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2-bed · 2,230 sqftMarina Wharf Tower 1, Dubai Marina · 2nd floor · completed 2010

V5, Marina Wharf Tower 1

Sold prices and rental history: sold twice, last in April 2017, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit V5 · DLD and Ejari recordsUpdated 19 April 2017
Last soldAED 2.2M19 April 2017
Current rentAED 155K /yr19 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V5, Marina Wharf Tower 1

What is V5 worth today?

Last sold for AED 2,200,000 in 2017

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19 Apr 2017SoldReady
AED 2,200,000AED 986 per sqft
19 Feb 2016RentedRenewal
AED 155,000/yr12 months · AED 70 per sqft
19 Feb 2015RentedNew contract
AED 155,000/yr12 months · AED 70 per sqft
9 Dec 2012RentedNew contract
AED 110,000/yr12 months · AED 49 per sqft
14 Oct 2012Sold by developerReady
AED 2,247,413AED 1,007 per sqft

Source: Dubai Land Department. Updated 19 April 2017.

Key facts

Type
2-bed apartment
Size
2,230 sqft
Floor
2nd of 27
Parking
B-6/F-19
Developer
Dheeraj & East Coast
Completed
2010
Service charge
AED 39,700 /yr
Last sold
AED 2.2M · April 2017
Building
Marina Wharf Tower 1

About V5, Marina Wharf Tower 1

V5 is a two-bedroom apartment of 2,230 sqft on the 2nd floor of Marina Wharf Tower 1, a 27-storey tower in Dubai Marina completed in 2010 by Dheeraj & East Coast. It last sold on 19 April 2017 for AED 2,200,000, or AED 986 per sqft, 4% below the AED 1,030 two-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 19 February 2016, is AED 155,000 a year: a gross yield of 7.0% on the 2017 price, before the service charge of about AED 39,700 a year.

Sales and rents for V5 over time

Sales
Unit V5, each saleTypical two-bed in Marina Wharf Tower 1
1M2M2009201420192024Typical 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 2012: AED 2,247,413 (AED 1,007 per sqft)Sold, April 2017: AED 2,200,000 (AED 986 per sqft)

V5 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit V5, each contractTypical two-bed in Marina Wharf Tower 1
100K150K2012201620202024Typical 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, December 2012: AED 110,000 a yearNew contract, February 2015: AED 155,000 a yearRenewal, February 2016: AED 155,000 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 V5 sits

All 72 2-beds →

V5 last sold in April 2017 at AED 986 per sqft, 4% below what two-beds in Marina Wharf Tower 1 were fetching at the time (AED 1,030). 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. V5's AED 155,000 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 2nd floor

All 135 units in Marina Wharf Tower 1
Value
V63-bedAED 3.6M · May 2017
V73-bedAED 3.7M · Jan 2013
V83-bedAED 2.85M · Dec 2018

V5, Marina Wharf Tower 1 in numbers

  • Sold twice: first on 14 October 2012 for AED 2,247,413, last on 19 April 2017 for AED 2,200,000 (AED 986 per sqft).
  • Rented since December 2012 on 3 Ejari contracts, from AED 110,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2017 price is 7.0%, before a service charge of about AED 39,700 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 19 April 2017.

Questions about V5, Marina Wharf Tower 1

What did unit V5 last sell for?

AED 2,200,000 on 19 April 2017: AED 986 per sqft for 2,230 sqft. The unit has 2 registered sales; the first was AED 2,247,413 in October 2012.

What is the rent for unit V5?

AED 155,000 a year on the contract renewed on 19 February 2016. The previous contract, from February 2015, was AED 155,000; the unit has been rented since December 2012.

How big is unit V5?

2,230 sqft (207.2 sqm): a two-bedroom apartment on the 2nd floor of a 27-storey tower completed in 2010.

What is unit V5 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 V5, Marina Wharf Tower 1

Starts from the last sale price (AED 2.2M, 19 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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