1-bed · 685 sqftMarina Heights Tower, Dubai Marina · 23rd floor · completed 2006

2308, Marina Heights Tower

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2308 · DLD and Ejari recordsUpdated 1 September 2021
Last soldAED 580K8 April 2009
Current rentAED 50K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2308, Marina Heights Tower

What is 2308 worth today?

Last sold for AED 579,861 in 2009

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1 Sep 2021RentedNew contract
AED 50,000/yr12 months · AED 67 per sqft
20 Jul 2020RentedRenewal
AED 65,000/yr13 months · AED 87 per sqft
20 Jul 2019RentedNew contract
AED 65,000/yr12 months · AED 87 per sqft
20 Jul 2018RentedNew contract
AED 65,000/yr12 months · AED 87 per sqft
20 Apr 2014RentedNew contract
AED 81,000/yr12 months · AED 118 per sqft
20 Apr 2013RentedNew contract
AED 70,000/yr12 months · AED 102 per sqft
8 Apr 2009Sold by developerReady
AED 579,861AED 847 per sqft

Source: Dubai Land Department. Updated 1 September 2021.

Key facts

Type
1-bed apartment
Size
685 sqft
Floor
23rd of 53
Parking
B2-46
Developer
SRG
Completed
2006
Service charge
AED 12,300 /yr
Last sold
AED 580K · April 2009

About 2308, Marina Heights Tower

2308 is a one-bedroom apartment of 685 sqft on the 23rd floor of Marina Heights Tower, a 53-storey tower in Dubai Marina completed in 2006 by SRG. The developer sold it on 8 April 2009 for AED 579,861, or AED 847 per sqft, 16% above the AED 730 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 September 2021, is AED 50,000 a year: a gross yield of 8.6% on the 2009 price, before the service charge of about AED 12,300 a year.

Sales and rents for 2308 over time

Sales
Unit 2308, 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, April 2009: AED 579,861 (AED 847 per sqft)

2308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2308, 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, April 2013: AED 70,000 a yearNew contract, April 2014: AED 81,000 a yearNew contract, July 2018: AED 65,000 a yearNew contract, July 2019: AED 65,000 a yearRenewal, July 2020: AED 65,000 a yearNew contract, September 2021: AED 50,000 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 2308 sits

All 89 1-beds →

2308 last sold in April 2009 at AED 847 per sqft, 16% above what one-beds in Marina Heights Tower were fetching at the time (AED 730). 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. 2308's AED 50,000 is at the bottom 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 23rd floor

All 375 units in Marina Heights Tower
Value
23012-bedAED 1.35M · Jan 2019
23022-bedAED 2.3M · May 2023
23032-bedAED 1.1M · Jun 2020
23042-bedAED 1.2M · Jun 2010
23052-bedAED 1.45M · Mar 2013
23061-bedAED 1.45M · Apr 2014
23071-bedAED 817K · Apr 2021
1–7 of 10

2308, Marina Heights Tower in numbers

  • Sold once: by SRG on 8 April 2009 for AED 579,861, or AED 847 per sqft.
  • Rented since April 2013 on 6 Ejari contracts, from AED 70,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2009 price is 8.6%, before a service charge of about AED 12,300 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 1 September 2021.

Questions about 2308, Marina Heights Tower

What did unit 2308 last sell for?

AED 579,861 on 8 April 2009, sold by the developer: AED 847 per sqft for 685 sqft. It is the only registered sale of the unit.

What is the rent for unit 2308?

AED 50,000 a year on the contract signed on 1 September 2021. The previous contract, from July 2020, was AED 65,000; the unit has been rented since April 2013.

How big is unit 2308?

685 sqft (63.6 sqm): a one-bedroom apartment on the 23rd floor of a 53-storey tower completed in 2006.

What is unit 2308 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 2308, Marina Heights Tower

Starts from the last sale price (AED 580K, 8 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 579,861
Deposit, UAE resident (20%)
AED 115,972
Deposit, non-resident (40%)
AED 231,944
Monthly over 25 years at 3.7%
AED 2,372

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