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2-bed · 1,314 sqftPrincess Tower, Dubai Marina · 7th floor · completed 2012

701, Princess Tower

Sold prices and rental history: sold 4 times, last in February 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 2 February 2016
Last soldAED 1.65M2 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Princess Tower

What is 701 worth today?

Last sold for AED 1,650,000 in 2016

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2 Feb 2016SoldReady
AED 1,650,000AED 1,255 per sqft
27 Sep 2012SoldReady
AED 1,300,000AED 989 per sqft
24 Sep 2012SoldReady
AED 1,180,777AED 898 per sqft
23 Dec 2009Sold by developerOff-plan
AED 1,180,777AED 898 per sqft

Source: Dubai Land Department. Updated 2 February 2016.

Key facts

Type
2-bed apartment
Size
1,314 sqft
Floor
7th of 96
Parking
B6-45
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 21,800 /yr
Last sold
AED 1.65M · February 2016
Building
Princess Tower

About 701, Princess Tower

701 is a two-bedroom apartment of 1,314 sqft on the 7th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 2 February 2016 for AED 1,650,000, or AED 1,255 per sqft, 23% below the AED 1,627 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Princess Tower
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,478,050; 2010 AED 1,670,415; 2011 AED 1,415,390; 2012 AED 1,512,027; 2013 AED 1,750,000; 2014 AED 2,200,000; 2015 AED 2,000,000; 2016 AED 1,800,000; 2017 AED 1,657,500; 2018 AED 1,453,000; 2019 AED 1,190,000; 2020 AED 1,100,000; 2021 AED 1,222,000; 2022 AED 1,525,000; 2023 AED 1,675,000; 2024 AED 2,056,018; 2025 AED 2,150,000; 2026 AED 2,100,000Sold by developer, December 2009: AED 1,180,777 (AED 898 per sqft)Sold, September 2012: AED 1,300,000 (AED 989 per sqft)Sold, September 2012: AED 1,180,777 (AED 898 per sqft)Sold, February 2016: AED 1,650,000 (AED 1,255 per sqft)

701 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 701, each contractTypical two-bed in Princess Tower
100K150K2012201620202024Typical rent by year: 2012 AED 112,000; 2013 AED 115,000; 2014 AED 135,000; 2015 AED 140,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 93,000; 2023 AED 110,250; 2024 AED 128,218; 2025 AED 130,000; 2026 AED 120,000

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

2-beds in Princess Tower, and where 701 sits

All 298 2-beds →

701 last sold in February 2016 at AED 1,255 per sqft, 23% below what two-beds in Princess Tower were fetching at the time (AED 1,627). Over the last 12 months two-beds sold for AED 1,250,000 to 2,600,000, around AED 1,732 per sqft, and rent for AED 50,000 to 252,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Aug 202640,505
10 Aug 2026131,419
3 Aug 20261,800,000
6 May 20262,575,000
13 2-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 7th floor

All 763 units in Princess Tower
Value
7021-bedAED 873K · Dec 2012
7033-bedAED 3.21M · Oct 2024
7042-bedAED 1.24M · Mar 2021
7052-bedAED 1.7M · May 2013
7063-bedAED 3.09M · Oct 2016
7071-bedAED 1.27M · Apr 2024
7082-bedAED 863K · Apr 2017
1–7 of 9

701, Princess Tower in numbers

  • Sold 4 times: first on 23 December 2009 for AED 1,180,777, last on 2 February 2016 for AED 1,650,000 (AED 1,255 per sqft).
  • Two-beds in Princess Tower sold for AED 1,250,000–2,600,000 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 2 February 2016.

Questions about 701, Princess Tower

What did unit 701 last sell for?

AED 1,650,000 on 2 February 2016: AED 1,255 per sqft for 1,314 sqft. The unit has 4 registered sales; the first was AED 1,180,777 in December 2009.

How big is unit 701?

1,314 sqft (122.1 sqm): a two-bedroom apartment on the 7th floor of a 96-storey tower completed in 2012.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Princess Tower sold for AED 1,250,000 to 2,600,000 in the last 12 months, around AED 1,732 per sqft.

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Mortgage on 701, Princess Tower

Starts from the last sale price (AED 1.65M, 2 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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