2-bed · 1,185 sqftPanoramic Tower, Dubai Marina · 6th floor · completed 2008

602, Panoramic Tower

Sold prices and rental history: sold twice, last in February 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 20 September 2019
Last soldAED 1.55M4 February 2015
Current rentAED 80K /yr20 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Panoramic Tower

What is 602 worth today?

Last sold for AED 1,550,000 in 2015

Unlock today's estimate, updated daily, with

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

20 Sep 2019RentedNew contract
AED 80,000/yr12 months · AED 68 per sqft
20 Aug 2016RentedNew contract
AED 115,000/yr12 months · AED 97 per sqft
4 Feb 2015SoldReady
AED 1,550,000AED 1,307 per sqft
16 Aug 2014RentedNew contract
AED 125,000/yr12 months · AED 106 per sqft
5 Jul 2013RentedNew contract
AED 115,000/yr12 months · AED 97 per sqft
18 May 2011Sold by developerReady
AED 503,580AED 424 per sqft

Source: Dubai Land Department. Updated 20 September 2019.

Key facts

Type
2-bed apartment
Size
1,185 sqft
Floor
6th of 7
Parking
B2-6002
Developer
BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING)
Completed
2008
Service charge
AED 21,400 /yr
Last sold
AED 1.55M · February 2015

About 602, Panoramic Tower

602 is a two-bedroom apartment of 1,185 sqft on the 6th floor of Panoramic Tower, a 7-storey tower in Dubai Marina completed in 2008 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). It last sold on 4 February 2015 for AED 1,550,000, or AED 1,307 per sqft, 3% below the AED 1,350 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 20 September 2019, is AED 80,000 a year: a gross yield of 5.2% on the 2015 price, before the service charge of about AED 21,400 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical two-bed in Panoramic Tower
1M2M2009201320172021Typical sale price by year: 2009 AED 962,040; 2011 AED 503,580; 2013 AED 1,460,000; 2014 AED 1,600,000; 2023 AED 2,020,000Sold by developer, May 2011: AED 503,580 (AED 424 per sqft)Sold, February 2015: AED 1,550,000 (AED 1,307 per sqft)

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

Rents
Unit 602, each contractTypical two-bed in Panoramic Tower
100K2013201720212025Typical rent by year: 2013 AED 113,500; 2014 AED 122,368; 2015 AED 131,250; 2016 AED 122,320; 2017 AED 107,500; 2018 AED 93,000; 2019 AED 84,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 83,625; 2023 AED 86,250; 2024 AED 120,000; 2025 AED 130,000; 2026 AED 130,000New contract, July 2013: AED 115,000 a yearNew contract, August 2014: AED 125,000 a yearNew contract, August 2016: AED 115,000 a yearNew contract, September 2019: AED 80,000 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 Panoramic Tower, and where 602 sits

All 14 2-beds →

602 last sold in February 2015 at AED 1,307 per sqft, 3% below what two-beds in Panoramic Tower were fetching at the time (AED 1,350). Over the last 12 months two-beds sold for AED 1,890,000 to 2,100,000, around AED 1,858 per sqft, and rent for AED 100,000 to 221,000 a year. 602's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Aug 20261,890,000
3 Apr 20262,100,000
10 Apr 20252,500,000
17 Feb 20252,400,000
2 2-bed sales in the last 12 months

Panoramic Tower

Building

73 apartments, 1-bed to 3-bed over 7 floors in Dubai Marina, completed in 2008 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). 4 sold in the last 12 months.

Typical price per sqft
AED 1,662
Typical sale
AED 2M
Typical rent
AED 83K /yr
Typical yield
6.3%
Panoramic Tower, Dubai Marina: prices, sales and rents →

Other units on the 6th floor

All 73 units in Panoramic Tower
Value
6012-bedAED 1.65M · Feb 2014
6031-bedAED 1M · Feb 2015
6041-bedAED 1M · Feb 2015
6051-bedAED 752K · Mar 2010
6061-bedAED 1.05M · Mar 2014
6071-bedAED 1M · Feb 2015
6081-bedAED 565K · Sep 2020
1–7 of 9

602, Panoramic Tower in numbers

  • Sold twice: first on 18 May 2011 for AED 503,580, last on 4 February 2015 for AED 1,550,000 (AED 1,307 per sqft).
  • Rented since July 2013 on 4 Ejari contracts, from AED 115,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2015 price is 5.2%, before a service charge of about AED 21,400 a year (AED 18.09 per sqft).
  • Two-beds in Panoramic Tower sold for AED 1,890,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,662 per sqft.

Source: Dubai Land Department. Updated 20 September 2019.

Questions about 602, Panoramic Tower

What did unit 602 last sell for?

AED 1,550,000 on 4 February 2015: AED 1,307 per sqft for 1,185 sqft. The unit has 2 registered sales; the first was AED 503,580 in May 2011.

What is the rent for unit 602?

AED 80,000 a year on the contract signed on 20 September 2019. The previous contract, from August 2016, was AED 115,000; the unit has been rented since July 2013.

How big is unit 602?

1,185 sqft (110.1 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2008.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Panoramic Tower sold for AED 1,890,000 to 2,100,000 in the last 12 months, around AED 1,858 per sqft.

Selling 602? 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 602, Panoramic Tower

Starts from the last sale price (AED 1.55M, 4 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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