2-bed · 1,717 sqftMarina Sail Tower, Dubai Marina · 5th floor · completed 2006

508, Marina Sail Tower

Sold prices and rental history: sold once, by the developer in July 2010, 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 20 April 2024
Last soldAED 1.99M4 July 2010
Current rentAED 145K /yr20 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Marina Sail Tower

What is 508 worth today?

Last sold for AED 1,990,000 in 2010

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20 Apr 2024RentedNew contract
AED 145,000/yr12 months · AED 84 per sqft
20 Apr 2024RentedNew contract
AED 145,000/yr12 months · AED 84 per sqft
29 Dec 2017RentedNew contract
AED 105,000/yr12 months · AED 61 per sqft
1 Dec 2016RentedRenewal
AED 147,000/yr12 months · AED 85 per sqft
1 Dec 2015RentedRenewal
AED 140,000/yr12 months · AED 81 per sqft
1 Dec 2014RentedNew contract
AED 150,000/yr12 months · AED 87 per sqft
1 Apr 2014RentedNew contract
AED 100,000/yr12 months · AED 58 per sqft
15 Apr 2013RentedNew contract
AED 100,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 20 April 2024.

Key facts

Type
2-bed apartment
Size
1,717 sqft
Floor
5th of 21
Parking
2B-07
Developer
32 Group Properties
Completed
2006
Service charge
AED 24,800 /yr
Last sold
AED 1.99M · July 2010

About 508, Marina Sail Tower

508 is a two-bedroom apartment of 1,717 sqft on the 5th floor of Marina Sail Tower, a 21-storey tower in Dubai Marina completed in 2006 by 32 Group Properties. The developer sold it on 4 July 2010 for AED 1,990,000, or AED 1,159 per sqft, in line with the AED 1,170 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 20 April 2024, is AED 145,000 a year: a gross yield of 7.3% on the 2010 price, before the service charge of about AED 24,800 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, July 2010: AED 1,990,000 (AED 1,159 per sqft)

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

Rents
Unit 508, 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, April 2013: AED 100,000 a yearNew contract, April 2014: AED 100,000 a yearNew contract, December 2014: AED 150,000 a yearRenewal, December 2015: AED 140,000 a yearRenewal, December 2016: AED 147,000 a yearNew contract, December 2017: AED 105,000 a yearNew contract, April 2024: AED 145,000 a yearNew contract, April 2024: AED 145,000 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 508 sits

All 72 2-beds →

508 last sold in July 2010 at AED 1,159 per sqft, in line with what two-beds in Marina Sail Tower were fetching at the time (AED 1,170). 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. 508's AED 145,000 is in the upper half 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
5062-bedAED 1.65M · Dec 2022
5072-bedAED 2.1M · Jun 2013

508, Marina Sail Tower in numbers

  • Sold once: by 32 Group Properties on 4 July 2010 for AED 1,990,000, or AED 1,159 per sqft.
  • Rented since April 2013 on 8 Ejari contracts, from AED 100,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2010 price is 7.3%, before a service charge of about AED 24,800 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 20 April 2024.

Questions about 508, Marina Sail Tower

What did unit 508 last sell for?

AED 1,990,000 on 4 July 2010, sold by the developer: AED 1,159 per sqft for 1,717 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 145,000 a year on the contract signed on 20 April 2024. The previous contract, from April 2024, was AED 145,000; the unit has been rented since April 2013.

How big is unit 508?

1,717 sqft (159.5 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2006.

What is unit 508 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 508, Marina Sail Tower

Starts from the last sale price (AED 1.99M, 4 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,990,000
Deposit, UAE resident (20%)
AED 398,000
Deposit, non-resident (40%)
AED 796,000
Monthly over 25 years at 3.7%
AED 8,142

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