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2-bed · 759 sqftMarina Wharf Tower 2, Dubai Marina · 7th floor · completed 2014

703, Marina Wharf Tower 2

Sold prices and rental history: sold twice, last in April 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 25 April 2023
Last soldAED 1.1M25 April 2023
Current rentAED 95K /yr11 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Marina Wharf Tower 2

What is 703 worth today?

Last sold for AED 1,100,000 in 2023

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25 Apr 2023SoldReady
AED 1,100,000AED 1,448 per sqft
11 Jan 2023RentedNew contract
AED 95,000/yr12 months · AED 124 per sqft
23 Dec 2021RentedNew contract
AED 85,500/yr12 months · AED 112 per sqft
24 Sep 2019Sold by developerReady
AED 985,000AED 1,297 per sqft

Source: Dubai Land Department. Updated 25 April 2023.

Key facts

Type
2-bed apartment
Size
759 sqft
Floor
7th of 27
Parking
F2-06
Developer
Dheeraj & East Coast
Completed
2014
Service charge
AED 12,800 /yr
Last sold
AED 1.1M · April 2023
Building
Marina Wharf Tower 2

About 703, Marina Wharf Tower 2

703 is a two-bedroom apartment of 759 sqft on the 7th floor of Marina Wharf Tower 2, a 27-storey tower in Dubai Marina completed in 2014 by Dheeraj & East Coast. It last sold on 25 April 2023 for AED 1,100,000, or AED 1,448 per sqft, 7% above the AED 1,350 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 11 January 2023, is AED 95,000 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 12,800 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, September 2019: AED 985,000 (AED 1,297 per sqft)Sold, April 2023: AED 1,100,000 (AED 1,448 per sqft)

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

Rents
Unit 703, 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, December 2021: AED 85,500 a yearNew contract, January 2023: AED 95,000 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 2, and where 703 sits

All 55 2-beds →

703 last sold in April 2023 at AED 1,448 per sqft, 7% above what two-beds in Marina Wharf Tower 2 were fetching at the time (AED 1,350). 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. 703's AED 95,000 is in the lower 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 7th floor

All 166 units in Marina Wharf Tower 2
Value
7013-bedAED 1.39M · May 2009
7023-bedAED 1.34M · Jun 2009
7042-bedAED 1.15M · Aug 2023
7053-bedAED 1.1M · Feb 2021
7063-bedAED 1.45M · May 2009

703, Marina Wharf Tower 2 in numbers

  • Sold twice: first on 24 September 2019 for AED 985,000, last on 25 April 2023 for AED 1,100,000 (AED 1,448 per sqft).
  • Rented since December 2021 on 2 Ejari contracts, from AED 85,500 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 8.6%, 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 25 April 2023.

Questions about 703, Marina Wharf Tower 2

What did unit 703 last sell for?

AED 1,100,000 on 25 April 2023: AED 1,448 per sqft for 759 sqft. The unit has 2 registered sales; the first was AED 985,000 in September 2019.

What is the rent for unit 703?

AED 95,000 a year on the contract signed on 11 January 2023. The previous contract, from December 2021, was AED 85,500.

How big is unit 703?

759 sqft (70.5 sqm): a two-bedroom apartment on the 7th floor of a 27-storey tower completed in 2014.

What is unit 703 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 703, Marina Wharf Tower 2

Starts from the last sale price (AED 1.1M, 25 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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