3-bed · 1,870 sqftSparkle Tower A, Dubai Marina · 23rd floor · completed 2019

1-2302, Sparkle Tower A

Sold prices and rental history: sold twice, last in October 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1-2302 · DLD and Ejari recordsUpdated 12 October 2022
Last soldAED 3M12 October 2022
Current rentAED 182K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1-2302, Sparkle Tower A

What is 1-2302 worth today?

Last sold for AED 3,000,000 in 2022

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12 Oct 2022SoldReady
AED 3,000,000AED 1,604 per sqft
1 Oct 2022RentedNew contract
AED 181,500/yr12 months · AED 97 per sqft
1 Oct 2019RentedNew contract
AED 160,000/yr12 months · AED 85 per sqft
22 Mar 2016Sold by developerOff-plan
AED 4,016,192AED 2,147 per sqft

Source: Dubai Land Department. Updated 12 October 2022.

Key facts

Type
3-bed apartment
Size
1,870 sqft
Floor
23rd of 29
Parking
B1-70 , B1-71
Developer
Tebyan Real Estate Development Enterprises
Completed
2019
Service charge
AED 27,200 /yr
Last sold
AED 3M · October 2022

About 1-2302, Sparkle Tower A

1-2302 is a three-bedroom apartment of 1,870 sqft on the 23rd floor of Sparkle Tower A, a 29-storey tower in Dubai Marina completed in 2019 by Tebyan Real Estate Development Enterprises. It last sold on 12 October 2022 for AED 3,000,000, or AED 1,604 per sqft, 4% above the AED 1,549 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 October 2022, is AED 181,500 a year: a gross yield of 6.0% on the 2022 price, before the service charge of about AED 27,200 a year.

Sales and rents for 1-2302 over time

Sales
Unit 1-2302, each saleTypical three-bed in Sparkle Tower A
3M4M2015201820212024Typical sale price by year: 2015 AED 3,819,894; 2016 AED 4,016,192; 2021 AED 2,760,000; 2022 AED 2,905,000; 2024 AED 3,764,300; 2025 AED 4,000,000Sold by developer, March 2016: AED 4,016,192 (AED 2,147 per sqft)Sold, October 2022: AED 3,000,000 (AED 1,604 per sqft)

1-2302 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1-2302, each contractTypical three-bed in Sparkle Tower A
150K200K20192021202320252027Typical rent by year: 2019 AED 141,000; 2020 AED 142,000; 2021 AED 144,000; 2022 AED 150,000; 2023 AED 210,000; 2024 AED 212,500; 2025 AED 220,500; 2026 AED 215,250New contract, October 2019: AED 160,000 a yearNew contract, October 2022: AED 181,500 a year

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

3-beds in Sparkle Tower A, and where 1-2302 sits

All 28 3-beds →

1-2302 last sold in October 2022 at AED 1,604 per sqft, 4% above what three-beds in Sparkle Tower A were fetching at the time (AED 1,549). Over the last 12 months three-beds sold for AED 4,000,000, around AED 2,139 per sqft, and rent for AED 170,000 to 270,000 a year. 1-2302's AED 181,500 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Nov 20254,000,000
4 Jun 20254,000,000
25 Apr 20254,300,000
24 Feb 20253,875,000
1 3-bed sale in the last 12 months

Sparkle Tower A

Building

217 apartments, studios to 4-bed over 29 floors in Dubai Marina, completed in 2019 by Tebyan Real Estate Development Enterprises. 11 sold in the last 12 months.

Typical price per sqft
AED 2,312 Up 10.9%
Typical sale
AED 2.45M
Typical rent
AED 125K /yr
Typical yield
5.1%
Sparkle Tower A, Dubai Marina: prices, sales and rents →

Other units on the 23rd floor

All 217 units in Sparkle Tower A
Value
1-23013-bedAED 2.88M · May 2022
1-23031-bedAED 1.32M · Jan 2021
1-23043-bedAED 2.91M · Jun 2022
1-23053-bedAED 2.83M · Feb 2022
1-23061-bedAED 1.49M · Aug 2020

1-2302, Sparkle Tower A in numbers

  • Sold twice: first on 22 March 2016 for AED 4,016,192, last on 12 October 2022 for AED 3,000,000 (AED 1,604 per sqft).
  • Rented since October 2019 on 2 Ejari contracts, from AED 160,000 to AED 181,500 a year.
  • At AED 181,500 a year the gross yield on the 2022 price is 6.0%, before a service charge of about AED 27,200 a year (AED 14.54 per sqft).
  • Three-beds in Sparkle Tower A sold for AED 4,000,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,312 per sqft.

Source: Dubai Land Department. Updated 12 October 2022.

Questions about 1-2302, Sparkle Tower A

What did unit 1-2302 last sell for?

AED 3,000,000 on 12 October 2022: AED 1,604 per sqft for 1,870 sqft. The unit has 2 registered sales; the first was AED 4,016,192 in March 2016.

What is the rent for unit 1-2302?

AED 181,500 a year on the contract signed on 1 October 2022. The previous contract, from October 2019, was AED 160,000.

How big is unit 1-2302?

1,870 sqft (173.7 sqm): a three-bedroom apartment on the 23rd floor of a 29-storey tower completed in 2019.

What is unit 1-2302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sparkle Tower A sold for AED 4,000,000 to 4,000,000 in the last 12 months, around AED 2,139 per sqft.

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Mortgage on 1-2302, Sparkle Tower A

Starts from the last sale price (AED 3M, 12 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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