2-bed · 1,292 sqftMarina Heights Tower, Dubai Marina · 24th floor · completed 2006

2404, Marina Heights Tower

Sold prices and rental history: sold twice, last in June 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 11 June 2017
Last soldAED 1.85M11 June 2017
Current rentAED 136K /yr11 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2404, Marina Heights Tower

What is 2404 worth today?

Last sold for AED 1,850,000 in 2017

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11 Jun 2017SoldReady
AED 1,850,000AED 1,432 per sqft
11 Jan 2016RentedNew contract
AED 136,000/yr12 months · AED 105 per sqft
1 Nov 2013RentedNew contract
AED 110,000/yr12 months · AED 85 per sqft
25 Jan 2010Sold by developerReady
AED 1,591,200AED 1,231 per sqft

Source: Dubai Land Department. Updated 11 June 2017.

Key facts

Type
2-bed apartment
Size
1,292 sqft
Floor
24th of 53
Parking
B2-52
Developer
SRG
Completed
2006
Service charge
AED 23,200 /yr
Last sold
AED 1.85M · June 2017

About 2404, Marina Heights Tower

2404 is a two-bedroom apartment of 1,292 sqft on the 24th floor of Marina Heights Tower, a 53-storey tower in Dubai Marina completed in 2006 by SRG. It last sold on 11 June 2017 for AED 1,850,000, or AED 1,432 per sqft, 9% above the AED 1,318 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 11 January 2016, is AED 136,000 a year: a gross yield of 7.3% on the 2017 price, before the service charge of about AED 23,200 a year.

Sales and rents for 2404 over time

Sales
Unit 2404, 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, January 2010: AED 1,591,200 (AED 1,231 per sqft)Sold, June 2017: AED 1,850,000 (AED 1,432 per sqft)

2404 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2404, each contractTypical two-bed in Marina Heights Tower
100K20112015201920232027Typical 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, November 2013: AED 110,000 a yearNew contract, January 2016: AED 136,000 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 2404 sits

All 181 2-beds →

2404 last sold in June 2017 at AED 1,432 per sqft, 9% above what two-beds in Marina Heights Tower were fetching at the time (AED 1,318). 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. 2404's AED 136,000 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 24th floor

All 375 units in Marina Heights Tower
Value
24012-bedAED 1.58M · Oct 2016
24032-bedAED 932K · Jan 2009
24052-bedAED 1.7M · Oct 2016
24061-bedAED 831K · Apr 2009
24071-bedAED 1.1M · Jun 2022
24081-bedAED 1.09M · Sep 2013
24091-bedAED 513K · Mar 2009
1–7 of 9

2404, Marina Heights Tower in numbers

  • Sold twice: first on 25 January 2010 for AED 1,591,200, last on 11 June 2017 for AED 1,850,000 (AED 1,432 per sqft).
  • Rented since November 2013 on 2 Ejari contracts, from AED 110,000 to AED 136,000 a year.
  • At AED 136,000 a year the gross yield on the 2017 price is 7.3%, 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 11 June 2017.

Questions about 2404, Marina Heights Tower

What did unit 2404 last sell for?

AED 1,850,000 on 11 June 2017: AED 1,432 per sqft for 1,292 sqft. The unit has 2 registered sales; the first was AED 1,591,200 in January 2010.

What is the rent for unit 2404?

AED 136,000 a year on the contract signed on 11 January 2016. The previous contract, from November 2013, was AED 110,000.

How big is unit 2404?

1,292 sqft (120.0 sqm): a two-bedroom apartment on the 24th floor of a 53-storey tower completed in 2006.

What is unit 2404 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 2404, Marina Heights Tower

Starts from the last sale price (AED 1.85M, 11 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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