1-bed · 2,238 sqftMarina Tower, Dubai Marina · 3rd floor · completed 2006

304, Marina Tower

Sold prices and rental history: sold once, by the developer in July 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 1.9M25 July 2013
Current rentAED 105K /yr29 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Marina Tower

What is 304 worth today?

Last sold for AED 1,900,000 in 2013

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29 Aug 2024RentedRenewal
AED 104,719/yr12 months · AED 47 per sqft
29 Aug 2024RentedRenewal
AED 104,719/yr12 months · AED 47 per sqft
29 Aug 2023RentedRenewal
AED 105,000/yr12 months · AED 47 per sqft
29 Aug 2023RentedRenewal
AED 105,000/yr12 months · AED 47 per sqft
29 Aug 2022RentedRenewal
AED 87,000/yr12 months · AED 39 per sqft
29 Aug 2021RentedNew contract
AED 87,000/yr12 months · AED 39 per sqft
15 Apr 2021RentedNew contract
AED 80,000/yr12 months · AED 36 per sqft
12 Jun 2016RentedNew contract
AED 125,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
1-bed apartment
Size
2,238 sqft
Floor
3rd of 32
Parking
P1-014
Developer
Select Global Development
Completed
2006
Service charge
AED 37,800 /yr
Last sold
AED 1.9M · July 2013
Building
Marina Tower

About 304, Marina Tower

304 is a one-bedroom apartment of 2,238 sqft on the 3rd 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 1,900,000, or AED 848 per sqft, 44% below the AED 1,503 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 29 August 2024, is AED 104,719 a year: a gross yield of 5.5% on the 2013 price, before the service charge of about AED 37,800 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical one-bed in Marina Tower
1M1.5M2M2013201720212025Typical 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 1,900,000 (AED 848 per sqft)

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

Rents
Unit 304, each contractTypical one-bed in Marina Tower
50K100K2012201620202024Typical 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, June 2015: AED 125,000 a yearNew contract, June 2016: AED 125,000 a yearNew contract, April 2021: AED 80,000 a yearNew contract, August 2021: AED 87,000 a yearRenewal, August 2022: AED 87,000 a yearRenewal, August 2023: AED 105,000 a yearRenewal, August 2023: AED 105,000 a yearRenewal, August 2024: AED 104,719 a yearRenewal, August 2024: AED 104,719 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 304 sits

All 51 1-beds →

304 last sold in July 2013 at AED 848 per sqft, 44% below 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. 304's AED 104,719 is in the upper 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 3rd floor

All 197 units in Marina Tower
Value
3012-bedAED 3.2M · Jan 2014
3022-bedAED 3.1M · May 2023
3032-bedAED 3.18M · Jul 2013
3052-bedAED 2.48M · Aug 2013

304, Marina Tower in numbers

  • Sold once: by Select Global Development on 25 July 2013 for AED 1,900,000, or AED 848 per sqft.
  • Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 125,000 to AED 80,000 in 2021 and recovered to AED 104,719 by August 2024.
  • At AED 104,719 a year the gross yield on the 2013 price is 5.5%, before a service charge of about AED 37,800 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 29 August 2024.

Questions about 304, Marina Tower

What did unit 304 last sell for?

AED 1,900,000 on 25 July 2013, sold by the developer: AED 848 per sqft for 2,238 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 104,719 a year on the contract renewed on 29 August 2024. The previous contract, from August 2024, was AED 104,719; the unit has been rented since June 2015.

How big is unit 304?

2,238 sqft (207.9 sqm): a one-bedroom apartment on the 3rd floor of a 32-storey tower completed in 2006.

What is unit 304 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 304, Marina Tower

Starts from the last sale price (AED 1.9M, 25 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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