2-bed · 1,799 sqftMarina Sail Tower, Dubai Marina · 5th floor · completed 2006

506, Marina Sail Tower

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 26 August 2023
Last soldAED 1.65M12 December 2022
Current rentAED 90K /yr26 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Marina Sail Tower

What is 506 worth today?

Last sold for AED 1,650,000 in 2022

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26 Aug 2023RentedNew contract
AED 90,000/yr12 months · AED 50 per sqft
12 Dec 2022SoldReady
AED 1,650,000AED 917 per sqft
26 Aug 2022RentedRenewal
AED 90,000/yr12 months · AED 50 per sqft
26 Aug 2021RentedRenewal
AED 90,000/yr12 months · AED 50 per sqft
26 Aug 2020RentedRenewal
AED 90,000/yr12 months · AED 50 per sqft
26 Aug 2019RentedRenewal
AED 100,000/yr12 months · AED 56 per sqft
26 Aug 2018RentedNew contract
AED 100,000/yr12 months · AED 56 per sqft
15 Jul 2017RentedRenewal
AED 140,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 26 August 2023.

Key facts

Type
2-bed apartment
Size
1,799 sqft
Floor
5th of 21
Parking
2B-27
Developer
32 Group Properties
Completed
2006
Service charge
AED 26,000 /yr
Last sold
AED 1.65M · December 2022

About 506, Marina Sail Tower

506 is a two-bedroom apartment of 1,799 sqft on the 5th floor of Marina Sail Tower, a 21-storey tower in Dubai Marina completed in 2006 by 32 Group Properties. It last sold on 12 December 2022 for AED 1,650,000, or AED 917 per sqft, 4% above the AED 880 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 26 August 2023, is AED 90,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 26,000 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Marina Sail Tower
1M2M2008201320182023Typical sale price by year: 2008 AED 1,920,000; 2009 AED 1,159,725; 2010 AED 1,990,000; 2011 AED 809,140; 2012 AED 1,916,250; 2013 AED 1,424,000; 2014 AED 2,375,000; 2015 AED 2,200,000; 2018 AED 1,732,772; 2019 AED 1,420,000; 2022 AED 1,545,000; 2023 AED 1,635,000; 2024 AED 2,232,500; 2025 AED 2,350,000; 2026 AED 2,500,000Sold by developer, April 2011: AED 809,140 (AED 449 per sqft)Sold, December 2022: AED 1,650,000 (AED 917 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 Sail Tower
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 130,000; 2014 AED 142,500; 2015 AED 144,500; 2016 AED 145,000; 2017 AED 120,000; 2018 AED 108,750; 2019 AED 101,409; 2020 AED 90,000; 2021 AED 90,000; 2022 AED 99,000; 2023 AED 107,300; 2024 AED 140,000; 2025 AED 145,000; 2026 AED 142,500New contract, October 2013: AED 165,000 a yearNew contract, May 2015: AED 180,000 a yearNew contract, July 2015: AED 160,000 a yearRenewal, July 2016: AED 160,000 a yearRenewal, July 2017: AED 140,000 a yearNew contract, August 2018: AED 100,000 a yearRenewal, August 2019: AED 100,000 a yearRenewal, August 2020: AED 90,000 a yearRenewal, August 2021: AED 90,000 a yearRenewal, August 2022: AED 90,000 a yearNew contract, August 2023: AED 90,000 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 Sail Tower, and where 506 sits

All 72 2-beds →

506 last sold in December 2022 at AED 917 per sqft, 4% above what two-beds in Marina Sail Tower were fetching at the time (AED 880). Over the last 12 months two-beds sold for AED 2,250,000 to 2,650,000, around AED 1,403 per sqft, and rent for AED 114,139 to 165,000 a year. 506's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Aug 20262,250,000
6 Aug 20262,650,000
25 Jun 20262,500,000
30 Mar 20262,500,000
4 2-bed sales in the last 12 months

Marina Sail Tower

Building

152 apartments, 1-bed to 3-bed over 21 floors in Dubai Marina, completed in 2006 by 32 Group Properties. 7 sold in the last 12 months.

Typical price per sqft
AED 1,412
Typical sale
AED 2.5M
Typical rent
AED 100K /yr
Typical yield
6.1%
Marina Sail Tower, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 152 units in Marina Sail Tower
Value
5011-bedAED 1.23M · Oct 2015
5021-bedAED 800K · Sep 2017
5031-bedAED 1.1M · Mar 2017
5041-bedNo registered sale
5053-bedAED 2.35M · Mar 2012
5072-bedAED 2.1M · Jun 2013
5082-bedAED 1.99M · Jul 2010

506, Marina Sail Tower in numbers

  • Sold twice: first on 4 April 2011 for AED 809,140, last on 12 December 2022 for AED 1,650,000 (AED 917 per sqft).
  • Rented since October 2013 on 11 Ejari contracts, from AED 165,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 26,000 a year (AED 14.43 per sqft).
  • Two-beds in Marina Sail Tower sold for AED 2,250,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,412 per sqft.

Source: Dubai Land Department. Updated 26 August 2023.

Questions about 506, Marina Sail Tower

What did unit 506 last sell for?

AED 1,650,000 on 12 December 2022: AED 917 per sqft for 1,799 sqft. The unit has 2 registered sales; the first was AED 809,140 in April 2011.

What is the rent for unit 506?

AED 90,000 a year on the contract signed on 26 August 2023. The previous contract, from August 2022, was AED 90,000; the unit has been rented since October 2013.

How big is unit 506?

1,799 sqft (167.1 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2006.

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 Sail Tower sold for AED 2,250,000 to 2,650,000 in the last 12 months, around AED 1,403 per sqft.

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Mortgage on 506, Marina Sail Tower

Starts from the last sale price (AED 1.65M, 12 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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