KG Tower

What is 1503 worth today?

Last sold for AED 1,400,000 in 2016

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1 Dec 2016RentedNew contract
AED 110,000/yr36 months · AED 40 per sqft
27 Oct 2016Sold by developerReady
AED 1,400,000AED 509 per sqft
1 Apr 2014RentedNew contract
AED 200,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 1 December 2016.

Key facts

Type
3-bed apartment
Size
2,748 sqft
Floor
15th of 18
Parking
93-94
Developer
KG Interntaional
Completed
2007
Service charge
AED 47,300 /yr
Last sold
AED 1.4M · October 2016
Building
KG Tower

About 1503, KG Tower

1503 is a three-bedroom apartment of 2,748 sqft on the 15th floor of KG Tower, a 18-storey tower in Dubai Marina completed in 2007 by KG Interntaional. The developer sold it on 27 October 2016 for AED 1,400,000, or AED 509 per sqft, 19% below the AED 632 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 1 December 2016, is AED 110,000 a year: a gross yield of 7.9% on the 2016 price, before the service charge of about AED 47,300 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical three-bed in KG Tower
2M3M2009201420192024Typical sale price by year: 2009 AED 2,413,190; 2010 AED 2,254,041; 2011 AED 1,750,000; 2012 AED 1,850,000; 2013 AED 2,485,700; 2014 AED 2,825,000; 2016 AED 1,600,000; 2023 AED 2,255,000; 2024 AED 2,100,000; 2025 AED 3,000,000Sold by developer, October 2016: AED 1,400,000 (AED 509 per sqft)

1503 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1503, each contractTypical three-bed in KG Tower
100K150K200K2013201720212025Typical rent by year: 2013 AED 155,000; 2014 AED 178,000; 2015 AED 165,000; 2016 AED 160,500; 2017 AED 150,000; 2018 AED 150,000; 2019 AED 115,000; 2020 AED 100,000; 2021 AED 102,000; 2022 AED 120,000; 2023 AED 135,947; 2024 AED 168,000; 2025 AED 178,500; 2026 AED 172,000New contract, April 2014: AED 200,000 a yearNew contract, December 2016: AED 110,000 a year

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

3-beds in KG Tower, and where 1503 sits

All 36 3-beds →

1503 last sold in October 2016 at AED 509 per sqft, 19% below what three-beds in KG Tower were fetching at the time (AED 632). Over the last 12 months three-beds sold for AED 2,900,000 to 4,400,000, around AED 1,186 per sqft, and rent for AED 160,000 to 180,000 a year. 1503's AED 110,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Apr 20262,900,000
22 Dec 20254,400,000
1 Oct 20253,000,000
7 Aug 20253,100,000
2 3-bed sales in the last 12 months

KG Tower

Building

68 apartments, 2-bed to 4-bed over 18 floors in Dubai Marina, completed in 2007 by KG Interntaional. 2 sold in the last 12 months.

Typical price per sqft
AED 1,186
Typical sale
AED 3.65M
Typical rent
AED 140K /yr
Typical yield
5.8%
KG Tower, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 68 units in KG Tower
Value
15014-bedNo registered sale
15023-bedAED 1.6M · Oct 2016

1503, KG Tower in numbers

  • Sold once: by KG Interntaional on 27 October 2016 for AED 1,400,000, or AED 509 per sqft.
  • Rented since April 2014 on 2 Ejari contracts, from AED 200,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2016 price is 7.9%, before a service charge of about AED 47,300 a year (AED 17.22 per sqft).
  • Three-beds in KG Tower sold for AED 2,900,000–4,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,186 per sqft.

Source: Dubai Land Department. Updated 1 December 2016.

Questions about 1503, KG Tower

What did unit 1503 last sell for?

AED 1,400,000 on 27 October 2016, sold by the developer: AED 509 per sqft for 2,748 sqft. It is the only registered sale of the unit.

What is the rent for unit 1503?

AED 110,000 a year on the contract signed on 1 December 2016. The previous contract, from April 2014, was AED 200,000.

How big is unit 1503?

2,748 sqft (255.3 sqm): a three-bedroom apartment on the 15th floor of a 18-storey tower completed in 2007.

What is unit 1503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in KG Tower sold for AED 2,900,000 to 4,400,000 in the last 12 months, around AED 1,186 per sqft.

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Mortgage on 1503, KG Tower

Starts from the last sale price (AED 1.4M, 27 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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