3-bed · 1,824 sqftLa Riviera Tower, Dubai Marina · 14th floor · completed 2006

1402, La Riviera Tower

Sold prices and rental history: sold once, by the developer in February 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 10 January 2020
Last soldAED 1.77M27 February 2011
Current rentAED 60K /yr10 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1402, La Riviera Tower

What is 1402 worth today?

Last sold for AED 1,767,000 in 2011

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10 Jan 2020RentedRenewal
AED 60,000/yr24 months · AED 33 per sqft
10 Jan 2019RentedNew contract
AED 70,000/yr12 months · AED 38 per sqft
18 Jan 2018RentedNew contract
AED 140,000/yr12 months · AED 77 per sqft
1 Sep 2013RentedNew contract
AED 145,000/yr12 months · AED 80 per sqft
27 Feb 2011Sold by developerReady
AED 1,767,000AED 968 per sqft

Source: Dubai Land Department. Updated 10 January 2020.

Key facts

Type
3-bed apartment
Size
1,824 sqft
Floor
14th of 34
Parking
B2-5
Developer
B&M Riviera Properties Development
Completed
2006
Service charge
AED 25,800 /yr
Last sold
AED 1.77M · February 2011

About 1402, La Riviera Tower

1402 is a three-bedroom apartment of 1,824 sqft on the 14th floor of La Riviera Tower, a 34-storey tower in Dubai Marina completed in 2006 by B&M Riviera Properties Development. The developer sold it on 27 February 2011 for AED 1,767,000, or AED 968 per sqft, 13% above the AED 860 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 10 January 2020, is AED 60,000 a year: a gross yield of 3.4% on the 2011 price, before the service charge of about AED 25,800 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical three-bed in La Riviera Tower
1M2M2008201320182023Typical sale price by year: 2008 AED 1,347,675; 2009 AED 1,112,500; 2010 AED 1,370,000; 2011 AED 1,300,075; 2012 AED 1,450,000; 2013 AED 1,625,000; 2014 AED 1,812,300; 2019 AED 1,525,000; 2021 AED 1,495,000; 2022 AED 1,850,000; 2023 AED 2,100,000; 2024 AED 2,350,000Sold by developer, February 2011: AED 1,767,000 (AED 968 per sqft)

1402 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1402, each contractTypical three-bed in La Riviera Tower
100K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 135,000; 2014 AED 149,750; 2015 AED 165,000; 2016 AED 160,000; 2017 AED 151,500; 2018 AED 140,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 95,000; 2022 AED 115,000; 2023 AED 140,000; 2024 AED 165,000; 2025 AED 175,000; 2026 AED 165,000New contract, September 2013: AED 145,000 a yearNew contract, January 2018: AED 140,000 a yearNew contract, January 2019: AED 70,000 a yearRenewal, January 2020: AED 60,000 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 La Riviera Tower, and where 1402 sits

All 46 3-beds →

1402 last sold in February 2011 at AED 968 per sqft, 13% above what three-beds in La Riviera Tower were fetching at the time (AED 860). Over the last 12 months three-beds sold for AED 1,650,000 to 2,675,000, around AED 1,272 per sqft, and rent for AED 125,000 to 220,000 a year. 1402's AED 60,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
13 Jul 20261,650,000
2 Feb 20262,675,000
24 Jul 20252,650,000
1 Oct 20243,100,000
2 3-bed sales in the last 12 months

La Riviera Tower

Building

180 apartments, 1-bed to 4-bed over 34 floors in Dubai Marina, completed in 2006 by B&M Riviera Properties Development. 6 sold in the last 12 months.

Typical price per sqft
AED 1,371
Typical sale
AED 1.63M
Typical rent
AED 110K /yr
Typical yield
6.8%
La Riviera Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 180 units in La Riviera Tower
Value
14013-bedAED 975K · Dec 2012
14032-bedAED 674K · Jul 2013
14042-bedAED 735K · May 2009
14052-bedAED 735K · Nov 2008
14062-bedAED 1.5M · Jul 2023

1402, La Riviera Tower in numbers

  • Sold once: by B&M Riviera Properties Development on 27 February 2011 for AED 1,767,000, or AED 968 per sqft.
  • Rented since September 2013 on 4 Ejari contracts, from AED 145,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2011 price is 3.4%, before a service charge of about AED 25,800 a year (AED 14.16 per sqft).
  • Three-beds in La Riviera Tower sold for AED 1,650,000–2,675,000 in the 12 months to November 2026; the building's median across all types is AED 1,371 per sqft.

Source: Dubai Land Department. Updated 10 January 2020.

Questions about 1402, La Riviera Tower

What did unit 1402 last sell for?

AED 1,767,000 on 27 February 2011, sold by the developer: AED 968 per sqft for 1,824 sqft. It is the only registered sale of the unit.

What is the rent for unit 1402?

AED 60,000 a year on the contract renewed on 10 January 2020. The previous contract, from January 2019, was AED 70,000; the unit has been rented since September 2013.

How big is unit 1402?

1,824 sqft (169.5 sqm): a three-bedroom apartment on the 14th floor of a 34-storey tower completed in 2006.

What is unit 1402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in La Riviera Tower sold for AED 1,650,000 to 2,675,000 in the last 12 months, around AED 1,272 per sqft.

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Mortgage on 1402, La Riviera Tower

Starts from the last sale price (AED 1.77M, 27 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,767,000
Deposit, UAE resident (20%)
AED 353,400
Deposit, non-resident (40%)
AED 706,800
Monthly over 25 years at 3.7%
AED 7,229

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