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2-bed · 1,647 sqftMarina Heights Tower, Dubai Marina · 3rd floor · completed 2006

302, Marina Heights Tower

Sold prices and rental history: sold once, by the developer in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 16 February 2023
Last soldAED 2M16 February 2023
Current rentAED 110K /yr12 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, Marina Heights Tower

What is 302 worth today?

Last sold for AED 2,000,888 in 2023

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16 Feb 2023Sold by developerReady
AED 2,000,888AED 1,214 per sqft
12 Dec 2022RentedNew contract
AED 110,000/yr6 months · AED 67 per sqft
12 Dec 2021RentedNew contract
AED 100,000/yr12 months · AED 61 per sqft
12 Dec 2021RentedNew contract
AED 95,000/yr12 months · AED 58 per sqft
3 Feb 2019RentedNew contract
AED 100,000/yr13 months · AED 61 per sqft
5 Oct 2015RentedRenewal
AED 123,913/yr12 months · AED 74 per sqft
5 Oct 2014RentedRenewal
AED 107,750/yr12 months · AED 64 per sqft
5 Oct 2013RentedNew contract
AED 95,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 16 February 2023.

Key facts

Type
2-bed apartment
Size
1,647 sqft
Floor
3rd of 53
Parking
P3-37
Developer
SRG
Completed
2006
Service charge
AED 29,600 /yr
Last sold
AED 2M · February 2023
Building
Marina Heights Tower

About 302, Marina Heights Tower

302 is a two-bedroom apartment of 1,647 sqft on the 3rd floor of Marina Heights Tower, a 53-storey tower in Dubai Marina completed in 2006 by SRG. The developer sold it on 16 February 2023 for AED 2,000,888, or AED 1,214 per sqft, 12% above the AED 1,086 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 12 December 2022, is AED 110,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 29,600 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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 2023: AED 2,000,888 (AED 1,214 per sqft)

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

Rents
Unit 302, 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, October 2013: AED 95,000 a yearRenewal, October 2014: AED 107,750 a yearRenewal, October 2015: AED 123,913 a yearNew contract, February 2019: AED 100,000 a yearNew contract, December 2021: AED 100,000 a yearNew contract, December 2021: AED 95,000 a yearNew contract, December 2022: AED 110,000 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 302 sits

All 181 2-beds →

302 last sold in February 2023 at AED 1,214 per sqft, 12% above what two-beds in Marina Heights Tower were fetching at the time (AED 1,086). 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. 302's AED 110,000 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 3rd floor

All 375 units in Marina Heights Tower
Value
3012-bedAED 2.6M · Sep 2023
3034-bedAED 2.95M · Jan 2008

302, Marina Heights Tower in numbers

  • Sold once: by SRG on 16 February 2023 for AED 2,000,888, or AED 1,214 per sqft.
  • Rented since October 2013 on 7 Ejari contracts, from AED 95,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 5.5%, before a service charge of about AED 29,600 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 16 February 2023.

Questions about 302, Marina Heights Tower

What did unit 302 last sell for?

AED 2,000,888 on 16 February 2023, sold by the developer: AED 1,214 per sqft for 1,647 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 110,000 a year on the contract signed on 12 December 2022. The previous contract, from December 2021, was AED 100,000; the unit has been rented since October 2013.

How big is unit 302?

1,647 sqft (153.0 sqm): a two-bedroom apartment on the 3rd floor of a 53-storey tower completed in 2006.

What is unit 302 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 302, Marina Heights Tower

Starts from the last sale price (AED 2M, 16 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,888
Deposit, UAE resident (20%)
AED 400,178
Deposit, non-resident (40%)
AED 800,355
Monthly over 25 years at 3.7%
AED 8,186

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