508, Orra Harbour Tower 2
Sold prices and rental history: sold once, by the developer in September 2013, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Orra Harbour Tower 2
What is 508 worth today?
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Source: Dubai Land Department. Updated 15 September 2020.
Key facts
- Type
- Studio hotel apartment
- Size
- 565 sqft
- Parking
- B1-055
- Developer
- Marina 3K
- Completed
- 2017
- Last sold
- AED 470K · September 2013
- Building
- Orra Harbour Tower 2
About 508, Orra Harbour Tower 2
508 is a studio of 565 sqft of Orra Harbour Tower 2, a 12-storey tower in Dubai Marina completed in 2017 by Marina 3K. The developer sold it on 17 September 2013 for AED 469,908, or AED 832 per sqft, 32% above the AED 628 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 15 September 2020, is AED 40,000 a year: a gross yield of 8.5% on the 2013 price.
Sales and rents for 508 over time
508 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 508 sits
All 17 studios →508 last sold in September 2013 at AED 832 per sqft, 32% above what studios in Orra Harbour Tower 2 were fetching at the time (AED 628). 508's AED 40,000 is at the bottom 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%
508, Orra Harbour Tower 2 in numbers
- Sold once: by Marina 3K on 17 September 2013 for AED 469,908, or AED 832 per sqft.
- Rented since January 2020 on 2 Ejari contracts, from AED 86,667 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2013 price is 8.5%.
Source: Dubai Land Department. Updated 15 September 2020.
Questions about 508, Orra Harbour Tower 2
What did unit 508 last sell for?
AED 469,908 on 17 September 2013, sold by the developer: AED 832 per sqft for 565 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 40,000 a year on the contract signed on 15 September 2020. The previous contract, from January 2020, was AED 86,667.
How big is unit 508?
565 sqft (52.5 sqm): a studio of a 12-storey tower completed in 2017.
What is unit 508 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 508, Orra Harbour Tower 2
Starts from the last sale price (AED 470K, 17 September 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 469,908
- Deposit, UAE resident (20%)
- AED 93,982
- Deposit, non-resident (40%)
- AED 187,963
- Monthly over 25 years at 3.7%
- AED 1,923
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →