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4-bed · 3,179 sqftPrincess Tower, Dubai Marina · 87th floor · completed 2012

8701, Princess Tower

Sold prices and rental history: sold 3 times, last in January 2013, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 8701 · DLD and Ejari recordsUpdated 10 October 2021
Last soldAED 4.3M22 January 2013
Current rentAED 280K /yr10 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 8701, Princess Tower

What is 8701 worth today?

Last sold for AED 4,300,000 in 2013

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10 Oct 2021RentedNew contract
AED 280,000/yr12 months · AED 88 per sqft
22 Jan 2013SoldReady
AED 4,300,000AED 1,352 per sqft
2 Jan 2013SoldReady
AED 5,500,000AED 1,729 per sqft
9 Jan 2010Sold by developerOff-plan
AED 5,500,000AED 1,729 per sqft

Source: Dubai Land Department. Updated 10 October 2021.

Key facts

Type
4-bed apartment
Size
3,179 sqft
Floor
87th of 96
Parking
P1-92,P1-93
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 52,800 /yr
Last sold
AED 4.3M · January 2013
Building
Princess Tower

About 8701, Princess Tower

8701 is a four-bedroom apartment of 3,179 sqft on the 87th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 22 January 2013 for AED 4,300,000, or AED 1,352 per sqft, 6% above the AED 1,271 four-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 October 2021. The current contract, signed on 10 October 2021, is AED 280,000 a year: a gross yield of 6.5% on the 2013 price, before the service charge of about AED 52,800 a year.

Sales and rents for 8701 over time

Sales
Unit 8701, each saleTypical four-bed in Princess Tower
4M6M2010201520202025Typical sale price by year: 2010 AED 4,030,000; 2012 AED 4,009,500; 2013 AED 4,275,000; 2014 AED 4,900,000; 2018 AED 3,500,000; 2019 AED 3,200,000; 2021 AED 3,525,000; 2025 AED 6,179,665; 2026 AED 4,100,000Sold by developer, January 2010: AED 5,500,000 (AED 1,729 per sqft)Sold, January 2013: AED 4,300,000 (AED 1,352 per sqft)Sold, January 2013: AED 5,500,000 (AED 1,729 per sqft)

8701 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 8701, each contractTypical four-bed in Princess Tower
200K300K2013201720212025Typical rent by year: 2013 AED 225,000; 2014 AED 240,000; 2015 AED 253,375; 2016 AED 235,000; 2017 AED 225,000; 2018 AED 225,000; 2019 AED 196,500; 2020 AED 173,000; 2021 AED 167,500; 2022 AED 200,000; 2023 AED 270,175; 2024 AED 315,000; 2025 AED 270,000; 2026 AED 300,000New contract, October 2021: AED 280,000 a year

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

4-beds in Princess Tower, and where 8701 sits

All 22 4-beds →

8701 last sold in January 2013 at AED 1,352 per sqft, 6% above what four-beds in Princess Tower were fetching at the time (AED 1,271). Over the last 12 months four-beds sold for AED 4,000,000 to 5,112,750, around AED 1,608 per sqft, and rent for AED 290,000 to 325,000 a year. 8701's AED 280,000 is at the bottom of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
24 Jul 20264,100,000
10 Jul 20265,112,750
26 Feb 20264,000,000
26 Aug 20254,750,000
3 4-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 87th floor

All 763 units in Princess Tower
Value
87024-bedAED 5M · Oct 2024
87032-bedAED 3.1M · Jan 2015
87041-bedAED 1.28M · Jan 2013
87051-bedAED 1.45M · May 2013
87062-bedAED 2.11M · Dec 2012

8701, Princess Tower in numbers

  • Sold 3 times: first on 9 January 2010 for AED 5,500,000, last on 22 January 2013 for AED 4,300,000 (AED 1,352 per sqft).
  • Rented since October 2021 on one Ejari contract, at AED 280,000 a year.
  • At AED 280,000 a year the gross yield on the 2013 price is 6.5%, before a service charge of about AED 52,800 a year (AED 16.62 per sqft).
  • Four-beds in Princess Tower sold for AED 4,000,000–5,112,750 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 2021.

Questions about 8701, Princess Tower

What did unit 8701 last sell for?

AED 4,300,000 on 22 January 2013: AED 1,352 per sqft for 3,179 sqft. The unit has 3 registered sales; the first was AED 5,500,000 in January 2010.

What is the rent for unit 8701?

AED 280,000 a year on the contract signed on 10 October 2021.

How big is unit 8701?

3,179 sqft (295.3 sqm): a four-bedroom apartment on the 87th floor of a 96-storey tower completed in 2012.

What is unit 8701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Princess Tower sold for AED 4,000,000 to 5,112,750 in the last 12 months, around AED 1,608 per sqft.

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Mortgage on 8701, Princess Tower

Starts from the last sale price (AED 4.3M, 22 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

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