3-bed · 2,614 sqftKG Tower, Dubai Marina · 7th floor · completed 2007

704, KG Tower

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 17 October 2024
Last soldAED 2.1M17 October 2024
Current rentAED 119K /yr16 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, KG Tower

What is 704 worth today?

Last sold for AED 2,100,000 in 2024

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17 Oct 2024SoldReady
AED 2,100,000AED 803 per sqft
16 May 2022RentedNew contract
AED 119,000/yr12 months · AED 45 per sqft
21 Dec 2019RentedNew contract
AED 106,000/yr12 months · AED 41 per sqft
3 Feb 2019RentedRenewal
AED 125,000/yr12 months · AED 48 per sqft
3 Feb 2018RentedRenewal
AED 125,000/yr12 months · AED 48 per sqft
3 Feb 2017RentedRenewal
AED 125,000/yr12 months · AED 48 per sqft
3 Feb 2016RentedRenewal
AED 125,000/yr12 months · AED 48 per sqft
3 Feb 2015RentedRenewal
AED 125,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 17 October 2024.

Key facts

Type
3-bed apartment
Size
2,614 sqft
Floor
7th of 18
Parking
3 & 4
Developer
KG Interntaional
Completed
2007
Service charge
AED 45,000 /yr
Last sold
AED 2.1M · October 2024
Building
KG Tower

About 704, KG Tower

704 is a three-bedroom apartment of 2,614 sqft on the 7th floor of KG Tower, a 18-storey tower in Dubai Marina completed in 2007 by KG Interntaional. It last sold on 17 October 2024 for AED 2,100,000, or AED 803 per sqft, in line with the AED 803 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 16 May 2022, is AED 119,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 45,000 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical three-bed in KG Tower
1M2M3M2009201420192024Typical 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, August 2011: AED 1,306,755 (AED 500 per sqft)Sold by developer, August 2011: AED 3,403,063 (AED 1,302 per sqft)Sold, October 2024: AED 2,100,000 (AED 803 per sqft)

704 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 704, each contractTypical three-bed in KG Tower
100K150K2013201720212025Typical 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, May 2013: AED 71,000 a yearNew contract, February 2014: AED 162,000 a yearRenewal, February 2015: AED 125,000 a yearRenewal, February 2016: AED 125,000 a yearRenewal, February 2017: AED 125,000 a yearRenewal, February 2018: AED 125,000 a yearRenewal, February 2019: AED 125,000 a yearNew contract, December 2019: AED 106,000 a yearNew contract, May 2022: AED 119,000 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 704 sits

All 36 3-beds →

704 last sold in October 2024 at AED 803 per sqft, in line with what three-beds in KG Tower were fetching at the time (AED 803). 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. 704's AED 119,000 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 7th floor

All 68 units in KG Tower
Value
7013-bedAED 3.18M · Jan 2009
7022-bedAED 1.79M · Jan 2009
7032-bedAED 1.71M · Jan 2009

704, KG Tower in numbers

  • Sold 3 times: first on 15 August 2011 for AED 3,403,063, last on 17 October 2024 for AED 2,100,000 (AED 803 per sqft).
  • Rented since May 2013 on 9 Ejari contracts, from AED 71,000 to AED 119,000 a year.
  • At AED 119,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 45,000 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 17 October 2024.

Questions about 704, KG Tower

What did unit 704 last sell for?

AED 2,100,000 on 17 October 2024: AED 803 per sqft for 2,614 sqft. The unit has 3 registered sales; the first was AED 3,403,063 in August 2011.

What is the rent for unit 704?

AED 119,000 a year on the contract signed on 16 May 2022. The previous contract, from December 2019, was AED 106,000; the unit has been rented since May 2013.

How big is unit 704?

2,614 sqft (242.8 sqm): a three-bedroom apartment on the 7th floor of a 18-storey tower completed in 2007.

What is unit 704 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 704, KG Tower

Starts from the last sale price (AED 2.1M, 17 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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