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2-bed · 1,417 sqftMarina Wharf Tower 1, Dubai Marina · 10th floor · completed 2010

1002, Marina Wharf Tower 1

Sold prices and rental history: sold once, by the developer in February 2012, and rented once, from September 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 25 September 2018
Last soldAED 1.24M9 February 2012
Current rentAED 90K /yr25 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Marina Wharf Tower 1

What is 1002 worth today?

Last sold for AED 1,244,150 in 2012

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25 Sep 2018RentedNew contract
AED 90,000/yr12 months · AED 63 per sqft
9 Feb 2012Sold by developerReady
AED 1,244,150AED 878 per sqft

Source: Dubai Land Department. Updated 25 September 2018.

Key facts

Type
2-bed apartment
Size
1,417 sqft
Floor
10th of 27
Parking
S-38
Developer
Dheeraj & East Coast
Completed
2010
Service charge
AED 25,200 /yr
Last sold
AED 1.24M · February 2012
Building
Marina Wharf Tower 1

About 1002, Marina Wharf Tower 1

1002 is a two-bedroom apartment of 1,417 sqft on the 10th floor of Marina Wharf Tower 1, a 27-storey tower in Dubai Marina completed in 2010 by Dheeraj & East Coast. The developer sold it on 9 February 2012 for AED 1,244,150, or AED 878 per sqft, 6% below the AED 938 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 September 2018. The current contract, signed on 25 September 2018, is AED 90,000 a year: a gross yield of 7.2% on the 2012 price, before the service charge of about AED 25,200 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical two-bed in Marina Wharf Tower 1
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,206,900; 2011 AED 1,240,000; 2012 AED 1,244,150; 2013 AED 1,266,175; 2014 AED 1,700,000; 2015 AED 1,246,000; 2016 AED 1,325,000; 2017 AED 1,440,000; 2018 AED 1,092,000; 2019 AED 1,172,025; 2020 AED 1,000,000; 2021 AED 1,125,000; 2022 AED 1,300,000; 2023 AED 1,460,000; 2024 AED 1,975,000; 2025 AED 1,759,867; 2026 AED 1,950,000Sold by developer, February 2012: AED 1,244,150 (AED 878 per sqft)

1002 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1002, each contractTypical two-bed in Marina Wharf Tower 1
75K100K125K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 90,000; 2014 AED 100,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 85,000; 2020 AED 70,000; 2021 AED 70,000; 2022 AED 79,900; 2023 AED 98,668; 2024 AED 106,263; 2025 AED 116,500; 2026 AED 112,015New contract, September 2018: AED 90,000 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 Wharf Tower 1, and where 1002 sits

All 72 2-beds →

1002 last sold in February 2012 at AED 878 per sqft, 6% below what two-beds in Marina Wharf Tower 1 were fetching at the time (AED 938). Over the last 12 months two-beds sold for AED 1,473,807 to 2,700,000, around AED 1,498 per sqft, and rent for AED 75,166 to 350,000 a year. 1002's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20261,473,807
15 Jul 20261,800,000
30 Apr 20262,700,000
25 Mar 20262,100,000
4 2-bed sales in the last 12 months

Marina Wharf Tower 1

Building

135 apartments, 1-bed to 4-bed over 27 floors in Dubai Marina, completed in 2010 by Dheeraj & East Coast. 10 sold in the last 12 months.

Typical price per sqft
AED 1,503 Down 8.1%
Typical sale
AED 2.35M
Typical rent
AED 110K /yr
Typical yield
6.1%
Marina Wharf Tower 1, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 135 units in Marina Wharf Tower 1
Value
10012-bedAED 1.46M · May 2023
10031-bedAED 1.3M · Jun 2023
10041-bedAED 700K · Sep 2011
10052-bedAED 1.21M · Jan 2013
10062-bedAED 1.22M · Oct 2012

1002, Marina Wharf Tower 1 in numbers

  • Sold once: by Dheeraj & East Coast on 9 February 2012 for AED 1,244,150, or AED 878 per sqft.
  • Rented since September 2018 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2012 price is 7.2%, before a service charge of about AED 25,200 a year (AED 17.79 per sqft).
  • Two-beds in Marina Wharf Tower 1 sold for AED 1,473,807–2,700,000 in the 12 months to November 2026; the building's median across all types is AED 1,503 per sqft.

Source: Dubai Land Department. Updated 25 September 2018.

Questions about 1002, Marina Wharf Tower 1

What did unit 1002 last sell for?

AED 1,244,150 on 9 February 2012, sold by the developer: AED 878 per sqft for 1,417 sqft. It is the only registered sale of the unit.

What is the rent for unit 1002?

AED 90,000 a year on the contract signed on 25 September 2018.

How big is unit 1002?

1,417 sqft (131.6 sqm): a two-bedroom apartment on the 10th floor of a 27-storey tower completed in 2010.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Wharf Tower 1 sold for AED 1,473,807 to 2,700,000 in the last 12 months, around AED 1,498 per sqft.

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Mortgage on 1002, Marina Wharf Tower 1

Starts from the last sale price (AED 1.24M, 9 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,244,150
Deposit, UAE resident (20%)
AED 248,830
Deposit, non-resident (40%)
AED 497,660
Monthly over 25 years at 3.7%
AED 5,090

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