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2-bed · 1,619 sqftMarina Arcade Tower, Dubai Marina · completed 2017

505, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in September 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 14 September 2023
Last soldAED 2.26M14 September 2023
Current rentAED 105K /yr28 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Marina Arcade Tower

What is 505 worth today?

Last sold for AED 2,255,000 in 2023

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14 Sep 2023Sold by developerReady
AED 2,255,000AED 1,393 per sqft
28 May 2022RentedRenewal
AED 105,000/yr12 months · AED 65 per sqft
28 Apr 2021RentedNew contract
AED 92,308/yr13 months · AED 57 per sqft
22 Sep 2019RentedNew contract
AED 115,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 14 September 2023.

Key facts

Type
2-bed apartment
Size
1,619 sqft
Parking
UB-107
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 25,500 /yr
Last sold
AED 2.26M · September 2023
Building
Marina Arcade Tower

About 505, Marina Arcade Tower

505 is a two-bedroom apartment of 1,619 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 14 September 2023 for AED 2,255,000, or AED 1,393 per sqft, 4% below the AED 1,447 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 28 May 2022, is AED 105,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 25,500 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, September 2023: AED 2,255,000 (AED 1,393 per sqft)

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

Rents
Unit 505, 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, September 2019: AED 115,000 a yearNew contract, April 2021: AED 92,308 a yearRenewal, May 2022: 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 505 sits

All 196 2-beds →

505 last sold in September 2023 at AED 1,393 per sqft, 4% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,447). 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. 505'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 →

505, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 14 September 2023 for AED 2,255,000, or AED 1,393 per sqft.
  • Rented since September 2019 on 3 Ejari contracts. The rent fell from AED 115,000 to AED 92,308 in 2021 and recovered to AED 105,000 by May 2022.
  • At AED 105,000 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 25,500 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 September 2023.

Questions about 505, Marina Arcade Tower

What did unit 505 last sell for?

AED 2,255,000 on 14 September 2023, sold by the developer: AED 1,393 per sqft for 1,619 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 105,000 a year on the contract renewed on 28 May 2022. The previous contract, from April 2021, was AED 92,308; the unit has been rented since September 2019.

How big is unit 505?

1,619 sqft (150.4 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 505 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 505, Marina Arcade Tower

Starts from the last sale price (AED 2.26M, 14 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,255,000
Deposit, UAE resident (20%)
AED 451,000
Deposit, non-resident (40%)
AED 902,000
Monthly over 25 years at 3.7%
AED 9,226

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