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

8702, Princess Tower

Sold prices and rental history: sold 4 times, last in October 2024, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 8702 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 5M10 October 2024
Current rentAED 231K /yr1 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 8702, Princess Tower

What is 8702 worth today?

Last sold for AED 5,001,000 in 2024

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10 Oct 2024SoldReady
AED 5,001,000AED 1,573 per sqft
22 Nov 2016SoldReady
AED 4,016,000AED 1,263 per sqft
1 Jul 2014RentedNew contract
AED 231,000/yr17 months · AED 73 per sqft
1 Jun 2013RentedNew contract
AED 210,000/yr13 months · AED 66 per sqft
27 Dec 2012SoldReady
AED 5,857,359AED 1,842 per sqft
9 Jan 2010Sold by developerOff-plan
AED 5,857,359AED 1,842 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
4-bed apartment
Size
3,179 sqft
Floor
87th of 96
Parking
P1-81,P1-82
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 52,800 /yr
Last sold
AED 5M · October 2024
Building
Princess Tower

About 8702, Princess Tower

8702 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 10 October 2024 for AED 5,001,000, or AED 1,573 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 July 2014, is AED 231,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 52,800 a year.

Sales and rents for 8702 over time

Sales
Unit 8702, 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 5,857,359 (AED 1,842 per sqft)Sold, December 2012: AED 5,857,359 (AED 1,842 per sqft)Sold, November 2016: AED 4,016,000 (AED 1,263 per sqft)Sold, October 2024: AED 5,001,000 (AED 1,573 per sqft)

8702 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 8702, 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, June 2013: AED 210,000 a yearNew contract, July 2014: AED 231,000 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 8702 sits

All 22 4-beds →

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. 8702's AED 231,000 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
87014-bedAED 4.3M · Jan 2013
87032-bedAED 3.1M · Jan 2015
87041-bedAED 1.28M · Jan 2013
87051-bedAED 1.45M · May 2013
87062-bedAED 2.11M · Dec 2012

8702, Princess Tower in numbers

  • Sold 4 times: first on 9 January 2010 for AED 5,857,359, last on 10 October 2024 for AED 5,001,000 (AED 1,573 per sqft).
  • Rented since June 2013 on 2 Ejari contracts, from AED 210,000 to AED 231,000 a year.
  • At AED 231,000 a year the gross yield on the 2024 price is 4.6%, 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 2024.

Questions about 8702, Princess Tower

What did unit 8702 last sell for?

AED 5,001,000 on 10 October 2024: AED 1,573 per sqft for 3,179 sqft. The unit has 4 registered sales; the first was AED 5,857,359 in January 2010.

What is the rent for unit 8702?

AED 231,000 a year on the contract signed on 1 July 2014. The previous contract, from June 2013, was AED 210,000.

How big is unit 8702?

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 8702 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 8702, Princess Tower

Starts from the last sale price (AED 5M, 10 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,001,000
Deposit, UAE resident (20%)
AED 1,000,200
Deposit, non-resident (40%)
AED 2,000,400
Monthly over 25 years at 3.7%
AED 20,461

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