2-bed · 1,292 sqftMarina Heights Tower, Dubai Marina · 14th floor · completed 2006

1405, Marina Heights Tower

Sold prices and rental history: sold once, by the developer in May 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1405 · DLD and Ejari recordsUpdated 1 July 2023
Last soldAED 952K23 May 2013
Current rentAED 120K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1405, Marina Heights Tower

What is 1405 worth today?

Last sold for AED 951,989 in 2013

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1 Jul 2023RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft
2 Jun 2022RentedRenewal
AED 86,689/yr18 months · AED 61 per sqft
1 Jun 2021RentedNew contract
AED 77,784/yr12 months · AED 54 per sqft
12 Jan 2020RentedNew contract
AED 94,745/yr12 months · AED 66 per sqft
3 Feb 2015RentedNew contract
AED 160,000/yr12 months · AED 124 per sqft
23 May 2013Sold by developerReady
AED 951,989AED 737 per sqft

Source: Dubai Land Department. Updated 1 July 2023.

Key facts

Type
2-bed apartment
Size
1,292 sqft
Floor
14th of 53
Parking
B3-15
Developer
SRG
Completed
2006
Service charge
AED 23,200 /yr
Last sold
AED 952K · May 2013

About 1405, Marina Heights Tower

1405 is a two-bedroom apartment of 1,292 sqft on the 14th floor of Marina Heights Tower, a 53-storey tower in Dubai Marina completed in 2006 by SRG. The developer sold it on 23 May 2013 for AED 951,989, or AED 737 per sqft, 26% below the AED 998 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 July 2023, is AED 120,000 a year: a gross yield of 12.6% on the 2013 price, before the service charge of about AED 23,200 a year.

Sales and rents for 1405 over time

Sales
Unit 1405, each saleTypical two-bed in Marina Heights Tower
1M2M20072012201720222027Typical sale price by year: 2007 AED 1,422,755; 2008 AED 1,134,714; 2009 AED 998,136; 2010 AED 1,008,824; 2011 AED 983,588; 2012 AED 1,100,000; 2013 AED 1,430,000; 2014 AED 1,500,000; 2015 AED 1,800,000; 2016 AED 1,610,000; 2017 AED 1,560,000; 2018 AED 1,120,000; 2019 AED 1,243,320; 2020 AED 1,035,000; 2021 AED 1,205,000; 2022 AED 1,420,944; 2023 AED 1,711,134; 2024 AED 2,000,000; 2025 AED 2,000,000; 2026 AED 2,290,000Sold by developer, May 2013: AED 951,989 (AED 737 per sqft)

1405 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1405, each contractTypical two-bed in Marina Heights Tower
100K150K20112015201920232027Typical rent by year: 2011 AED 95,000; 2012 AED 95,000; 2013 AED 110,000; 2014 AED 125,000; 2015 AED 130,000; 2016 AED 126,788; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 75,000; 2021 AED 80,000; 2022 AED 91,000; 2023 AED 106,480; 2024 AED 121,000; 2025 AED 126,000; 2026 AED 122,000New contract, February 2015: AED 160,000 a yearNew contract, January 2020: AED 94,745 a yearNew contract, June 2021: AED 77,784 a yearRenewal, June 2022: AED 86,689 a yearNew contract, July 2023: AED 120,000 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 Heights Tower, and where 1405 sits

All 181 2-beds →

1405 last sold in May 2013 at AED 737 per sqft, 26% below what two-beds in Marina Heights Tower were fetching at the time (AED 998). Over the last 12 months two-beds sold for AED 1,700,000 to 2,550,000, around AED 1,519 per sqft, and rent for AED 85,000 to 350,000 a year. 1405's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Oct 20262,490,000
16 Sep 20262,550,000
6 Aug 20262,000,000
27 Jul 202642,131
11 2-bed sales in the last 12 months

Marina Heights Tower

Building

375 apartments, 1-bed to 5-bed over 53 floors in Dubai Marina, completed in 2006 by SRG. 16 sold in the last 12 months.

Typical price per sqft
AED 1,448 Down 0.2%
Typical sale
AED 1.98M
Typical rent
AED 120K /yr
Typical yield
6.5%
Marina Heights Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 375 units in Marina Heights Tower
Value
14012-bedAED 2.13M · Dec 2024
14032-bedAED 1.15M · May 2011
14042-bedAED 1.7M · Oct 2022
14061-bedAED 1M · Mar 2013
14071-bedAED 1.35M · Dec 2024
14081-bedAED 424K · Jan 2011
14091-bedAED 1.05M · Nov 2023
1–7 of 9

1405, Marina Heights Tower in numbers

  • Sold once: by SRG on 23 May 2013 for AED 951,989, or AED 737 per sqft.
  • Rented since February 2015 on 5 Ejari contracts. The rent fell from AED 160,000 to AED 77,784 in 2021 and recovered to AED 120,000 by July 2023.
  • At AED 120,000 a year the gross yield on the 2013 price is 12.6%, before a service charge of about AED 23,200 a year (AED 17.95 per sqft).
  • Two-beds in Marina Heights Tower sold for AED 1,700,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,448 per sqft.

Source: Dubai Land Department. Updated 1 July 2023.

Questions about 1405, Marina Heights Tower

What did unit 1405 last sell for?

AED 951,989 on 23 May 2013, sold by the developer: AED 737 per sqft for 1,292 sqft. It is the only registered sale of the unit.

What is the rent for unit 1405?

AED 120,000 a year on the contract signed on 1 July 2023. The previous contract, from June 2022, was AED 86,689; the unit has been rented since February 2015.

How big is unit 1405?

1,292 sqft (120.0 sqm): a two-bedroom apartment on the 14th floor of a 53-storey tower completed in 2006.

What is unit 1405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Heights Tower sold for AED 1,700,000 to 2,550,000 in the last 12 months, around AED 1,519 per sqft.

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Mortgage on 1405, Marina Heights Tower

Starts from the last sale price (AED 952K, 23 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 951,989
Deposit, UAE resident (20%)
AED 190,398
Deposit, non-resident (40%)
AED 380,796
Monthly over 25 years at 3.7%
AED 3,895

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