2-bed · 2,708 sqftMarina Tower, Dubai Marina · 3rd floor · completed 2006

302, Marina Tower

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 25 May 2023
Last soldAED 3.1M25 May 2023
Current rentAED 150K /yr26 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Marina Tower

What is 302 worth today?

Last sold for AED 3,100,000 in 2023

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25 May 2023SoldReady
AED 3,100,000AED 1,144 per sqft
26 Dec 2021RentedRenewal
AED 150,000/yr12 months · AED 55 per sqft
26 Dec 2020RentedNew contract
AED 162,500/yr12 months · AED 60 per sqft
20 Dec 2019RentedNew contract
AED 170,000/yr12 months · AED 63 per sqft
2 Jul 2018RentedRenewal
AED 180,000/yr12 months · AED 66 per sqft
2 Jul 2017RentedRenewal
AED 190,000/yr12 months · AED 70 per sqft
2 Jul 2016RentedNew contract
AED 210,000/yr12 months · AED 77 per sqft
1 Jul 2015RentedNew contract
AED 215,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 25 May 2023.

Key facts

Type
2-bed apartment
Size
2,708 sqft
Floor
3rd of 32
Parking
P3-T056
Developer
Select Global Development
Completed
2006
Service charge
AED 45,800 /yr
Last sold
AED 3.1M · May 2023
Building
Marina Tower

About 302, Marina Tower

302 is a two-bedroom apartment of 2,708 sqft on the 3rd floor of Marina Tower, a 32-storey tower in Dubai Marina completed in 2006 by Select Global Development. It last sold on 25 May 2023 for AED 3,100,000, or AED 1,144 per sqft, 7% below the AED 1,228 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 26 December 2021, is AED 150,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 45,800 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, January 2014: AED 3,265,000 (AED 1,205 per sqft)Sold, May 2023: AED 3,100,000 (AED 1,144 per sqft)

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

Rents
Unit 302, 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, December 2013: AED 129,515 a yearNew contract, July 2014: AED 215,000 a yearNew contract, July 2015: AED 215,000 a yearNew contract, July 2016: AED 210,000 a yearRenewal, July 2017: AED 190,000 a yearRenewal, July 2018: AED 180,000 a yearNew contract, December 2019: AED 170,000 a yearNew contract, December 2020: AED 162,500 a yearRenewal, December 2021: AED 150,000 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 302 sits

All 70 2-beds →

302 last sold in May 2023 at AED 1,144 per sqft, 7% below what two-beds in Marina Tower were fetching at the time (AED 1,228). 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. 302's AED 150,000 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 3rd floor

All 197 units in Marina Tower
Value
3012-bedAED 3.2M · Jan 2014
3032-bedAED 3.18M · Jul 2013
3041-bedAED 1.9M · Jul 2013
3052-bedAED 2.48M · Aug 2013

302, Marina Tower in numbers

  • Sold twice: first on 14 January 2014 for AED 3,265,000, last on 25 May 2023 for AED 3,100,000 (AED 1,144 per sqft).
  • Rented since December 2013 on 9 Ejari contracts, from AED 129,515 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 45,800 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 25 May 2023.

Questions about 302, Marina Tower

What did unit 302 last sell for?

AED 3,100,000 on 25 May 2023: AED 1,144 per sqft for 2,708 sqft. The unit has 2 registered sales; the first was AED 3,265,000 in January 2014.

What is the rent for unit 302?

AED 150,000 a year on the contract renewed on 26 December 2021. The previous contract, from December 2020, was AED 162,500; the unit has been rented since December 2013.

How big is unit 302?

2,708 sqft (251.6 sqm): a two-bedroom apartment on the 3rd floor of a 32-storey tower completed in 2006.

What is unit 302 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 302, Marina Tower

Starts from the last sale price (AED 3.1M, 25 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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