2-bed · 1,430 sqftMarina Heights Tower, Dubai Marina · 7th floor · completed 2006

705, Marina Heights Tower

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 14 December 2023
Last soldAED 1.78M14 December 2023
Current rentAED 90K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Marina Heights Tower

What is 705 worth today?

Last sold for AED 1,780,000 in 2023

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14 Dec 2023SoldReady
AED 1,780,000AED 1,244 per sqft
1 Feb 2022RentedRenewal
AED 90,000/yr12 months · AED 63 per sqft
1 Feb 2021RentedNew contract
AED 80,000/yr12 months · AED 56 per sqft
4 Dec 2017SoldReady
AED 1,400,000AED 978 per sqft
13 Jan 2015RentedNew contract
AED 132,000/yr12 months · AED 102 per sqft
13 Jan 2014RentedNew contract
AED 120,000/yr12 months · AED 93 per sqft
10 Oct 2012RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft
8 Feb 2009Sold by developerReady
AED 1,117,522AED 865 per sqft

Source: Dubai Land Department. Updated 14 December 2023.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Floor
7th of 53
Parking
B4-05
Developer
SRG
Completed
2006
Service charge
AED 25,700 /yr
Last sold
AED 1.78M · December 2023

About 705, Marina Heights Tower

705 is a two-bedroom apartment of 1,430 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 14 December 2023 for AED 1,780,000, or AED 1,244 per sqft, in line with the AED 1,243 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 1 February 2022, is AED 90,000 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 25,700 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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 2009: AED 1,117,522 (AED 865 per sqft)Sold, December 2017: AED 1,400,000 (AED 978 per sqft)Sold, December 2023: AED 1,780,000 (AED 1,244 per sqft)

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

Rents
Unit 705, 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, October 2012: AED 90,000 a yearNew contract, January 2014: AED 120,000 a yearNew contract, January 2015: AED 132,000 a yearNew contract, February 2021: AED 80,000 a yearRenewal, February 2022: AED 90,000 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 705 sits

All 181 2-beds →

705 last sold in December 2023 at AED 1,244 per sqft, in line with what two-beds in Marina Heights Tower were fetching at the time (AED 1,243). 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. 705's AED 90,000 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
7042-bedAED 1.92M · Oct 2024
7061-bedAED 1.18M · Jan 2014
7071-bedAED 721K · Aug 2009
7081-bedAED 820K · Mar 2010
1–7 of 10

705, Marina Heights Tower in numbers

  • Sold 3 times: first on 8 February 2009 for AED 1,117,522, last on 14 December 2023 for AED 1,780,000 (AED 1,244 per sqft).
  • Rented since October 2012 on 5 Ejari contracts. The rent fell from AED 90,000 to AED 80,000 in 2021 and recovered to AED 90,000 by February 2022.
  • At AED 90,000 a year the gross yield on the 2023 price is 5.1%, 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 14 December 2023.

Questions about 705, Marina Heights Tower

What did unit 705 last sell for?

AED 1,780,000 on 14 December 2023: AED 1,244 per sqft for 1,430 sqft. The unit has 3 registered sales; the first was AED 1,117,522 in February 2009.

What is the rent for unit 705?

AED 90,000 a year on the contract renewed on 1 February 2022. The previous contract, from February 2021, was AED 80,000; the unit has been rented since October 2012.

How big is unit 705?

1,430 sqft (132.9 sqm): a two-bedroom apartment on the 7th floor of a 53-storey tower completed in 2006.

What is unit 705 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 705, Marina Heights Tower

Starts from the last sale price (AED 1.78M, 14 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,780,000
Deposit, UAE resident (20%)
AED 356,000
Deposit, non-resident (40%)
AED 712,000
Monthly over 25 years at 3.7%
AED 7,283

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