506, Marina Wharf Tower 1
Sold prices and rental history: sold 3 times, last in April 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Marina Wharf Tower 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 5 June 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,181 sqft
- Floor
- 5th of 27
- Parking
- S-12
- Developer
- Dheeraj & East Coast
- Completed
- 2010
- Service charge
- AED 21,000 /yr
- Last sold
- AED 1.92M · April 2014
- Building
- Marina Wharf Tower 1
About 506, Marina Wharf Tower 1
506 is a two-bedroom apartment of 1,181 sqft on the 5th 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 1,915,000, or AED 1,622 per sqft, 38% above the AED 1,176 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 5 June 2021, is AED 66,814 a year: a gross yield of 3.5% on the 2014 price, before the service charge of about AED 21,000 a year.
Sales and rents for 506 over time
506 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 506 sits
All 72 2-beds →506 last sold in April 2014 at AED 1,622 per sqft, 38% 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. 506's AED 66,814 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,181 sqft | 1,473,807 | 1,248 | ||
| 15 Jul 202615 July 2026 | 1,189 sqft | 1,800,000 | 1,514 | ||
| 30 Apr 202630 April 2026 | 1,520 sqft | 2,700,000 | 1,775 | ||
| 25 Mar 202625 March 2026 | 1,417 sqft | 2,100,000 | 1,482 |
Marina Wharf Tower 1
Building135 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%
Other units on the 5th floor
All 135 units in Marina Wharf Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,181 sqft | AED 1.6MAED 1,600,000 · Apr 2013April 2013 | 110,000 /yr | |
| 502 | 2-bed | 1,417 sqft | AED 1.65MAED 1,645,600 · Sep 2012September 2012 | 100,000 /yr | |
| 503 | 1-bed | 823 sqft | AED 1.2MAED 1,200,000 · Sep 2014September 2014 | 85,000 /yr | |
| 504 | 1-bed | 824 sqft | AED 966KAED 965,950 · Jul 2014July 2014 | 66,000 /yr | |
| 505 | 2-bed | 1,439 sqft | AED 2.03MAED 2,026,750 · Jan 2015January 2015 | 140,000 /yr |
506, Marina Wharf Tower 1 in numbers
- Sold 3 times: first on 14 January 2013 for AED 1,414,000, last on 6 April 2014 for AED 1,915,000 (AED 1,622 per sqft).
- Rented since September 2013 on 7 Ejari contracts, from AED 77,175 to AED 66,814 a year.
- At AED 66,814 a year the gross yield on the 2014 price is 3.5%, 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 5 June 2021.
Questions about 506, Marina Wharf Tower 1
What did unit 506 last sell for?
AED 1,915,000 on 6 April 2014: AED 1,622 per sqft for 1,181 sqft. The unit has 3 registered sales; the first was AED 1,414,000 in January 2013.
What is the rent for unit 506?
AED 66,814 a year on the contract signed on 5 June 2021. The previous contract, from January 2020, was AED 85,000; the unit has been rented since September 2013.
How big is unit 506?
1,181 sqft (109.7 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2010.
What is unit 506 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 506, Marina Wharf Tower 1
Starts from the last sale price (AED 1.92M, 6 April 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,915,000
- Deposit, UAE resident (20%)
- AED 383,000
- Deposit, non-resident (40%)
- AED 766,000
- Monthly over 25 years at 3.7%
- AED 7,835
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →