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1-bed · 862 sqftSparkle Tower A, Dubai Marina · 24th floor · completed 2019

1-2406, Sparkle Tower A

Sold prices and rental history: sold twice, last in June 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1-2406 · DLD and Ejari recordsUpdated 22 June 2022
Last soldAED 1.5M22 June 2022
Current rentAED 80K /yr5 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1-2406, Sparkle Tower A

What is 1-2406 worth today?

Last sold for AED 1,500,000 in 2022

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22 Jun 2022SoldReady
AED 1,500,000AED 1,739 per sqft
5 Mar 2022RentedRenewal
AED 80,000/yr12 months · AED 93 per sqft
5 Mar 2021RentedNew contract
AED 80,000/yr12 months · AED 93 per sqft
2 Feb 2021Sold by developerReady
AED 1,300,000AED 1,507 per sqft

Source: Dubai Land Department. Updated 22 June 2022.

Key facts

Type
1-bed apartment
Size
862 sqft
Floor
24th of 29
Parking
B3-157
Developer
Tebyan Real Estate Development Enterprises
Completed
2019
Service charge
AED 12,500 /yr
Last sold
AED 1.5M · June 2022
Building
Sparkle Tower A

About 1-2406, Sparkle Tower A

1-2406 is a one-bedroom apartment of 862 sqft on the 24th 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 22 June 2022 for AED 1,500,000, or AED 1,739 per sqft, in line with the AED 1,739 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 5 March 2022, is AED 80,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 12,500 a year.

Sales and rents for 1-2406 over time

Sales
Unit 1-2406, 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, February 2021: AED 1,300,000 (AED 1,507 per sqft)Sold, June 2022: AED 1,500,000 (AED 1,739 per sqft)

1-2406 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1-2406, 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, March 2021: AED 80,000 a yearRenewal, March 2022: AED 80,000 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 1-2406 sits

All 100 1-beds →

1-2406 last sold in June 2022 at AED 1,739 per sqft, in line with what one-beds in Sparkle Tower A were fetching at the time (AED 1,739). 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. 1-2406's AED 80,000 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 24th floor

All 217 units in Sparkle Tower A
Value
1-24013-bedAED 4.41M · May 2015
1-24023-bedAED 4.41M · May 2015
1-24031-bedAED 1.62M · Jun 2022
1-24043-bedAED 2.91M · Jun 2022
1-24053-bedAED 2.92M · Jul 2022

1-2406, Sparkle Tower A in numbers

  • Sold twice: first on 2 February 2021 for AED 1,300,000, last on 22 June 2022 for AED 1,500,000 (AED 1,739 per sqft).
  • Rented since March 2021 on 2 Ejari contracts, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2022 price is 5.3%, 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 22 June 2022.

Questions about 1-2406, Sparkle Tower A

What did unit 1-2406 last sell for?

AED 1,500,000 on 22 June 2022: AED 1,739 per sqft for 862 sqft. The unit has 2 registered sales; the first was AED 1,300,000 in February 2021.

What is the rent for unit 1-2406?

AED 80,000 a year on the contract renewed on 5 March 2022. The previous contract, from March 2021, was AED 80,000.

How big is unit 1-2406?

862 sqft (80.1 sqm): a one-bedroom apartment on the 24th floor of a 29-storey tower completed in 2019.

What is unit 1-2406 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 1-2406, Sparkle Tower A

Starts from the last sale price (AED 1.5M, 22 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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