Studio · 386 sqftOrra Harbour Tower 1, Dubai Marina · completed 2017

512, Orra Harbour Tower 1

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 512 · DLD and Ejari recordsUpdated 2 October 2024
Last soldAED 1.13M24 October 2023
Current rentAED 83K /yr2 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 512, Orra Harbour Tower 1

What is 512 worth today?

Last sold for AED 1,130,000 in 2023

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2 Oct 2024RentedNew contract
AED 83,000/yr12 months · AED 214 per sqft
24 Oct 2023SoldReady
AED 1,130,000AED 2,924 per sqft
5 Sep 2023RentedRenewal
AED 72,450/yr12 months · AED 192 per sqft
5 Sep 2022RentedNew contract
AED 69,000/yr12 months · AED 178 per sqft
15 Jul 2021RentedRenewal
AED 51,000/yr12 months · AED 132 per sqft
15 Jul 2020RentedNew contract
AED 51,000/yr12 months · AED 132 per sqft
12 Jul 2018SoldOff-plan
AED 750,000AED 1,940 per sqft
24 Jun 2018Sold by developerOff-plan
AED 670,182AED 1,734 per sqft

Source: Dubai Land Department. Updated 2 October 2024.

Key facts

Type
Studio hotel apartment
Size
386 sqft
Parking
B2-095
Developer
Marina 3K
Completed
2017
Service charge
AED 6,200 /yr
Last sold
AED 1.13M · October 2023

About 512, Orra Harbour Tower 1

512 is a studio of 386 sqft of Orra Harbour Tower 1, a 6-storey tower in Dubai Marina completed in 2017 by Marina 3K. It last sold on 24 October 2023 for AED 1,130,000, or AED 2,924 per sqft, 13% above the AED 2,577 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 2 October 2024, is AED 83,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 6,200 a year.

Sales and rents for 512 over time

Sales
Unit 512, each saleTypical studio in Orra Harbour Tower 1
750K1M20092013201720212025Typical sale price by year: 2009 AED 747,785; 2018 AED 730,000; 2019 AED 676,369; 2022 AED 995,000; 2024 AED 1,050,000Sold by developer, June 2018: AED 670,182 (AED 1,734 per sqft)Sold, July 2018: AED 750,000 (AED 1,940 per sqft)Sold, October 2023: AED 1,130,000 (AED 2,924 per sqft)

512 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 512, each contractTypical studio in Orra Harbour Tower 1
60K80K2020202220242026Typical rent by year: 2020 AED 51,750; 2021 AED 51,000; 2022 AED 69,000; 2023 AED 83,000; 2024 AED 79,000; 2025 AED 85,000; 2026 AED 72,500New contract, July 2020: AED 51,000 a yearRenewal, July 2021: AED 51,000 a yearNew contract, September 2022: AED 69,000 a yearRenewal, September 2023: AED 72,450 a yearNew contract, October 2024: AED 83,000 a year

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

Studios in Orra Harbour Tower 1, and where 512 sits

All 14 studios →

512 last sold in October 2023 at AED 2,924 per sqft, 13% above what studios in Orra Harbour Tower 1 were fetching at the time (AED 2,577). 512's AED 83,000 is at the top of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Jul 20251,060,000
29 Aug 20241,000,000
12 Aug 20241,100,000
28 Jun 20241,100,000
0 studio sales in the last 12 months

Orra Harbour Tower 1

Building

4 apartments, studios to 3-bed over 6 floors in Dubai Marina, completed in 2017 by Marina 3K. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 103K /yr
Typical yield
Orra Harbour Tower 1, Dubai Marina: prices, sales and rents →

512, Orra Harbour Tower 1 in numbers

  • Sold 3 times: first on 24 June 2018 for AED 670,182, last on 24 October 2023 for AED 1,130,000 (AED 2,924 per sqft).
  • Rented since July 2020 on 5 Ejari contracts, from AED 51,000 to AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2023 price is 7.3%, before a service charge of about AED 6,200 a year (AED 16.00 per sqft).

Source: Dubai Land Department. Updated 2 October 2024.

Questions about 512, Orra Harbour Tower 1

What did unit 512 last sell for?

AED 1,130,000 on 24 October 2023: AED 2,924 per sqft for 386 sqft. The unit has 3 registered sales; the first was AED 670,182 in June 2018.

What is the rent for unit 512?

AED 83,000 a year on the contract signed on 2 October 2024. The previous contract, from September 2023, was AED 72,450; the unit has been rented since July 2020.

How big is unit 512?

386 sqft (35.9 sqm): a studio of a 6-storey tower completed in 2017.

What is unit 512 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 512, Orra Harbour Tower 1

Starts from the last sale price (AED 1.13M, 24 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,130,000
Deposit, UAE resident (20%)
AED 226,000
Deposit, non-resident (40%)
AED 452,000
Monthly over 25 years at 3.7%
AED 4,623

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