3-bed · 1,586 sqftMarina Tower, Dubai Marina · 16th floor · completed 2006

1601, Marina Tower

Sold prices and rental history: sold twice, last in July 2014, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 5 September 2020
Last soldAED 3.18M21 July 2014
Current rentAED 97K /yr5 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, Marina Tower

What is 1601 worth today?

Last sold for AED 3,180,000 in 2014

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5 Sep 2020RentedNew contract
AED 96,844/yr20 months · AED 61 per sqft
21 Jul 2014SoldReady
AED 3,180,000AED 2,004 per sqft
1 Oct 2013Sold by developerReady
AED 2,555,900AED 1,611 per sqft
15 Sep 2012RentedNew contract
AED 130,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 5 September 2020.

Key facts

Type
3-bed apartment
Size
1,586 sqft
Floor
16th of 32
Parking
P5-117
Developer
Select Global Development
Completed
2006
Service charge
AED 26,800 /yr
Last sold
AED 3.18M · July 2014
Building
Marina Tower

About 1601, Marina Tower

1601 is a three-bedroom apartment of 1,586 sqft on the 16th floor of Marina Tower, a 32-storey tower in Dubai Marina completed in 2006 by Select Global Development. It last sold on 21 July 2014 for AED 3,180,000, or AED 2,004 per sqft, 20% above the AED 1,669 three-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 5 September 2020, is AED 96,844 a year: a gross yield of 3.0% on the 2014 price, before the service charge of about AED 26,800 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical three-bed in Marina Tower
2M3M4M2013201720212025Typical sale price by year: 2013 AED 2,985,000; 2014 AED 3,410,000; 2015 AED 3,750,000; 2018 AED 2,696,303; 2020 AED 1,841,155; 2021 AED 2,330,000; 2022 AED 2,412,500; 2023 AED 2,900,000; 2024 AED 3,100,000; 2025 AED 3,390,000; 2026 AED 3,615,000Sold by developer, October 2013: AED 2,555,900 (AED 1,611 per sqft)Sold, July 2014: AED 3,180,000 (AED 2,004 per sqft)

1601 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1601, each contractTypical three-bed in Marina Tower
100K200K2012201620202024Typical rent by year: 2012 AED 137,500; 2013 AED 150,000; 2014 AED 200,000; 2015 AED 210,000; 2016 AED 187,500; 2017 AED 178,500; 2018 AED 170,000; 2019 AED 158,750; 2020 AED 125,500; 2021 AED 125,750; 2022 AED 160,000; 2023 AED 175,000; 2024 AED 190,000; 2025 AED 205,000; 2026 AED 190,000New contract, September 2012: AED 130,000 a yearNew contract, September 2020: AED 96,844 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 Tower, and where 1601 sits

All 76 3-beds →

1601 last sold in July 2014 at AED 2,004 per sqft, 20% above what three-beds in Marina Tower were fetching at the time (AED 1,669). Over the last 12 months three-beds sold for AED 3,000,000 to 4,700,000, around AED 2,056 per sqft, and rent for AED 110,000 to 250,000 a year. 1601's AED 96,844 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
9 Oct 20263,615,000
19 Aug 20264,275,000
6 Aug 2026124,219
12 May 20263,000,000
10 3-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 16th floor

All 197 units in Marina Tower
Value
16021-bedAED 1.17M · Jun 2022
16031-bedAED 1.55M · May 2024
16042-bedAED 2.01M · Oct 2013
16052-bedAED 2.19M · Oct 2013
16063-bedAED 3.38M · Nov 2025
16073-bedAED 3.4M · May 2024

1601, Marina Tower in numbers

  • Sold twice: first on 1 October 2013 for AED 2,555,900, last on 21 July 2014 for AED 3,180,000 (AED 2,004 per sqft).
  • Rented since September 2012 on 2 Ejari contracts, from AED 130,000 to AED 96,844 a year.
  • At AED 96,844 a year the gross yield on the 2014 price is 3.0%, before a service charge of about AED 26,800 a year (AED 16.91 per sqft).
  • Three-beds in Marina Tower sold for AED 3,000,000–4,700,000 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 5 September 2020.

Questions about 1601, Marina Tower

What did unit 1601 last sell for?

AED 3,180,000 on 21 July 2014: AED 2,004 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 2,555,900 in October 2013.

What is the rent for unit 1601?

AED 96,844 a year on the contract signed on 5 September 2020. The previous contract, from September 2012, was AED 130,000.

How big is unit 1601?

1,586 sqft (147.3 sqm): a three-bedroom apartment on the 16th floor of a 32-storey tower completed in 2006.

What is unit 1601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Tower sold for AED 3,000,000 to 4,700,000 in the last 12 months, around AED 2,056 per sqft.

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Mortgage on 1601, Marina Tower

Starts from the last sale price (AED 3.18M, 21 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,180,000
Deposit, UAE resident (20%)
AED 636,000
Deposit, non-resident (40%)
AED 1,272,000
Monthly over 25 years at 3.7%
AED 13,010

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