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3-bed · 4,024 sqftMarina Wharf Tower 1, Dubai Marina · 1st floor · completed 2010

V1, Marina Wharf Tower 1

Sold prices and rental history: sold 3 times, last in May 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit V1 · DLD and Ejari recordsUpdated 17 May 2020
Last soldAED 2.6M17 May 2020
Current rentAED 189K /yr6 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V1, Marina Wharf Tower 1

What is V1 worth today?

Last sold for AED 2,600,000 in 2020

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17 May 2020SoldReady
AED 2,600,000AED 646 per sqft
6 Aug 2017RentedNew contract
AED 189,000/yr12 months · AED 47 per sqft
6 Aug 2016RentedNew contract
AED 180,000/yr12 months · AED 45 per sqft
1 Jun 2015RentedNew contract
AED 225,000/yr12 months · AED 56 per sqft
1 Jun 2014RentedNew contract
AED 225,000/yr12 months · AED 56 per sqft
20 Mar 2014SoldReady
AED 3,500,000AED 869 per sqft
25 Mar 2013Sold by developerReady
AED 3,850,000AED 956 per sqft

Source: Dubai Land Department. Updated 17 May 2020.

Key facts

Type
3-bed apartment
Size
4,024 sqft
Floor
1st of 27
Parking
F-2/F-3
Developer
Dheeraj & East Coast
Completed
2010
Service charge
AED 71,600 /yr
Last sold
AED 2.6M · May 2020
Building
Marina Wharf Tower 1

About V1, Marina Wharf Tower 1

V1 is a three-bedroom apartment of 4,024 sqft on the 1st floor of Marina Wharf Tower 1, a 27-storey tower in Dubai Marina completed in 2010 by Dheeraj & East Coast. It last sold on 17 May 2020 for AED 2,600,000, or AED 646 per sqft.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 6 August 2017, is AED 189,000 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 71,600 a year.

Sales and rents for V1 over time

Sales
Unit V1, each saleTypical three-bed in Marina Wharf Tower 1
2M4M2011201520192023Typical sale price by year: 2011 AED 1,620,000; 2012 AED 1,599,600; 2013 AED 2,063,000; 2014 AED 2,475,000; 2015 AED 2,250,000; 2018 AED 2,850,000; 2022 AED 1,865,000; 2023 AED 1,925,000; 2025 AED 2,762,500Sold by developer, March 2013: AED 3,850,000 (AED 956 per sqft)Sold, March 2014: AED 3,500,000 (AED 869 per sqft)Sold, May 2020: AED 2,600,000 (AED 646 per sqft)

V1 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit V1, each contractTypical three-bed in Marina Wharf Tower 1
100K200K2013201720212025Typical rent by year: 2013 AED 132,500; 2014 AED 150,000; 2015 AED 165,000; 2016 AED 170,000; 2017 AED 165,000; 2018 AED 142,292; 2019 AED 122,500; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 121,000; 2023 AED 144,000; 2024 AED 166,701; 2025 AED 182,500; 2026 AED 177,500New contract, June 2014: AED 225,000 a yearNew contract, June 2015: AED 225,000 a yearNew contract, August 2016: AED 180,000 a yearNew contract, August 2017: AED 189,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Marina Wharf Tower 1, and where V1 sits

All 28 3-beds →

Over the last 12 months three-beds sold for AED 2,600,000 to 2,900,000, around AED 1,589 per sqft, and rent for AED 120,000 to 350,000 a year. V1's AED 189,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
18 Mar 20262,900,000
17 Feb 20262,600,000
10 Dec 20252,639,690
28 Nov 20252,660,000
4 3-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 1st floor

All 135 units in Marina Wharf Tower 1
Value
V23-bedAED 2.65M · Aug 2014
V33-bedAED 3.53M · May 2022
V42-bedAED 2.4M · May 2022

V1, Marina Wharf Tower 1 in numbers

  • Sold 3 times: first on 25 March 2013 for AED 3,850,000, last on 17 May 2020 for AED 2,600,000 (AED 646 per sqft).
  • Rented since June 2014 on 4 Ejari contracts, from AED 225,000 to AED 189,000 a year.
  • At AED 189,000 a year the gross yield on the 2020 price is 7.3%, before a service charge of about AED 71,600 a year (AED 17.79 per sqft).
  • Three-beds in Marina Wharf Tower 1 sold for AED 2,600,000–2,900,000 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 17 May 2020.

Questions about V1, Marina Wharf Tower 1

What did unit V1 last sell for?

AED 2,600,000 on 17 May 2020: AED 646 per sqft for 4,024 sqft. The unit has 3 registered sales; the first was AED 3,850,000 in March 2013.

What is the rent for unit V1?

AED 189,000 a year on the contract signed on 6 August 2017. The previous contract, from August 2016, was AED 180,000; the unit has been rented since June 2014.

How big is unit V1?

4,024 sqft (373.8 sqm): a three-bedroom apartment on the 1st floor of a 27-storey tower completed in 2010.

What is unit V1 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Wharf Tower 1 sold for AED 2,600,000 to 2,900,000 in the last 12 months, around AED 1,589 per sqft.

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Mortgage on V1, Marina Wharf Tower 1

Starts from the last sale price (AED 2.6M, 17 May 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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