2-bed · 1,417 sqftMarina Wharf Tower 1, Dubai Marina · 12th floor · completed 2010

1202, Marina Wharf Tower 1

Sold prices and rental history: sold twice, last in April 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 1.75M6 April 2014
Current rentAED 65K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1202, Marina Wharf Tower 1

What is 1202 worth today?

Last sold for AED 1,750,000 in 2014

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1 Sep 2024RentedNew contract
AED 65,000/yr12 months · AED 46 per sqft
1 Sep 2024RentedNew contract
AED 65,000/yr12 months · AED 46 per sqft
1 Jan 2022RentedNew contract
AED 90,000/yr12 months · AED 63 per sqft
15 Feb 2021RentedRenewal
AED 70,000/yr12 months · AED 50 per sqft
15 Feb 2020RentedRenewal
AED 70,000/yr12 months · AED 50 per sqft
15 Feb 2019RentedNew contract
AED 95,000/yr12 months · AED 67 per sqft
7 Jun 2018RentedRenewal
AED 105,000/yr12 months · AED 74 per sqft
7 Jun 2017RentedRenewal
AED 115,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
1,417 sqft
Floor
12th of 27
Parking
B-38
Developer
Dheeraj & East Coast
Completed
2010
Service charge
AED 25,200 /yr
Last sold
AED 1.75M · April 2014

About 1202, Marina Wharf Tower 1

1202 is a two-bedroom apartment of 1,417 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 6 April 2014 for AED 1,750,000, or AED 1,235 per sqft, 5% above the AED 1,176 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 1 September 2024, is AED 65,000 a year: a gross yield of 3.7% on the 2014 price, before the service charge of about AED 25,200 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, 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)Sold, April 2014: AED 1,750,000 (AED 1,235 per sqft)

1202 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1202, 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, March 2012: AED 75,000 a yearNew contract, March 2013: AED 77,500 a yearNew contract, June 2015: AED 120,000 a yearRenewal, June 2016: AED 120,000 a yearRenewal, June 2017: AED 115,000 a yearRenewal, June 2018: AED 105,000 a yearNew contract, February 2019: AED 95,000 a yearRenewal, February 2020: AED 70,000 a yearRenewal, February 2021: AED 70,000 a yearNew contract, January 2022: AED 90,000 a yearNew contract, September 2024: AED 65,000 a yearNew contract, September 2024: AED 65,000 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 1202 sits

All 72 2-beds →

1202 last sold in April 2014 at AED 1,235 per sqft, 5% above what two-beds in Marina Wharf Tower 1 were fetching at the time (AED 1,176). 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. 1202's AED 65,000 is at the bottom 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
12012-bedAED 875K · Dec 2020
12031-bedAED 600K · Oct 2012
12041-bedAED 1.35M · Nov 2024
12052-bedAED 1.23M · Oct 2012
12062-bedAED 1.22M · Sep 2012

1202, Marina Wharf Tower 1 in numbers

  • Sold twice: first on 23 February 2012 for AED 1,244,150, last on 6 April 2014 for AED 1,750,000 (AED 1,235 per sqft).
  • Rented since March 2012 on 12 Ejari contracts, from AED 75,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2014 price is 3.7%, 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 1 September 2024.

Questions about 1202, Marina Wharf Tower 1

What did unit 1202 last sell for?

AED 1,750,000 on 6 April 2014: AED 1,235 per sqft for 1,417 sqft. The unit has 2 registered sales; the first was AED 1,244,150 in February 2012.

What is the rent for unit 1202?

AED 65,000 a year on the contract signed on 1 September 2024. The previous contract, from September 2024, was AED 65,000; the unit has been rented since March 2012.

How big is unit 1202?

1,417 sqft (131.6 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2010.

What is unit 1202 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 1202, Marina Wharf Tower 1

Starts from the last sale price (AED 1.75M, 6 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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