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3-bed · 2,053 sqftMarina Terrace Tower, Dubai Marina · 30th floor · completed 2006

304, Marina Terrace Tower

Sold prices and rental history: sold twice, last in August 2019, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 28 August 2019
Last soldAED 1.8M28 August 2019
Current rentAED 190K /yr10 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 304, Marina Terrace Tower

What is 304 worth today?

Last sold for AED 1,800,000 in 2019

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28 Aug 2019SoldReady
AED 1,800,000AED 876 per sqft
10 Jul 2015RentedRenewal
AED 190,000/yr12 months · AED 92 per sqft
10 Jul 2014RentedNew contract
AED 185,000/yr12 months · AED 90 per sqft
8 Jul 2008Sold by developerReady
AED 1,045,000AED 509 per sqft

Source: Dubai Land Department. Updated 28 August 2019.

Key facts

Type
3-bed apartment
Size
2,053 sqft
Floor
30th of 36
Parking
P5-221
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 42,800 /yr
Last sold
AED 1.8M · August 2019
Building
Marina Terrace Tower

About 304, Marina Terrace Tower

304 is a three-bedroom apartment of 2,053 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 28 August 2019 for AED 1,800,000, or AED 876 per sqft, in line with the AED 876 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 10 July 2015, is AED 190,000 a year: a gross yield of 10.6% on the 2019 price, before the service charge of about AED 42,800 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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, July 2008: AED 1,045,000 (AED 509 per sqft)Sold, August 2019: AED 1,800,000 (AED 876 per sqft)

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

Rents
Unit 304, 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, July 2014: AED 185,000 a yearRenewal, July 2015: AED 190,000 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 304 sits

All 55 3-beds →

304 last sold in August 2019 at AED 876 per sqft, in line with what three-beds in Marina Terrace Tower were fetching at the time (AED 876). 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. 304's AED 190,000 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
3023-bedAED 2.95M · Nov 2024
3032-bedAED 2.7M · May 2014
3053-bedAED 1.7M · Feb 2012

304, Marina Terrace Tower in numbers

  • Sold twice: first on 8 July 2008 for AED 1,045,000, last on 28 August 2019 for AED 1,800,000 (AED 876 per sqft).
  • Rented since July 2014 on 2 Ejari contracts, from AED 185,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2019 price is 10.6%, before a service charge of about AED 42,800 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 28 August 2019.

Questions about 304, Marina Terrace Tower

What did unit 304 last sell for?

AED 1,800,000 on 28 August 2019: AED 876 per sqft for 2,053 sqft. The unit has 2 registered sales; the first was AED 1,045,000 in July 2008.

What is the rent for unit 304?

AED 190,000 a year on the contract renewed on 10 July 2015. The previous contract, from July 2014, was AED 185,000.

How big is unit 304?

2,053 sqft (190.7 sqm): a three-bedroom apartment on the 30th floor of a 36-storey tower completed in 2006.

What is unit 304 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 304, Marina Terrace Tower

Starts from the last sale price (AED 1.8M, 28 August 2019). 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 →