3-bed · 2,634 sqftMarina Mansions Tower, Dubai Marina · 15th floor · completed 2007

1503, Marina Mansions Tower

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 20 June 2023
Last soldAED 1.93M20 June 2023
Current rentAED 100K /yr30 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1503, Marina Mansions Tower

What is 1503 worth today?

Last sold for AED 1,930,000 in 2023

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20 Jun 2023SoldReady
AED 1,930,000AED 732 per sqft
28 Jul 2022SoldReady
AED 1,930,000AED 732 per sqft
30 Jun 2021RentedRenewal
AED 100,000/yr12 months · AED 38 per sqft
30 Jun 2020RentedNew contract
AED 100,000/yr12 months · AED 38 per sqft
2 Apr 2017RentedNew contract
AED 180,000/yr12 months · AED 68 per sqft
1 Oct 2013RentedNew contract
AED 170,000/yr12 months · AED 64 per sqft
20 Oct 2010Sold by developerReady
AED 1,628,838AED 618 per sqft

Source: Dubai Land Department. Updated 20 June 2023.

Key facts

Type
3-bed apartment
Size
2,634 sqft
Floor
15th of 29
Parking
SECOND FLOOR (11,12)
Developer
Al Sandos
Completed
2007
Service charge
AED 40,900 /yr
Last sold
AED 1.93M · June 2023

About 1503, Marina Mansions Tower

1503 is a three-bedroom apartment of 2,634 sqft on the 15th floor of Marina Mansions Tower, a 29-storey tower in Dubai Marina completed in 2007 by Al Sandos. It last sold on 20 June 2023 for AED 1,930,000, or AED 732 per sqft, 4% below the AED 761 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 30 June 2021, is AED 100,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 40,900 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical three-bed in Marina Mansions Tower
2M2008201320182023Typical sale price by year: 2008 AED 2,354,834; 2009 AED 1,210,490; 2010 AED 1,765,377; 2011 AED 1,435,320; 2012 AED 2,175,000; 2013 AED 1,781,662; 2014 AED 3,440,000; 2017 AED 2,350,000; 2021 AED 1,930,000; 2022 AED 1,850,000; 2023 AED 2,163,437; 2024 AED 2,842,403; 2025 AED 2,971,000Sold by developer, October 2010: AED 1,628,838 (AED 618 per sqft)Sold, July 2022: AED 1,930,000 (AED 732 per sqft)Sold, June 2023: AED 1,930,000 (AED 732 per sqft)

1503 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1503, each contractTypical three-bed in Marina Mansions Tower
100K150K200K20112015201920232027Typical rent by year: 2011 AED 155,000; 2012 AED 167,400; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 196,350; 2016 AED 185,000; 2017 AED 181,000; 2018 AED 155,000; 2019 AED 135,000; 2020 AED 120,000; 2021 AED 118,000; 2022 AED 138,050; 2023 AED 163,000; 2024 AED 183,000; 2025 AED 200,000; 2026 AED 202,500New contract, October 2013: AED 170,000 a yearNew contract, April 2017: AED 180,000 a yearNew contract, June 2020: AED 100,000 a yearRenewal, June 2021: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Marina Mansions Tower, and where 1503 sits

All 105 3-beds →

1503 last sold in June 2023 at AED 732 per sqft, 4% below what three-beds in Marina Mansions Tower were fetching at the time (AED 761). Over the last 12 months three-beds sold for AED 2,550,000 to 3,500,000, around AED 1,146 per sqft, and rent for AED 165,000 to 240,000 a year. 1503's AED 100,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Apr 20263,400,000
25 Mar 20263,000,000
25 Dec 20252,550,000
15 Dec 20253,275,000
5 3-bed sales in the last 12 months

Marina Mansions Tower

Building

120 apartments, 2-bed to 4-bed over 29 floors in Dubai Marina, completed in 2007 by Al Sandos. 7 sold in the last 12 months.

Typical price per sqft
AED 1,190
Typical sale
AED 3.4M
Typical rent
AED 205K /yr
Typical yield
6.4%
Marina Mansions Tower, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 120 units in Marina Mansions Tower
Value
15013-bedAED 1.9M · May 2021
15023-bedAED 2.05M · Sep 2021
15043-bedAED 2.38M · Jun 2017

1503, Marina Mansions Tower in numbers

  • Sold 3 times: first on 20 October 2010 for AED 1,628,838, last on 20 June 2023 for AED 1,930,000 (AED 732 per sqft).
  • Rented since October 2013 on 4 Ejari contracts, from AED 170,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 40,900 a year (AED 15.54 per sqft).
  • Three-beds in Marina Mansions Tower sold for AED 2,550,000–3,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,190 per sqft.

Source: Dubai Land Department. Updated 20 June 2023.

Questions about 1503, Marina Mansions Tower

What did unit 1503 last sell for?

AED 1,930,000 on 20 June 2023: AED 732 per sqft for 2,634 sqft. The unit has 3 registered sales; the first was AED 1,628,838 in October 2010.

What is the rent for unit 1503?

AED 100,000 a year on the contract renewed on 30 June 2021. The previous contract, from June 2020, was AED 100,000; the unit has been rented since October 2013.

How big is unit 1503?

2,634 sqft (244.7 sqm): a three-bedroom apartment on the 15th floor of a 29-storey tower completed in 2007.

What is unit 1503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Mansions Tower sold for AED 2,550,000 to 3,500,000 in the last 12 months, around AED 1,146 per sqft.

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Mortgage on 1503, Marina Mansions Tower

Starts from the last sale price (AED 1.93M, 20 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,930,000
Deposit, UAE resident (20%)
AED 386,000
Deposit, non-resident (40%)
AED 772,000
Monthly over 25 years at 3.7%
AED 7,896

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