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1-bed · 1,054 sqftMarina Terrace Tower, Dubai Marina · 11th floor · completed 2006

116, Marina Terrace Tower

Sold prices and rental history: sold 4 times, last in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 8 August 2022
Last soldAED 1.55M8 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Marina Terrace Tower

What is 116 worth today?

Last sold for AED 1,550,000 in 2022

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8 Aug 2022SoldReady
AED 1,550,000AED 1,470 per sqft
11 Feb 2014SoldReady
AED 875,000AED 830 per sqft
25 Sep 2013SoldReady
AED 1,400,000AED 1,328 per sqft
10 Aug 2008Sold by developerReady
AED 960,500AED 911 per sqft

Source: Dubai Land Department. Updated 8 August 2022.

Key facts

Type
1-bed apartment
Size
1,054 sqft
Floor
11th of 36
Parking
P1-22
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 22,000 /yr
Last sold
AED 1.55M · August 2022
Building
Marina Terrace Tower

About 116, Marina Terrace Tower

116 is a one-bedroom apartment of 1,054 sqft on the 11th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 8 August 2022 for AED 1,550,000, or AED 1,470 per sqft, 12% above the AED 1,312 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical one-bed in Marina Terrace Tower
1M2008201320182023Typical sale price by year: 2008 AED 660,000; 2009 AED 700,000; 2010 AED 616,500; 2011 AED 930,000; 2012 AED 810,000; 2013 AED 1,400,000; 2014 AED 1,750,000; 2015 AED 1,500,000; 2016 AED 1,450,000; 2017 AED 1,470,000; 2018 AED 1,350,000; 2019 AED 1,105,000; 2022 AED 1,462,500; 2023 AED 1,650,000; 2024 AED 1,735,000; 2025 AED 1,712,500Sold by developer, August 2008: AED 960,500 (AED 911 per sqft)Sold, September 2013: AED 1,400,000 (AED 1,328 per sqft)Sold, February 2014: AED 875,000 (AED 830 per sqft)Sold, August 2022: AED 1,550,000 (AED 1,470 per sqft)

116 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 116, each contractTypical one-bed in Marina Terrace Tower
80K100K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 92,750; 2014 AED 105,000; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 100,000; 2018 AED 95,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 70,000; 2022 AED 77,000; 2023 AED 85,000; 2024 AED 100,000; 2025 AED 100,000; 2026 AED 96,592

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

1-beds in Marina Terrace Tower, and where 116 sits

All 80 1-beds →

116 last sold in August 2022 at AED 1,470 per sqft, 12% above what one-beds in Marina Terrace Tower were fetching at the time (AED 1,312). Over the last 12 months one-beds sold for AED 1,610,000 to 1,800,000, around AED 1,786 per sqft, and rent for AED 50,000 to 160,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Apr 20261,800,000
16 Dec 20251,610,000
3 Dec 20251,740,000
12 Nov 20251,685,000
5 1-bed sales in the last 12 months

Marina Terrace Tower

Building

188 apartments, 1-bed to 4-bed over 36 floors in Dubai Marina, completed in 2006 by DAMAC PROPERTIES CO. 11 sold in the last 12 months.

Typical price per sqft
AED 1,786 Up 13.1%
Typical sale
AED 2.84M
Typical rent
AED 125K /yr
Typical yield
5.2%
Marina Terrace Tower, Dubai Marina: prices, sales and rents →

Other units on the 11th floor

All 188 units in Marina Terrace Tower
Value
1112-bedAED 1.89M · May 2022
1121-bedAED 1.67M · Jul 2024
1131-bedAED 1.2M · May 2009
1142-bedAED 1.05M · Sep 2008
1151-bedAED 550K · Apr 2009
1173-bedAED 1.53M · Oct 2014

116, Marina Terrace Tower in numbers

  • Sold 4 times: first on 10 August 2008 for AED 960,500, last on 8 August 2022 for AED 1,550,000 (AED 1,470 per sqft).
  • One-beds in Marina Terrace Tower sold for AED 1,610,000–1,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,786 per sqft.

Source: Dubai Land Department. Updated 8 August 2022.

Questions about 116, Marina Terrace Tower

What did unit 116 last sell for?

AED 1,550,000 on 8 August 2022: AED 1,470 per sqft for 1,054 sqft. The unit has 4 registered sales; the first was AED 960,500 in August 2008.

How big is unit 116?

1,054 sqft (97.9 sqm): a one-bedroom apartment on the 11th floor of a 36-storey tower completed in 2006.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Terrace Tower sold for AED 1,610,000 to 1,800,000 in the last 12 months, around AED 1,786 per sqft.

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Mortgage on 116, Marina Terrace Tower

Starts from the last sale price (AED 1.55M, 8 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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