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2-bed · 1,207 sqftMarina Arcade Tower, Dubai Marina · completed 2017

1507, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in April 2021, and rented once, from December 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 13 April 2021
Last soldAED 1.69M13 April 2021
Current rentAED 296K /yr4 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1507, Marina Arcade Tower

What is 1507 worth today?

Last sold for AED 1,689,819 in 2021

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13 Apr 2021Sold by developerReady
AED 1,689,819AED 1,400 per sqft
4 Dec 2018RentedNew contract
AED 295,718/yr24 months · AED 245 per sqft

Source: Dubai Land Department. Updated 13 April 2021.

Key facts

Type
2-bed apartment
Size
1,207 sqft
Parking
LB-83
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 19,000 /yr
Last sold
AED 1.69M · April 2021
Building
Marina Arcade Tower

About 1507, Marina Arcade Tower

1507 is a two-bedroom apartment of 1,207 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 13 April 2021 for AED 1,689,819, or AED 1,400 per sqft, 5% above the AED 1,338 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 4 December 2018. The current contract, signed on 4 December 2018, is AED 295,718 a year: a gross yield of 17.5% on the 2021 price, before the service charge of about AED 19,000 a year.

Sales and rents for 1507 over time

Sales
Unit 1507, 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, April 2021: AED 1,689,819 (AED 1,400 per sqft)

1507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1507, each contractTypical two-bed in Marina Arcade Tower
100K200K300K2017202020232026Typical 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, December 2018: AED 295,718 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 1507 sits

All 196 2-beds →

1507 last sold in April 2021 at AED 1,400 per sqft, 5% above what two-beds in Marina Arcade Tower were fetching at the time (AED 1,338). 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. 1507's AED 295,718 is at the top 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 →

1507, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 13 April 2021 for AED 1,689,819, or AED 1,400 per sqft.
  • Rented since December 2018 on one Ejari contract, at AED 295,718 a year.
  • At AED 295,718 a year the gross yield on the 2021 price is 17.5%, before a service charge of about AED 19,000 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 13 April 2021.

Questions about 1507, Marina Arcade Tower

What did unit 1507 last sell for?

AED 1,689,819 on 13 April 2021, sold by the developer: AED 1,400 per sqft for 1,207 sqft. It is the only registered sale of the unit.

What is the rent for unit 1507?

AED 295,718 a year on the contract signed on 4 December 2018.

How big is unit 1507?

1,207 sqft (112.1 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 1507 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 1507, Marina Arcade Tower

Starts from the last sale price (AED 1.69M, 13 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,689,819
Deposit, UAE resident (20%)
AED 337,964
Deposit, non-resident (40%)
AED 675,928
Monthly over 25 years at 3.7%
AED 6,914

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