2-bed · 759 sqftMarina Wharf Tower 2, Dubai Marina · 12th floor · completed 2014

1204, Marina Wharf Tower 2

Sold prices and rental history: sold twice, last in December 2020, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1204 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 810K7 December 2020
Current rentAED 105K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1204, Marina Wharf Tower 2

What is 1204 worth today?

Last sold for AED 810,000 in 2020

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1 Aug 2024RentedRenewal
AED 104,500/yr12 months · AED 138 per sqft
1 Aug 2023RentedNew contract
AED 95,000/yr12 months · AED 125 per sqft
14 Jun 2022RentedNew contract
AED 85,000/yr13 months · AED 111 per sqft
2 Aug 2021RentedRenewal
AED 70,000/yr12 months · AED 93 per sqft
7 Dec 2020SoldReady
AED 810,000AED 1,066 per sqft
19 Jul 2020RentedRenewal
AED 77,098/yr12 months · AED 102 per sqft
5 Jul 2019RentedNew contract
AED 85,000/yr12 months · AED 111 per sqft
31 May 2009Sold by developerOff-plan
AED 906,200AED 1,193 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
2-bed apartment
Size
759 sqft
Floor
12th of 27
Parking
F2-15
Developer
Dheeraj & East Coast
Completed
2014
Service charge
AED 12,800 /yr
Last sold
AED 810K · December 2020

About 1204, Marina Wharf Tower 2

1204 is a two-bedroom apartment of 759 sqft on the 12th floor of Marina Wharf Tower 2, a 27-storey tower in Dubai Marina completed in 2014 by Dheeraj & East Coast. It last sold on 7 December 2020 for AED 810,000, or AED 1,066 per sqft, in line with the AED 1,040 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 104,500 a year: a gross yield of 12.9% on the 2020 price, before the service charge of about AED 12,800 a year.

Sales and rents for 1204 over time

Sales
Unit 1204, each saleTypical two-bed in Marina Wharf Tower 2
1M1.5M2009201420192024Typical sale price by year: 2009 AED 899,699; 2013 AED 1,083,500; 2014 AED 1,260,000; 2018 AED 1,182,000; 2019 AED 1,005,000; 2020 AED 800,000; 2021 AED 875,000; 2022 AED 1,000,000; 2023 AED 1,225,000; 2024 AED 1,700,000; 2025 AED 1,500,000; 2026 AED 1,500,000Sold by developer, May 2009: AED 906,200 (AED 1,193 per sqft)Sold, December 2020: AED 810,000 (AED 1,066 per sqft)

1204 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1204, each contractTypical two-bed in Marina Wharf Tower 2
75K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 70,000; 2021 AED 65,000; 2022 AED 82,500; 2023 AED 95,000; 2024 AED 113,000; 2025 AED 110,000; 2026 AED 100,000New contract, July 2019: AED 85,000 a yearRenewal, July 2020: AED 77,098 a yearRenewal, August 2021: AED 70,000 a yearNew contract, June 2022: AED 85,000 a yearNew contract, August 2023: AED 95,000 a yearRenewal, August 2024: AED 104,500 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 2, and where 1204 sits

All 55 2-beds →

1204 last sold in December 2020 at AED 1,066 per sqft, in line with what two-beds in Marina Wharf Tower 2 were fetching at the time (AED 1,040). Over the last 12 months two-beds sold for AED 1,470,000 to 1,566,400, around AED 1,975 per sqft, and rent for AED 64,615 to 140,000 a year. 1204's AED 104,500 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Jun 20261,500,000
16 Mar 20261,470,000
27 Feb 20261,566,400
23 Dec 20251,500,000
4 2-bed sales in the last 12 months

Marina Wharf Tower 2

Building

166 apartments, studios to 3-bed over 27 floors in Dubai Marina, completed in 2014 by Dheeraj & East Coast. 7 sold in the last 12 months.

Typical price per sqft
AED 1,748
Typical sale
AED 1.5M
Typical rent
AED 130K /yr
Typical yield
6.2%
Marina Wharf Tower 2, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 166 units in Marina Wharf Tower 2
Value
12013-bedAED 1.46M · Jun 2009
12023-bedAED 1.53M · Aug 2021
12032-bedAED 857K · Jun 2009
12053-bedAED 1.37M · Oct 2019
12063-bedAED 1.13M · Jul 2020

1204, Marina Wharf Tower 2 in numbers

  • Sold twice: first on 31 May 2009 for AED 906,200, last on 7 December 2020 for AED 810,000 (AED 1,066 per sqft).
  • Rented since July 2019 on 6 Ejari contracts. The rent fell from AED 85,000 to AED 70,000 in 2021 and recovered to AED 104,500 by August 2024.
  • At AED 104,500 a year the gross yield on the 2020 price is 12.9%, before a service charge of about AED 12,800 a year (AED 16.88 per sqft).
  • Two-beds in Marina Wharf Tower 2 sold for AED 1,470,000–1,566,400 in the 12 months to November 2026; the building's median across all types is AED 1,748 per sqft.

Source: Dubai Land Department. Updated 1 August 2024.

Questions about 1204, Marina Wharf Tower 2

What did unit 1204 last sell for?

AED 810,000 on 7 December 2020: AED 1,066 per sqft for 759 sqft. The unit has 2 registered sales; the first was AED 906,200 in May 2009.

What is the rent for unit 1204?

AED 104,500 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 95,000; the unit has been rented since July 2019.

How big is unit 1204?

759 sqft (70.5 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2014.

What is unit 1204 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 2 sold for AED 1,470,000 to 1,566,400 in the last 12 months, around AED 1,975 per sqft.

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Mortgage on 1204, Marina Wharf Tower 2

Starts from the last sale price (AED 810K, 7 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 810,000
Deposit, UAE resident (20%)
AED 162,000
Deposit, non-resident (40%)
AED 324,000
Monthly over 25 years at 3.7%
AED 3,314

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