3-bed · 1,795 sqftMarina Terrace Tower, Dubai Marina · 28th floor · completed 2006

285, Marina Terrace Tower

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2010. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 285 · DLD and Ejari recordsUpdated 23 May 2023
Last soldAED 2.28M23 May 2023
Current rentAED 1.25M /yr1 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 285, Marina Terrace Tower

What is 285 worth today?

Last sold for AED 2,275,000 in 2023

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23 May 2023SoldReady
AED 2,275,000AED 1,267 per sqft
1 May 2022RentedNew contract · flagged as an outlier
AED 1,250,000/yr12 months · AED 695 per sqft
1 May 2022RentedNew contract
AED 125,000/yr12 months · AED 70 per sqft
28 Oct 2021RentedRenewal
AED 137,142/yr10 months · AED 76 per sqft
28 Apr 2021RentedRenewal
AED 137,142/yr6 months · AED 76 per sqft
27 Sep 2020RentedRenewal
AED 136,493/yr7 months · AED 76 per sqft
27 Sep 2019RentedRenewal
AED 150,000/yr12 months · AED 83 per sqft
27 Sep 2018RentedNew contract
AED 150,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 23 May 2023.

Key facts

Type
3-bed apartment
Size
1,795 sqft
Floor
28th of 36
Parking
P5-231
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 37,400 /yr
Last sold
AED 2.28M · May 2023

About 285, Marina Terrace Tower

285 is a three-bedroom apartment of 1,795 sqft on the 28th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 23 May 2023 for AED 2,275,000, or AED 1,267 per sqft, 4% above the AED 1,217 three-beds in the building were fetching at the time.

It has been rented continuously since 2010 on 11 Ejari contracts. The current contract, signed on 1 May 2022, is AED 1,250,000 a year: a gross yield of 54.9% on the 2023 price, before the service charge of about AED 37,400 a year.

Sales and rents for 285 over time

Sales
Unit 285, each saleTypical three-bed in Marina Terrace Tower
2M4M2008201320182023Typical 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, October 2008: AED 1,845,000 (AED 1,027 per sqft)Sold, November 2008: AED 3,800,000 (AED 2,116 per sqft)Sold, May 2023: AED 2,275,000 (AED 1,267 per sqft)

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

Rents
Unit 285, each contractTypical three-bed in Marina Terrace Tower
100K150K200K2010201520202025Typical 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 150,000New contract, June 2010: AED 150,000 a yearNew contract, June 2013: AED 177,000 a yearNew contract, May 2014: AED 190,000 a yearRenewal, May 2015: AED 199,500 a yearNew contract, September 2018: AED 150,000 a yearRenewal, September 2019: AED 150,000 a yearRenewal, September 2020: AED 136,493 a yearRenewal, April 2021: AED 137,142 a yearRenewal, October 2021: AED 137,142 a yearNew contract, May 2022: AED 125,000 a year

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 285 sits

All 55 3-beds →

285 last sold in May 2023 at AED 1,267 per sqft, 4% above what three-beds in Marina Terrace Tower were fetching at the time (AED 1,217). 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. 285's AED 1,250,000 is at the top of that range.

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 28th floor

All 188 units in Marina Terrace Tower
Value
2813-bedAED 1.75M · Jan 2012
2823-bedAED 1.75M · May 2017
2832-bedAED 3.3M · Oct 2026
2843-bedAED 1.19M · Jul 2008

285, Marina Terrace Tower in numbers

  • Sold 3 times: first on 26 October 2008 for AED 1,845,000, last on 23 May 2023 for AED 2,275,000 (AED 1,267 per sqft).
  • Rented since June 2010 on 11 Ejari contracts. The rent fell from AED 150,000 to AED 125,000 in 2022 and recovered to AED 1,250,000 by May 2022.
  • At AED 1,250,000 a year the gross yield on the 2023 price is 54.9%, before a service charge of about AED 37,400 a year (AED 20.83 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 23 May 2023.

Questions about 285, Marina Terrace Tower

What did unit 285 last sell for?

AED 2,275,000 on 23 May 2023: AED 1,267 per sqft for 1,795 sqft. The unit has 3 registered sales; the first was AED 1,845,000 in October 2008.

What is the rent for unit 285?

AED 1,250,000 a year on the contract signed on 1 May 2022. The previous contract, from May 2022, was AED 125,000; the unit has been rented since June 2010.

How big is unit 285?

1,795 sqft (166.8 sqm): a three-bedroom apartment on the 28th floor of a 36-storey tower completed in 2006.

What is unit 285 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 285, Marina Terrace Tower

Starts from the last sale price (AED 2.28M, 23 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,275,000
Deposit, UAE resident (20%)
AED 455,000
Deposit, non-resident (40%)
AED 910,000
Monthly over 25 years at 3.7%
AED 9,308

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