2-bed · 1,325 sqftOrra Marina, Dubai Marina · 17th floor · completed 2012

1702, Orra Marina

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

Unit 1702 · DLD and Ejari recordsUpdated 1 November 2021
Last soldAED 1M8 November 2017
Current rentAED 85K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, Orra Marina

What is 1702 worth today?

Last sold for AED 1,000,000 in 2017

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1 Nov 2021RentedNew contract
AED 85,000/yr36 months · AED 64 per sqft
15 Jun 2021RentedNew contract
AED 75,000/yr24 months · AED 57 per sqft
1 Mar 2020RentedNew contract
AED 115,000/yr12 months · AED 87 per sqft
20 Mar 2019RentedRenewal
AED 120,000/yr12 months · AED 91 per sqft
20 Mar 2018RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
8 Nov 2017Sold by developerReady
AED 1,000,000AED 754 per sqft
20 Mar 2017RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
2 Feb 2016RentedNew contract
AED 145,000/yr12 months · AED 110 per sqft

Source: Dubai Land Department. Updated 1 November 2021.

Key facts

Type
2-bed apartment
Size
1,325 sqft
Floor
17th of 30
Parking
B2-37
Developer
GKT Holdings
Completed
2012
Service charge
AED 31,800 /yr
Last sold
AED 1M · November 2017
Building
Orra Marina

About 1702, Orra Marina

1702 is a two-bedroom apartment of 1,325 sqft on the 17th floor of Orra Marina, a 30-storey tower in Dubai Marina completed in 2012 by GKT Holdings. The developer sold it on 8 November 2017 for AED 1,000,000, or AED 754 per sqft, 34% below the AED 1,146 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 1 November 2021, is AED 85,000 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 31,800 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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, November 2017: AED 1,000,000 (AED 754 per sqft)

1702 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1702, 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, November 2012: AED 100,177 a yearNew contract, October 2013: AED 114,800 a yearRenewal, October 2014: AED 126,280 a yearNew contract, November 2015: AED 145,000 a yearNew contract, February 2016: AED 145,000 a yearNew contract, March 2017: AED 120,000 a yearNew contract, March 2018: AED 120,000 a yearRenewal, March 2019: AED 120,000 a yearNew contract, March 2020: AED 115,000 a yearNew contract, June 2021: AED 75,000 a yearNew contract, November 2021: AED 85,000 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 1702 sits

All 75 2-beds →

1702 last sold in November 2017 at AED 754 per sqft, 34% below what two-beds in Orra Marina were fetching at the time (AED 1,146). 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. 1702's AED 85,000 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 17th floor

All 189 units in Orra Marina
Value
17011-bedAED 1.35M · Sep 2022
17032-bedAED 1M · Nov 2017
17041-bedAED 740K · Jul 2020
17051-bedAED 400K · Sep 2013
17062-bedAED 2.2M · Feb 2013
17072-bedAED 1.59M · Aug 2012
17081-bedAED 1.39M · Sep 2012

1702, Orra Marina in numbers

  • Sold once: by GKT Holdings on 8 November 2017 for AED 1,000,000, or AED 754 per sqft.
  • Rented since November 2012 on 11 Ejari contracts. The rent fell from AED 100,177 to AED 75,000 in 2021 and recovered to AED 85,000 by November 2021.
  • At AED 85,000 a year the gross yield on the 2017 price is 8.5%, before a service charge of about AED 31,800 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 1 November 2021.

Questions about 1702, Orra Marina

What did unit 1702 last sell for?

AED 1,000,000 on 8 November 2017, sold by the developer: AED 754 per sqft for 1,325 sqft. It is the only registered sale of the unit.

What is the rent for unit 1702?

AED 85,000 a year on the contract signed on 1 November 2021. The previous contract, from June 2021, was AED 75,000; the unit has been rented since November 2012.

How big is unit 1702?

1,325 sqft (123.1 sqm): a two-bedroom apartment on the 17th floor of a 30-storey tower completed in 2012.

What is unit 1702 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.

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Mortgage on 1702, Orra Marina

Starts from the last sale price (AED 1M, 8 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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