2-bed · 1,318 sqftOrra Marina, Dubai Marina · 15th floor · completed 2012

1503, Orra Marina

Sold prices and rental history: sold once, by the developer in August 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 24 September 2017
Last soldAED 2.58M10 August 2014
Current rentAED 125K /yr24 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1503, Orra Marina

What is 1503 worth today?

Last sold for AED 2,580,000 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

24 Sep 2017RentedNew contract
AED 125,000/yr12 months · AED 95 per sqft
10 Aug 2014Sold by developerReady
AED 2,580,000AED 1,957 per sqft
27 Jul 2014RentedNew contract
AED 180,000/yr12 months · AED 137 per sqft
9 Jul 2013RentedNew contract
AED 150,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 24 September 2017.

Key facts

Type
2-bed apartment
Size
1,318 sqft
Floor
15th of 30
Parking
B2-46
Developer
GKT Holdings
Completed
2012
Service charge
AED 31,600 /yr
Last sold
AED 2.58M · August 2014
Building
Orra Marina

About 1503, Orra Marina

1503 is a two-bedroom apartment of 1,318 sqft on the 15th floor of Orra Marina, a 30-storey tower in Dubai Marina completed in 2012 by GKT Holdings. The developer sold it on 10 August 2014 for AED 2,580,000, or AED 1,957 per sqft, 419% above the AED 377 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 24 September 2017, is AED 125,000 a year: a gross yield of 4.8% on the 2014 price, before the service charge of about AED 31,600 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical two-bed in Orra Marina
02M2009201420192024Typical sale price by year: 2009 AED 2,100,000; 2012 AED 2,655,852; 2013 AED 500,000; 2014 AED 2,650,000; 2016 AED 1,985,000; 2017 AED 1,480,924; 2018 AED 2,551,742; 2022 AED 1,770,000; 2023 AED 1,537,500; 2024 AED 264,027; 2025 AED 1,788,669; 2026 AED 2,400,000Sold by developer, August 2014: AED 2,580,000 (AED 1,957 per sqft)

1503 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1503, each contractTypical two-bed in Orra Marina
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 130,000; 2014 AED 149,000; 2015 AED 148,000; 2016 AED 147,500; 2017 AED 140,000; 2018 AED 125,000; 2019 AED 112,000; 2020 AED 92,308; 2021 AED 85,625; 2022 AED 99,755; 2023 AED 111,000; 2024 AED 123,000; 2025 AED 133,125; 2026 AED 135,000New contract, July 2013: AED 150,000 a yearNew contract, July 2014: AED 180,000 a yearNew contract, September 2017: AED 125,000 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 Marina, and where 1503 sits

All 75 2-beds →

1503 last sold in August 2014 at AED 1,957 per sqft, 419% above what two-beds in Orra Marina were fetching at the time (AED 377). Over the last 12 months two-beds sold for AED 2,050,000 to 2,430,000, around AED 1,777 per sqft, and rent for AED 50,000 to 500,000 a year. 1503's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20262,400,000
24 Feb 20262,430,000
20 Jan 20262,050,000
24 Oct 20252,050,000
3 2-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 15th floor

All 189 units in Orra Marina
Value
15011-bedAED 1M · Dec 2019
15022-bedAED 1M · Nov 2017
15041-bedAED 1.43M · Apr 2024
15051-bedAED 1.43M · Aug 2016
15062-bedAED 2.1M · Jul 2016
15072-bedAED 2.7M · Oct 2014
15081-bedAED 1.59M · Mar 2014

1503, Orra Marina in numbers

  • Sold once: by GKT Holdings on 10 August 2014 for AED 2,580,000, or AED 1,957 per sqft.
  • Rented since July 2013 on 3 Ejari contracts, from AED 150,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2014 price is 4.8%, before a service charge of about AED 31,600 a year (AED 24.00 per sqft).
  • Two-beds in Orra Marina sold for AED 2,050,000–2,430,000 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 24 September 2017.

Questions about 1503, Orra Marina

What did unit 1503 last sell for?

AED 2,580,000 on 10 August 2014, sold by the developer: AED 1,957 per sqft for 1,318 sqft. It is the only registered sale of the unit.

What is the rent for unit 1503?

AED 125,000 a year on the contract signed on 24 September 2017. The previous contract, from July 2014, was AED 180,000; the unit has been rented since July 2013.

How big is unit 1503?

1,318 sqft (122.4 sqm): a two-bedroom apartment on the 15th floor of a 30-storey tower completed in 2012.

What is unit 1503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Orra Marina sold for AED 2,050,000 to 2,430,000 in the last 12 months, around AED 1,777 per sqft.

Selling 1503? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1503, Orra Marina

Starts from the last sale price (AED 2.58M, 10 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,580,000
Deposit, UAE resident (20%)
AED 516,000
Deposit, non-resident (40%)
AED 1,032,000
Monthly over 25 years at 3.7%
AED 10,556

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