246, Marina Terrace Tower
Sold prices and rental history: sold 3 times, last in April 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 246, Marina Terrace Tower
What is 246 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 December 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 1,054 sqft
- Floor
- 24th of 36
- Parking
- P4-179
- Developer
- DAMAC PROPERTIES CO
- Completed
- 2006
- Service charge
- AED 22,000 /yr
- Last sold
- AED 1.8M · April 2016
- Building
- Marina Terrace Tower
About 246, Marina Terrace Tower
246 is a one-bedroom apartment of 1,054 sqft on the 24th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 10 April 2016 for AED 1,800,000, or AED 1,707 per sqft, 12% above the AED 1,529 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 December 2020, is AED 90,000 a year: a gross yield of 5.0% on the 2016 price, before the service charge of about AED 22,000 a year.
Sales and rents for 246 over time
246 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 246 sits
All 80 1-beds →246 last sold in April 2016 at AED 1,707 per sqft, 12% above what one-beds in Marina Terrace Tower were fetching at the time (AED 1,529). 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. 246's AED 90,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Apr 202615 April 2026 | 1,054 sqft | 1,800,000 | 1,707 | ||
| 16 Dec 202516 December 2025 | 1,055 sqft | 1,610,000 | 1,526 | ||
| 3 Dec 20253 December 2025 | 938 sqft | 1,740,000 | 1,855 | ||
| 12 Nov 202512 November 2025 | 943 sqft | 1,685,000 | 1,786 |
Marina Terrace Tower
Building188 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%
Other units on the 24th floor
All 188 units in Marina Terrace Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 241 | 2-bed | 1,543 sqft | AED 1.55MAED 1,550,000 · Sep 2022September 2022 | 141,000 /yr | |
| 242 | 1-bed | 1,054 sqft | AED 595KAED 595,000 · Dec 2011December 2011 | 100,000 /yr | |
| 243 | 1-bed | 938 sqft | AED 545KAED 545,000 · Sep 2015September 2015 | ||
| 244 | 2-bed | 1,820 sqft | AED 2MAED 2,000,000 · Sep 2009September 2009 | 180,000 /yr | |
| 245 | 1-bed | 943 sqft | AED 1.35MAED 1,350,000 · Apr 2018April 2018 | ||
| 247 | 3-bed | 1,640 sqft | AED 2MAED 2,000,000 · Jun 2022June 2022 |
246, Marina Terrace Tower in numbers
- Sold 3 times: first on 3 January 2013 for AED 1,710,000, last on 10 April 2016 for AED 1,800,000 (AED 1,707 per sqft).
- Rented since August 2013 on 4 Ejari contracts, from AED 110,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2016 price is 5.0%, before a service charge of about AED 22,000 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 December 2020.
Questions about 246, Marina Terrace Tower
What did unit 246 last sell for?
AED 1,800,000 on 10 April 2016: AED 1,707 per sqft for 1,054 sqft. The unit has 3 registered sales; the first was AED 1,710,000 in January 2013.
What is the rent for unit 246?
AED 90,000 a year on the contract renewed on 1 December 2020. The previous contract, from December 2019, was AED 90,000; the unit has been rented since August 2013.
How big is unit 246?
1,054 sqft (97.9 sqm): a one-bedroom apartment on the 24th floor of a 36-storey tower completed in 2006.
What is unit 246 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.
Selling 246? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 246, Marina Terrace Tower
Starts from the last sale price (AED 1.8M, 10 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →