2-bed · 2,916 sqftMarina Tower, Dubai Marina · 1st floor · completed 2006

101, Marina Tower

Sold prices and rental history: sold twice, last in March 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 8 March 2021
Last soldAED 2.55M8 March 2021
Current rentAED 160K /yr29 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Marina Tower

What is 101 worth today?

Last sold for AED 2,550,000 in 2021

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8 Mar 2021SoldReady
AED 2,550,000AED 874 per sqft
29 Nov 2018RentedNew contract
AED 160,000/yr12 months · AED 55 per sqft
21 Sep 2018RentedNew contract
AED 215,000/yr12 months · AED 74 per sqft
18 Sep 2017RentedRenewal
AED 215,000/yr12 months · AED 74 per sqft
18 Sep 2016RentedNew contract
AED 215,000/yr12 months · AED 74 per sqft
9 Aug 2015RentedNew contract
AED 225,000/yr12 months · AED 77 per sqft
1 Sep 2014RentedNew contract
AED 235,000/yr12 months · AED 81 per sqft
19 May 2014Sold by developerReady
AED 3,165,000AED 1,085 per sqft

Source: Dubai Land Department. Updated 8 March 2021.

Key facts

Type
2-bed apartment
Size
2,916 sqft
Floor
1st of 32
Parking
P2-T049
Developer
Select Global Development
Completed
2006
Service charge
AED 49,300 /yr
Last sold
AED 2.55M · March 2021
Building
Marina Tower

About 101, Marina Tower

101 is a two-bedroom apartment of 2,916 sqft on the 1st floor of Marina Tower, a 32-storey tower in Dubai Marina completed in 2006 by Select Global Development. It last sold on 8 March 2021 for AED 2,550,000, or AED 874 per sqft, 9% below the AED 963 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 29 November 2018, is AED 160,000 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 49,300 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical two-bed in Marina Tower
1M2M3M2013201720212025Typical sale price by year: 2013 AED 2,050,000; 2014 AED 2,650,000; 2015 AED 2,745,000; 2019 AED 1,200,000; 2021 AED 1,575,000; 2022 AED 1,670,000; 2023 AED 2,048,408; 2024 AED 2,300,000; 2025 AED 2,350,000Sold by developer, May 2014: AED 3,165,000 (AED 1,085 per sqft)Sold, March 2021: AED 2,550,000 (AED 874 per sqft)

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

Rents
Unit 101, each contractTypical two-bed in Marina Tower
100K200K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 120,000; 2014 AED 145,000; 2015 AED 142,500; 2016 AED 143,000; 2017 AED 130,000; 2018 AED 120,000; 2019 AED 120,000; 2020 AED 95,367; 2021 AED 95,000; 2022 AED 107,500; 2023 AED 135,000; 2024 AED 135,000; 2025 AED 150,000; 2026 AED 150,000New contract, September 2014: AED 235,000 a yearNew contract, August 2015: AED 225,000 a yearNew contract, September 2016: AED 215,000 a yearRenewal, September 2017: AED 215,000 a yearNew contract, September 2018: AED 215,000 a yearNew contract, November 2018: AED 160,000 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 Tower, and where 101 sits

All 70 2-beds →

101 last sold in March 2021 at AED 874 per sqft, 9% below what two-beds in Marina Tower were fetching at the time (AED 963). Over the last 12 months two-beds sold for AED 2,475,000 to 2,500,000, around AED 1,648 per sqft, and rent for AED 115,000 to 330,000 a year. 101's AED 160,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 May 20262,500,000
26 Jan 20262,475,000
21 Feb 20252,350,000
31 Jan 20252,100,000
2 2-bed sales in the last 12 months

Marina Tower

Building

197 apartments, 1-bed to 3-bed over 32 floors in Dubai Marina, completed in 2006 by Select Global Development. 17 sold in the last 12 months.

Typical price per sqft
AED 1,891 Up 3.1%
Typical sale
AED 3.4M
Typical rent
AED 143K /yr
Typical yield
5.7%
Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 1st floor

All 197 units in Marina Tower
Value
1022-bedAED 3.23M · Apr 2014
1032-bedAED 3.08M · Aug 2013
1041-bedAED 1.85M · Jul 2013
1052-bedAED 3.15M · Nov 2022

101, Marina Tower in numbers

  • Sold twice: first on 19 May 2014 for AED 3,165,000, last on 8 March 2021 for AED 2,550,000 (AED 874 per sqft).
  • Rented since September 2014 on 6 Ejari contracts, from AED 235,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2021 price is 6.3%, before a service charge of about AED 49,300 a year (AED 16.91 per sqft).
  • Two-beds in Marina Tower sold for AED 2,475,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,891 per sqft.

Source: Dubai Land Department. Updated 8 March 2021.

Questions about 101, Marina Tower

What did unit 101 last sell for?

AED 2,550,000 on 8 March 2021: AED 874 per sqft for 2,916 sqft. The unit has 2 registered sales; the first was AED 3,165,000 in May 2014.

What is the rent for unit 101?

AED 160,000 a year on the contract signed on 29 November 2018. The previous contract, from September 2018, was AED 215,000; the unit has been rented since September 2014.

How big is unit 101?

2,916 sqft (270.9 sqm): a two-bedroom apartment on the 1st floor of a 32-storey tower completed in 2006.

What is unit 101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Tower sold for AED 2,475,000 to 2,500,000 in the last 12 months, around AED 1,648 per sqft.

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Mortgage on 101, Marina Tower

Starts from the last sale price (AED 2.55M, 8 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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