1-bed · 938 sqftMarina Terrace Tower, Dubai Marina · 17th floor · completed 2006

173, Marina Terrace Tower

Sold prices and rental history: sold 3 times, last in June 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 173 · DLD and Ejari recordsUpdated 1 July 2023
Last soldAED 1.22M14 June 2012
Current rentAED 66K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 173, Marina Terrace Tower

What is 173 worth today?

Last sold for AED 1,220,000 in 2012

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1 Jul 2023RentedRenewal
AED 66,000/yr12 months · AED 70 per sqft
1 Jul 2022RentedRenewal
AED 60,000/yr12 months · AED 64 per sqft
1 Jul 2021RentedRenewal
AED 60,000/yr12 months · AED 64 per sqft
1 Jul 2020RentedNew contract
AED 60,000/yr12 months · AED 64 per sqft
20 Nov 2018RentedNew contract
AED 90,000/yr12 months · AED 96 per sqft
20 Sep 2017RentedNew contract
AED 95,000/yr12 months · AED 101 per sqft
3 Apr 2015RentedNew contract
AED 135,000/yr12 months · AED 144 per sqft
3 Apr 2014RentedNew contract
AED 135,000/yr12 months · AED 144 per sqft

Source: Dubai Land Department. Updated 1 July 2023.

Key facts

Type
1-bed apartment
Size
938 sqft
Floor
17th of 36
Parking
P2-81
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 19,500 /yr
Last sold
AED 1.22M · June 2012

About 173, Marina Terrace Tower

173 is a one-bedroom apartment of 938 sqft on the 17th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 14 June 2012 for AED 1,220,000, or AED 1,300 per sqft, 34% above the AED 970 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 66,000 a year: a gross yield of 5.4% on the 2012 price, before the service charge of about AED 19,500 a year.

Sales and rents for 173 over time

Sales
Unit 173, 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, February 2010: AED 610,000 (AED 650 per sqft)Sold, May 2011: AED 820,000 (AED 874 per sqft)Sold, June 2012: AED 1,220,000 (AED 1,300 per sqft)

173 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 173, each contractTypical one-bed in Marina Terrace Tower
50K100K2012201620202024Typical 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 96,592New contract, April 2014: AED 135,000 a yearNew contract, April 2015: AED 135,000 a yearNew contract, September 2017: AED 95,000 a yearNew contract, November 2018: AED 90,000 a yearNew contract, July 2020: AED 60,000 a yearRenewal, July 2021: AED 60,000 a yearRenewal, July 2022: AED 60,000 a yearRenewal, July 2023: AED 66,000 a year

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 173 sits

All 80 1-beds →

173 last sold in June 2012 at AED 1,300 per sqft, 34% above what one-beds in Marina Terrace Tower were fetching at the time (AED 970). 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. 173's AED 66,000 is in the lower half of that range.

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 17th floor

All 188 units in Marina Terrace Tower
Value
1712-bedAED 825K · Oct 2015
1721-bedAED 1.84M · Feb 2014
1742-bedAED 2.85M · Sep 2025
1751-bedAED 585K · Sep 2008
1761-bedAED 1.4M · Apr 2013
1773-bedAED 1.16M · Jul 2012

173, Marina Terrace Tower in numbers

  • Sold 3 times: first on 15 February 2010 for AED 610,000, last on 14 June 2012 for AED 1,220,000 (AED 1,300 per sqft).
  • Rented since April 2014 on 8 Ejari contracts, from AED 135,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2012 price is 5.4%, before a service charge of about AED 19,500 a year (AED 20.83 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 1 July 2023.

Questions about 173, Marina Terrace Tower

What did unit 173 last sell for?

AED 1,220,000 on 14 June 2012: AED 1,300 per sqft for 938 sqft. The unit has 3 registered sales; the first was AED 610,000 in February 2010.

What is the rent for unit 173?

AED 66,000 a year on the contract renewed on 1 July 2023. The previous contract, from July 2022, was AED 60,000; the unit has been rented since April 2014.

How big is unit 173?

938 sqft (87.1 sqm): a one-bedroom apartment on the 17th floor of a 36-storey tower completed in 2006.

What is unit 173 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 173, Marina Terrace Tower

Starts from the last sale price (AED 1.22M, 14 June 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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