1-bed · 908 sqftOrra Marina, Dubai Marina · 13th floor · completed 2012

1308, Orra Marina

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1308 · DLD and Ejari recordsUpdated 2 October 2020
Last soldAED 650K26 October 2017
Current rentAED 66K /yr2 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1308, Orra Marina

What is 1308 worth today?

Last sold for AED 650,000 in 2017

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2 Oct 2020RentedRenewal
AED 65,653/yr12 months · AED 72 per sqft
17 Jun 2020RentedNew contract
AED 90,000/yr3 months · AED 99 per sqft
2 Oct 2019RentedNew contract
AED 90,000/yr12 months · AED 99 per sqft
2 Oct 2018RentedNew contract
AED 102,000/yr12 months · AED 113 per sqft
26 Oct 2017Sold by developerReady
AED 650,000AED 715 per sqft
5 Aug 2017RentedRenewal
AED 94,500/yr12 months · AED 105 per sqft
5 Aug 2016RentedRenewal
AED 94,500/yr12 months · AED 105 per sqft
5 Aug 2015RentedRenewal
AED 94,500/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 2 October 2020.

Key facts

Type
1-bed apartment
Size
908 sqft
Floor
13th of 30
Parking
B2-48
Developer
GKT Holdings
Completed
2012
Service charge
AED 21,800 /yr
Last sold
AED 650K · October 2017
Building
Orra Marina

About 1308, Orra Marina

1308 is a one-bedroom apartment of 908 sqft on the 13th floor of Orra Marina, a 30-storey tower in Dubai Marina completed in 2012 by GKT Holdings. The developer sold it on 26 October 2017 for AED 650,000, or AED 715 per sqft, 39% below the AED 1,178 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 2 October 2020, is AED 65,653 a year: a gross yield of 10.1% on the 2017 price, before the service charge of about AED 21,800 a year.

Sales and rents for 1308 over time

Sales
Unit 1308, each saleTypical one-bed in Orra Marina
01M2M2010201520202025Typical sale price by year: 2010 AED 949,150; 2012 AED 1,922,648; 2013 AED 400,000; 2014 AED 1,800,000; 2015 AED 1,530,000; 2016 AED 1,200,000; 2017 AED 650,000; 2019 AED 1,000,000; 2020 AED 850,000; 2023 AED 1,380,000; 2024 AED 232,614; 2025 AED 1,487,500; 2026 AED 1,450,000Sold by developer, October 2017: AED 650,000 (AED 715 per sqft)

1308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1308, each contractTypical one-bed in Orra Marina
75K100K2012201620202024Typical rent by year: 2012 AED 85,000; 2013 AED 98,667; 2014 AED 115,000; 2015 AED 115,000; 2016 AED 110,000; 2017 AED 105,000; 2018 AED 100,000; 2019 AED 93,000; 2020 AED 74,000; 2021 AED 74,000; 2022 AED 76,457; 2023 AED 85,000; 2024 AED 105,000; 2025 AED 110,000; 2026 AED 90,000New contract, August 2012: AED 82,000 a yearNew contract, August 2013: AED 90,000 a yearRenewal, August 2014: AED 94,500 a yearRenewal, August 2015: AED 94,500 a yearRenewal, August 2016: AED 94,500 a yearRenewal, August 2017: AED 94,500 a yearNew contract, October 2018: AED 102,000 a yearNew contract, October 2019: AED 90,000 a yearNew contract, June 2020: AED 90,000 a yearRenewal, October 2020: AED 65,653 a year

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

1-beds in Orra Marina, and where 1308 sits

All 76 1-beds →

1308 last sold in October 2017 at AED 715 per sqft, 39% below what one-beds in Orra Marina were fetching at the time (AED 1,178). Over the last 12 months one-beds sold for AED 1,400,000 to 1,720,000, around AED 1,691 per sqft, and rent for AED 80,000 to 130,000 a year. 1308's AED 65,653 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Aug 20261,625,000
12 Jan 20261,450,000
2 Jan 20261,400,000
24 Nov 20251,720,000
4 1-bed sales in the last 12 months

Orra Marina

Building

189 apartments, studios to 6-bed over 30 floors in Dubai Marina, completed in 2012 by GKT Holdings. 10 sold in the last 12 months.

Typical price per sqft
AED 1,685 Up 24.8%
Typical sale
AED 2.23M
Typical rent
AED 125K /yr
Typical yield
6.0%
Orra Marina, Dubai Marina: prices, sales and rents →

Other units on the 13th floor

All 189 units in Orra Marina
Value
13011-bedAED 650K · Nov 2017
13022-bedNo registered sale
13032-bedNo registered sale
13041-bedAED 650K · Oct 2017
13051-bedAED 650K · Oct 2017
13062-bedAED 1M · Oct 2017
13072-bedAED 1.78M · May 2017

1308, Orra Marina in numbers

  • Sold once: by GKT Holdings on 26 October 2017 for AED 650,000, or AED 715 per sqft.
  • Rented since August 2012 on 10 Ejari contracts, from AED 82,000 to AED 65,653 a year.
  • At AED 65,653 a year the gross yield on the 2017 price is 10.1%, before a service charge of about AED 21,800 a year (AED 24.00 per sqft).
  • One-beds in Orra Marina sold for AED 1,400,000–1,720,000 in the 12 months to November 2026; the building's median across all types is AED 1,685 per sqft.

Source: Dubai Land Department. Updated 2 October 2020.

Questions about 1308, Orra Marina

What did unit 1308 last sell for?

AED 650,000 on 26 October 2017, sold by the developer: AED 715 per sqft for 908 sqft. It is the only registered sale of the unit.

What is the rent for unit 1308?

AED 65,653 a year on the contract renewed on 2 October 2020. The previous contract, from June 2020, was AED 90,000; the unit has been rented since August 2012.

How big is unit 1308?

908 sqft (84.4 sqm): a one-bedroom apartment on the 13th floor of a 30-storey tower completed in 2012.

What is unit 1308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Orra Marina sold for AED 1,400,000 to 1,720,000 in the last 12 months, around AED 1,691 per sqft.

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Mortgage on 1308, Orra Marina

Starts from the last sale price (AED 650K, 26 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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