1704, Orra Harbour Tower 2
Sold prices and rental history: sold once, by the developer in May 2014, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1704, Orra Harbour Tower 2
What is 1704 worth today?
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Source: Dubai Land Department. Updated 8 July 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 520 sqft
- Parking
- B1-064
- Developer
- Marina 3K
- Completed
- 2017
- Last sold
- AED 542K · May 2014
- Building
- Orra Harbour Tower 2
About 1704, Orra Harbour Tower 2
1704 is a studio of 520 sqft of Orra Harbour Tower 2, a 12-storey tower in Dubai Marina completed in 2017 by Marina 3K. The developer sold it on 5 May 2014 for AED 542,168, or AED 569 per sqft, 21% below the AED 719 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 8 July 2024, is AED 120,000 a year: a gross yield of 22.1% on the 2014 price.
Sales and rents for 1704 over time
1704 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Orra Harbour Tower 2, and where 1704 sits
All 17 studios →1704 last sold in May 2014 at AED 569 per sqft, 21% below what studios in Orra Harbour Tower 2 were fetching at the time (AED 719). 1704's AED 120,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Nov 20231 November 2023 | 565 sqft | 890,000 | 1,575 | ||
| 16 Aug 202316 August 2023 | 565 sqft | 1,044,000 | 1,848 | ||
| 18 May 202318 May 2023 | 565 sqft | 950,000 | 1,682 | ||
| 1 May 20191 May 2019 | 565 sqft | 1,000,267 | 1,771 |
Orra Harbour Tower 2
Building6 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%
1704, Orra Harbour Tower 2 in numbers
- Sold once: by Marina 3K on 5 May 2014 for AED 542,168, or AED 569 per sqft.
- Rented since January 2020 on 6 Ejari contracts. The rent fell from AED 92,500 to AED 80,000 in 2020 and recovered to AED 120,000 by July 2024.
- At AED 120,000 a year the gross yield on the 2014 price is 22.1%.
Source: Dubai Land Department. Updated 8 July 2024.
Questions about 1704, Orra Harbour Tower 2
What did unit 1704 last sell for?
AED 542,168 on 5 May 2014, sold by the developer: AED 569 per sqft for 520 sqft. It is the only registered sale of the unit.
What is the rent for unit 1704?
AED 120,000 a year on the contract signed on 8 July 2024. The previous contract, from July 2024, was AED 120,000; the unit has been rented since January 2020.
How big is unit 1704?
520 sqft (48.3 sqm): a studio of a 12-storey tower completed in 2017.
What is unit 1704 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 1704, Orra Harbour Tower 2
Starts from the last sale price (AED 542K, 5 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 542,168
- Deposit, UAE resident (20%)
- AED 108,434
- Deposit, non-resident (40%)
- AED 216,867
- Monthly over 25 years at 3.7%
- AED 2,218
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →