2-bed · 1,477 sqftSparkle Tower A, Dubai Marina · 4th floor · completed 2019

1-402, Sparkle Tower A

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1-402 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 2.85M6 August 2024
Current rentAED 180K /yr4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1-402, Sparkle Tower A

What is 1-402 worth today?

Last sold for AED 2,850,000 in 2024

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4 Oct 2024RentedNew contract
AED 180,000/yr12 months · AED 122 per sqft
4 Oct 2024RentedNew contract
AED 180,000/yr12 months · AED 122 per sqft
6 Aug 2024SoldReady
AED 2,850,000AED 1,930 per sqft
20 Jul 2023RentedRenewal
AED 125,000/yr12 months · AED 85 per sqft
20 Jul 2022RentedNew contract
AED 125,000/yr12 months · AED 85 per sqft
20 Jul 2020RentedNew contract
AED 125,000/yr12 months · AED 85 per sqft
29 Mar 2020Sold by developerReady
AED 2,263,720AED 1,533 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
2-bed apartment
Size
1,477 sqft
Floor
4th of 29
Parking
B3-160
Developer
Tebyan Real Estate Development Enterprises
Completed
2019
Service charge
AED 21,500 /yr
Last sold
AED 2.85M · August 2024

About 1-402, Sparkle Tower A

1-402 is a two-bedroom apartment of 1,477 sqft on the 4th 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 6 August 2024 for AED 2,850,000, or AED 1,930 per sqft, 18% below the AED 2,362 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 4 October 2024, is AED 180,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 21,500 a year.

Sales and rents for 1-402 over time

Sales
Unit 1-402, each saleTypical two-bed in Sparkle Tower A
2M2.5M3M2015201820212024Typical sale price by year: 2015 AED 2,933,950; 2016 AED 2,263,641; 2017 AED 2,441,404; 2019 AED 2,156,575; 2020 AED 2,175,000; 2021 AED 2,040,650; 2022 AED 2,190,000; 2023 AED 3,050,000; 2024 AED 2,975,000; 2025 AED 2,800,000Sold by developer, March 2020: AED 2,263,720 (AED 1,533 per sqft)Sold, August 2024: AED 2,850,000 (AED 1,930 per sqft)

1-402 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1-402, each contractTypical two-bed in Sparkle Tower A
150K20192021202320252027Typical rent by year: 2019 AED 120,000; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 175,000; 2023 AED 180,000; 2024 AED 180,000; 2025 AED 170,000; 2026 AED 160,000New contract, July 2020: AED 125,000 a yearNew contract, July 2022: AED 125,000 a yearRenewal, July 2023: AED 125,000 a yearNew contract, October 2024: AED 180,000 a yearNew contract, October 2024: AED 180,000 a year

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

2-beds in Sparkle Tower A, and where 1-402 sits

All 84 2-beds →

1-402 last sold in August 2024 at AED 1,930 per sqft, 18% below what two-beds in Sparkle Tower A were fetching at the time (AED 2,362). Over the last 12 months two-beds sold for AED 2,850,000 to 3,850,000, around AED 2,167 per sqft, and rent for AED 110,000 to 220,000 a year. 1-402's AED 180,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Sep 20262,850,000
4 Feb 20263,300,000
23 Dec 20253,850,000
15 Dec 20253,150,000
4 2-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 4th floor

All 217 units in Sparkle Tower A
Value
1-4012-bedAED 1.9M · Nov 2020
1-4031-bedAED 1.81M · Mar 2016
1-4041-bedAED 2M · Oct 2023
1-4052-bedAED 2.26M · Apr 2016
1-406StudioAED 960K · May 2015
1-4071-bedAED 1.51M · Oct 2016
1-4081-bedAED 1.53M · Dec 2022

1-402, Sparkle Tower A in numbers

  • Sold twice: first on 29 March 2020 for AED 2,263,720, last on 6 August 2024 for AED 2,850,000 (AED 1,930 per sqft).
  • Rented since July 2020 on 5 Ejari contracts, from AED 125,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 21,500 a year (AED 14.54 per sqft).
  • Two-beds in Sparkle Tower A sold for AED 2,850,000–3,850,000 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 4 October 2024.

Questions about 1-402, Sparkle Tower A

What did unit 1-402 last sell for?

AED 2,850,000 on 6 August 2024: AED 1,930 per sqft for 1,477 sqft. The unit has 2 registered sales; the first was AED 2,263,720 in March 2020.

What is the rent for unit 1-402?

AED 180,000 a year on the contract signed on 4 October 2024. The previous contract, from October 2024, was AED 180,000; the unit has been rented since July 2020.

How big is unit 1-402?

1,477 sqft (137.2 sqm): a two-bedroom apartment on the 4th floor of a 29-storey tower completed in 2019.

What is unit 1-402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sparkle Tower A sold for AED 2,850,000 to 3,850,000 in the last 12 months, around AED 2,167 per sqft.

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Mortgage on 1-402, Sparkle Tower A

Starts from the last sale price (AED 2.85M, 6 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

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