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

2908, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in August 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2908 · DLD and Ejari recordsUpdated 3 August 2023
Last soldAED 2.25M3 August 2023
Current rentAED 101K /yr21 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2908, Marina Arcade Tower

What is 2908 worth today?

Last sold for AED 2,245,500 in 2023

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3 Aug 2023Sold by developerReady
AED 2,245,500AED 1,358 per sqft
21 Aug 2022RentedNew contract
AED 101,308/yr8 months · AED 61 per sqft
31 Jul 2021RentedNew contract
AED 86,512/yr12 months · AED 52 per sqft

Source: Dubai Land Department. Updated 3 August 2023.

Key facts

Type
2-bed apartment
Size
1,653 sqft
Parking
G-51
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 26,100 /yr
Last sold
AED 2.25M · August 2023
Building
Marina Arcade Tower

About 2908, Marina Arcade Tower

2908 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 3 August 2023 for AED 2,245,500, or AED 1,358 per sqft, 6% below the AED 1,452 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 21 August 2022, is AED 101,308 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 26,100 a year.

Sales and rents for 2908 over time

Sales
Unit 2908, 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, August 2023: AED 2,245,500 (AED 1,358 per sqft)

2908 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2908, 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, July 2021: AED 86,512 a yearNew contract, August 2022: AED 101,308 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 2908 sits

All 196 2-beds →

2908 last sold in August 2023 at AED 1,358 per sqft, 6% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,452). 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. 2908's AED 101,308 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 →

2908, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 3 August 2023 for AED 2,245,500, or AED 1,358 per sqft.
  • Rented since July 2021 on 2 Ejari contracts, from AED 86,512 to AED 101,308 a year.
  • At AED 101,308 a year the gross yield on the 2023 price is 4.5%, 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 3 August 2023.

Questions about 2908, Marina Arcade Tower

What did unit 2908 last sell for?

AED 2,245,500 on 3 August 2023, sold by the developer: AED 1,358 per sqft for 1,653 sqft. It is the only registered sale of the unit.

What is the rent for unit 2908?

AED 101,308 a year on the contract signed on 21 August 2022. The previous contract, from July 2021, was AED 86,512.

How big is unit 2908?

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

What is unit 2908 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 2908, Marina Arcade Tower

Starts from the last sale price (AED 2.25M, 3 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,245,500
Deposit, UAE resident (20%)
AED 449,100
Deposit, non-resident (40%)
AED 898,200
Monthly over 25 years at 3.7%
AED 9,187

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