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2-bed · 1,677 sqftKG Tower, Dubai Marina · 5th floor · completed 2007

503, KG Tower

Sold prices and rental history: sold twice, 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 19 June 2023
Last soldAED 1.16M19 June 2023
Current rentAED 86K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, KG Tower

What is 503 worth today?

Last sold for AED 1,155,000 in 2023

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19 Jun 2023SoldReady
AED 1,155,000AED 688 per sqft
1 Jul 2022RentedNew contract
AED 86,000/yr12 months · AED 51 per sqft
7 Oct 2020RentedNew contract
AED 75,000/yr12 months · AED 45 per sqft
7 Oct 2018RentedNew contract
AED 90,000/yr12 months · AED 54 per sqft
15 Aug 2017RentedNew contract
AED 100,000/yr12 months · AED 60 per sqft
1 May 2016RentedNew contract
AED 120,000/yr12 months · AED 71 per sqft
1 Aug 2015RentedRenewal
AED 138,600/yr12 months · AED 83 per sqft
1 Aug 2014RentedNew contract
AED 132,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 19 June 2023.

Key facts

Type
2-bed apartment
Size
1,677 sqft
Floor
5th of 18
Parking
118
Developer
KG Interntaional
Completed
2007
Service charge
AED 28,900 /yr
Last sold
AED 1.16M · June 2023
Building
KG Tower

About 503, KG Tower

503 is a two-bedroom apartment of 1,677 sqft on the 5th floor of KG Tower, a 18-storey tower in Dubai Marina completed in 2007 by KG Interntaional. It last sold on 19 June 2023 for AED 1,155,000, or AED 688 per sqft, in line with the AED 688 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 1 July 2022, is AED 86,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 28,900 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in KG Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,597,390; 2013 AED 2,140,505; 2014 AED 1,649,706; 2015 AED 1,576,500; 2016 AED 1,500,000; 2017 AED 1,450,000; 2018 AED 1,300,000; 2021 AED 1,100,000; 2023 AED 1,400,000; 2024 AED 1,540,000; 2025 AED 1,700,000Sold by developer, February 2013: AED 2,699,900 (AED 1,610 per sqft)Sold, June 2023: AED 1,155,000 (AED 688 per sqft)

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

Rents
Unit 503, each contractTypical two-bed in KG Tower
100K150K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 115,000; 2014 AED 133,500; 2015 AED 136,800; 2016 AED 133,500; 2017 AED 105,000; 2018 AED 105,000; 2019 AED 80,000; 2020 AED 76,000; 2021 AED 79,250; 2022 AED 88,000; 2023 AED 114,857; 2024 AED 119,500; 2025 AED 130,000; 2026 AED 130,000New contract, August 2014: AED 132,000 a yearRenewal, August 2015: AED 138,600 a yearNew contract, May 2016: AED 120,000 a yearNew contract, August 2017: AED 100,000 a yearNew contract, October 2018: AED 90,000 a yearNew contract, October 2020: AED 75,000 a yearNew contract, July 2022: AED 86,000 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 KG Tower, and where 503 sits

All 28 2-beds →

503 last sold in June 2023 at AED 688 per sqft, in line with what two-beds in KG Tower were fetching at the time (AED 688). 503's AED 86,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Apr 20251,700,000
23 Jan 20251,660,000
16 Jan 20251,700,000
3 Sep 20241,530,000
0 2-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 5th floor

All 68 units in KG Tower
Value
5013-bedAED 2.65M · Nov 2023
5022-bedAED 1.53M · Sep 2024
5043-bedAED 2.27M · Jul 2016

503, KG Tower in numbers

  • Sold twice: first on 11 February 2013 for AED 2,699,900, last on 19 June 2023 for AED 1,155,000 (AED 688 per sqft).
  • Rented since August 2014 on 7 Ejari contracts. The rent fell from AED 132,000 to AED 75,000 in 2020 and recovered to AED 86,000 by July 2022.
  • At AED 86,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 28,900 a year (AED 17.22 per sqft).

Source: Dubai Land Department. Updated 19 June 2023.

Questions about 503, KG Tower

What did unit 503 last sell for?

AED 1,155,000 on 19 June 2023: AED 688 per sqft for 1,677 sqft. The unit has 2 registered sales; the first was AED 2,699,900 in February 2013.

What is the rent for unit 503?

AED 86,000 a year on the contract signed on 1 July 2022. The previous contract, from October 2020, was AED 75,000; the unit has been rented since August 2014.

How big is unit 503?

1,677 sqft (155.8 sqm): a two-bedroom apartment on the 5th floor of a 18-storey tower completed in 2007.

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, KG Tower

Starts from the last sale price (AED 1.16M, 19 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,155,000
Deposit, UAE resident (20%)
AED 231,000
Deposit, non-resident (40%)
AED 462,000
Monthly over 25 years at 3.7%
AED 4,725

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