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2-bed · 1,161 sqftMarina Arcade Tower, Dubai Marina · completed 2017

1302, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in July 2016, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1302 · DLD and Ejari recordsUpdated 28 July 2020
Last soldAED 1.65M27 July 2016
Current rentAED 84K /yr28 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1302, Marina Arcade Tower

What is 1302 worth today?

Last sold for AED 1,650,000 in 2016

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28 Jul 2020RentedNew contract
AED 84,000/yr12 months · AED 72 per sqft
12 Nov 2017RentedNew contract
AED 130,000/yr12 months · AED 112 per sqft
27 Jul 2016Sold by developerOff-plan
AED 1,650,000AED 1,421 per sqft

Source: Dubai Land Department. Updated 28 July 2020.

Key facts

Type
2-bed apartment
Size
1,161 sqft
Parking
1F-72
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 18,300 /yr
Last sold
AED 1.65M · July 2016
Building
Marina Arcade Tower

About 1302, Marina Arcade Tower

1302 is a two-bedroom apartment of 1,161 sqft of Marina Arcade Tower, a 45-storey tower in Dubai Marina completed in 2017 by Marina Arcade Real Estate. The developer sold it on 27 July 2016 for AED 1,650,000, or AED 1,421 per sqft, 5% below the AED 1,492 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 28 July 2020, is AED 84,000 a year: a gross yield of 5.1% on the 2016 price, before the service charge of about AED 18,300 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, each saleTypical two-bed in Marina Arcade Tower
1M2M2016201920222025Typical sale price by year: 2016 AED 1,797,078; 2017 AED 1,899,764; 2018 AED 1,778,120; 2019 AED 1,595,000; 2020 AED 1,115,797; 2021 AED 1,600,000; 2022 AED 1,779,470; 2023 AED 2,135,500; 2024 AED 2,220,000; 2025 AED 2,150,000; 2026 AED 2,080,900Sold by developer, July 2016: AED 1,650,000 (AED 1,421 per sqft)

1302 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1302, each contractTypical two-bed in Marina Arcade Tower
75K100K125K2017202020232026Typical rent by year: 2017 AED 135,000; 2018 AED 132,000; 2019 AED 115,000; 2020 AED 95,000; 2021 AED 92,308; 2022 AED 105,000; 2023 AED 125,000; 2024 AED 132,000; 2025 AED 137,250; 2026 AED 130,548New contract, November 2017: AED 130,000 a yearNew contract, July 2020: AED 84,000 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 Marina Arcade Tower, and where 1302 sits

All 196 2-beds →

1302 last sold in July 2016 at AED 1,421 per sqft, 5% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,492). Over the last 12 months two-beds sold for AED 1,900,000 to 2,427,065, around AED 1,547 per sqft, and rent for AED 66,000 to 200,000 a year. 1302's AED 84,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Sep 20262,250,000
30 Jul 202613,781
26 Jun 20261,900,000
15 May 20262,427,065
8 2-bed sales in the last 12 months

Marina Arcade Tower

Building

37 apartments, studios to 4-bed over 45 floors in Dubai Marina, completed in 2017 by Marina Arcade Real Estate. 15 sold in the last 12 months.

Typical price per sqft
AED 1,553 Up 4.7%
Typical sale
AED 2.2M
Typical rent
AED 130K /yr
Typical yield
6.2%
Marina Arcade Tower, Dubai Marina: prices, sales and rents →

1302, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 27 July 2016 for AED 1,650,000, or AED 1,421 per sqft.
  • Rented since November 2017 on 2 Ejari contracts, from AED 130,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2016 price is 5.1%, before a service charge of about AED 18,300 a year (AED 15.77 per sqft).
  • Two-beds in Marina Arcade Tower sold for AED 1,900,000–2,427,065 in the 12 months to November 2026; the building's median across all types is AED 1,553 per sqft.

Source: Dubai Land Department. Updated 28 July 2020.

Questions about 1302, Marina Arcade Tower

What did unit 1302 last sell for?

AED 1,650,000 on 27 July 2016, sold by the developer: AED 1,421 per sqft for 1,161 sqft. It is the only registered sale of the unit.

What is the rent for unit 1302?

AED 84,000 a year on the contract signed on 28 July 2020. The previous contract, from November 2017, was AED 130,000.

How big is unit 1302?

1,161 sqft (107.9 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 1302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Arcade Tower sold for AED 1,900,000 to 2,427,065 in the last 12 months, around AED 1,547 per sqft.

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Mortgage on 1302, Marina Arcade Tower

Starts from the last sale price (AED 1.65M, 27 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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