3-bed · 2,857 sqftMarina Mansions Tower, Dubai Marina · 16th floor · completed 2007

1602, Marina Mansions Tower

Sold prices and rental history: sold 4 times, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 26 June 2024
Last soldAED 2.9M26 June 2024
Current rentAED 139K /yr12 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, Marina Mansions Tower

What is 1602 worth today?

Last sold for AED 2,900,000 in 2024

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26 Jun 2024SoldReady
AED 2,900,000AED 1,015 per sqft
21 Mar 2024SoldReady
AED 2,500,000AED 875 per sqft
12 Jul 2023RentedRenewal
AED 138,576/yr18 months · AED 49 per sqft
12 Jul 2022RentedRenewal
AED 132,000/yr12 months · AED 46 per sqft
12 Jan 2022RentedRenewal
AED 120,000/yr6 months · AED 42 per sqft
12 Dec 2020RentedRenewal
AED 120,000/yr13 months · AED 42 per sqft
12 Nov 2019RentedNew contract
AED 135,000/yr13 months · AED 47 per sqft
1 Oct 2018RentedNew contract
AED 170,000/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 26 June 2024.

Key facts

Type
3-bed apartment
Size
2,857 sqft
Floor
16th of 29
Parking
THIRD FLOOR (11,12)
Developer
Al Sandos
Completed
2007
Service charge
AED 44,400 /yr
Last sold
AED 2.9M · June 2024

About 1602, Marina Mansions Tower

1602 is a three-bedroom apartment of 2,857 sqft on the 16th floor of Marina Mansions Tower, a 29-storey tower in Dubai Marina completed in 2007 by Al Sandos. It last sold on 26 June 2024 for AED 2,900,000, or AED 1,015 per sqft, 7% above the AED 949 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 12 July 2023, is AED 138,576 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 44,400 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, 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 1,781,662 (AED 623 per sqft)Sold, September 2013: AED 1,781,662 (AED 623 per sqft)Sold, March 2024: AED 2,500,000 (AED 875 per sqft)Sold, June 2024: AED 2,900,000 (AED 1,015 per sqft)

1602 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1602, each contractTypical three-bed in Marina Mansions Tower
150K200K20112015201920232027Typical 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 180,000 a yearNew contract, October 2014: AED 189,000 a yearRenewal, October 2015: AED 189,000 a yearRenewal, October 2016: AED 189,000 a yearNew contract, October 2017: AED 198,450 a yearNew contract, October 2018: AED 170,000 a yearNew contract, November 2019: AED 135,000 a yearRenewal, December 2020: AED 120,000 a yearRenewal, January 2022: AED 120,000 a yearRenewal, July 2022: AED 132,000 a yearRenewal, July 2023: AED 138,576 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 1602 sits

All 105 3-beds →

1602 last sold in June 2024 at AED 1,015 per sqft, 7% above what three-beds in Marina Mansions Tower were fetching at the time (AED 949). 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. 1602's AED 138,576 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 16th floor

All 120 units in Marina Mansions Tower
Value
16013-bedAED 2.8M · Nov 2023
16033-bedAED 2.97M · Feb 2025
16043-bedAED 2.1M · May 2023

1602, Marina Mansions Tower in numbers

  • Sold 4 times: first on 20 October 2010 for AED 1,781,662, last on 26 June 2024 for AED 2,900,000 (AED 1,015 per sqft).
  • Rented since October 2013 on 11 Ejari contracts. The rent fell from AED 180,000 to AED 120,000 in 2022 and recovered to AED 138,576 by July 2023.
  • At AED 138,576 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 44,400 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 26 June 2024.

Questions about 1602, Marina Mansions Tower

What did unit 1602 last sell for?

AED 2,900,000 on 26 June 2024: AED 1,015 per sqft for 2,857 sqft. The unit has 4 registered sales; the first was AED 1,781,662 in October 2010.

What is the rent for unit 1602?

AED 138,576 a year on the contract renewed on 12 July 2023. The previous contract, from July 2022, was AED 132,000; the unit has been rented since October 2013.

How big is unit 1602?

2,857 sqft (265.4 sqm): a three-bedroom apartment on the 16th floor of a 29-storey tower completed in 2007.

What is unit 1602 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 1602, Marina Mansions Tower

Starts from the last sale price (AED 2.9M, 26 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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