2-bed · 1,164 sqftMarina Arcade Tower, Dubai Marina · completed 2017

2302, Marina Arcade Tower

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 1.7M14 June 2024
Current rentAED 105K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2302, Marina Arcade Tower

What is 2302 worth today?

Last sold for AED 1,700,000 in 2024

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14 Jun 2024SoldReady
AED 1,700,000AED 1,461 per sqft
1 Mar 2023RentedRenewal
AED 105,000/yr12 months · AED 90 per sqft
1 Mar 2022RentedNew contract
AED 100,000/yr12 months · AED 86 per sqft
14 Nov 2020RentedNew contract
AED 72,000/yr12 months · AED 62 per sqft
1 Oct 2019RentedNew contract
AED 100,000/yr12 months · AED 86 per sqft
9 Sep 2018RentedRenewal
AED 110,000/yr12 months · AED 95 per sqft
9 Sep 2017RentedNew contract
AED 120,000/yr12 months · AED 103 per sqft
7 Dec 2016SoldOff-plan
AED 1,400,000AED 1,203 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
2-bed apartment
Size
1,164 sqft
Parking
1F-47
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 18,300 /yr
Last sold
AED 1.7M · June 2024

About 2302, Marina Arcade Tower

2302 is a two-bedroom apartment of 1,164 sqft of Marina Arcade Tower, a 45-storey tower in Dubai Marina completed in 2017 by Marina Arcade Real Estate. It last sold on 14 June 2024 for AED 1,700,000, or AED 1,461 per sqft, in line with the AED 1,453 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 105,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 18,300 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, 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 2016: AED 1,920,150 (AED 1,650 per sqft)Sold, December 2016: AED 1,400,000 (AED 1,203 per sqft)Sold, June 2024: AED 1,700,000 (AED 1,461 per sqft)

2302 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2302, 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, September 2017: AED 120,000 a yearRenewal, September 2018: AED 110,000 a yearNew contract, October 2019: AED 100,000 a yearNew contract, November 2020: AED 72,000 a yearNew contract, March 2022: AED 100,000 a yearRenewal, March 2023: AED 105,000 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 2302 sits

All 196 2-beds →

2302 last sold in June 2024 at AED 1,461 per sqft, in line with what two-beds in Marina Arcade Tower were fetching at the time (AED 1,453). 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. 2302's AED 105,000 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 →

2302, Marina Arcade Tower in numbers

  • Sold 3 times: first on 13 April 2016 for AED 1,920,150, last on 14 June 2024 for AED 1,700,000 (AED 1,461 per sqft).
  • Rented since September 2017 on 6 Ejari contracts. The rent fell from AED 120,000 to AED 72,000 in 2020 and recovered to AED 105,000 by March 2023.
  • At AED 105,000 a year the gross yield on the 2024 price is 6.2%, 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 14 June 2024.

Questions about 2302, Marina Arcade Tower

What did unit 2302 last sell for?

AED 1,700,000 on 14 June 2024: AED 1,461 per sqft for 1,164 sqft. The unit has 3 registered sales; the first was AED 1,920,150 in April 2016.

What is the rent for unit 2302?

AED 105,000 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 100,000; the unit has been rented since September 2017.

How big is unit 2302?

1,164 sqft (108.1 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 2302 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 2302, Marina Arcade Tower

Starts from the last sale price (AED 1.7M, 14 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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