2-bed · 675 sqftOrra Harbour Tower 2, Dubai Marina · completed 2017

1602, Orra Harbour Tower 2

Sold prices and rental history: sold once, by the developer in February 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 25 July 2024
Last soldAED 1.09M23 February 2013
Current rentAED 160K /yr25 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1602, Orra Harbour Tower 2

What is 1602 worth today?

Last sold for AED 1,086,048 in 2013

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25 Jul 2024RentedRenewal
AED 160,000/yr12 months · AED 118 per sqft
25 Jul 2024RentedRenewal
AED 160,000/yr12 months · AED 118 per sqft
25 Jul 2023RentedRenewal
AED 145,000/yr12 months · AED 107 per sqft
25 Jul 2022RentedNew contract
AED 145,000/yr12 months · AED 107 per sqft
1 Jun 2020RentedNew contract
AED 90,000/yr12 months · AED 67 per sqft
1 Jan 2020RentedNew contract
AED 106,667/yr24 months · AED 79 per sqft
23 Feb 2013Sold by developerOff-plan
AED 1,086,048AED 804 per sqft

Source: Dubai Land Department. Updated 25 July 2024.

Key facts

Type
2-bed hotel apartment
Size
675 sqft
Parking
B1-070
Developer
Marina 3K
Completed
2017
Last sold
AED 1.09M · February 2013

About 1602, Orra Harbour Tower 2

1602 is a two-bedroom hotel apartment of 675 sqft of Orra Harbour Tower 2, a 12-storey tower in Dubai Marina completed in 2017 by Marina 3K. The developer sold it on 23 February 2013 for AED 1,086,048, or AED 804 per sqft, in line with the AED 804 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 25 July 2024, is AED 160,000 a year: a gross yield of 14.7% on the 2013 price.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical two-bed in Orra Harbour Tower 2
1M2M3M2013201720212025Typical sale price by year: 2013 AED 1,086,048; 2017 AED 1,663,416; 2018 AED 1,495,523; 2021 AED 1,200,000; 2023 AED 2,600,000; 2024 AED 2,910,000; 2025 AED 3,050,000Sold by developer, February 2013: AED 1,086,048 (AED 804 per sqft)

1602 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1602, each contractTypical two-bed in Orra Harbour Tower 2
100K150K200K20192021202320252027Typical rent by year: 2019 AED 133,500; 2020 AED 106,667; 2021 AED 128,000; 2022 AED 170,000; 2023 AED 180,000; 2024 AED 171,250; 2025 AED 190,000; 2026 AED 170,000New contract, January 2020: AED 106,667 a yearNew contract, June 2020: AED 90,000 a yearNew contract, July 2022: AED 145,000 a yearRenewal, July 2023: AED 145,000 a yearRenewal, July 2024: AED 160,000 a yearRenewal, July 2024: AED 160,000 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 Orra Harbour Tower 2, and where 1602 sits

All 34 2-beds →

1602 last sold in February 2013 at AED 804 per sqft, in line with what two-beds in Orra Harbour Tower 2 were fetching at the time (AED 804). Over the last 12 months two-beds sold for AED 2,950,000, around AED 2,029 per sqft, and rent for AED 155,000 to 200,000 a year. 1602's AED 160,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Dec 20252,950,000
13 Jun 20253,125,000
6 Feb 20253,050,000
21 Mar 20242,910,000
1 2-bed sale in the last 12 months

Orra Harbour Tower 2

Building

6 apartments, studios to 5-bed over 12 floors in Dubai Marina, completed in 2017 by Marina 3K. 2 sold in the last 12 months.

Typical price per sqft
AED 2,140
Typical sale
AED 2.39M
Typical rent
AED 130K /yr
Typical yield
6.4%
Orra Harbour Tower 2, Dubai Marina: prices, sales and rents →

1602, Orra Harbour Tower 2 in numbers

  • Sold once: by Marina 3K on 23 February 2013 for AED 1,086,048, or AED 804 per sqft.
  • Rented since January 2020 on 6 Ejari contracts. The rent fell from AED 106,667 to AED 90,000 in 2020 and recovered to AED 160,000 by July 2024.
  • At AED 160,000 a year the gross yield on the 2013 price is 14.7%.
  • Two-beds in Orra Harbour Tower 2 sold for AED 2,950,000–2,950,000 in the 12 months to November 2026; the building's median across all types is AED 2,140 per sqft.

Source: Dubai Land Department. Updated 25 July 2024.

Questions about 1602, Orra Harbour Tower 2

What did unit 1602 last sell for?

AED 1,086,048 on 23 February 2013, sold by the developer: AED 804 per sqft for 675 sqft. It is the only registered sale of the unit.

What is the rent for unit 1602?

AED 160,000 a year on the contract renewed on 25 July 2024. The previous contract, from July 2024, was AED 160,000; the unit has been rented since January 2020.

How big is unit 1602?

675 sqft (62.7 sqm): a two-bedroom hotel apartment of a 12-storey tower completed in 2017.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Orra Harbour Tower 2 sold for AED 2,950,000 to 2,950,000 in the last 12 months, around AED 2,029 per sqft.

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Mortgage on 1602, Orra Harbour Tower 2

Starts from the last sale price (AED 1.09M, 23 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,086,048
Deposit, UAE resident (20%)
AED 217,210
Deposit, non-resident (40%)
AED 434,419
Monthly over 25 years at 3.7%
AED 4,443

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