2-bed · 964 sqftMarina View Towers A, Dubai Marina · 16th floor · completed 2007

1609, Marina View Towers A

Sold prices and rental history: sold twice, last in October 2018, and rented once, from December 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 15 October 2018
Last soldAED 1M15 October 2018
Current rentAED 100K /yr16 December 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1609, Marina View Towers A

What is 1609 worth today?

Last sold for AED 1,000,000 in 2018

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15 Oct 2018SoldReady
AED 1,000,000AED 1,037 per sqft
2 Feb 2014Sold by developerReady
AED 1,162,420AED 1,206 per sqft
16 Dec 2013RentedNew contract
AED 99,750/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 15 October 2018.

Key facts

Type
2-bed apartment
Size
964 sqft
Floor
16th of 23
Parking
B2 / 28
Developer
New City Developers
Completed
2007
Service charge
AED 16,000 /yr
Last sold
AED 1M · October 2018

About 1609, Marina View Towers A

1609 is a two-bedroom apartment of 964 sqft on the 16th floor of Marina View Towers A, a 23-storey tower in Dubai Marina completed in 2007 by New City Developers. It last sold on 15 October 2018 for AED 1,000,000, or AED 1,037 per sqft, 13% below the AED 1,188 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 December 2013. The current contract, signed on 16 December 2013, is AED 99,750 a year: a gross yield of 10.0% on the 2018 price, before the service charge of about AED 16,000 a year.

Sales and rents for 1609 over time

Sales
Unit 1609, each saleTypical two-bed in Marina View Towers A
1M1.5M2009201420192024Typical sale price by year: 2009 AED 804,930; 2010 AED 814,099; 2011 AED 1,012,205; 2012 AED 939,458; 2013 AED 1,250,000; 2014 AED 1,250,000; 2015 AED 1,250,000; 2016 AED 1,315,000; 2018 AED 1,200,000; 2021 AED 810,000; 2022 AED 1,070,000; 2023 AED 1,250,359; 2024 AED 1,525,000; 2025 AED 1,650,000; 2026 AED 1,500,000Sold by developer, February 2014: AED 1,162,420 (AED 1,206 per sqft)Sold, October 2018: AED 1,000,000 (AED 1,037 per sqft)

1609 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1609, each contractTypical two-bed in Marina View Towers A
50K100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 95,000; 2014 AED 114,500; 2015 AED 117,000; 2016 AED 115,000; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 76,500; 2020 AED 66,000; 2021 AED 60,000; 2022 AED 74,500; 2023 AED 89,000; 2024 AED 104,000; 2025 AED 115,000; 2026 AED 100,000New contract, December 2013: AED 99,750 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 View Towers A, and where 1609 sits

All 76 2-beds →

1609 last sold in October 2018 at AED 1,037 per sqft, 13% below what two-beds in Marina View Towers A were fetching at the time (AED 1,188). Over the last 12 months two-beds sold for AED 1,370,552 to 2,050,000, around AED 1,500 per sqft, and rent for AED 80,000 to 216,667 a year. 1609's AED 99,750 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Oct 20261,650,000
2 Oct 20261,500,000
5 Aug 202629,867
9 Apr 20261,370,552
6 2-bed sales in the last 12 months

Marina View Towers A

Building

256 apartments, studios to 4-bed over 23 floors in Dubai Marina, completed in 2007 by New City Developers. 15 sold in the last 12 months.

Typical price per sqft
AED 1,573 Down 8.7%
Typical sale
AED 1.3M
Typical rent
AED 80K /yr
Typical yield
7.3%
Marina View Towers A, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 256 units in Marina View Towers A
Value
16011-bedAED 930K · Nov 2022
1602StudioAED 805K · Jul 2023
16032-bedAED 914K · Apr 2012
16042-bedAED 1.45M · Oct 2013
1605StudioAED 436K · Aug 2014
16061-bedAED 800K · Mar 2020
16071-bedAED 900K · Sep 2022
1–7 of 11

1609, Marina View Towers A in numbers

  • Sold twice: first on 2 February 2014 for AED 1,162,420, last on 15 October 2018 for AED 1,000,000 (AED 1,037 per sqft).
  • Rented since December 2013 on one Ejari contract, at AED 99,750 a year.
  • At AED 99,750 a year the gross yield on the 2018 price is 10.0%, before a service charge of about AED 16,000 a year (AED 16.65 per sqft).
  • Two-beds in Marina View Towers A sold for AED 1,370,552–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,573 per sqft.

Source: Dubai Land Department. Updated 15 October 2018.

Questions about 1609, Marina View Towers A

What did unit 1609 last sell for?

AED 1,000,000 on 15 October 2018: AED 1,037 per sqft for 964 sqft. The unit has 2 registered sales; the first was AED 1,162,420 in February 2014.

What is the rent for unit 1609?

AED 99,750 a year on the contract signed on 16 December 2013.

How big is unit 1609?

964 sqft (89.6 sqm): a two-bedroom apartment on the 16th floor of a 23-storey tower completed in 2007.

What is unit 1609 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina View Towers A sold for AED 1,370,552 to 2,050,000 in the last 12 months, around AED 1,500 per sqft.

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Mortgage on 1609, Marina View Towers A

Starts from the last sale price (AED 1M, 15 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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