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3-bed · 1,640 sqftMarina Terrace Tower, Dubai Marina · 24th floor · completed 2006

247, Marina Terrace Tower

Sold prices and rental history: sold 3 times, last in June 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 247 · DLD and Ejari recordsUpdated 30 June 2022
Last soldAED 2M30 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 247, Marina Terrace Tower

What is 247 worth today?

Last sold for AED 2,000,000 in 2022

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30 Jun 2022SoldReady
AED 2,000,000AED 1,219 per sqft
4 Dec 2012SoldReady
AED 1,500,000AED 914 per sqft
10 Aug 2008Sold by developerReady
AED 1,010,000AED 615 per sqft

Source: Dubai Land Department. Updated 30 June 2022.

Key facts

Type
3-bed apartment
Size
1,640 sqft
Floor
24th of 36
Parking
P4-180,P2-69
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 34,200 /yr
Last sold
AED 2M · June 2022
Building
Marina Terrace Tower

About 247, Marina Terrace Tower

247 is a three-bedroom apartment of 1,640 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 30 June 2022 for AED 2,000,000, or AED 1,219 per sqft, 7% below the AED 1,311 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 247 over time

Sales
Unit 247, 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 1,010,000 (AED 615 per sqft)Sold, December 2012: AED 1,500,000 (AED 914 per sqft)Sold, June 2022: AED 2,000,000 (AED 1,219 per sqft)

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

Rents
Unit 247, 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 150,000

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 247 sits

All 55 3-beds →

247 last sold in June 2022 at AED 1,219 per sqft, 7% below what three-beds in Marina Terrace Tower were fetching at the time (AED 1,311). 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.

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 24th floor

All 188 units in Marina Terrace Tower
Value
2412-bedAED 1.55M · Sep 2022
2421-bedAED 595K · Dec 2011
2431-bedAED 545K · Sep 2015
2442-bedAED 2M · Sep 2009
2451-bedAED 1.35M · Apr 2018
2461-bedAED 1.8M · Apr 2016

247, Marina Terrace Tower in numbers

  • Sold 3 times: first on 10 August 2008 for AED 1,010,000, last on 30 June 2022 for AED 2,000,000 (AED 1,219 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 30 June 2022.

Questions about 247, Marina Terrace Tower

What did unit 247 last sell for?

AED 2,000,000 on 30 June 2022: AED 1,219 per sqft for 1,640 sqft. The unit has 3 registered sales; the first was AED 1,010,000 in August 2008.

How big is unit 247?

1,640 sqft (152.4 sqm): a three-bedroom apartment on the 24th floor of a 36-storey tower completed in 2006.

What is unit 247 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 247, Marina Terrace Tower

Starts from the last sale price (AED 2M, 30 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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