3-bed · 1,640 sqftMarina Terrace Tower, Dubai Marina · 14th floor · completed 2006

147, Marina Terrace Tower

Sold prices and rental history: sold 4 times, last in August 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 147 · DLD and Ejari recordsUpdated 2 August 2023
Last soldAED 2.05M2 August 2023
Current rentAED 115K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 147, Marina Terrace Tower

What is 147 worth today?

Last sold for AED 2,050,000 in 2023

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2 Aug 2023SoldReady
AED 2,050,000AED 1,250 per sqft
1 Jul 2022RentedRenewal
AED 115,000/yr12 months · AED 70 per sqft
18 Feb 2022SoldReady
AED 2,300,000AED 1,402 per sqft
1 Jul 2021RentedNew contract
AED 100,000/yr12 months · AED 61 per sqft
1 Jul 2021RentedNew contract
AED 100,000/yr12 months · AED 61 per sqft
1 Jul 2020RentedNew contract
AED 100,000/yr12 months · AED 61 per sqft
22 Jan 2020SoldReady
AED 1,325,000AED 807 per sqft
26 Sep 2017RentedNew contract
AED 145,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 2 August 2023.

Key facts

Type
3-bed apartment
Size
1,640 sqft
Floor
14th of 36
Parking
P2-98
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 34,200 /yr
Last sold
AED 2.05M · August 2023

About 147, Marina Terrace Tower

147 is a three-bedroom apartment of 1,640 sqft on the 14th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 2 August 2023 for AED 2,050,000, or AED 1,250 per sqft, in line with the AED 1,235 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 115,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 34,200 a year.

Sales and rents for 147 over time

Sales
Unit 147, 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, August 2008: AED 990,900 (AED 604 per sqft)Sold, January 2020: AED 1,325,000 (AED 807 per sqft)Sold, February 2022: AED 2,300,000 (AED 1,402 per sqft)Sold, August 2023: AED 2,050,000 (AED 1,250 per sqft)

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

Rents
Unit 147, 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, December 2012: AED 140,000 a yearNew contract, December 2012: AED 140,000 a yearNew contract, September 2017: AED 145,000 a yearNew contract, July 2020: AED 100,000 a yearNew contract, July 2021: AED 100,000 a yearNew contract, July 2021: AED 100,000 a yearRenewal, July 2022: AED 115,000 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 147 sits

All 55 3-beds →

147 last sold in August 2023 at AED 1,250 per sqft, in line with what three-beds in Marina Terrace Tower were fetching at the time (AED 1,235). 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. 147's AED 115,000 is at the bottom 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 14th floor

All 188 units in Marina Terrace Tower
Value
1412-bedAED 842K · Oct 2008
1421-bedAED 622K · Oct 2008
1431-bedAED 604K · Oct 2010
1442-bedAED 1.15M · Jul 2008
1451-bedAED 450K · Jul 2010
1461-bedAED 960K · Jul 2008

147, Marina Terrace Tower in numbers

  • Sold 4 times: first on 10 August 2008 for AED 990,900, last on 2 August 2023 for AED 2,050,000 (AED 1,250 per sqft).
  • Rented since December 2012 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 100,000 in 2021 and recovered to AED 115,000 by July 2022.
  • At AED 115,000 a year the gross yield on the 2023 price is 5.6%, 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 2 August 2023.

Questions about 147, Marina Terrace Tower

What did unit 147 last sell for?

AED 2,050,000 on 2 August 2023: AED 1,250 per sqft for 1,640 sqft. The unit has 4 registered sales; the first was AED 990,900 in August 2008.

What is the rent for unit 147?

AED 115,000 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 100,000; the unit has been rented since December 2012.

How big is unit 147?

1,640 sqft (152.4 sqm): a three-bedroom apartment on the 14th floor of a 36-storey tower completed in 2006.

What is unit 147 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 147, Marina Terrace Tower

Starts from the last sale price (AED 2.05M, 2 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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