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2-bed · 1,192 sqftMarina Arcade Tower, Dubai Marina · completed 2017

507, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in April 2016, and rented once, from July 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 15 July 2019
Last soldAED 1.57M3 April 2016
Current rentAED 136K /yr15 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Marina Arcade Tower

What is 507 worth today?

Last sold for AED 1,565,461 in 2016

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15 Jul 2019RentedNew contract
AED 136,000/yr12 months · AED 114 per sqft
3 Apr 2016Sold by developerOff-plan
AED 1,565,461AED 1,313 per sqft

Source: Dubai Land Department. Updated 15 July 2019.

Key facts

Type
2-bed apartment
Size
1,192 sqft
Parking
LB-16
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 18,800 /yr
Last sold
AED 1.57M · April 2016
Building
Marina Arcade Tower

About 507, Marina Arcade Tower

507 is a two-bedroom apartment of 1,192 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 April 2016 for AED 1,565,461, or AED 1,313 per sqft, 23% below the AED 1,703 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 July 2019. The current contract, signed on 15 July 2019, is AED 136,000 a year: a gross yield of 8.7% on the 2016 price, before the service charge of about AED 18,800 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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 1,565,461 (AED 1,313 per sqft)

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

Rents
Unit 507, 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 2019: AED 136,000 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 507 sits

All 196 2-beds →

507 last sold in April 2016 at AED 1,313 per sqft, 23% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,703). 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. 507's AED 136,000 is in the upper 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 →

507, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 3 April 2016 for AED 1,565,461, or AED 1,313 per sqft.
  • Rented since July 2019 on one Ejari contract, at AED 136,000 a year.
  • At AED 136,000 a year the gross yield on the 2016 price is 8.7%, before a service charge of about AED 18,800 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 15 July 2019.

Questions about 507, Marina Arcade Tower

What did unit 507 last sell for?

AED 1,565,461 on 3 April 2016, sold by the developer: AED 1,313 per sqft for 1,192 sqft. It is the only registered sale of the unit.

What is the rent for unit 507?

AED 136,000 a year on the contract signed on 15 July 2019.

How big is unit 507?

1,192 sqft (110.7 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 507 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 507, Marina Arcade Tower

Starts from the last sale price (AED 1.57M, 3 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,565,461
Deposit, UAE resident (20%)
AED 313,092
Deposit, non-resident (40%)
AED 626,184
Monthly over 25 years at 3.7%
AED 6,405

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