1-bed · 1,011 sqftMarina Heights Tower, Dubai Marina · 24th floor · completed 2006

2407, Marina Heights Tower

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 17 June 2022
Last soldAED 1.1M17 June 2022
Current rentAED 70K /yr12 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2407, Marina Heights Tower

What is 2407 worth today?

Last sold for AED 1,100,000 in 2022

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17 Jun 2022SoldReady
AED 1,100,000AED 1,088 per sqft
12 Feb 2022RentedRenewal
AED 70,000/yr6 months · AED 70 per sqft
12 Feb 2021RentedRenewal
AED 63,000/yr12 months · AED 63 per sqft
12 Feb 2020RentedNew contract
AED 63,000/yr12 months · AED 63 per sqft
27 Oct 2019RentedNew contract
AED 70,000/yr12 months · AED 69 per sqft
13 Sep 2018RentedNew contract
AED 78,000/yr12 months · AED 77 per sqft
1 Sep 2017RentedNew contract
AED 90,000/yr12 months · AED 89 per sqft
23 Mar 2017SoldReady
AED 900,000AED 981 per sqft

Source: Dubai Land Department. Updated 17 June 2022.

Key facts

Type
1-bed apartment
Size
1,011 sqft
Floor
24th of 53
Parking
B2-55
Developer
SRG
Completed
2006
Service charge
AED 18,100 /yr
Last sold
AED 1.1M · June 2022

About 2407, Marina Heights Tower

2407 is a one-bedroom apartment of 1,011 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 17 June 2022 for AED 1,100,000, or AED 1,088 per sqft, 5% above the AED 1,033 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 12 February 2022, is AED 70,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 18,100 a year.

Sales and rents for 2407 over time

Sales
Unit 2407, 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, June 2009: AED 832,280 (AED 907 per sqft)Sold, March 2017: AED 900,000 (AED 981 per sqft)Sold, June 2022: AED 1,100,000 (AED 1,088 per sqft)

2407 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2407, 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, May 2014: AED 70,000 a yearNew contract, September 2016: AED 90,000 a yearNew contract, September 2017: AED 90,000 a yearNew contract, September 2018: AED 78,000 a yearNew contract, October 2019: AED 70,000 a yearNew contract, February 2020: AED 63,000 a yearRenewal, February 2021: AED 63,000 a yearRenewal, February 2022: AED 70,000 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 2407 sits

All 89 1-beds →

2407 last sold in June 2022 at AED 1,088 per sqft, 5% above what one-beds in Marina Heights Tower were fetching at the time (AED 1,033). 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. 2407's AED 70,000 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 24th floor

All 375 units in Marina Heights Tower
Value
24012-bedAED 1.58M · Oct 2016
24032-bedAED 932K · Jan 2009
24042-bedAED 1.85M · Jun 2017
24052-bedAED 1.7M · Oct 2016
24061-bedAED 831K · Apr 2009
24081-bedAED 1.09M · Sep 2013
24091-bedAED 513K · Mar 2009
1–7 of 9

2407, Marina Heights Tower in numbers

  • Sold 3 times: first on 1 June 2009 for AED 832,280, last on 17 June 2022 for AED 1,100,000 (AED 1,088 per sqft).
  • Rented since May 2014 on 8 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2022 price is 6.4%, 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 17 June 2022.

Questions about 2407, Marina Heights Tower

What did unit 2407 last sell for?

AED 1,100,000 on 17 June 2022: AED 1,088 per sqft for 1,011 sqft. The unit has 3 registered sales; the first was AED 832,280 in June 2009.

What is the rent for unit 2407?

AED 70,000 a year on the contract renewed on 12 February 2022. The previous contract, from February 2021, was AED 63,000; the unit has been rented since May 2014.

How big is unit 2407?

1,011 sqft (93.9 sqm): a one-bedroom apartment on the 24th floor of a 53-storey tower completed in 2006.

What is unit 2407 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 2407, Marina Heights Tower

Starts from the last sale price (AED 1.1M, 17 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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