2-bed · 1,216 sqftMarina Arcade Tower, Dubai Marina · completed 2017

1303, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 2 October 2021
Last soldAED 1.65M20 July 2016
Current rentAED 90K /yr2 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1303, Marina Arcade Tower

What is 1303 worth today?

Last sold for AED 1,650,000 in 2016

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2 Oct 2021RentedNew contract
AED 90,000/yr13 months · AED 74 per sqft
15 Nov 2020RentedNew contract
AED 70,000/yr12 months · AED 58 per sqft
29 Aug 2019RentedNew contract
AED 100,000/yr12 months · AED 82 per sqft
10 Apr 2019RentedRenewal
AED 125,000/yr3 months · AED 103 per sqft
10 Apr 2018RentedNew contract
AED 125,000/yr12 months · AED 103 per sqft
20 Jul 2016Sold by developerOff-plan
AED 1,650,000AED 1,357 per sqft

Source: Dubai Land Department. Updated 2 October 2021.

Key facts

Type
2-bed apartment
Size
1,216 sqft
Parking
LB-103
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 19,200 /yr
Last sold
AED 1.65M · July 2016

About 1303, Marina Arcade Tower

1303 is a two-bedroom apartment of 1,216 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 20 July 2016 for AED 1,650,000, or AED 1,357 per sqft, 12% below the AED 1,545 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 2 October 2021, is AED 90,000 a year: a gross yield of 5.5% on the 2016 price, before the service charge of about AED 19,200 a year.

Sales and rents for 1303 over time

Sales
Unit 1303, 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 1,357 per sqft)

1303 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1303, each contractTypical two-bed in Marina Arcade Tower
100K2017202020232026Typical 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, April 2018: AED 125,000 a yearRenewal, April 2019: AED 125,000 a yearNew contract, August 2019: AED 100,000 a yearNew contract, November 2020: AED 70,000 a yearNew contract, October 2021: AED 90,000 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 1303 sits

All 196 2-beds →

1303 last sold in July 2016 at AED 1,357 per sqft, 12% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,545). 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. 1303's AED 90,000 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 →

1303, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 20 July 2016 for AED 1,650,000, or AED 1,357 per sqft.
  • Rented since April 2018 on 5 Ejari contracts. The rent fell from AED 125,000 to AED 70,000 in 2020 and recovered to AED 90,000 by October 2021.
  • At AED 90,000 a year the gross yield on the 2016 price is 5.5%, before a service charge of about AED 19,200 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 2 October 2021.

Questions about 1303, Marina Arcade Tower

What did unit 1303 last sell for?

AED 1,650,000 on 20 July 2016, sold by the developer: AED 1,357 per sqft for 1,216 sqft. It is the only registered sale of the unit.

What is the rent for unit 1303?

AED 90,000 a year on the contract signed on 2 October 2021. The previous contract, from November 2020, was AED 70,000; the unit has been rented since April 2018.

How big is unit 1303?

1,216 sqft (113.0 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 1303 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 1303, Marina Arcade Tower

Starts from the last sale price (AED 1.65M, 20 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 →