1-bed · 1,064 sqftOpal Marina Tower, Dubai Marina · 7th floor · completed 2014

706, Opal Marina Tower

Sold prices and rental history: sold once, by the developer in January 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 20 January 2023
Last soldAED 950K19 January 2023
Current rentAED 65K /yr20 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Opal Marina Tower

What is 706 worth today?

Last sold for AED 950,000 in 2023

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20 Jan 2023RentedNew contract
AED 65,289/yr4 months · AED 61 per sqft
19 Jan 2023Sold by developerReady
AED 950,000AED 892 per sqft
1 Feb 2022RentedRenewal
AED 60,500/yr12 months · AED 57 per sqft
1 Feb 2021RentedRenewal
AED 55,000/yr12 months · AED 52 per sqft
1 Feb 2020RentedRenewal
AED 70,000/yr12 months · AED 66 per sqft
1 Feb 2019RentedNew contract
AED 70,000/yr12 months · AED 66 per sqft
13 Jan 2018RentedRenewal
AED 90,000/yr12 months · AED 85 per sqft
13 Jan 2017RentedNew contract
AED 90,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 20 January 2023.

Key facts

Type
1-bed apartment
Size
1,064 sqft
Floor
7th of 29
Parking
B2-30
Developer
Mismak Properties - Sole Proprietorship - Dubai Branch
Completed
2014
Service charge
AED 22,400 /yr
Last sold
AED 950K · January 2023

About 706, Opal Marina Tower

706 is a one-bedroom apartment of 1,064 sqft on the 7th 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 January 2023 for AED 950,000, or AED 892 per sqft, 3% above the AED 864 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 20 January 2023, is AED 65,289 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 22,400 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical one-bed in Opal Marina Tower
1M1.5M202220242026Typical sale price by year: 2022 AED 916,000; 2023 AED 952,185; 2024 AED 1,330,000; 2025 AED 1,700,000; 2026 AED 1,396,322Sold by developer, January 2023: AED 950,000 (AED 892 per sqft)

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

Rents
Unit 706, each contractTypical one-bed in Opal Marina Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 75,000; 2014 AED 82,728; 2015 AED 90,000; 2016 AED 90,046; 2017 AED 90,000; 2018 AED 75,000; 2019 AED 70,000; 2020 AED 60,000; 2021 AED 52,000; 2022 AED 60,000; 2023 AED 66,000; 2024 AED 92,000; 2025 AED 95,000; 2026 AED 90,000New contract, July 2012: AED 70,000 a yearNew contract, July 2013: AED 85,000 a yearRenewal, July 2014: AED 89,248 a yearRenewal, July 2015: AED 93,710 a yearRenewal, July 2016: AED 93,712 a yearNew contract, January 2017: AED 90,000 a yearRenewal, January 2018: AED 90,000 a yearNew contract, February 2019: AED 70,000 a yearRenewal, February 2020: AED 70,000 a yearRenewal, February 2021: AED 55,000 a yearRenewal, February 2022: AED 60,500 a yearNew contract, January 2023: AED 65,289 a year

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

1-beds in Opal Marina Tower, and where 706 sits

All 51 1-beds →

706 last sold in January 2023 at AED 892 per sqft, 3% above what one-beds in Opal Marina Tower were fetching at the time (AED 864). Over the last 12 months one-beds sold for AED 1,230,000 to 1,500,000, around AED 1,409 per sqft, and rent for AED 74,799 to 165,000 a year. 706's AED 65,289 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Sep 20261,500,000
18 Jun 20261,230,000
16 Jun 20261,292,643
20 May 20261,500,000
5 1-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 7th floor

All 162 units in Opal Marina Tower
Value
7012-bedAED 1.32M · Jul 2022
7022-bedAED 1.3M · Jan 2022
7031-bedAED 830K · Jul 2022
7042-bedAED 1.26M · May 2023
7052-bedAED 1.31M · May 2023

706, Opal Marina Tower in numbers

  • Sold once: by Mismak Properties - Sole Proprietorship - Dubai Branch on 19 January 2023 for AED 950,000, or AED 892 per sqft.
  • Rented since July 2012 on 12 Ejari contracts. The rent fell from AED 70,000 to AED 55,000 in 2021 and recovered to AED 65,289 by January 2023.
  • At AED 65,289 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 22,400 a year (AED 21.01 per sqft).
  • One-beds in Opal Marina Tower sold for AED 1,230,000–1,500,000 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 20 January 2023.

Questions about 706, Opal Marina Tower

What did unit 706 last sell for?

AED 950,000 on 19 January 2023, sold by the developer: AED 892 per sqft for 1,064 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 65,289 a year on the contract signed on 20 January 2023. The previous contract, from February 2022, was AED 60,500; the unit has been rented since July 2012.

How big is unit 706?

1,064 sqft (98.8 sqm): a one-bedroom apartment on the 7th floor of a 29-storey tower completed in 2014.

What is unit 706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Opal Marina Tower sold for AED 1,230,000 to 1,500,000 in the last 12 months, around AED 1,409 per sqft.

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Mortgage on 706, Opal Marina Tower

Starts from the last sale price (AED 950K, 19 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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