2-bed · 1,080 sqftManchester Tower, Dubai Marina · 4th floor · completed 2007

408, Manchester Tower

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 970K11 March 2024
Current rentAED 93K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Manchester Tower

What is 408 worth today?

Last sold for AED 970,000 in 2024

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25 Mar 2024RentedNew contract
AED 93,000/yr12 months · AED 86 per sqft
25 Mar 2024RentedNew contract
AED 93,000/yr12 months · AED 86 per sqft
11 Mar 2024SoldReady
AED 970,000AED 898 per sqft
1 Oct 2021RentedRenewal
AED 68,160/yr24 months · AED 63 per sqft
1 Feb 2021RentedNew contract
AED 72,000/yr8 months · AED 67 per sqft
15 Nov 2014RentedNew contract
AED 96,000/yr12 months · AED 89 per sqft
27 Feb 2014SoldReady
AED 615,000AED 569 per sqft
14 Nov 2013RentedNew contract
AED 80,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
2-bed apartment
Size
1,080 sqft
Floor
4th of 30
Parking
C69
Developer
Manchester Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 970K · March 2024

About 408, Manchester Tower

408 is a two-bedroom apartment of 1,080 sqft on the 4th floor of Manchester Tower, a 30-storey tower in Dubai Marina completed in 2007 by Manchester Properties. It last sold on 11 March 2024 for AED 970,000, or AED 898 per sqft, in line with the AED 922 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 25 March 2024, is AED 93,000 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 20,300 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical two-bed in Manchester Tower
500K1M1.5M2008201320182023Typical sale price by year: 2008 AED 740,250; 2009 AED 816,860; 2010 AED 762,200; 2011 AED 700,000; 2012 AED 728,000; 2013 AED 1,043,138; 2014 AED 1,134,000; 2015 AED 1,184,500; 2016 AED 1,019,188; 2017 AED 1,015,000; 2018 AED 990,000; 2020 AED 690,000; 2021 AED 714,848; 2022 AED 850,000; 2023 AED 950,000; 2024 AED 1,175,000; 2025 AED 1,310,000; 2026 AED 1,395,000Sold by developer, July 2008: AED 700,000 (AED 648 per sqft)Sold, February 2014: AED 615,000 (AED 569 per sqft)Sold, March 2024: AED 970,000 (AED 898 per sqft)

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

Rents
Unit 408, each contractTypical two-bed in Manchester Tower
60K80K100K20112015201920232027Typical rent by year: 2011 AED 60,000; 2012 AED 65,000; 2013 AED 70,000; 2014 AED 91,000; 2015 AED 95,440; 2016 AED 96,000; 2017 AED 90,000; 2018 AED 80,000; 2019 AED 70,400; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 66,000; 2023 AED 84,000; 2024 AED 96,000; 2025 AED 100,000; 2026 AED 89,125New contract, October 2012: AED 58,000 a yearNew contract, November 2013: AED 80,000 a yearNew contract, November 2014: AED 96,000 a yearNew contract, February 2021: AED 72,000 a yearRenewal, October 2021: AED 68,160 a yearNew contract, March 2024: AED 93,000 a yearNew contract, March 2024: AED 93,000 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 Manchester Tower, and where 408 sits

All 80 2-beds →

408 last sold in March 2024 at AED 898 per sqft, in line with what two-beds in Manchester Tower were fetching at the time (AED 922). Over the last 12 months two-beds sold for AED 1,200,000 to 1,654,032, around AED 1,324 per sqft, and rent for AED 41,000 to 147,000 a year. 408's AED 93,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
23 Jul 20261,200,000
22 May 20261,395,000
18 Mar 20261,654,032
6 2-bed sales in the last 12 months

Manchester Tower

Building

336 apartments, studios to 3-bed over 30 floors in Dubai Marina, completed in 2007 by Manchester Properties. 19 sold in the last 12 months.

Typical price per sqft
AED 1,443 Up 12.7%
Typical sale
AED 970K
Typical rent
AED 66K /yr
Typical yield
7.1%
Manchester Tower, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 336 units in Manchester Tower
Value
4012-bedAED 1.2M · Feb 2013
4022-bedAED 640K · Oct 2008
4031-bedAED 248K · Sep 2008
4041-bedAED 196K · Oct 2008
4051-bedAED 299K · Nov 2008
4061-bedAED 370K · Jun 2020
407StudioAED 560K · Jan 2024
1–7 of 13

408, Manchester Tower in numbers

  • Sold 3 times: first on 1 July 2008 for AED 700,000, last on 11 March 2024 for AED 970,000 (AED 898 per sqft).
  • Rented since October 2012 on 7 Ejari contracts, from AED 58,000 to AED 93,000 a year.
  • At AED 93,000 a year the gross yield on the 2024 price is 9.6%, before a service charge of about AED 20,300 a year (AED 18.84 per sqft).
  • Two-beds in Manchester Tower sold for AED 1,200,000–1,654,032 in the 12 months to November 2026; the building's median across all types is AED 1,443 per sqft.

Source: Dubai Land Department. Updated 25 March 2024.

Questions about 408, Manchester Tower

What did unit 408 last sell for?

AED 970,000 on 11 March 2024: AED 898 per sqft for 1,080 sqft. The unit has 3 registered sales; the first was AED 700,000 in July 2008.

What is the rent for unit 408?

AED 93,000 a year on the contract signed on 25 March 2024. The previous contract, from March 2024, was AED 93,000; the unit has been rented since October 2012.

How big is unit 408?

1,080 sqft (100.3 sqm): a two-bedroom apartment on the 4th floor of a 30-storey tower completed in 2007.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Manchester Tower sold for AED 1,200,000 to 1,654,032 in the last 12 months, around AED 1,324 per sqft.

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Mortgage on 408, Manchester Tower

Starts from the last sale price (AED 970K, 11 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

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