2-bed · 1,546 sqftOpal Marina Tower, Dubai Marina · 4th floor · completed 2014

402, Opal Marina Tower

Sold prices and rental history: sold once, by the developer in May 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 19 May 2022
Last soldAED 638K19 May 2022
Current rentAED 81K /yr3 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Opal Marina Tower

What is 402 worth today?

Last sold for AED 637,500 in 2022

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19 May 2022Sold by developerReady
AED 637,500AED 412 per sqft
3 Feb 2022RentedRenewal
AED 80,500/yr12 months · AED 52 per sqft
3 Feb 2021RentedNew contract
AED 70,000/yr12 months · AED 45 per sqft
3 Feb 2020RentedRenewal
AED 99,756/yr1 months · AED 65 per sqft
3 Feb 2019RentedNew contract
AED 95,000/yr12 months · AED 61 per sqft
7 Jan 2018RentedNew contract
AED 120,000/yr12 months · AED 78 per sqft
18 Dec 2016RentedRenewal
AED 139,402/yr6 months · AED 90 per sqft
18 Dec 2015RentedRenewal
AED 132,765/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 19 May 2022.

Key facts

Type
2-bed apartment
Size
1,546 sqft
Floor
4th of 29
Parking
B2-8
Developer
Mismak Properties - Sole Proprietorship - Dubai Branch
Completed
2014
Service charge
AED 32,500 /yr
Last sold
AED 638K · May 2022

About 402, Opal Marina Tower

402 is a two-bedroom apartment of 1,546 sqft on the 4th floor of Opal Marina Tower, a 29-storey tower in Dubai Marina completed in 2014 by Mismak Properties - Sole Proprietorship - Dubai Branch. The developer sold it on 19 May 2022 for AED 637,500, or AED 412 per sqft, 52% below the AED 855 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 3 February 2022, is AED 80,500 a year: a gross yield of 12.6% on the 2022 price, before the service charge of about AED 32,500 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Opal Marina Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,093,539; 2010 AED 1,079,600; 2011 AED 1,079,600; 2012 AED 1,200,000; 2013 AED 1,625,000; 2021 AED 1,314,047; 2022 AED 1,355,000; 2023 AED 1,352,316; 2024 AED 1,900,000; 2025 AED 2,000,000Sold by developer, May 2022: AED 637,500 (AED 412 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Opal Marina Tower
100K150K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 113,850; 2015 AED 129,838; 2016 AED 130,000; 2017 AED 130,000; 2018 AED 116,127; 2019 AED 99,000; 2020 AED 90,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 95,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 120,000New contract, December 2012: AED 104,500 a yearRenewal, December 2013: AED 109,724 a yearRenewal, December 2014: AED 120,696 a yearRenewal, December 2015: AED 132,765 a yearRenewal, December 2016: AED 139,402 a yearNew contract, January 2018: AED 120,000 a yearNew contract, February 2019: AED 95,000 a yearRenewal, February 2020: AED 99,756 a yearNew contract, February 2021: AED 70,000 a yearRenewal, February 2022: AED 80,500 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 Opal Marina Tower, and where 402 sits

All 109 2-beds →

402 last sold in May 2022 at AED 412 per sqft, 52% below what two-beds in Opal Marina Tower were fetching at the time (AED 855). Over the last 12 months two-beds sold for AED 1,780,000 to 2,100,000, around AED 1,150 per sqft, and rent for AED 97,350 to 242,000 a year. 402's AED 80,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Sep 20261,780,000
10 Jul 20262,100,000
25 Jul 20252,000,000
10 Jul 20251,925,000
2 2-bed sales in the last 12 months

Opal Marina Tower

Building

162 apartments, 1-bed to 4-bed over 29 floors in Dubai Marina, completed in 2014 by Mismak Properties - Sole Proprietorship - Dubai Branch. 7 sold in the last 12 months.

Typical price per sqft
AED 1,358
Typical sale
AED 1.5M
Typical rent
AED 120K /yr
Typical yield
5.8%
Opal Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 162 units in Opal Marina Tower
Value
4012-bedAED 1.37M · May 2023
4042-bedAED 1.26M · May 2023
4052-bedAED 1.31M · May 2023
4061-bedAED 952K · May 2023

402, Opal Marina Tower in numbers

  • Sold once: by Mismak Properties - Sole Proprietorship - Dubai Branch on 19 May 2022 for AED 637,500, or AED 412 per sqft.
  • Rented since December 2012 on 10 Ejari contracts. The rent fell from AED 104,500 to AED 70,000 in 2021 and recovered to AED 80,500 by February 2022.
  • At AED 80,500 a year the gross yield on the 2022 price is 12.6%, before a service charge of about AED 32,500 a year (AED 21.01 per sqft).
  • Two-beds in Opal Marina Tower sold for AED 1,780,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,358 per sqft.

Source: Dubai Land Department. Updated 19 May 2022.

Questions about 402, Opal Marina Tower

What did unit 402 last sell for?

AED 637,500 on 19 May 2022, sold by the developer: AED 412 per sqft for 1,546 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 80,500 a year on the contract renewed on 3 February 2022. The previous contract, from February 2021, was AED 70,000; the unit has been rented since December 2012.

How big is unit 402?

1,546 sqft (143.6 sqm): a two-bedroom apartment on the 4th floor of a 29-storey tower completed in 2014.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Opal Marina Tower sold for AED 1,780,000 to 2,100,000 in the last 12 months, around AED 1,150 per sqft.

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Mortgage on 402, Opal Marina Tower

Starts from the last sale price (AED 638K, 19 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 637,500
Deposit, UAE resident (20%)
AED 127,500
Deposit, non-resident (40%)
AED 255,000
Monthly over 25 years at 3.7%
AED 2,608

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