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3-bed · 1,640 sqftMarina Terrace Tower, Dubai Marina · 11th floor · completed 2006

117, Marina Terrace Tower

Sold prices and rental history: sold once, by the developer in October 2014, and rented once, from November 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 117 · DLD and Ejari recordsUpdated 8 October 2014
Last soldAED 1.53M8 October 2014
Current rentAED 150K /yr12 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 117, Marina Terrace Tower

What is 117 worth today?

Last sold for AED 1,525,000 in 2014

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8 Oct 2014Sold by developerReady
AED 1,525,000AED 929 per sqft
12 Nov 2012RentedNew contract
AED 150,000/yr24 months · AED 92 per sqft

Source: Dubai Land Department. Updated 8 October 2014.

Key facts

Type
3-bed apartment
Size
1,640 sqft
Floor
11th of 36
Parking
P1-20
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 34,200 /yr
Last sold
AED 1.53M · October 2014
Building
Marina Terrace Tower

About 117, Marina Terrace Tower

117 is a three-bedroom apartment of 1,640 sqft on the 11th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. The developer sold it on 8 October 2014 for AED 1,525,000, or AED 929 per sqft, 20% below the AED 1,157 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 November 2012. The current contract, signed on 12 November 2012, is AED 150,000 a year: a gross yield of 9.8% on the 2014 price, before the service charge of about AED 34,200 a year.

Sales and rents for 117 over time

Sales
Unit 117, each saleTypical three-bed in Marina Terrace Tower
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,206,500; 2009 AED 1,500,000; 2010 AED 1,232,500; 2011 AED 1,500,000; 2012 AED 1,650,000; 2013 AED 2,275,000; 2014 AED 1,525,000; 2015 AED 2,340,000; 2016 AED 2,880,000; 2019 AED 1,800,000; 2020 AED 1,512,500; 2021 AED 1,600,000; 2022 AED 2,300,000; 2023 AED 2,275,000; 2024 AED 2,725,000; 2025 AED 2,712,500Sold by developer, October 2014: AED 1,525,000 (AED 929 per sqft)

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

Rents
Unit 117, each contractTypical three-bed in Marina Terrace Tower
100K150K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 177,000; 2014 AED 179,375; 2015 AED 179,250; 2016 AED 160,000; 2017 AED 165,000; 2018 AED 135,000; 2019 AED 130,000; 2020 AED 108,750; 2021 AED 110,000; 2022 AED 131,748; 2023 AED 147,000; 2024 AED 163,000; 2025 AED 166,510; 2026 AED 150,000New contract, November 2012: AED 150,000 a year

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

3-beds in Marina Terrace Tower, and where 117 sits

All 55 3-beds →

117 last sold in October 2014 at AED 929 per sqft, 20% below what three-beds in Marina Terrace Tower were fetching at the time (AED 1,157). Over the last 12 months three-beds sold for AED 3,150,000 to 3,450,000, around AED 1,916 per sqft, and rent for AED 135,000 to 470,000 a year. 117's AED 150,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Apr 20263,450,000
3 Feb 20263,150,000
23 Oct 20252,625,000
8 Oct 20254,300,000
2 3-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
1161-bedAED 1.55M · Aug 2022

117, Marina Terrace Tower in numbers

  • Sold once: by DAMAC PROPERTIES CO on 8 October 2014 for AED 1,525,000, or AED 929 per sqft.
  • Rented since November 2012 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2014 price is 9.8%, before a service charge of about AED 34,200 a year (AED 20.83 per sqft).
  • Three-beds in Marina Terrace Tower sold for AED 3,150,000–3,450,000 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 October 2014.

Questions about 117, Marina Terrace Tower

What did unit 117 last sell for?

AED 1,525,000 on 8 October 2014, sold by the developer: AED 929 per sqft for 1,640 sqft. It is the only registered sale of the unit.

What is the rent for unit 117?

AED 150,000 a year on the contract signed on 12 November 2012.

How big is unit 117?

1,640 sqft (152.4 sqm): a three-bedroom apartment on the 11th floor of a 36-storey tower completed in 2006.

What is unit 117 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Terrace Tower sold for AED 3,150,000 to 3,450,000 in the last 12 months, around AED 1,916 per sqft.

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Mortgage on 117, Marina Terrace Tower

Starts from the last sale price (AED 1.53M, 8 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,525,000
Deposit, UAE resident (20%)
AED 305,000
Deposit, non-resident (40%)
AED 610,000
Monthly over 25 years at 3.7%
AED 6,239

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