8506, Princess Tower
Sold prices and rental history: sold 5 times, last in February 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 8506, Princess Tower
What is 8506 worth today?
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Source: Dubai Land Department. Updated 19 February 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,765 sqft
- Floor
- 85th of 96
- Parking
- B1-25
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 29,300 /yr
- Last sold
- AED 2.43M · February 2024
- Building
- Princess Tower
About 8506, Princess Tower
8506 is a two-bedroom apartment of 1,765 sqft on the 85th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 19 February 2024 for AED 2,425,000, or AED 1,373 per sqft, 4% below the AED 1,423 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 20 March 2019, is AED 125,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 29,300 a year.
Sales and rents for 8506 over time
8506 has sold 5 times; the dashed line is the two-bed median of each year in the building.
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 8506 sits
All 298 2-beds →8506 last sold in February 2024 at AED 1,373 per sqft, 4% below what two-beds in Princess Tower were fetching at the time (AED 1,423). 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. 8506's AED 125,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Aug 202611 August 2026 | 1,189 sqft | 40,505 | 34 | ||
| 10 Aug 202610 August 2026 | 1,314 sqft | 131,419 | 100 | ||
| 3 Aug 20263 August 2026 | 1,183 sqft | 1,800,000 | 1,522 | ||
| 6 May 20266 May 2026 | 1,733 sqft | 2,575,000 | 1,486 |
Princess Tower
Building763 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%
Other units on the 85th floor
All 763 units in Princess Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 8501 | 4-bed | 3,179 sqft | AED 3.98MAED 3,975,000 · Dec 2012December 2012 | 205,000 /yr | |
| 8502 | 4-bed | 3,179 sqft | AED 4.35MAED 4,350,000 · Mar 2019March 2019 | ||
| 8503 | 2-bed | 1,765 sqft | AED 2.5MAED 2,500,000 · Feb 2013February 2013 | 125,000 /yr | |
| 8504 | 1-bed | 1,062 sqft | AED 1.52MAED 1,523,273 · Dec 2012December 2012 | 80,000 /yr | |
| 8505 | 1-bed | 1,062 sqft | AED 1.27MAED 1,273,075 · Dec 2012December 2012 | 91,350 /yr |
8506, Princess Tower in numbers
- Sold 5 times: first on 12 January 2010 for AED 2,119,079, last on 19 February 2024 for AED 2,425,000 (AED 1,373 per sqft).
- Rented since September 2016 on 4 Ejari contracts, from AED 185,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2024 price is 5.1%, 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 19 February 2024.
Questions about 8506, Princess Tower
What did unit 8506 last sell for?
AED 2,425,000 on 19 February 2024: AED 1,373 per sqft for 1,765 sqft. The unit has 5 registered sales; the first was AED 2,119,079 in January 2010.
What is the rent for unit 8506?
AED 125,000 a year on the contract signed on 20 March 2019. The previous contract, from September 2018, was AED 140,000; the unit has been rented since September 2016.
How big is unit 8506?
1,765 sqft (164.0 sqm): a two-bedroom apartment on the 85th floor of a 96-storey tower completed in 2012.
What is unit 8506 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 8506, Princess Tower
Starts from the last sale price (AED 2.43M, 19 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,425,000
- Deposit, UAE resident (20%)
- AED 485,000
- Deposit, non-resident (40%)
- AED 970,000
- Monthly over 25 years at 3.7%
- AED 9,921
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →