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1-bed · 862 sqftSparkle Tower A, Dubai Marina · 23rd floor · completed 2019

1-2303, Sparkle Tower A

Sold prices and rental history: sold once, by the developer in January 2021, and rented once, from April 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1-2303 · DLD and Ejari recordsUpdated 20 April 2021
Last soldAED 1.32M4 January 2021
Current rentAED 90K /yr20 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1-2303, Sparkle Tower A

What is 1-2303 worth today?

Last sold for AED 1,320,000 in 2021

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20 Apr 2021RentedNew contract
AED 90,000/yr12 months · AED 105 per sqft
4 Jan 2021Sold by developerReady
AED 1,320,000AED 1,530 per sqft

Source: Dubai Land Department. Updated 20 April 2021.

Key facts

Type
1-bed apartment
Size
862 sqft
Floor
23rd of 29
Parking
B3-149
Developer
Tebyan Real Estate Development Enterprises
Completed
2019
Service charge
AED 12,500 /yr
Last sold
AED 1.32M · January 2021
Building
Sparkle Tower A

About 1-2303, Sparkle Tower A

1-2303 is a one-bedroom apartment of 862 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. The developer sold it on 4 January 2021 for AED 1,320,000, or AED 1,530 per sqft, 5% below the AED 1,603 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 April 2021. The current contract, signed on 20 April 2021, is AED 90,000 a year: a gross yield of 6.8% on the 2021 price, before the service charge of about AED 12,500 a year.

Sales and rents for 1-2303 over time

Sales
Unit 1-2303, each saleTypical one-bed in Sparkle Tower A
1.5M2M20152018202120242027Typical sale price by year: 2015 AED 1,830,983; 2016 AED 1,652,048; 2017 AED 1,638,744; 2018 AED 1,254,157; 2019 AED 1,300,000; 2020 AED 1,395,820; 2021 AED 1,350,000; 2022 AED 1,500,000; 2023 AED 1,830,000; 2024 AED 2,000,000; 2025 AED 2,000,000; 2026 AED 2,075,000Sold by developer, January 2021: AED 1,320,000 (AED 1,530 per sqft)

1-2303 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1-2303, each contractTypical one-bed in Sparkle Tower A
80K100K120K20192021202320252027Typical rent by year: 2019 AED 85,000; 2020 AED 78,000; 2021 AED 80,000; 2022 AED 88,000; 2023 AED 108,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 107,500New contract, April 2021: AED 90,000 a year

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

1-beds in Sparkle Tower A, and where 1-2303 sits

All 100 1-beds →

1-2303 last sold in January 2021 at AED 1,530 per sqft, 5% below what one-beds in Sparkle Tower A were fetching at the time (AED 1,603). Over the last 12 months one-beds sold for AED 1,850,000 to 2,450,000, around AED 2,385 per sqft, and rent for AED 62,000 to 140,000 a year. 1-2303's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Sep 20262,450,000
10 Aug 20262,300,000
21 Apr 20262,075,000
26 Feb 20262,050,000
6 1-bed sales 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
1-23023-bedAED 3M · Oct 2022
1-23043-bedAED 2.91M · Jun 2022
1-23053-bedAED 2.83M · Feb 2022
1-23061-bedAED 1.49M · Aug 2020

1-2303, Sparkle Tower A in numbers

  • Sold once: by Tebyan Real Estate Development Enterprises on 4 January 2021 for AED 1,320,000, or AED 1,530 per sqft.
  • Rented since April 2021 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 6.8%, before a service charge of about AED 12,500 a year (AED 14.54 per sqft).
  • One-beds in Sparkle Tower A sold for AED 1,850,000–2,450,000 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 20 April 2021.

Questions about 1-2303, Sparkle Tower A

What did unit 1-2303 last sell for?

AED 1,320,000 on 4 January 2021, sold by the developer: AED 1,530 per sqft for 862 sqft. It is the only registered sale of the unit.

What is the rent for unit 1-2303?

AED 90,000 a year on the contract signed on 20 April 2021.

How big is unit 1-2303?

862 sqft (80.1 sqm): a one-bedroom apartment on the 23rd floor of a 29-storey tower completed in 2019.

What is unit 1-2303 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Sparkle Tower A sold for AED 1,850,000 to 2,450,000 in the last 12 months, around AED 2,385 per sqft.

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Mortgage on 1-2303, Sparkle Tower A

Starts from the last sale price (AED 1.32M, 4 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,320,000
Deposit, UAE resident (20%)
AED 264,000
Deposit, non-resident (40%)
AED 528,000
Monthly over 25 years at 3.7%
AED 5,401

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