3-bed · 2,014 sqftPrincess Tower, Dubai Marina · 17th floor · completed 2012

1703, Princess Tower

Sold prices and rental history: sold 5 times, last in October 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 5 October 2020
Last soldAED 1.57M5 October 2020
Current rentAED 170K /yr10 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Princess Tower

What is 1703 worth today?

Last sold for AED 1,565,000 in 2020

Unlock today's estimate, updated daily, with

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

5 Oct 2020SoldReady
AED 1,565,000AED 777 per sqft
19 Nov 2019SoldReady
AED 1,515,283AED 752 per sqft
10 May 2018RentedNew contract
AED 170,000/yr12 months · AED 84 per sqft
26 Apr 2017RentedRenewal
AED 189,000/yr12 months · AED 94 per sqft
26 Apr 2016RentedNew contract
AED 189,000/yr12 months · AED 94 per sqft
13 Mar 2014SoldReady
AED 3,500,000AED 1,738 per sqft
26 Sep 2013RentedNew contract
AED 210,000/yr6 months · AED 104 per sqft
10 Oct 2012SoldReady
AED 3,185,042AED 1,581 per sqft

Source: Dubai Land Department. Updated 5 October 2020.

Key facts

Type
3-bed apartment
Size
2,014 sqft
Floor
17th of 96
Parking
B5-52,B5-53
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 33,500 /yr
Last sold
AED 1.57M · October 2020

About 1703, Princess Tower

1703 is a three-bedroom apartment of 2,014 sqft on the 17th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 5 October 2020 for AED 1,565,000, or AED 777 per sqft, in line with the AED 777 three-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 10 May 2018, is AED 170,000 a year: a gross yield of 10.9% on the 2020 price, before the service charge of about AED 33,500 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, each saleTypical three-bed in Princess Tower
2M3M2009201420192024Typical sale price by year: 2009 AED 2,975,180; 2010 AED 2,900,936; 2012 AED 2,900,936; 2013 AED 2,850,000; 2014 AED 3,302,896; 2015 AED 2,900,000; 2016 AED 3,000,000; 2017 AED 2,660,000; 2018 AED 2,225,000; 2019 AED 1,775,000; 2020 AED 1,565,000; 2021 AED 1,700,000; 2022 AED 2,123,000; 2023 AED 2,660,000; 2024 AED 3,105,500; 2025 AED 3,200,000; 2026 AED 3,286,900Sold by developer, December 2009: AED 3,185,042 (AED 1,581 per sqft)Sold, October 2012: AED 3,185,042 (AED 1,581 per sqft)Sold, March 2014: AED 3,500,000 (AED 1,738 per sqft)Sold, November 2019: AED 1,515,283 (AED 752 per sqft)Sold, October 2020: AED 1,565,000 (AED 777 per sqft)

1703 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1703, each contractTypical three-bed in Princess Tower
100K150K200K2012201620202024Typical rent by year: 2012 AED 161,000; 2013 AED 160,000; 2014 AED 180,000; 2015 AED 190,000; 2016 AED 178,535; 2017 AED 170,000; 2018 AED 155,000; 2019 AED 135,000; 2020 AED 105,000; 2021 AED 105,500; 2022 AED 126,500; 2023 AED 148,748; 2024 AED 175,000; 2025 AED 189,500; 2026 AED 175,500New contract, September 2013: AED 210,000 a yearNew contract, April 2016: AED 189,000 a yearRenewal, April 2017: AED 189,000 a yearNew contract, May 2018: AED 170,000 a year

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

3-beds in Princess Tower, and where 1703 sits

All 149 3-beds →

1703 last sold in October 2020 at AED 777 per sqft, in line with what three-beds in Princess Tower were fetching at the time (AED 777). Over the last 12 months three-beds sold for AED 2,300,000 to 5,300,000, around AED 1,632 per sqft, and rent for AED 100,000 to 300,000 a year. 1703's AED 170,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Sep 20262,300,000
29 Jul 20262,700,000
26 Mar 20262,800,000
11 Mar 20263,300,000
9 3-bed sales in the last 12 months

Princess Tower

Building

763 apartments, 1-bed to 5-bed over 96 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 42 sold in the last 12 months.

Typical price per sqft
AED 1,608 Up 0.4%
Typical sale
AED 2.05M
Typical rent
AED 105K /yr
Typical yield
5.7%
Princess Tower, Dubai Marina: prices, sales and rents →

Other units on the 17th floor

All 763 units in Princess Tower
Value
17012-bedAED 1.23M · Feb 2019
17021-bedAED 903K · Dec 2012
17042-bedAED 1.9M · Dec 2024
17052-bedAED 1.53M · Sep 2012
17063-bedAED 1.2M · Dec 2019
17071-bedAED 975K · Feb 2023
17082-bedAED 1.18M · Sep 2019
1–7 of 9

1703, Princess Tower in numbers

  • Sold 5 times: first on 20 December 2009 for AED 3,185,042, last on 5 October 2020 for AED 1,565,000 (AED 777 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 210,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2020 price is 10.9%, before a service charge of about AED 33,500 a year (AED 16.62 per sqft).
  • Three-beds in Princess Tower sold for AED 2,300,000–5,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,608 per sqft.

Source: Dubai Land Department. Updated 5 October 2020.

Questions about 1703, Princess Tower

What did unit 1703 last sell for?

AED 1,565,000 on 5 October 2020: AED 777 per sqft for 2,014 sqft. The unit has 5 registered sales; the first was AED 3,185,042 in December 2009.

What is the rent for unit 1703?

AED 170,000 a year on the contract signed on 10 May 2018. The previous contract, from April 2017, was AED 189,000; the unit has been rented since September 2013.

How big is unit 1703?

2,014 sqft (187.1 sqm): a three-bedroom apartment on the 17th floor of a 96-storey tower completed in 2012.

What is unit 1703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Princess Tower sold for AED 2,300,000 to 5,300,000 in the last 12 months, around AED 1,632 per sqft.

Selling 1703? 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 1703, Princess Tower

Starts from the last sale price (AED 1.57M, 5 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,565,000
Deposit, UAE resident (20%)
AED 313,000
Deposit, non-resident (40%)
AED 626,000
Monthly over 25 years at 3.7%
AED 6,403

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