2-bed · 1,417 sqftMarina Wharf Tower 1, Dubai Marina · 13th floor · completed 2010

1302, Marina Wharf Tower 1

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

Unit 1302 · DLD and Ejari recordsUpdated 2 March 2024
Last soldAED 1.7M6 March 2014
Current rentAED 110K /yr2 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1302, Marina Wharf Tower 1

What is 1302 worth today?

Last sold for AED 1,700,000 in 2014

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2 Mar 2024RentedRenewal
AED 110,000/yr13 months · AED 77 per sqft
2 Mar 2024RentedRenewal
AED 110,000/yr13 months · AED 77 per sqft
1 Feb 2023RentedNew contract
AED 110,000/yr13 months · AED 77 per sqft
20 Feb 2021RentedNew contract
AED 67,000/yr12 months · AED 47 per sqft
6 Feb 2020RentedNew contract
AED 75,000/yr12 months · AED 53 per sqft
15 Feb 2018RentedNew contract
AED 115,000/yr12 months · AED 81 per sqft
15 Feb 2016RentedNew contract
AED 114,659/yr12 months · AED 81 per sqft
1 Jun 2014RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 2 March 2024.

Key facts

Type
2-bed apartment
Size
1,417 sqft
Floor
13th of 27
Parking
S-9
Developer
Dheeraj & East Coast
Completed
2010
Service charge
AED 25,200 /yr
Last sold
AED 1.7M · March 2014

About 1302, Marina Wharf Tower 1

1302 is a two-bedroom apartment of 1,417 sqft on the 13th 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 March 2014 for AED 1,700,000, or AED 1,199 per sqft, 14% above the AED 1,053 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 2 March 2024, is AED 110,000 a year: a gross yield of 6.5% on the 2014 price, before the service charge of about AED 25,200 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, 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, October 2011: AED 1,296,300 (AED 914 per sqft)Sold, March 2014: AED 1,700,000 (AED 1,199 per sqft)

1302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1302, 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, June 2014: AED 120,000 a yearNew contract, February 2016: AED 114,659 a yearNew contract, February 2018: AED 115,000 a yearNew contract, February 2020: AED 75,000 a yearNew contract, February 2021: AED 67,000 a yearNew contract, February 2023: AED 110,000 a yearRenewal, March 2024: AED 110,000 a yearRenewal, March 2024: AED 110,000 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 1302 sits

All 72 2-beds →

1302 last sold in March 2014 at AED 1,199 per sqft, 14% above what two-beds in Marina Wharf Tower 1 were fetching at the time (AED 1,053). 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. 1302's AED 110,000 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 13th floor

All 135 units in Marina Wharf Tower 1
Value
13012-bedAED 1.23M · Aug 2014
13031-bedAED 550K · Jan 2016
13041-bedAED 1.25M · Mar 2017
13052-bedAED 1.47M · Jan 2013
13062-bedAED 1.65M · Feb 2015

1302, Marina Wharf Tower 1 in numbers

  • Sold twice: first on 9 October 2011 for AED 1,296,300, last on 6 March 2014 for AED 1,700,000 (AED 1,199 per sqft).
  • Rented since June 2014 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 67,000 in 2021 and recovered to AED 110,000 by March 2024.
  • At AED 110,000 a year the gross yield on the 2014 price is 6.5%, 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 2 March 2024.

Questions about 1302, Marina Wharf Tower 1

What did unit 1302 last sell for?

AED 1,700,000 on 6 March 2014: AED 1,199 per sqft for 1,417 sqft. The unit has 2 registered sales; the first was AED 1,296,300 in October 2011.

What is the rent for unit 1302?

AED 110,000 a year on the contract renewed on 2 March 2024. The previous contract, from March 2024, was AED 110,000; the unit has been rented since June 2014.

How big is unit 1302?

1,417 sqft (131.6 sqm): a two-bedroom apartment on the 13th floor of a 27-storey tower completed in 2010.

What is unit 1302 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 1302, Marina Wharf Tower 1

Starts from the last sale price (AED 1.7M, 6 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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