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1-bed · 959 sqftMarina Tower, Dubai Marina · 17th floor · completed 2006

1703, Marina Tower

Sold prices and rental history: sold once, by the developer in July 2013, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 14 November 2021
Last soldAED 1.43M25 July 2013
Current rentAED 70K /yr14 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1703, Marina Tower

What is 1703 worth today?

Last sold for AED 1,425,000 in 2013

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14 Nov 2021RentedNew contract
AED 70,000/yr12 months · AED 73 per sqft
20 Jul 2018RentedNew contract
AED 76,000/yr12 months · AED 79 per sqft
25 Jul 2013Sold by developerReady
AED 1,425,000AED 1,485 per sqft
1 Jul 2013RentedNew contract
AED 75,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 14 November 2021.

Key facts

Type
1-bed apartment
Size
959 sqft
Floor
17th of 32
Parking
P5-125
Developer
Select Global Development
Completed
2006
Service charge
AED 16,200 /yr
Last sold
AED 1.43M · July 2013
Building
Marina Tower

About 1703, Marina Tower

1703 is a one-bedroom apartment of 959 sqft on the 17th floor of Marina Tower, a 32-storey tower in Dubai Marina completed in 2006 by Select Global Development. The developer sold it on 25 July 2013 for AED 1,425,000, or AED 1,485 per sqft, in line with the AED 1,503 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 14 November 2021, is AED 70,000 a year: a gross yield of 4.9% on the 2013 price, before the service charge of about AED 16,200 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, each saleTypical one-bed in Marina Tower
1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,380,000; 2014 AED 1,500,000; 2017 AED 1,380,000; 2018 AED 1,200,000; 2021 AED 950,000; 2022 AED 1,170,000; 2023 AED 1,290,000; 2024 AED 1,537,000; 2025 AED 1,570,000; 2026 AED 1,800,000Sold by developer, July 2013: AED 1,425,000 (AED 1,485 per sqft)

1703 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1703, each contractTypical one-bed in Marina Tower
75K100K2012201620202024Typical rent by year: 2012 AED 68,000; 2013 AED 70,000; 2014 AED 100,000; 2015 AED 100,000; 2016 AED 99,205; 2017 AED 95,000; 2018 AED 83,250; 2019 AED 76,000; 2020 AED 63,000; 2021 AED 60,000; 2022 AED 75,500; 2023 AED 90,000; 2024 AED 100,000; 2025 AED 105,000; 2026 AED 99,613New contract, July 2013: AED 75,000 a yearNew contract, July 2018: AED 76,000 a yearNew contract, November 2021: AED 70,000 a year

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

1-beds in Marina Tower, and where 1703 sits

All 51 1-beds →

1703 last sold in July 2013 at AED 1,485 per sqft, in line with what one-beds in Marina Tower were fetching at the time (AED 1,503). Over the last 12 months one-beds sold for AED 150,857 to 1,807,735, around AED 1,884 per sqft, and rent for AED 67,000 to 125,000 a year. 1703's AED 70,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Aug 20269,519
29 Jul 202641,824
14 Jul 20261,800,000
30 Apr 20261,807,735
5 1-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
17013-bedAED 3.2M · Jun 2014
17021-bedAED 1.34M · Oct 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

1703, Marina Tower in numbers

  • Sold once: by Select Global Development on 25 July 2013 for AED 1,425,000, or AED 1,485 per sqft.
  • Rented since July 2013 on 3 Ejari contracts, from AED 75,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2013 price is 4.9%, before a service charge of about AED 16,200 a year (AED 16.91 per sqft).
  • One-beds in Marina Tower sold for AED 150,857–1,807,735 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 14 November 2021.

Questions about 1703, Marina Tower

What did unit 1703 last sell for?

AED 1,425,000 on 25 July 2013, sold by the developer: AED 1,485 per sqft for 959 sqft. It is the only registered sale of the unit.

What is the rent for unit 1703?

AED 70,000 a year on the contract signed on 14 November 2021. The previous contract, from July 2018, was AED 76,000; the unit has been rented since July 2013.

How big is unit 1703?

959 sqft (89.1 sqm): a one-bedroom apartment on the 17th floor of a 32-storey tower completed in 2006.

What is unit 1703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Tower sold for AED 150,857 to 1,807,735 in the last 12 months, around AED 1,884 per sqft.

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Mortgage on 1703, Marina Tower

Starts from the last sale price (AED 1.43M, 25 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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