2-bed · 1,430 sqftMarina Heights Tower, Dubai Marina · 16th floor · completed 2006

1605, Marina Heights Tower

Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 26 October 2024
Last soldAED 1.58M15 April 2024
Current rentAED 108K /yr26 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1605, Marina Heights Tower

What is 1605 worth today?

Last sold for AED 1,575,000 in 2024

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26 Oct 2024RentedRenewal
AED 108,289/yr6 months · AED 76 per sqft
26 Oct 2024RentedRenewal
AED 108,289/yr6 months · AED 76 per sqft
15 Apr 2024SoldReady
AED 1,575,000AED 1,101 per sqft
15 Apr 2024RentedNew contract
AED 94,586/yr6 months · AED 66 per sqft
15 Apr 2024RentedNew contract
AED 94,586/yr6 months · AED 66 per sqft
26 Oct 2023RentedRenewal
AED 94,500/yr12 months · AED 66 per sqft
26 Oct 2022RentedRenewal
AED 84,000/yr12 months · AED 59 per sqft
26 Oct 2021RentedNew contract
AED 80,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 26 October 2024.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Floor
16th of 53
Parking
B3-36
Developer
SRG
Completed
2006
Service charge
AED 25,700 /yr
Last sold
AED 1.58M · April 2024

About 1605, Marina Heights Tower

1605 is a two-bedroom apartment of 1,430 sqft on the 16th floor of Marina Heights Tower, a 53-storey tower in Dubai Marina completed in 2006 by SRG. It last sold on 15 April 2024 for AED 1,575,000, or AED 1,101 per sqft, 12% below the AED 1,255 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 13 Ejari contracts. The current contract, renewed on 26 October 2024, is AED 108,289 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 25,700 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, 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, February 2009: AED 980,407 (AED 759 per sqft)Sold, April 2024: AED 1,575,000 (AED 1,101 per sqft)

1605 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1605, each contractTypical two-bed in Marina Heights Tower
75K100K125K20112015201920232027Typical 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 110,000 a yearRenewal, February 2016: AED 118,000 a yearRenewal, February 2017: AED 118,000 a yearNew contract, August 2018: AED 99,000 a yearRenewal, August 2019: AED 90,000 a yearRenewal, August 2020: AED 90,000 a yearNew contract, October 2021: AED 80,000 a yearRenewal, October 2022: AED 84,000 a yearRenewal, October 2023: AED 94,500 a yearNew contract, April 2024: AED 94,586 a yearNew contract, April 2024: AED 94,586 a yearRenewal, October 2024: AED 108,289 a yearRenewal, October 2024: AED 108,289 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 1605 sits

All 181 2-beds →

1605 last sold in April 2024 at AED 1,101 per sqft, 12% below what two-beds in Marina Heights Tower were fetching at the time (AED 1,255). 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. 1605's AED 108,289 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 16th floor

All 375 units in Marina Heights Tower
Value
16012-bedAED 1.7M · Jun 2022
16032-bedAED 775K · Aug 2017
16042-bedAED 2M · Aug 2026
16061-bedAED 1.19M · May 2023
16071-bedAED 1.3M · Jun 2026
16081-bedAED 1.02M · Mar 2010
16091-bedAED 638K · May 2007
1–7 of 9

1605, Marina Heights Tower in numbers

  • Sold twice: first on 25 February 2009 for AED 980,407, last on 15 April 2024 for AED 1,575,000 (AED 1,101 per sqft).
  • Rented since February 2015 on 13 Ejari contracts. The rent fell from AED 110,000 to AED 80,000 in 2021 and recovered to AED 108,289 by October 2024.
  • At AED 108,289 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 25,700 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 26 October 2024.

Questions about 1605, Marina Heights Tower

What did unit 1605 last sell for?

AED 1,575,000 on 15 April 2024: AED 1,101 per sqft for 1,430 sqft. The unit has 2 registered sales; the first was AED 980,407 in February 2009.

What is the rent for unit 1605?

AED 108,289 a year on the contract renewed on 26 October 2024. The previous contract, from October 2024, was AED 108,289; the unit has been rented since February 2015.

How big is unit 1605?

1,430 sqft (132.9 sqm): a two-bedroom apartment on the 16th floor of a 53-storey tower completed in 2006.

What is unit 1605 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 1605, Marina Heights Tower

Starts from the last sale price (AED 1.58M, 15 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,575,000
Deposit, UAE resident (20%)
AED 315,000
Deposit, non-resident (40%)
AED 630,000
Monthly over 25 years at 3.7%
AED 6,444

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