3-bed · 5,076 sqftMarina Tower, Dubai Marina · 4th floor · completed 2006

406, Marina Tower

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

Unit 406 · DLD and Ejari recordsUpdated 1 October 2018
Last soldAED 3.89M29 August 2013
Current rentAED 228K /yr1 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Marina Tower

What is 406 worth today?

Last sold for AED 3,885,000 in 2013

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1 Oct 2018RentedNew contract
AED 228,000/yr12 months · AED 45 per sqft
21 Dec 2014RentedNew contract
AED 200,000/yr12 months · AED 39 per sqft
29 Aug 2013Sold by developerReady
AED 3,885,000AED 765 per sqft
1 Aug 2013RentedNew contract · flagged as an outlier
AED 84,586/yr6 months · AED 17 per sqft

Source: Dubai Land Department. Updated 1 October 2018.

Key facts

Type
3-bed apartment
Size
5,076 sqft
Floor
4th of 32
Parking
P4-T100
Developer
Select Global Development
Completed
2006
Service charge
AED 85,800 /yr
Last sold
AED 3.89M · August 2013
Building
Marina Tower

About 406, Marina Tower

406 is a three-bedroom apartment of 5,076 sqft on the 4th floor of Marina Tower, a 32-storey tower in Dubai Marina completed in 2006 by Select Global Development. The developer sold it on 29 August 2013 for AED 3,885,000, or AED 765 per sqft, 53% below the AED 1,628 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 October 2018, is AED 228,000 a year: a gross yield of 5.9% on the 2013 price, before the service charge of about AED 85,800 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, August 2013: AED 3,885,000 (AED 765 per sqft)

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

Rents
Unit 406, 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, December 2014: AED 200,000 a yearNew contract, October 2018: AED 228,000 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 406 sits

All 76 3-beds →

406 last sold in August 2013 at AED 765 per sqft, 53% below what three-beds in Marina Tower were fetching at the time (AED 1,628). 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. 406's AED 228,000 is in the upper 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 4th floor

All 197 units in Marina Tower
Value
4013-bedAED 3.5M · Oct 2013
4021-bedAED 1.05M · Nov 2023
4031-bedAED 42K · Jul 2026
4042-bedAED 2.1M · Apr 2014
4052-bedAED 1.58M · Sep 2021
4073-bedAED 4.18M · Apr 2022

406, Marina Tower in numbers

  • Sold once: by Select Global Development on 29 August 2013 for AED 3,885,000, or AED 765 per sqft.
  • Rented since August 2013 on 3 Ejari contracts, from AED 84,586 to AED 228,000 a year.
  • At AED 228,000 a year the gross yield on the 2013 price is 5.9%, before a service charge of about AED 85,800 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 1 October 2018.

Questions about 406, Marina Tower

What did unit 406 last sell for?

AED 3,885,000 on 29 August 2013, sold by the developer: AED 765 per sqft for 5,076 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 228,000 a year on the contract signed on 1 October 2018. The previous contract, from December 2014, was AED 200,000; the unit has been rented since August 2013.

How big is unit 406?

5,076 sqft (471.6 sqm): a three-bedroom apartment on the 4th floor of a 32-storey tower completed in 2006.

What is unit 406 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 406, Marina Tower

Starts from the last sale price (AED 3.89M, 29 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,885,000
Deposit, UAE resident (20%)
AED 777,000
Deposit, non-resident (40%)
AED 1,554,000
Monthly over 25 years at 3.7%
AED 15,895

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