1-bed · 1,008 sqftMarina Heights Tower, Dubai Marina · 16th floor · completed 2006

1606, Marina Heights Tower

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 22 May 2023
Last soldAED 1.19M22 May 2023
Current rentAED 77K /yr2 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, Marina Heights Tower

What is 1606 worth today?

Last sold for AED 1,190,000 in 2023

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22 May 2023SoldReady
AED 1,190,000AED 1,180 per sqft
2 Mar 2023RentedRenewal
AED 76,900/yr12 months · AED 76 per sqft
2 Mar 2022RentedRenewal
AED 70,000/yr12 months · AED 69 per sqft
2 Mar 2021RentedRenewal
AED 67,000/yr12 months · AED 66 per sqft
2 Mar 2020RentedNew contract
AED 72,000/yr12 months · AED 71 per sqft
29 Nov 2018SoldReady
AED 900,000AED 893 per sqft
3 Mar 2013Sold by developerReady
AED 586,952AED 640 per sqft

Source: Dubai Land Department. Updated 22 May 2023.

Key facts

Type
1-bed apartment
Size
1,008 sqft
Floor
16th of 53
Parking
B3-37
Developer
SRG
Completed
2006
Service charge
AED 18,100 /yr
Last sold
AED 1.19M · May 2023

About 1606, Marina Heights Tower

1606 is a one-bedroom apartment of 1,008 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 22 May 2023 for AED 1,190,000, or AED 1,180 per sqft, in line with the AED 1,180 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 2 March 2023, is AED 76,900 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 18,100 a year.

Sales and rents for 1606 over time

Sales
Unit 1606, each saleTypical one-bed in Marina Heights Tower
500K1M1.5M20072012201720222027Typical sale price by year: 2007 AED 704,070; 2008 AED 718,830; 2009 AED 665,824; 2010 AED 703,337; 2011 AED 696,000; 2012 AED 574,814; 2013 AED 910,000; 2014 AED 1,350,000; 2015 AED 1,137,500; 2016 AED 1,275,000; 2017 AED 1,062,500; 2019 AED 765,000; 2022 AED 900,000; 2023 AED 1,150,000; 2024 AED 1,275,000; 2025 AED 1,375,000; 2026 AED 1,300,000Sold by developer, March 2013: AED 586,952 (AED 640 per sqft)Sold, November 2018: AED 900,000 (AED 893 per sqft)Sold, May 2023: AED 1,190,000 (AED 1,180 per sqft)

1606 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1606, each contractTypical one-bed in Marina Heights Tower
60K80K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 80,000; 2014 AED 86,000; 2015 AED 90,000; 2016 AED 90,478; 2017 AED 89,759; 2018 AED 75,000; 2019 AED 70,000; 2020 AED 56,200; 2021 AED 57,500; 2022 AED 68,650; 2023 AED 75,000; 2024 AED 90,000; 2025 AED 90,000; 2026 AED 85,000New contract, March 2020: AED 72,000 a yearRenewal, March 2021: AED 67,000 a yearRenewal, March 2022: AED 70,000 a yearRenewal, March 2023: AED 76,900 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Marina Heights Tower, and where 1606 sits

All 89 1-beds →

1606 last sold in May 2023 at AED 1,180 per sqft, in line with what one-beds in Marina Heights Tower were fetching at the time (AED 1,180). Over the last 12 months one-beds sold for AED 1,300,000, around AED 1,286 per sqft, and rent for AED 62,000 to 145,020 a year. 1606's AED 76,900 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Sep 20261,300,000
10 Aug 20261,300,000
19 Jun 20261,300,000
30 Jul 20251,215,000
3 1-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
16052-bedAED 1.58M · Apr 2024
16071-bedAED 1.3M · Jun 2026
16081-bedAED 1.02M · Mar 2010
16091-bedAED 638K · May 2007
1–7 of 9

1606, Marina Heights Tower in numbers

  • Sold 3 times: first on 3 March 2013 for AED 586,952, last on 22 May 2023 for AED 1,190,000 (AED 1,180 per sqft).
  • Rented since March 2020 on 4 Ejari contracts, from AED 72,000 to AED 76,900 a year.
  • At AED 76,900 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 18,100 a year (AED 17.95 per sqft).
  • One-beds in Marina Heights Tower sold for AED 1,300,000–1,300,000 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 22 May 2023.

Questions about 1606, Marina Heights Tower

What did unit 1606 last sell for?

AED 1,190,000 on 22 May 2023: AED 1,180 per sqft for 1,008 sqft. The unit has 3 registered sales; the first was AED 586,952 in March 2013.

What is the rent for unit 1606?

AED 76,900 a year on the contract renewed on 2 March 2023. The previous contract, from March 2022, was AED 70,000; the unit has been rented since March 2020.

How big is unit 1606?

1,008 sqft (93.6 sqm): a one-bedroom apartment on the 16th floor of a 53-storey tower completed in 2006.

What is unit 1606 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Heights Tower sold for AED 1,300,000 to 1,300,000 in the last 12 months, around AED 1,286 per sqft.

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Mortgage on 1606, Marina Heights Tower

Starts from the last sale price (AED 1.19M, 22 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,190,000
Deposit, UAE resident (20%)
AED 238,000
Deposit, non-resident (40%)
AED 476,000
Monthly over 25 years at 3.7%
AED 4,869

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