2-bed · 1,765 sqftPrincess Tower, Dubai Marina · 84th floor · completed 2012

8406, Princess Tower

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 8406 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 2.9M10 October 2024
Current rentAED 81K /yr8 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 8406, Princess Tower

What is 8406 worth today?

Last sold for AED 2,900,000 in 2024

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10 Oct 2024SoldReady
AED 2,900,000AED 1,642 per sqft
8 Dec 2022RentedRenewal
AED 80,500/yr12 months · AED 46 per sqft
8 Dec 2021RentedRenewal
AED 70,000/yr12 months · AED 40 per sqft
8 Dec 2020RentedNew contract
AED 70,000/yr12 months · AED 40 per sqft
7 Feb 2020RentedRenewal
AED 110,000/yr12 months · AED 62 per sqft
7 Feb 2019RentedRenewal
AED 115,000/yr12 months · AED 65 per sqft
7 Feb 2018RentedNew contract
AED 125,000/yr12 months · AED 71 per sqft
1 Nov 2016RentedNew contract
AED 150,404/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
2-bed apartment
Size
1,765 sqft
Floor
84th of 96
Parking
P1-79
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 29,300 /yr
Last sold
AED 2.9M · October 2024

About 8406, Princess Tower

8406 is a two-bedroom apartment of 1,765 sqft on the 84th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 10 October 2024 for AED 2,900,000, or AED 1,642 per sqft, in line with the AED 1,609 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 8 December 2022, is AED 80,500 a year: a gross yield of 2.8% on the 2024 price, before the service charge of about AED 29,300 a year.

Sales and rents for 8406 over time

Sales
Unit 8406, each saleTypical two-bed in Princess Tower
1M2M3M2009201420192024Typical 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, April 2012: AED 2,338,434 (AED 1,324 per sqft)Sold, December 2012: AED 2,338,434 (AED 1,324 per sqft)Sold, October 2024: AED 2,900,000 (AED 1,642 per sqft)

8406 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 8406, 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 120,000New contract, June 2013: AED 145,000 a yearNew contract, November 2016: AED 150,404 a yearNew contract, February 2018: AED 125,000 a yearRenewal, February 2019: AED 115,000 a yearRenewal, February 2020: AED 110,000 a yearNew contract, December 2020: AED 70,000 a yearRenewal, December 2021: AED 70,000 a yearRenewal, December 2022: AED 80,500 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 Princess Tower, and where 8406 sits

All 298 2-beds →

8406 last sold in October 2024 at AED 1,642 per sqft, in line with what two-beds in Princess Tower were fetching at the time (AED 1,609). 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. 8406's AED 80,500 is in the lower half of that range.

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 84th floor

All 763 units in Princess Tower
Value
84014-bedAED 3.2M · Jun 2019
84024-bedAED 4.1M · Jul 2026
84032-bedAED 1.4M · Jan 2021
84041-bedAED 1.85M · Mar 2026
84051-bedAED 1.27M · Feb 2013

8406, Princess Tower in numbers

  • Sold 3 times: first on 3 April 2012 for AED 2,338,434, last on 10 October 2024 for AED 2,900,000 (AED 1,642 per sqft).
  • Rented since June 2013 on 8 Ejari contracts. The rent fell from AED 145,000 to AED 70,000 in 2021 and recovered to AED 80,500 by December 2022.
  • At AED 80,500 a year the gross yield on the 2024 price is 2.8%, before a service charge of about AED 29,300 a year (AED 16.62 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 10 October 2024.

Questions about 8406, Princess Tower

What did unit 8406 last sell for?

AED 2,900,000 on 10 October 2024: AED 1,642 per sqft for 1,765 sqft. The unit has 3 registered sales; the first was AED 2,338,434 in April 2012.

What is the rent for unit 8406?

AED 80,500 a year on the contract renewed on 8 December 2022. The previous contract, from December 2021, was AED 70,000; the unit has been rented since June 2013.

How big is unit 8406?

1,765 sqft (164.0 sqm): a two-bedroom apartment on the 84th floor of a 96-storey tower completed in 2012.

What is unit 8406 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 8406, Princess Tower

Starts from the last sale price (AED 2.9M, 10 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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