2-bed · 1,263 sqftMarina Park, Dubai Marina · 5th floor · completed 2006

503, Marina Park

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

Unit 503 · DLD and Ejari recordsUpdated 18 January 2024
Last soldAED 1.2M18 January 2024
Current rentAED 100K /yr14 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Marina Park

What is 503 worth today?

Last sold for AED 1,200,000 in 2024

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18 Jan 2024SoldReady
AED 1,200,000AED 950 per sqft
14 Nov 2022RentedNew contract
AED 100,000/yr12 months · AED 79 per sqft
1 May 2022RentedNew contract
AED 85,000/yr12 months · AED 67 per sqft
1 Feb 2021RentedNew contract
AED 56,000/yr12 months · AED 44 per sqft
1 Dec 2018RentedNew contract
AED 78,000/yr12 months · AED 62 per sqft
1 Nov 2017RentedNew contract
AED 85,000/yr12 months · AED 67 per sqft
20 Oct 2016RentedRenewal
AED 110,000/yr12 months · AED 87 per sqft
20 Oct 2015RentedRenewal
AED 110,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 18 January 2024.

Key facts

Type
2-bed apartment
Size
1,263 sqft
Floor
5th of 5
Parking
38B
Developer
Global Realty Partners
Completed
2006
Service charge
AED 17,000 /yr
Last sold
AED 1.2M · January 2024
Building
Marina Park

About 503, Marina Park

503 is a two-bedroom apartment of 1,263 sqft on the 5th floor of Marina Park, a 5-storey tower in Dubai Marina completed in 2006 by Global Realty Partners. It last sold on 18 January 2024 for AED 1,200,000, or AED 950 per sqft, 17% above the AED 809 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 14 November 2022, is AED 100,000 a year: a gross yield of 8.3% on the 2024 price, before the service charge of about AED 17,000 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical two-bed in Marina Park
500K1M1.5M20102014201820222026Typical sale price by year: 2010 AED 620,500; 2012 AED 635,000; 2013 AED 1,005,000; 2014 AED 1,450,000; 2018 AED 842,500; 2020 AED 520,000; 2021 AED 765,000; 2023 AED 787,500; 2024 AED 1,125,000; 2025 AED 1,312,500Sold by developer, December 2012: AED 1,250,000 (AED 989 per sqft)Sold, January 2024: AED 1,200,000 (AED 950 per sqft)

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

Rents
Unit 503, each contractTypical two-bed in Marina Park
50K75K100K2012201620202024Typical rent by year: 2012 AED 72,500; 2013 AED 82,000; 2014 AED 99,500; 2015 AED 105,000; 2016 AED 105,000; 2017 AED 87,500; 2018 AED 78,000; 2019 AED 75,000; 2020 AED 60,000; 2021 AED 56,000; 2022 AED 65,000; 2023 AED 75,000; 2024 AED 105,000; 2025 AED 105,000; 2026 AED 105,000New contract, October 2013: AED 83,000 a yearNew contract, October 2014: AED 110,000 a yearRenewal, October 2015: AED 110,000 a yearRenewal, October 2016: AED 110,000 a yearNew contract, November 2017: AED 85,000 a yearNew contract, December 2018: AED 78,000 a yearNew contract, February 2021: AED 56,000 a yearNew contract, May 2022: AED 85,000 a yearNew contract, November 2022: AED 100,000 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 Park, and where 503 sits

All 31 2-beds →

503 last sold in January 2024 at AED 950 per sqft, 17% above what two-beds in Marina Park were fetching at the time (AED 809). Over the last 12 months two-beds sold for AED 1,400,000, around AED 1,095 per sqft, and rent for AED 85,000 to 115,000 a year. 503's AED 100,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Mar 20261,400,000
26 Jun 20251,312,500
11 May 20251,400,000
23 Jan 20251,270,000
1 2-bed sale in the last 12 months

Marina Park

Building

73 apartments, 1-bed to 4-bed over 5 floors in Dubai Marina, completed in 2006 by Global Realty Partners. 4 sold in the last 12 months.

Typical price per sqft
AED 1,165
Typical sale
AED 885K
Typical rent
AED 85K /yr
Typical yield
7.3%
Marina Park, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 73 units in Marina Park
Value
5011-bedAED 700K · Jul 2023
5022-bedAED 1.31M · Jun 2025
5042-bedAED 950K · May 2022
5052-bedNo registered sale
5062-bedAED 635K · Dec 2012
5072-bedAED 1M · Dec 2018
5082-bedAED 1.2M · Oct 2024
1–7 of 13

503, Marina Park in numbers

  • Sold twice: first on 31 December 2012 for AED 1,250,000, last on 18 January 2024 for AED 1,200,000 (AED 950 per sqft).
  • Rented since October 2013 on 9 Ejari contracts. The rent fell from AED 83,000 to AED 56,000 in 2021 and recovered to AED 100,000 by November 2022.
  • At AED 100,000 a year the gross yield on the 2024 price is 8.3%, before a service charge of about AED 17,000 a year (AED 13.42 per sqft).
  • Two-beds in Marina Park sold for AED 1,400,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,165 per sqft.

Source: Dubai Land Department. Updated 18 January 2024.

Questions about 503, Marina Park

What did unit 503 last sell for?

AED 1,200,000 on 18 January 2024: AED 950 per sqft for 1,263 sqft. The unit has 2 registered sales; the first was AED 1,250,000 in December 2012.

What is the rent for unit 503?

AED 100,000 a year on the contract signed on 14 November 2022. The previous contract, from May 2022, was AED 85,000; the unit has been rented since October 2013.

How big is unit 503?

1,263 sqft (117.3 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2006.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Park sold for AED 1,400,000 to 1,400,000 in the last 12 months, around AED 1,095 per sqft.

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Mortgage on 503, Marina Park

Starts from the last sale price (AED 1.2M, 18 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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