2-bed · 1,653 sqftMarina Arcade Tower, Dubai Marina · completed 2017

1508, Marina Arcade Tower

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

Unit 1508 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 2.16M30 November 2016
Current rentAED 126K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1508, Marina Arcade Tower

What is 1508 worth today?

Last sold for AED 2,159,417 in 2016

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1 Sep 2024RentedRenewal
AED 126,000/yr12 months · AED 76 per sqft
1 Sep 2024RentedRenewal
AED 126,000/yr12 months · AED 76 per sqft
1 Sep 2023RentedRenewal
AED 120,000/yr12 months · AED 72 per sqft
1 Sep 2022RentedRenewal
AED 120,000/yr12 months · AED 72 per sqft
1 Sep 2021RentedNew contract
AED 120,000/yr12 months · AED 72 per sqft
28 Nov 2019RentedNew contract
AED 110,000/yr12 months · AED 66 per sqft
15 Oct 2017RentedNew contract
AED 140,000/yr12 months · AED 84 per sqft
30 Nov 2016Sold by developerOff-plan
AED 2,159,417AED 1,306 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
1,653 sqft
Parking
UB-100
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 26,100 /yr
Last sold
AED 2.16M · November 2016

About 1508, Marina Arcade Tower

1508 is a two-bedroom apartment of 1,653 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 30 November 2016 for AED 2,159,417, or AED 1,306 per sqft, 11% below the AED 1,469 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 126,000 a year: a gross yield of 5.8% on the 2016 price, before the service charge of about AED 26,100 a year.

Sales and rents for 1508 over time

Sales
Unit 1508, 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, November 2016: AED 2,159,417 (AED 1,306 per sqft)

1508 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1508, each contractTypical two-bed in Marina Arcade Tower
100K125K2017202020232026Typical 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, October 2017: AED 140,000 a yearNew contract, November 2019: AED 110,000 a yearNew contract, September 2021: AED 120,000 a yearRenewal, September 2022: AED 120,000 a yearRenewal, September 2023: AED 120,000 a yearRenewal, September 2024: AED 126,000 a yearRenewal, September 2024: AED 126,000 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 1508 sits

All 196 2-beds →

1508 last sold in November 2016 at AED 1,306 per sqft, 11% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,469). 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. 1508's AED 126,000 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 →

1508, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 30 November 2016 for AED 2,159,417, or AED 1,306 per sqft.
  • Rented since October 2017 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 110,000 in 2019 and recovered to AED 126,000 by September 2024.
  • At AED 126,000 a year the gross yield on the 2016 price is 5.8%, before a service charge of about AED 26,100 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 1 September 2024.

Questions about 1508, Marina Arcade Tower

What did unit 1508 last sell for?

AED 2,159,417 on 30 November 2016, sold by the developer: AED 1,306 per sqft for 1,653 sqft. It is the only registered sale of the unit.

What is the rent for unit 1508?

AED 126,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2024, was AED 126,000; the unit has been rented since October 2017.

How big is unit 1508?

1,653 sqft (153.6 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 1508 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 1508, Marina Arcade Tower

Starts from the last sale price (AED 2.16M, 30 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,159,417
Deposit, UAE resident (20%)
AED 431,883
Deposit, non-resident (40%)
AED 863,767
Monthly over 25 years at 3.7%
AED 8,835

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