3-bed · 1,939 sqftMarina Terrace Tower, Dubai Marina · 30th floor · completed 2006

302, Marina Terrace Tower

Sold prices and rental history: sold 4 times, last in November 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 22 November 2024
Last soldAED 2.95M22 November 2024
Current rentAED 192K /yr25 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Marina Terrace Tower

What is 302 worth today?

Last sold for AED 2,950,000 in 2024

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22 Nov 2024SoldReady
AED 2,950,000AED 1,521 per sqft
25 Feb 2024RentedRenewal
AED 192,434/yr2 months · AED 99 per sqft
25 Feb 2024RentedRenewal
AED 192,434/yr2 months · AED 99 per sqft
25 Feb 2023RentedNew contract
AED 195,000/yr12 months · AED 101 per sqft
2 Jan 2023SoldReady
AED 2,350,000AED 1,211 per sqft
21 Nov 2021RentedNew contract
AED 150,000/yr12 months · AED 77 per sqft
30 Sep 2020RentedNew contract
AED 125,000/yr12 months · AED 65 per sqft
25 Aug 2020SoldReady
AED 1,700,000AED 876 per sqft

Source: Dubai Land Department. Updated 22 November 2024.

Key facts

Type
3-bed apartment
Size
1,939 sqft
Floor
30th of 36
Parking
P5-223
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 40,400 /yr
Last sold
AED 2.95M · November 2024

About 302, Marina Terrace Tower

302 is a three-bedroom apartment of 1,939 sqft on the 30th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 22 November 2024 for AED 2,950,000, or AED 1,521 per sqft, 8% above the AED 1,405 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 25 February 2024, is AED 192,434 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 40,400 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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 2011: AED 1,344,250 (AED 693 per sqft)Sold, August 2020: AED 1,700,000 (AED 876 per sqft)Sold, January 2023: AED 2,350,000 (AED 1,211 per sqft)Sold, November 2024: AED 2,950,000 (AED 1,521 per sqft)

302 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 302, each contractTypical three-bed in Marina Terrace Tower
100K150K200K2012201620202024Typical 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, September 2018: AED 140,000 a yearRenewal, September 2019: AED 140,000 a yearNew contract, September 2020: AED 125,000 a yearNew contract, November 2021: AED 150,000 a yearNew contract, February 2023: AED 195,000 a yearRenewal, February 2024: AED 192,434 a yearRenewal, February 2024: AED 192,434 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 302 sits

All 55 3-beds →

302 last sold in November 2024 at AED 1,521 per sqft, 8% above what three-beds in Marina Terrace Tower were fetching at the time (AED 1,405). 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. 302's AED 192,434 is in the lower half 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 30th floor

All 188 units in Marina Terrace Tower
Value
3013-bedAED 1.05M · Jul 2008
3032-bedAED 2.7M · May 2014
3043-bedAED 1.8M · Aug 2019
3053-bedAED 1.7M · Feb 2012

302, Marina Terrace Tower in numbers

  • Sold 4 times: first on 3 August 2011 for AED 1,344,250, last on 22 November 2024 for AED 2,950,000 (AED 1,521 per sqft).
  • Rented since September 2018 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 125,000 in 2020 and recovered to AED 192,434 by February 2024.
  • At AED 192,434 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 40,400 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 22 November 2024.

Questions about 302, Marina Terrace Tower

What did unit 302 last sell for?

AED 2,950,000 on 22 November 2024: AED 1,521 per sqft for 1,939 sqft. The unit has 4 registered sales; the first was AED 1,344,250 in August 2011.

What is the rent for unit 302?

AED 192,434 a year on the contract renewed on 25 February 2024. The previous contract, from February 2024, was AED 192,434; the unit has been rented since September 2018.

How big is unit 302?

1,939 sqft (180.1 sqm): a three-bedroom apartment on the 30th floor of a 36-storey tower completed in 2006.

What is unit 302 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 302, Marina Terrace Tower

Starts from the last sale price (AED 2.95M, 22 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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