2-bed · 1,080 sqftManchester Tower, Dubai Marina · 6th floor · completed 2007

602, Manchester Tower

Sold prices and rental history: sold twice, last in January 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 800K14 January 2013
Current rentAED 75K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Manchester Tower

What is 602 worth today?

Last sold for AED 800,000 in 2013

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1 Feb 2023RentedNew contract
AED 75,000/yr12 months · AED 70 per sqft
10 Dec 2021RentedRenewal
AED 55,000/yr12 months · AED 51 per sqft
10 Dec 2020RentedNew contract
AED 55,000/yr12 months · AED 51 per sqft
1 Feb 2017RentedRenewal
AED 98,500/yr12 months · AED 92 per sqft
1 Feb 2016RentedRenewal
AED 105,000/yr12 months · AED 98 per sqft
1 Feb 2015RentedRenewal
AED 105,000/yr12 months · AED 98 per sqft
1 Feb 2014RentedNew contract
AED 90,000/yr12 months · AED 84 per sqft
14 Jan 2013SoldReady
AED 800,000AED 740 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
2-bed apartment
Size
1,080 sqft
Floor
6th of 30
Parking
C80
Developer
Manchester Properties
Completed
2007
Service charge
AED 20,300 /yr
Last sold
AED 800K · January 2013

About 602, Manchester Tower

602 is a two-bedroom apartment of 1,080 sqft on the 6th floor of Manchester Tower, a 30-storey tower in Dubai Marina completed in 2007 by Manchester Properties. It last sold on 14 January 2013 for AED 800,000, or AED 740 per sqft, 5% above the AED 708 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 February 2023, is AED 75,000 a year: a gross yield of 9.4% on the 2013 price, before the service charge of about AED 20,300 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, September 2008: AED 527,000 (AED 487 per sqft)Sold, January 2013: AED 800,000 (AED 740 per sqft)

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

Rents
Unit 602, each contractTypical two-bed in Manchester Tower
50K75K100K20112015201920232027Typical 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, February 2014: AED 90,000 a yearRenewal, February 2015: AED 105,000 a yearRenewal, February 2016: AED 105,000 a yearRenewal, February 2017: AED 98,500 a yearNew contract, December 2020: AED 55,000 a yearRenewal, December 2021: AED 55,000 a yearNew contract, February 2023: AED 75,000 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 602 sits

All 80 2-beds →

602 last sold in January 2013 at AED 740 per sqft, 5% above what two-beds in Manchester Tower were fetching at the time (AED 708). 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. 602's AED 75,000 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 6th floor

All 336 units in Manchester Tower
Value
6012-bedAED 1.3M · Nov 2015
6031-bedAED 620K · Oct 2023
6041-bedAED 410K · Nov 2021
6051-bedAED 550K · Jun 2008
6061-bedAED 470K · Sep 2023
6071-bedAED 206K · May 2009
6082-bedAED 530K · Oct 2013
1–7 of 13

602, Manchester Tower in numbers

  • Sold twice: first on 16 September 2008 for AED 527,000, last on 14 January 2013 for AED 800,000 (AED 740 per sqft).
  • Rented since February 2014 on 7 Ejari contracts. The rent fell from AED 90,000 to AED 55,000 in 2021 and recovered to AED 75,000 by February 2023.
  • At AED 75,000 a year the gross yield on the 2013 price is 9.4%, 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 1 February 2023.

Questions about 602, Manchester Tower

What did unit 602 last sell for?

AED 800,000 on 14 January 2013: AED 740 per sqft for 1,080 sqft. The unit has 2 registered sales; the first was AED 527,000 in September 2008.

What is the rent for unit 602?

AED 75,000 a year on the contract signed on 1 February 2023. The previous contract, from December 2021, was AED 55,000; the unit has been rented since February 2014.

How big is unit 602?

1,080 sqft (100.3 sqm): a two-bedroom apartment on the 6th floor of a 30-storey tower completed in 2007.

What is unit 602 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 602, Manchester Tower

Starts from the last sale price (AED 800K, 14 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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