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3-bed · 1,586 sqftMarina Tower, Dubai Marina · 17th floor · completed 2006

1701, Marina Tower

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

Unit 1701 · DLD and Ejari recordsUpdated 12 June 2014
Last soldAED 3.2M12 June 2014
Current rentAED 130K /yr17 September 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1701, Marina Tower

What is 1701 worth today?

Last sold for AED 3,200,000 in 2014

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12 Jun 2014SoldReady
AED 3,200,000AED 2,017 per sqft
16 Sep 2013Sold by developerReady
AED 2,566,000AED 1,617 per sqft
17 Sep 2012RentedNew contract
AED 130,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 12 June 2014.

Key facts

Type
3-bed apartment
Size
1,586 sqft
Floor
17th of 32
Parking
P5-126
Developer
Select Global Development
Completed
2006
Service charge
AED 26,800 /yr
Last sold
AED 3.2M · June 2014
Building
Marina Tower

About 1701, Marina Tower

1701 is a three-bedroom apartment of 1,586 sqft on the 17th floor of Marina Tower, a 32-storey tower in Dubai Marina completed in 2006 by Select Global Development. It last sold on 12 June 2014 for AED 3,200,000, or AED 2,017 per sqft, 22% above the AED 1,655 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 September 2012. The current contract, signed on 17 September 2012, is AED 130,000 a year: a gross yield of 4.1% on the 2014 price, before the service charge of about AED 26,800 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, 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, September 2013: AED 2,566,000 (AED 1,617 per sqft)Sold, June 2014: AED 3,200,000 (AED 2,017 per sqft)

1701 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1701, each contractTypical three-bed in Marina Tower
150K200K2012201620202024Typical 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 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 1701 sits

All 76 3-beds →

1701 last sold in June 2014 at AED 2,017 per sqft, 22% above what three-beds in Marina Tower were fetching at the time (AED 1,655). 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. 1701's AED 130,000 is in the lower half 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 17th floor

All 197 units in Marina Tower
Value
17021-bedAED 1.34M · Oct 2013
17031-bedAED 1.43M · Jul 2013
17042-bedAED 1.69M · Sep 2022
17052-bedAED 1.2M · Sep 2019
17063-bedAED 3.18M · Oct 2013
17073-bedAED 3.3M · Oct 2013

1701, Marina Tower in numbers

  • Sold twice: first on 16 September 2013 for AED 2,566,000, last on 12 June 2014 for AED 3,200,000 (AED 2,017 per sqft).
  • Rented since September 2012 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2014 price is 4.1%, 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 12 June 2014.

Questions about 1701, Marina Tower

What did unit 1701 last sell for?

AED 3,200,000 on 12 June 2014: AED 2,017 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 2,566,000 in September 2013.

What is the rent for unit 1701?

AED 130,000 a year on the contract signed on 17 September 2012.

How big is unit 1701?

1,586 sqft (147.3 sqm): a three-bedroom apartment on the 17th floor of a 32-storey tower completed in 2006.

What is unit 1701 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 1701, Marina Tower

Starts from the last sale price (AED 3.2M, 12 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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