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1-bed · 1,054 sqftMarina Terrace Tower, Dubai Marina · 25th floor · completed 2006

256, Marina Terrace Tower

Sold prices and rental history: sold twice, last in April 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 256 · DLD and Ejari recordsUpdated 10 April 2016
Last soldAED 1.4M10 April 2016
Current rentAED 91K /yr6 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 256, Marina Terrace Tower

What is 256 worth today?

Last sold for AED 1,400,000 in 2016

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10 Apr 2016SoldReady
AED 1,400,000AED 1,328 per sqft
6 Apr 2015RentedNew contract
AED 90,750/yr12 months · AED 86 per sqft
6 Apr 2014RentedRenewal
AED 82,500/yr12 months · AED 78 per sqft
6 Apr 2013RentedRenewal
AED 75,000/yr12 months · AED 71 per sqft
6 Apr 2012RentedNew contract
AED 75,000/yr12 months · AED 71 per sqft
5 May 2009Sold by developerReady
AED 834,200AED 791 per sqft

Source: Dubai Land Department. Updated 10 April 2016.

Key facts

Type
1-bed apartment
Size
1,054 sqft
Floor
25th of 36
Parking
P4-174
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 22,000 /yr
Last sold
AED 1.4M · April 2016
Building
Marina Terrace Tower

About 256, Marina Terrace Tower

256 is a one-bedroom apartment of 1,054 sqft on the 25th 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 1,400,000, or AED 1,328 per sqft, 13% below the AED 1,529 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 6 April 2015, is AED 90,750 a year: a gross yield of 6.5% on the 2016 price, before the service charge of about AED 22,000 a year.

Sales and rents for 256 over time

Sales
Unit 256, 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, May 2009: AED 834,200 (AED 791 per sqft)Sold, April 2016: AED 1,400,000 (AED 1,328 per sqft)

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

Rents
Unit 256, each contractTypical one-bed in Marina Terrace Tower
80K100K2012201620202024Typical 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 2012: AED 75,000 a yearRenewal, April 2013: AED 75,000 a yearRenewal, April 2014: AED 82,500 a yearNew contract, April 2015: AED 90,750 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 256 sits

All 80 1-beds →

256 last sold in April 2016 at AED 1,328 per sqft, 13% below 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. 256's AED 90,750 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 25th floor

All 188 units in Marina Terrace Tower
Value
2512-bedAED 2.3M · Sep 2023
2521-bedAED 1.65M · Dec 2024
2531-bedAED 1.35M · May 2013
2542-bedAED 1.25M · Jul 2008
2551-bedAED 1.55M · Oct 2023
2573-bedAED 2.2M · Apr 2023

256, Marina Terrace Tower in numbers

  • Sold twice: first on 5 May 2009 for AED 834,200, last on 10 April 2016 for AED 1,400,000 (AED 1,328 per sqft).
  • Rented since April 2012 on 4 Ejari contracts, from AED 75,000 to AED 90,750 a year.
  • At AED 90,750 a year the gross yield on the 2016 price is 6.5%, 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 10 April 2016.

Questions about 256, Marina Terrace Tower

What did unit 256 last sell for?

AED 1,400,000 on 10 April 2016: AED 1,328 per sqft for 1,054 sqft. The unit has 2 registered sales; the first was AED 834,200 in May 2009.

What is the rent for unit 256?

AED 90,750 a year on the contract signed on 6 April 2015. The previous contract, from April 2014, was AED 82,500; the unit has been rented since April 2012.

How big is unit 256?

1,054 sqft (97.9 sqm): a one-bedroom apartment on the 25th floor of a 36-storey tower completed in 2006.

What is unit 256 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 256, Marina Terrace Tower

Starts from the last sale price (AED 1.4M, 10 April 2016). 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 →