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

1609, Marina Pinnacle Tower

Sold prices and rental history: sold twice, last in December 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 16 January 2018
Last soldAED 1.15M11 December 2017
Current rentAED 89K /yr16 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1609, Marina Pinnacle Tower

What is 1609 worth today?

Last sold for AED 1,150,000 in 2017

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16 Jan 2018RentedNew contract
AED 89,000/yr12 months · AED 73 per sqft
11 Dec 2017SoldReady
AED 1,150,000AED 943 per sqft
10 Mar 2014RentedNew contract
AED 90,000/yr12 months · AED 74 per sqft
21 Dec 2009Sold by developerOff-plan
AED 1,130,933AED 927 per sqft

Source: Dubai Land Department. Updated 16 January 2018.

Key facts

Type
2-bed apartment
Size
1,219 sqft
Floor
16th of 67
Parking
P4-681
Developer
Tiger Properties
Completed
2011
Service charge
AED 20,400 /yr
Last sold
AED 1.15M · December 2017

About 1609, Marina Pinnacle Tower

1609 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 11 December 2017 for AED 1,150,000, or AED 943 per sqft, 5% below the AED 992 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 16 January 2018, is AED 89,000 a year: a gross yield of 7.7% on the 2017 price, before the service charge of about AED 20,400 a year.

Sales and rents for 1609 over time

Sales
Unit 1609, 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, December 2017: AED 1,150,000 (AED 943 per sqft)

1609 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1609, each contractTypical two-bed in Marina Pinnacle Tower
75K100K2012201620202024Typical 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, March 2014: AED 90,000 a yearNew contract, January 2018: AED 89,000 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 1609 sits

All 166 2-beds →

1609 last sold in December 2017 at AED 943 per sqft, 5% below what two-beds in Marina Pinnacle Tower were fetching at the time (AED 992). 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. 1609's AED 89,000 is in the lower half 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
16022-bedAED 1.13M · Oct 2013
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
1–7 of 13

1609, Marina Pinnacle Tower in numbers

  • Sold twice: first on 21 December 2009 for AED 1,130,933, last on 11 December 2017 for AED 1,150,000 (AED 943 per sqft).
  • Rented since March 2014 on 2 Ejari contracts, from AED 90,000 to AED 89,000 a year.
  • At AED 89,000 a year the gross yield on the 2017 price is 7.7%, 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 16 January 2018.

Questions about 1609, Marina Pinnacle Tower

What did unit 1609 last sell for?

AED 1,150,000 on 11 December 2017: AED 943 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 1609?

AED 89,000 a year on the contract signed on 16 January 2018. The previous contract, from March 2014, was AED 90,000.

How big is unit 1609?

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 1609 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 1609, Marina Pinnacle Tower

Starts from the last sale price (AED 1.15M, 11 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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