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2-bed · 1,564 sqftMarina Quays East, Dubai Marina · 5th floor · completed 2010

506, Marina Quays East

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

Unit 506 · DLD and Ejari recordsUpdated 23 August 2013
Last soldAED 2.45M29 July 2013
Current rentAED 150K /yr23 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Marina Quays East

What is 506 worth today?

Last sold for AED 2,450,000 in 2013

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23 Aug 2013RentedNew contract
AED 150,000/yr12 months · AED 96 per sqft
29 Jul 2013SoldReady
AED 2,450,000AED 1,566 per sqft
5 May 2010Sold by developerReady
AED 1,400,888AED 895 per sqft

Source: Dubai Land Department. Updated 23 August 2013.

Key facts

Type
2-bed apartment
Size
1,564 sqft
Floor
5th of 9
Parking
1 nos
Developer
Emaar
Completed
2010
Service charge
AED 29,100 /yr
Last sold
AED 2.45M · July 2013
Building
Marina Quays East

About 506, Marina Quays East

506 is a two-bedroom apartment of 1,564 sqft on the 5th floor of Marina Quays East, a 9-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 29 July 2013 for AED 2,450,000, or AED 1,566 per sqft, 12% above the AED 1,393 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 August 2013. The current contract, signed on 23 August 2013, is AED 150,000 a year: a gross yield of 6.1% on the 2013 price, before the service charge of about AED 29,100 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Marina Quays East
2M2010201420182022Typical sale price by year: 2010 AED 1,464,888; 2011 AED 1,498,916; 2013 AED 2,150,000; 2014 AED 2,610,888; 2017 AED 2,200,000; 2020 AED 1,600,000; 2021 AED 2,075,000; 2022 AED 1,920,000; 2023 AED 2,450,000; 2024 AED 2,350,000Sold by developer, May 2010: AED 1,400,888 (AED 895 per sqft)Sold, July 2013: AED 2,450,000 (AED 1,566 per sqft)

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

Rents
Unit 506, each contractTypical two-bed in Marina Quays East
125K150K2013201720212025Typical rent by year: 2013 AED 140,000; 2014 AED 140,000; 2015 AED 165,000; 2016 AED 157,750; 2017 AED 155,000; 2018 AED 150,000; 2019 AED 144,000; 2020 AED 120,000; 2021 AED 110,000; 2022 AED 125,000; 2023 AED 135,000; 2024 AED 154,350; 2025 AED 163,500; 2026 AED 150,000New contract, August 2013: AED 150,000 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 Quays East, and where 506 sits

All 32 2-beds →

506 last sold in July 2013 at AED 1,566 per sqft, 12% above what two-beds in Marina Quays East were fetching at the time (AED 1,393). Over the last 12 months two-beds sold for AED 2,850,000, around AED 2,269 per sqft, and rent for AED 125,000 to 275,000 a year. 506's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jul 20262,850,000
20 Jun 20242,350,000
7 Apr 20242,760,000
5 Mar 20242,300,000
1 2-bed sale in the last 12 months

Marina Quays East

Building

77 apartments, 1-bed to 3-bed over 9 floors in Dubai Marina, completed in 2010 by Emaar. 5 sold in the last 12 months.

Typical price per sqft
AED 3,088
Typical sale
AED 6.3M
Typical rent
AED 139K /yr
Typical yield
3.6%
Marina Quays East, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 77 units in Marina Quays East
Value
5013-bedAED 4.9M · Jan 2015
5022-bedAED 2.5M · Jun 2023
5031-bedAED 1.5M · Nov 2013
5041-bedAED 300K · Sep 2013
5052-bedAED 2.35M · Jun 2024
5072-bedAED 1.6M · Feb 2020
5081-bedAED 2.4M · Apr 2024
1–7 of 9

506, Marina Quays East in numbers

  • Sold twice: first on 5 May 2010 for AED 1,400,888, last on 29 July 2013 for AED 2,450,000 (AED 1,566 per sqft).
  • Rented since August 2013 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2013 price is 6.1%, before a service charge of about AED 29,100 a year (AED 18.62 per sqft).
  • Two-beds in Marina Quays East sold for AED 2,850,000–2,850,000 in the 12 months to November 2026; the building's median across all types is AED 3,088 per sqft.

Source: Dubai Land Department. Updated 23 August 2013.

Questions about 506, Marina Quays East

What did unit 506 last sell for?

AED 2,450,000 on 29 July 2013: AED 1,566 per sqft for 1,564 sqft. The unit has 2 registered sales; the first was AED 1,400,888 in May 2010.

What is the rent for unit 506?

AED 150,000 a year on the contract signed on 23 August 2013.

How big is unit 506?

1,564 sqft (145.3 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2010.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Quays East sold for AED 2,850,000 to 2,850,000 in the last 12 months, around AED 2,269 per sqft.

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Mortgage on 506, Marina Quays East

Starts from the last sale price (AED 2.45M, 29 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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