2-bed · 1,543 sqftMarina Terrace Tower, Dubai Marina · 22nd floor · completed 2006

221, Marina Terrace Tower

Sold prices and rental history: sold twice, last in August 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 221 · DLD and Ejari recordsUpdated 21 March 2021
Last soldAED 1.4M11 August 2011
Current rentAED 90K /yr21 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 221, Marina Terrace Tower

What is 221 worth today?

Last sold for AED 1,400,000 in 2011

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21 Mar 2021RentedNew contract
AED 90,000/yr12 months · AED 58 per sqft
27 Apr 2019RentedNew contract
AED 120,000/yr12 months · AED 78 per sqft
1 May 2018RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft
1 Mar 2017RentedNew contract
AED 135,000/yr12 months · AED 88 per sqft
10 Mar 2013RentedNew contract
AED 125,000/yr12 months · AED 81 per sqft
11 Aug 2011SoldReady
AED 1,400,000AED 907 per sqft
10 Aug 2008Sold by developerReady
AED 885,000AED 573 per sqft

Source: Dubai Land Department. Updated 21 March 2021.

Key facts

Type
2-bed apartment
Size
1,543 sqft
Floor
22nd of 36
Parking
P3-121
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 32,100 /yr
Last sold
AED 1.4M · August 2011

About 221, Marina Terrace Tower

221 is a two-bedroom apartment of 1,543 sqft on the 22nd floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 11 August 2011 for AED 1,400,000, or AED 907 per sqft, 10% above the AED 828 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 21 March 2021, is AED 90,000 a year: a gross yield of 6.4% on the 2011 price, before the service charge of about AED 32,100 a year.

Sales and rents for 221 over time

Sales
Unit 221, 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, August 2008: AED 885,000 (AED 573 per sqft)Sold, August 2011: AED 1,400,000 (AED 907 per sqft)

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

Rents
Unit 221, 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, March 2013: AED 125,000 a yearNew contract, March 2017: AED 135,000 a yearNew contract, May 2018: AED 125,000 a yearNew contract, April 2019: AED 120,000 a yearNew contract, March 2021: AED 90,000 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 221 sits

All 50 2-beds →

221 last sold in August 2011 at AED 907 per sqft, 10% above what two-beds in Marina Terrace Tower were fetching at the time (AED 828). 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. 221's AED 90,000 is at the bottom 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 22nd floor

All 188 units in Marina Terrace Tower
Value
2221-bedAED 1.54M · Mar 2017
2231-bedAED 579K · Sep 2010
2242-bedAED 2.95M · Oct 2025
2251-bedAED 1.5M · Jun 2015
2261-bedAED 1.78M · Feb 2024
2273-bedAED 1M · Jun 2010

221, Marina Terrace Tower in numbers

  • Sold twice: first on 10 August 2008 for AED 885,000, last on 11 August 2011 for AED 1,400,000 (AED 907 per sqft).
  • Rented since March 2013 on 5 Ejari contracts, from AED 125,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2011 price is 6.4%, 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 21 March 2021.

Questions about 221, Marina Terrace Tower

What did unit 221 last sell for?

AED 1,400,000 on 11 August 2011: AED 907 per sqft for 1,543 sqft. The unit has 2 registered sales; the first was AED 885,000 in August 2008.

What is the rent for unit 221?

AED 90,000 a year on the contract signed on 21 March 2021. The previous contract, from April 2019, was AED 120,000; the unit has been rented since March 2013.

How big is unit 221?

1,543 sqft (143.3 sqm): a two-bedroom apartment on the 22nd floor of a 36-storey tower completed in 2006.

What is unit 221 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 221, Marina Terrace Tower

Starts from the last sale price (AED 1.4M, 11 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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