1-bed · 1,039 sqftMarina Quays East, Dubai Marina · 5th floor · completed 2010

508, Marina Quays East

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 30 April 2024
Last soldAED 2.4M30 April 2024
Current rentAED 105K /yr15 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Marina Quays East

What is 508 worth today?

Last sold for AED 2,400,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

30 Apr 2024SoldReady
AED 2,400,000AED 2,309 per sqft
15 Sep 2022RentedRenewal
AED 105,000/yr12 months · AED 101 per sqft
15 Sep 2021RentedRenewal
AED 95,000/yr12 months · AED 91 per sqft
15 Sep 2020RentedRenewal
AED 95,000/yr12 months · AED 91 per sqft
15 Sep 2019RentedNew contract
AED 105,000/yr12 months · AED 101 per sqft
27 Aug 2017RentedNew contract
AED 130,000/yr12 months · AED 125 per sqft
18 Jul 2015RentedNew contract
AED 145,000/yr12 months · AED 139 per sqft
9 Jun 2013RentedNew contract
AED 120,000/yr12 months · AED 115 per sqft

Source: Dubai Land Department. Updated 30 April 2024.

Key facts

Type
1-bed apartment
Size
1,039 sqft
Floor
5th of 9
Parking
1 nos
Developer
Emaar
Completed
2010
Service charge
AED 19,300 /yr
Last sold
AED 2.4M · April 2024

About 508, Marina Quays East

508 is a one-bedroom apartment of 1,039 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 30 April 2024 for AED 2,400,000, or AED 2,309 per sqft, 20% above the AED 1,918 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 15 September 2022, is AED 105,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 19,300 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical one-bed in Marina Quays East
1M2M2010201420182022Typical sale price by year: 2010 AED 1,073,888; 2011 AED 896,888; 2012 AED 1,100,000; 2013 AED 1,500,000; 2021 AED 1,455,000; 2023 AED 1,700,000; 2024 AED 1,957,500Sold by developer, May 2010: AED 1,073,888 (AED 1,033 per sqft)Sold, February 2012: AED 1,150,000 (AED 1,106 per sqft)Sold, April 2024: AED 2,400,000 (AED 2,309 per sqft)

508 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 508, each contractTypical one-bed in Marina Quays East
100K150K2012201620202024Typical rent by year: 2012 AED 92,000; 2013 AED 100,000; 2014 AED 110,000; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 105,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 82,500; 2021 AED 84,500; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 120,000New contract, June 2013: AED 120,000 a yearNew contract, July 2015: AED 145,000 a yearNew contract, August 2017: AED 130,000 a yearNew contract, September 2019: AED 105,000 a yearRenewal, September 2020: AED 95,000 a yearRenewal, September 2021: AED 95,000 a yearRenewal, September 2022: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Marina Quays East, and where 508 sits

All 26 1-beds →

508 last sold in April 2024 at AED 2,309 per sqft, 20% above what one-beds in Marina Quays East were fetching at the time (AED 1,918). 508's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 20252,241,000
4 Nov 20241,700,000
12 Jul 20241,940,000
11 Jun 20242,100,000
0 1-bed sales 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
5062-bedAED 2.45M · Jul 2013
5072-bedAED 1.6M · Feb 2020
1–7 of 9

508, Marina Quays East in numbers

  • Sold 3 times: first on 4 May 2010 for AED 1,073,888, last on 30 April 2024 for AED 2,400,000 (AED 2,309 per sqft).
  • Rented since June 2013 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 95,000 in 2021 and recovered to AED 105,000 by September 2022.
  • At AED 105,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 19,300 a year (AED 18.62 per sqft).

Source: Dubai Land Department. Updated 30 April 2024.

Questions about 508, Marina Quays East

What did unit 508 last sell for?

AED 2,400,000 on 30 April 2024: AED 2,309 per sqft for 1,039 sqft. The unit has 3 registered sales; the first was AED 1,073,888 in May 2010.

What is the rent for unit 508?

AED 105,000 a year on the contract renewed on 15 September 2022. The previous contract, from September 2021, was AED 95,000; the unit has been rented since June 2013.

How big is unit 508?

1,039 sqft (96.5 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2010.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 508? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 508, Marina Quays East

Starts from the last sale price (AED 2.4M, 30 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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