2-bed · 1,329 sqftLa Riviera Tower, Dubai Marina · 14th floor · completed 2006

1406, La Riviera Tower

Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 26 July 2023
Last soldAED 1.5M26 July 2023
Current rentAED 65K /yr3 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1406, La Riviera Tower

What is 1406 worth today?

Last sold for AED 1,500,000 in 2023

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26 Jul 2023SoldReady
AED 1,500,000AED 1,128 per sqft
3 Dec 2021RentedNew contract
AED 65,000/yr12 months · AED 49 per sqft
12 Jan 2021SoldReady
AED 900,000AED 677 per sqft
3 Dec 2020RentedNew contract
AED 65,000/yr12 months · AED 49 per sqft
10 Feb 2019RentedRenewal
AED 105,000/yr12 months · AED 79 per sqft
10 Feb 2018RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
24 Dec 2016RentedRenewal
AED 143,325/yr12 months · AED 108 per sqft
24 Dec 2015RentedRenewal
AED 136,500/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 26 July 2023.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
14th of 34
Parking
B1-64
Developer
B&M Riviera Properties Development
Completed
2006
Service charge
AED 18,800 /yr
Last sold
AED 1.5M · July 2023

About 1406, La Riviera Tower

1406 is a two-bedroom apartment of 1,329 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. It last sold on 26 July 2023 for AED 1,500,000, or AED 1,128 per sqft, in line with the AED 1,125 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 3 December 2021, is AED 65,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 18,800 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical two-bed in La Riviera Tower
1M1.5M2008201320182023Typical sale price by year: 2008 AED 774,250; 2009 AED 814,800; 2010 AED 786,000; 2011 AED 862,500; 2012 AED 819,650; 2013 AED 809,600; 2014 AED 945,000; 2015 AED 1,450,000; 2016 AED 1,300,000; 2017 AED 1,375,000; 2018 AED 1,132,500; 2020 AED 1,000,000; 2021 AED 957,500; 2022 AED 1,100,000; 2023 AED 1,340,000; 2024 AED 1,603,625; 2025 AED 1,700,000; 2026 AED 1,600,000Sold by developer, November 2008: AED 774,250 (AED 582 per sqft)Sold, January 2021: AED 900,000 (AED 677 per sqft)Sold, July 2023: AED 1,500,000 (AED 1,128 per sqft)

1406 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1406, each contractTypical two-bed in La Riviera Tower
100K150K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 90,000; 2014 AED 109,863; 2015 AED 122,100; 2016 AED 115,000; 2017 AED 115,000; 2018 AED 100,000; 2019 AED 85,000; 2020 AED 70,000; 2021 AED 68,000; 2022 AED 80,000; 2023 AED 94,938; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 105,400New contract, December 2014: AED 130,000 a yearRenewal, December 2015: AED 136,500 a yearRenewal, December 2016: AED 143,325 a yearNew contract, February 2018: AED 120,000 a yearRenewal, February 2019: AED 105,000 a yearNew contract, December 2020: AED 65,000 a yearNew contract, December 2021: AED 65,000 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 La Riviera Tower, and where 1406 sits

All 123 2-beds →

1406 last sold in July 2023 at AED 1,128 per sqft, in line with what two-beds in La Riviera Tower were fetching at the time (AED 1,125). Over the last 12 months two-beds sold for AED 1,445,000 to 2,000,000, around AED 1,371 per sqft, and rent for AED 74,611 to 255,000 a year. 1406's AED 65,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Aug 20261,600,000
5 Jun 20262,000,000
14 May 20261,445,000
22 Apr 20261,600,000
4 2-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
14023-bedAED 1.77M · Feb 2011
14032-bedAED 674K · Jul 2013
14042-bedAED 735K · May 2009
14052-bedAED 735K · Nov 2008

1406, La Riviera Tower in numbers

  • Sold 3 times: first on 4 November 2008 for AED 774,250, last on 26 July 2023 for AED 1,500,000 (AED 1,128 per sqft).
  • Rented since December 2014 on 7 Ejari contracts, from AED 130,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 18,800 a year (AED 14.16 per sqft).
  • Two-beds in La Riviera Tower sold for AED 1,445,000–2,000,000 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 26 July 2023.

Questions about 1406, La Riviera Tower

What did unit 1406 last sell for?

AED 1,500,000 on 26 July 2023: AED 1,128 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 774,250 in November 2008.

What is the rent for unit 1406?

AED 65,000 a year on the contract signed on 3 December 2021. The previous contract, from December 2020, was AED 65,000; the unit has been rented since December 2014.

How big is unit 1406?

1,329 sqft (123.5 sqm): a two-bedroom apartment on the 14th floor of a 34-storey tower completed in 2006.

What is unit 1406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in La Riviera Tower sold for AED 1,445,000 to 2,000,000 in the last 12 months, around AED 1,371 per sqft.

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Mortgage on 1406, La Riviera Tower

Starts from the last sale price (AED 1.5M, 26 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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