2-bed · 1,543 sqftMarina Terrace Tower, Dubai Marina · 6th floor · completed 2006

61, Marina Terrace Tower

Sold prices and rental history: sold 3 times, last in March 2015, and rented once, from September 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 61 · DLD and Ejari recordsUpdated 1 September 2016
Last soldAED 2M1 March 2015
Current rentAED 150K /yr1 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 61, Marina Terrace Tower

What is 61 worth today?

Last sold for AED 2,000,000 in 2015

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1 Sep 2016RentedNew contract
AED 149,584/yr12 months · AED 97 per sqft
1 Mar 2015SoldReady
AED 2,000,000AED 1,296 per sqft
12 Aug 2010SoldReady
AED 1,000,000AED 648 per sqft
28 Jul 2010Sold by developerReady
AED 1,156,000AED 749 per sqft

Source: Dubai Land Department. Updated 1 September 2016.

Key facts

Type
2-bed apartment
Size
1,543 sqft
Floor
6th of 36
Parking
P3-148
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 32,100 /yr
Last sold
AED 2M · March 2015

About 61, Marina Terrace Tower

61 is a two-bedroom apartment of 1,543 sqft on the 6th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 1 March 2015 for AED 2,000,000, or AED 1,296 per sqft, 5% below the AED 1,360 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2016. The current contract, signed on 1 September 2016, is AED 149,584 a year: a gross yield of 7.5% on the 2015 price, before the service charge of about AED 32,100 a year.

Sales and rents for 61 over time

Sales
Unit 61, each saleTypical two-bed in Marina Terrace Tower
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,085,000; 2009 AED 1,390,000; 2010 AED 1,156,000; 2011 AED 1,535,000; 2012 AED 1,800,000; 2013 AED 1,800,000; 2015 AED 2,000,000; 2021 AED 1,380,000; 2022 AED 1,579,408; 2023 AED 2,050,000; 2024 AED 2,500,000; 2025 AED 2,850,000; 2026 AED 2,990,000Sold by developer, July 2010: AED 1,156,000 (AED 749 per sqft)Sold, August 2010: AED 1,000,000 (AED 648 per sqft)Sold, March 2015: AED 2,000,000 (AED 1,296 per sqft)

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

Rents
Unit 61, each contractTypical two-bed in Marina Terrace Tower
100K150K2013201720212025Typical rent by year: 2013 AED 130,000; 2014 AED 145,000; 2015 AED 153,000; 2016 AED 149,584; 2017 AED 140,000; 2018 AED 125,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 105,000; 2022 AED 110,650; 2023 AED 140,000; 2024 AED 155,000; 2025 AED 157,500; 2026 AED 141,000New contract, September 2016: AED 149,584 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Marina Terrace Tower, and where 61 sits

All 50 2-beds →

61 last sold in March 2015 at AED 1,296 per sqft, 5% below what two-beds in Marina Terrace Tower were fetching at the time (AED 1,360). Over the last 12 months two-beds sold for AED 2,840,000 to 3,300,000, around AED 1,613 per sqft, and rent for AED 115,920 to 190,000 a year. 61's AED 149,584 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20262,900,000
15 Oct 20263,300,000
19 Jan 20262,990,000
26 Dec 20252,840,000
4 2-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 6th floor

All 188 units in Marina Terrace Tower
Value
621-bedAED 1.37M · Aug 2023
631-bedAED 790K · Sep 2008
642-bedAED 1.4M · Oct 2013
651-bedAED 1.5M · Sep 2015
661-bedAED 1.24M · Aug 2008
673-bedAED 1.32M · Aug 2014

61, Marina Terrace Tower in numbers

  • Sold 3 times: first on 28 July 2010 for AED 1,156,000, last on 1 March 2015 for AED 2,000,000 (AED 1,296 per sqft).
  • Rented since September 2016 on one Ejari contract, at AED 149,584 a year.
  • At AED 149,584 a year the gross yield on the 2015 price is 7.5%, before a service charge of about AED 32,100 a year (AED 20.83 per sqft).
  • Two-beds in Marina Terrace Tower sold for AED 2,840,000–3,300,000 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 1 September 2016.

Questions about 61, Marina Terrace Tower

What did unit 61 last sell for?

AED 2,000,000 on 1 March 2015: AED 1,296 per sqft for 1,543 sqft. The unit has 3 registered sales; the first was AED 1,156,000 in July 2010.

What is the rent for unit 61?

AED 149,584 a year on the contract signed on 1 September 2016.

How big is unit 61?

1,543 sqft (143.3 sqm): a two-bedroom apartment on the 6th floor of a 36-storey tower completed in 2006.

What is unit 61 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Terrace Tower sold for AED 2,840,000 to 3,300,000 in the last 12 months, around AED 1,613 per sqft.

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Mortgage on 61, Marina Terrace Tower

Starts from the last sale price (AED 2M, 1 March 2015). 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 →