2-bed · 1,536 sqftStella Maris Tower, Dubai Marina · 16th floor · completed 2022

1607, Stella Maris Tower

Sold prices and rental history: sold once, by the developer in February 2022, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1607 · DLD and Ejari recordsUpdated 20 December 2022
Last soldAED 1.95M17 February 2022
Current rentAED 10K /yr20 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1607, Stella Maris Tower

What is 1607 worth today?

Last sold for AED 1,948,766 in 2022

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20 Dec 2022RentedNew contract · flagged as an outlier
AED 10,000/yr12 months · AED 6 per sqft
17 Feb 2022Sold by developerOff-plan
AED 1,948,766AED 1,268 per sqft

Source: Dubai Land Department. Updated 20 December 2022.

Key facts

Type
2-bed apartment
Size
1,536 sqft
Floor
16th of 50
Parking
B4-72
Developer
Scope Investment
Completed
2022
Service charge
AED 25,500 /yr
Last sold
AED 1.95M · February 2022

About 1607, Stella Maris Tower

1607 is a two-bedroom apartment of 1,536 sqft on the 16th floor of Stella Maris Tower, a 50-storey tower in Dubai Marina completed in 2022 by Scope Investment. The developer sold it on 17 February 2022 for AED 1,948,766, or AED 1,268 per sqft, 23% below the AED 1,643 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 December 2022. The current contract, signed on 20 December 2022, is AED 10,000 a year: a gross yield of 0.5% on the 2022 price, before the service charge of about AED 25,500 a year.

Sales and rents for 1607 over time

Sales
Unit 1607, each saleTypical two-bed in Stella Maris Tower
2M3M4M2021202320252027Typical sale price by year: 2021 AED 2,718,158; 2022 AED 2,954,000; 2023 AED 3,700,000; 2024 AED 3,850,000; 2025 AED 4,024,000; 2026 AED 3,950,000Sold by developer, February 2022: AED 1,948,766 (AED 1,268 per sqft)

1607 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1607, each contractTypical two-bed in Stella Maris Tower
200K220K202220242026Typical rent by year: 2022 AED 190,000; 2023 AED 215,000; 2024 AED 222,500; 2025 AED 230,090; 2026 AED 200,000

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

2-beds in Stella Maris Tower, and where 1607 sits

All 151 2-beds →

1607 last sold in February 2022 at AED 1,268 per sqft, 23% below what two-beds in Stella Maris Tower were fetching at the time (AED 1,643). Over the last 12 months two-beds sold for AED 3,350,000 to 4,600,000, around AED 2,361 per sqft, and rent for AED 80,000 to 400,000 a year. 1607's AED 10,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20263,500,000
8 Jun 20263,850,000
2 Apr 20264,600,000
16 Mar 20263,350,000
11 2-bed sales in the last 12 months

Stella Maris Tower

Building

294 apartments, 1-bed to 4-bed over 50 floors in Dubai Marina, completed in 2022 by Scope Investment. 19 sold in the last 12 months.

Typical price per sqft
AED 2,458 Down 3.7%
Typical sale
AED 3.85M
Typical rent
AED 180K /yr
Typical yield
5.5%
Stella Maris Tower, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 294 units in Stella Maris Tower
Value
16011-bedAED 2.16M · Jun 2022
16021-bedAED 2.33M · May 2022
16031-bedAED 2.34M · Jul 2026
16041-bedAED 2.35M · Apr 2022
16051-bedAED 2.15M · Mar 2022
16062-bedAED 3.65M · Jan 2023
16082-bedAED 2.63M · Feb 2022

1607, Stella Maris Tower in numbers

  • Sold once: by Scope Investment on 17 February 2022 for AED 1,948,766, or AED 1,268 per sqft.
  • Rented since December 2022 on one Ejari contract, at AED 10,000 a year.
  • At AED 10,000 a year the gross yield on the 2022 price is 0.5%, before a service charge of about AED 25,500 a year (AED 16.63 per sqft).
  • Two-beds in Stella Maris Tower sold for AED 3,350,000–4,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,458 per sqft.

Source: Dubai Land Department. Updated 20 December 2022.

Questions about 1607, Stella Maris Tower

What did unit 1607 last sell for?

AED 1,948,766 on 17 February 2022, sold by the developer: AED 1,268 per sqft for 1,536 sqft. It is the only registered sale of the unit.

What is the rent for unit 1607?

AED 10,000 a year on the contract signed on 20 December 2022.

How big is unit 1607?

1,536 sqft (142.7 sqm): a two-bedroom apartment on the 16th floor of a 50-storey tower completed in 2022.

What is unit 1607 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Stella Maris Tower sold for AED 3,350,000 to 4,600,000 in the last 12 months, around AED 2,361 per sqft.

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Mortgage on 1607, Stella Maris Tower

Starts from the last sale price (AED 1.95M, 17 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,948,766
Deposit, UAE resident (20%)
AED 389,753
Deposit, non-resident (40%)
AED 779,506
Monthly over 25 years at 3.7%
AED 7,973

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