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

612, Orra Harbour Tower 1

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

Unit 612 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 350K17 February 2023
Current rentAED 84K /yr11 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 612, Orra Harbour Tower 1

What is 612 worth today?

Last sold for AED 350,001 in 2023

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11 Dec 2023RentedRenewal
AED 84,000/yr12 months · AED 217 per sqft
11 Dec 2023RentedRenewal
AED 84,000/yr12 months · AED 217 per sqft
17 Feb 2023SoldReady
AED 350,001AED 905 per sqft
11 Dec 2022RentedNew contract
AED 96,000/yr12 months · AED 248 per sqft
1 Aug 2020RentedNew contract
AED 50,000/yr24 months · AED 129 per sqft
26 May 2009Sold by developerOff-plan
AED 758,500AED 1,962 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
Studio hotel apartment
Size
386 sqft
Parking
B2-151
Developer
Marina 3K
Completed
2017
Service charge
AED 6,200 /yr
Last sold
AED 350K · February 2023

About 612, Orra Harbour Tower 1

612 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 17 February 2023 for AED 350,001, or AED 905 per sqft, 64% below the AED 2,519 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 11 December 2023, is AED 84,000 a year: a gross yield of 24.0% on the 2023 price, before the service charge of about AED 6,200 a year.

Sales and rents for 612 over time

Sales
Unit 612, each saleTypical studio in Orra Harbour Tower 1
500K1M20092013201720212025Typical 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, May 2009: AED 758,500 (AED 1,962 per sqft)Sold, February 2023: AED 350,001 (AED 905 per sqft)

612 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 612, each contractTypical studio in Orra Harbour Tower 1
50K75K100K2020202220242026Typical 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, August 2020: AED 50,000 a yearNew contract, December 2022: AED 96,000 a yearRenewal, December 2023: AED 84,000 a yearRenewal, December 2023: AED 84,000 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 612 sits

All 14 studios →

612 last sold in February 2023 at AED 905 per sqft, 64% below what studios in Orra Harbour Tower 1 were fetching at the time (AED 2,519). 612's AED 84,000 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 →

612, Orra Harbour Tower 1 in numbers

  • Sold twice: first on 26 May 2009 for AED 758,500, last on 17 February 2023 for AED 350,001 (AED 905 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 50,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2023 price is 24.0%, before a service charge of about AED 6,200 a year (AED 16.00 per sqft).

Source: Dubai Land Department. Updated 11 December 2023.

Questions about 612, Orra Harbour Tower 1

What did unit 612 last sell for?

AED 350,001 on 17 February 2023: AED 905 per sqft for 386 sqft. The unit has 2 registered sales; the first was AED 758,500 in May 2009.

What is the rent for unit 612?

AED 84,000 a year on the contract renewed on 11 December 2023. The previous contract, from December 2023, was AED 84,000; the unit has been rented since August 2020.

How big is unit 612?

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

What is unit 612 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 612, Orra Harbour Tower 1

Starts from the last sale price (AED 350K, 17 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 350,001
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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