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2-bed · 1,652 sqftMarina Arcade Tower, Dubai Marina · completed 2017

508, Marina Arcade Tower

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

Unit 508 · DLD and Ejari recordsUpdated 25 October 2024
Last soldAED 2.5M23 October 2024
Current rentAED 60K /yr25 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Marina Arcade Tower

What is 508 worth today?

Last sold for AED 2,500,000 in 2024

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25 Oct 2024RentedNew contract
AED 60,000/yr12 months · AED 36 per sqft
25 Oct 2024RentedNew contract
AED 60,000/yr12 months · AED 36 per sqft
23 Oct 2024SoldReady
AED 2,500,000AED 1,513 per sqft
5 Aug 2017RentedNew contract
AED 130,000/yr13 months · AED 79 per sqft
24 Jul 2017Sold by developerReady
AED 2,132,507AED 1,290 per sqft

Source: Dubai Land Department. Updated 25 October 2024.

Key facts

Type
2-bed apartment
Size
1,652 sqft
Parking
UB-106
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 26,000 /yr
Last sold
AED 2.5M · October 2024
Building
Marina Arcade Tower

About 508, Marina Arcade Tower

508 is a two-bedroom apartment of 1,652 sqft of Marina Arcade Tower, a 45-storey tower in Dubai Marina completed in 2017 by Marina Arcade Real Estate. It last sold on 23 October 2024 for AED 2,500,000, or AED 1,513 per sqft, in line with the AED 1,513 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 25 October 2024, is AED 60,000 a year: a gross yield of 2.4% on the 2024 price, before the service charge of about AED 26,000 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, July 2017: AED 2,132,507 (AED 1,290 per sqft)Sold, October 2024: AED 2,500,000 (AED 1,513 per sqft)

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

Rents
Unit 508, each contractTypical two-bed in Marina Arcade Tower
50K100K150K2017202020232026Typical 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, August 2017: AED 130,000 a yearNew contract, October 2024: AED 60,000 a yearNew contract, October 2024: AED 60,000 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 508 sits

All 196 2-beds →

508 last sold in October 2024 at AED 1,513 per sqft, in line with what two-beds in Marina Arcade Tower were fetching at the time (AED 1,513). 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. 508's AED 60,000 is at the bottom 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 →

508, Marina Arcade Tower in numbers

  • Sold twice: first on 24 July 2017 for AED 2,132,507, last on 23 October 2024 for AED 2,500,000 (AED 1,513 per sqft).
  • Rented since August 2017 on 3 Ejari contracts, from AED 130,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 2.4%, before a service charge of about AED 26,000 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 25 October 2024.

Questions about 508, Marina Arcade Tower

What did unit 508 last sell for?

AED 2,500,000 on 23 October 2024: AED 1,513 per sqft for 1,652 sqft. The unit has 2 registered sales; the first was AED 2,132,507 in July 2017.

What is the rent for unit 508?

AED 60,000 a year on the contract signed on 25 October 2024. The previous contract, from October 2024, was AED 60,000; the unit has been rented since August 2017.

How big is unit 508?

1,652 sqft (153.5 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 508 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 508, Marina Arcade Tower

Starts from the last sale price (AED 2.5M, 23 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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