2-bed · 1,181 sqftMarina Wharf Tower 1, Dubai Marina · 12th floor · completed 2010

1201, Marina Wharf Tower 1

Sold prices and rental history: sold 3 times, last in December 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 10 December 2020
Last soldAED 875K10 December 2020
Current rentAED 105K /yr2 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Marina Wharf Tower 1

What is 1201 worth today?

Last sold for AED 875,000 in 2020

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10 Dec 2020SoldReady
AED 875,000AED 741 per sqft
2 Nov 2018RentedRenewal
AED 105,000/yr12 months · AED 89 per sqft
2 Nov 2017RentedNew contract
AED 100,000/yr12 months · AED 85 per sqft
25 Sep 2016RentedNew contract
AED 110,000/yr12 months · AED 93 per sqft
1 Sep 2016RentedNew contract
AED 110,000/yr12 months · AED 93 per sqft
11 Feb 2015RentedNew contract
AED 130,000/yr12 months · AED 110 per sqft
13 Oct 2013RentedNew contract
AED 130,000/yr12 months · AED 110 per sqft
27 Jul 2011SoldReady
AED 1,369,368AED 1,159 per sqft

Source: Dubai Land Department. Updated 10 December 2020.

Key facts

Type
2-bed apartment
Size
1,181 sqft
Floor
12th of 27
Parking
S-31
Developer
Dheeraj & East Coast
Completed
2010
Service charge
AED 21,000 /yr
Last sold
AED 875K · December 2020

About 1201, Marina Wharf Tower 1

1201 is a two-bedroom apartment of 1,181 sqft on the 12th floor of Marina Wharf Tower 1, a 27-storey tower in Dubai Marina completed in 2010 by Dheeraj & East Coast. It last sold on 10 December 2020 for AED 875,000, or AED 741 per sqft, in line with the AED 750 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 2 November 2018, is AED 105,000 a year: a gross yield of 12.0% on the 2020 price, before the service charge of about AED 21,000 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, 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, May 2009: AED 1,357,954 (AED 1,150 per sqft)Sold, July 2011: AED 1,369,368 (AED 1,159 per sqft)Sold, December 2020: AED 875,000 (AED 741 per sqft)

1201 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, each contractTypical two-bed in Marina Wharf Tower 1
100K2012201620202024Typical 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, October 2013: AED 130,000 a yearNew contract, February 2015: AED 130,000 a yearNew contract, September 2016: AED 110,000 a yearNew contract, September 2016: AED 110,000 a yearNew contract, November 2017: AED 100,000 a yearRenewal, November 2018: AED 105,000 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 1201 sits

All 72 2-beds →

1201 last sold in December 2020 at AED 741 per sqft, in line with what two-beds in Marina Wharf Tower 1 were fetching at the time (AED 750). 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. 1201's AED 105,000 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 12th floor

All 135 units in Marina Wharf Tower 1
Value
12022-bedAED 1.75M · Apr 2014
12031-bedAED 600K · Oct 2012
12041-bedAED 1.35M · Nov 2024
12052-bedAED 1.23M · Oct 2012
12062-bedAED 1.22M · Sep 2012

1201, Marina Wharf Tower 1 in numbers

  • Sold 3 times: first on 23 May 2009 for AED 1,357,954, last on 10 December 2020 for AED 875,000 (AED 741 per sqft).
  • Rented since October 2013 on 6 Ejari contracts, from AED 130,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2020 price is 12.0%, before a service charge of about AED 21,000 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 10 December 2020.

Questions about 1201, Marina Wharf Tower 1

What did unit 1201 last sell for?

AED 875,000 on 10 December 2020: AED 741 per sqft for 1,181 sqft. The unit has 3 registered sales; the first was AED 1,357,954 in May 2009.

What is the rent for unit 1201?

AED 105,000 a year on the contract renewed on 2 November 2018. The previous contract, from November 2017, was AED 100,000; the unit has been rented since October 2013.

How big is unit 1201?

1,181 sqft (109.7 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2010.

What is unit 1201 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 1201, Marina Wharf Tower 1

Starts from the last sale price (AED 875K, 10 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 875,000
Deposit, UAE resident (20%)
AED 175,000
Deposit, non-resident (40%)
AED 350,000
Monthly over 25 years at 3.7%
AED 3,580

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