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2-bed · 1,543 sqftMarina Terrace Tower, Dubai Marina · 17th floor · completed 2006

171, Marina Terrace Tower

Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 171 · DLD and Ejari recordsUpdated 1 September 2017
Last soldAED 825K13 October 2015
Current rentAED 125K /yr1 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 171, Marina Terrace Tower

What is 171 worth today?

Last sold for AED 825,000 in 2015

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1 Sep 2017RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft
13 Oct 2015Sold by developerReady
AED 825,000AED 534 per sqft
12 Jun 2015RentedNew contract
AED 155,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 1 September 2017.

Key facts

Type
2-bed apartment
Size
1,543 sqft
Floor
17th of 36
Parking
P2-83
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 32,100 /yr
Last sold
AED 825K · October 2015
Building
Marina Terrace Tower

About 171, Marina Terrace Tower

171 is a two-bedroom apartment of 1,543 sqft on the 17th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. The developer sold it on 13 October 2015 for AED 825,000, or AED 534 per sqft.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 1 September 2017, is AED 125,000 a year: a gross yield of 15.2% on the 2015 price, before the service charge of about AED 32,100 a year.

Sales and rents for 171 over time

Sales
Unit 171, each saleTypical two-bed in Marina Terrace Tower
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,085,000; 2009 AED 1,390,000; 2010 AED 1,156,000; 2011 AED 1,535,000; 2012 AED 1,800,000; 2013 AED 1,800,000; 2015 AED 2,000,000; 2021 AED 1,380,000; 2022 AED 1,579,408; 2023 AED 2,050,000; 2024 AED 2,500,000; 2025 AED 2,850,000; 2026 AED 2,990,000Sold by developer, October 2015: AED 825,000 (AED 534 per sqft)

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

Rents
Unit 171, each contractTypical two-bed in Marina Terrace Tower
100K150K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 145,000; 2015 AED 153,000; 2016 AED 149,584; 2017 AED 140,000; 2018 AED 125,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 105,000; 2022 AED 110,650; 2023 AED 140,000; 2024 AED 155,000; 2025 AED 157,500; 2026 AED 141,000New contract, June 2015: AED 155,000 a yearNew contract, September 2017: AED 125,000 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 Terrace Tower, and where 171 sits

All 50 2-beds →

Over the last 12 months two-beds sold for AED 2,840,000 to 3,300,000, around AED 1,613 per sqft, and rent for AED 115,920 to 190,000 a year. 171's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20262,900,000
15 Oct 20263,300,000
19 Jan 20262,990,000
26 Dec 20252,840,000
4 2-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 17th floor

All 188 units in Marina Terrace Tower
Value
1721-bedAED 1.84M · Feb 2014
1731-bedAED 1.22M · Jun 2012
1742-bedAED 2.85M · Sep 2025
1751-bedAED 585K · Sep 2008
1761-bedAED 1.4M · Apr 2013
1773-bedAED 1.16M · Jul 2012

171, Marina Terrace Tower in numbers

  • Sold once: by DAMAC PROPERTIES CO on 13 October 2015 for AED 825,000, or AED 534 per sqft.
  • Rented since June 2015 on 2 Ejari contracts, from AED 155,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2015 price is 15.2%, before a service charge of about AED 32,100 a year (AED 20.83 per sqft).
  • Two-beds in Marina Terrace Tower sold for AED 2,840,000–3,300,000 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 1 September 2017.

Questions about 171, Marina Terrace Tower

What did unit 171 last sell for?

AED 825,000 on 13 October 2015, sold by the developer: AED 534 per sqft for 1,543 sqft. It is the only registered sale of the unit.

What is the rent for unit 171?

AED 125,000 a year on the contract signed on 1 September 2017. The previous contract, from June 2015, was AED 155,000.

How big is unit 171?

1,543 sqft (143.3 sqm): a two-bedroom apartment on the 17th floor of a 36-storey tower completed in 2006.

What is unit 171 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Terrace Tower sold for AED 2,840,000 to 3,300,000 in the last 12 months, around AED 1,613 per sqft.

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Mortgage on 171, Marina Terrace Tower

Starts from the last sale price (AED 825K, 13 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 825,000
Deposit, UAE resident (20%)
AED 165,000
Deposit, non-resident (40%)
AED 330,000
Monthly over 25 years at 3.7%
AED 3,375

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