2-bed · 1,219 sqftMarina Pinnacle Tower, Dubai Marina · 16th floor · completed 2011

1602, Marina Pinnacle Tower

Sold prices and rental history: sold twice, last in October 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 10 December 2020
Last soldAED 1.13M3 October 2013
Current rentAED 55K /yr10 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, Marina Pinnacle Tower

What is 1602 worth today?

Last sold for AED 1,130,933 in 2013

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10 Dec 2020RentedNew contract
AED 55,000/yr12 months · AED 45 per sqft
20 Sep 2019RentedNew contract
AED 77,000/yr12 months · AED 63 per sqft
20 Sep 2018RentedNew contract
AED 77,000/yr12 months · AED 63 per sqft
20 Sep 2014RentedNew contract
AED 120,000/yr12 months · AED 99 per sqft
3 Oct 2013SoldReady
AED 1,130,933AED 927 per sqft
21 Dec 2009Sold by developerOff-plan
AED 1,130,933AED 927 per sqft

Source: Dubai Land Department. Updated 10 December 2020.

Key facts

Type
2-bed apartment
Size
1,219 sqft
Floor
16th of 67
Parking
P4-677
Developer
Tiger Properties
Completed
2011
Service charge
AED 20,400 /yr
Last sold
AED 1.13M · October 2013

About 1602, Marina Pinnacle Tower

1602 is a two-bedroom apartment of 1,219 sqft on the 16th floor of Marina Pinnacle Tower, a 67-storey tower in Dubai Marina completed in 2011 by Tiger Properties. It last sold on 3 October 2013 for AED 1,130,933, or AED 927 per sqft, 6% below the AED 984 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 10 December 2020, is AED 55,000 a year: a gross yield of 4.9% on the 2013 price, before the service charge of about AED 20,400 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical two-bed in Marina Pinnacle Tower
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,165,580; 2010 AED 1,678,753; 2011 AED 1,847,271; 2012 AED 1,074,720; 2013 AED 1,274,090; 2014 AED 1,400,652; 2015 AED 1,155,000; 2016 AED 1,210,000; 2017 AED 1,270,000; 2018 AED 1,100,000; 2019 AED 820,000; 2020 AED 752,500; 2021 AED 840,000; 2022 AED 945,000; 2023 AED 1,100,000; 2024 AED 1,370,118; 2025 AED 1,470,000; 2026 AED 1,170,098Sold by developer, December 2009: AED 1,130,933 (AED 927 per sqft)Sold, October 2013: AED 1,130,933 (AED 927 per sqft)

1602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1602, each contractTypical two-bed in Marina Pinnacle Tower
50K100K2012201620202024Typical rent by year: 2012 AED 76,000; 2013 AED 85,000; 2014 AED 100,000; 2015 AED 112,700; 2016 AED 110,000; 2017 AED 100,000; 2018 AED 85,000; 2019 AED 72,000; 2020 AED 62,000; 2021 AED 60,000; 2022 AED 75,000; 2023 AED 93,500; 2024 AED 110,000; 2025 AED 115,000New contract, September 2014: AED 120,000 a yearNew contract, September 2018: AED 77,000 a yearNew contract, September 2019: AED 77,000 a yearNew contract, December 2020: AED 55,000 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 Pinnacle Tower, and where 1602 sits

All 166 2-beds →

1602 last sold in October 2013 at AED 927 per sqft, 6% below what two-beds in Marina Pinnacle Tower were fetching at the time (AED 984). Over the last 12 months two-beds sold for AED 1,122,868 to 1,194,056, around AED 960 per sqft, and rent for AED 60,000 to 120,000 a year. 1602's AED 55,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Jun 20261,122,868
10 Jun 20261,190,195
8 Jun 20261,194,056
16 Mar 20261,150,000
4 2-bed sales in the last 12 months

Marina Pinnacle Tower

Building

751 apartments, 1-bed to 3-bed over 67 floors in Dubai Marina, completed in 2011 by Tiger Properties. 18 sold in the last 12 months.

Typical price per sqft
AED 1,155 Down 7.1%
Typical sale
AED 1.19M
Typical rent
AED 90K /yr
Typical yield
8.5%
Marina Pinnacle Tower, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 751 units in Marina Pinnacle Tower
Value
16011-bedAED 1M · Dec 2016
16031-bedAED 1.1M · Sep 2023
16041-bedAED 1.2M · Feb 2014
16051-bedAED 670K · Dec 2012
16062-bedAED 2M · Mar 2022
16071-bedAED 950K · May 2016
16081-bedAED 1.5M · Oct 2013
1–7 of 13

1602, Marina Pinnacle Tower in numbers

  • Sold twice: first on 21 December 2009 for AED 1,130,933, last on 3 October 2013 for AED 1,130,933 (AED 927 per sqft).
  • Rented since September 2014 on 4 Ejari contracts, from AED 120,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2013 price is 4.9%, before a service charge of about AED 20,400 a year (AED 16.77 per sqft).
  • Two-beds in Marina Pinnacle Tower sold for AED 1,122,868–1,194,056 in the 12 months to November 2026; the building's median across all types is AED 1,155 per sqft.

Source: Dubai Land Department. Updated 10 December 2020.

Questions about 1602, Marina Pinnacle Tower

What did unit 1602 last sell for?

AED 1,130,933 on 3 October 2013: AED 927 per sqft for 1,219 sqft. The unit has 2 registered sales; the first was AED 1,130,933 in December 2009.

What is the rent for unit 1602?

AED 55,000 a year on the contract signed on 10 December 2020. The previous contract, from September 2019, was AED 77,000; the unit has been rented since September 2014.

How big is unit 1602?

1,219 sqft (113.2 sqm): a two-bedroom apartment on the 16th floor of a 67-storey tower completed in 2011.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Pinnacle Tower sold for AED 1,122,868 to 1,194,056 in the last 12 months, around AED 960 per sqft.

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Mortgage on 1602, Marina Pinnacle Tower

Starts from the last sale price (AED 1.13M, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,130,933
Deposit, UAE resident (20%)
AED 226,187
Deposit, non-resident (40%)
AED 452,373
Monthly over 25 years at 3.7%
AED 4,627

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