2-bed · 1,431 sqftMarina Heights Tower, Dubai Marina · 7th floor · completed 2006

704, Marina Heights Tower

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 18 October 2024
Last soldAED 1.92M18 October 2024
Current rentAED 95K /yr15 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Marina Heights Tower

What is 704 worth today?

Last sold for AED 1,920,000 in 2024

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18 Oct 2024SoldReady
AED 1,920,000AED 1,341 per sqft
7 Jun 2023SoldReady
AED 1,870,000AED 1,306 per sqft
15 Dec 2019RentedRenewal
AED 95,000/yr12 months · AED 74 per sqft
15 Dec 2018RentedRenewal
AED 105,000/yr12 months · AED 81 per sqft
15 Dec 2017RentedRenewal
AED 120,000/yr12 months · AED 93 per sqft
15 Dec 2016RentedNew contract
AED 120,000/yr12 months · AED 93 per sqft
20 Jan 2009Sold by developerReady
AED 1,031,558AED 798 per sqft

Source: Dubai Land Department. Updated 18 October 2024.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
7th of 53
Parking
B4-04
Developer
SRG
Completed
2006
Service charge
AED 25,700 /yr
Last sold
AED 1.92M · October 2024

About 704, Marina Heights Tower

704 is a two-bedroom apartment of 1,431 sqft on the 7th floor of Marina Heights Tower, a 53-storey tower in Dubai Marina completed in 2006 by SRG. It last sold on 18 October 2024 for AED 1,920,000, or AED 1,341 per sqft, in line with the AED 1,341 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 15 December 2019, is AED 95,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 25,700 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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 2009: AED 1,031,558 (AED 798 per sqft)Sold, June 2023: AED 1,870,000 (AED 1,306 per sqft)Sold, October 2024: AED 1,920,000 (AED 1,341 per sqft)

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

Rents
Unit 704, 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, December 2016: AED 120,000 a yearRenewal, December 2017: AED 120,000 a yearRenewal, December 2018: AED 105,000 a yearRenewal, December 2019: AED 95,000 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 704 sits

All 181 2-beds →

704 last sold in October 2024 at AED 1,341 per sqft, in line with what two-beds in Marina Heights Tower were fetching at the time (AED 1,341). 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. 704's AED 95,000 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 7th floor

All 375 units in Marina Heights Tower
Value
7012-bedAED 894K · Apr 2010
7022-bedAED 2.09M · Sep 2021
7032-bedAED 894K · Feb 2011
7052-bedAED 1.78M · Dec 2023
7061-bedAED 1.18M · Jan 2014
7071-bedAED 721K · Aug 2009
7081-bedAED 820K · Mar 2010
1–7 of 10

704, Marina Heights Tower in numbers

  • Sold 3 times: first on 20 January 2009 for AED 1,031,558, last on 18 October 2024 for AED 1,920,000 (AED 1,341 per sqft).
  • Rented since December 2016 on 4 Ejari contracts, from AED 120,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 25,700 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 18 October 2024.

Questions about 704, Marina Heights Tower

What did unit 704 last sell for?

AED 1,920,000 on 18 October 2024: AED 1,341 per sqft for 1,431 sqft. The unit has 3 registered sales; the first was AED 1,031,558 in January 2009.

What is the rent for unit 704?

AED 95,000 a year on the contract renewed on 15 December 2019. The previous contract, from December 2018, was AED 105,000; the unit has been rented since December 2016.

How big is unit 704?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the 7th floor of a 53-storey tower completed in 2006.

What is unit 704 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 704, Marina Heights Tower

Starts from the last sale price (AED 1.92M, 18 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,920,000
Deposit, UAE resident (20%)
AED 384,000
Deposit, non-resident (40%)
AED 768,000
Monthly over 25 years at 3.7%
AED 7,855

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