2-bed · 1,594 sqftThe Point, Dubai Marina · 17th floor · completed 2009

1706, The Point

Sold prices and rental history: sold 4 times, last in April 2022, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 1 April 2022
Last soldAED 1.85M1 April 2022
Current rentAED 30K /yr13 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, The Point

What is 1706 worth today?

Last sold for AED 1,850,000 in 2022

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1 Apr 2022SoldReady
AED 1,850,000AED 1,160 per sqft
13 Dec 2020RentedNew contract · flagged as an outlier
AED 30,000/yr12 months · AED 19 per sqft
29 Oct 2013SoldReady
AED 2,150,000AED 1,348 per sqft
27 Dec 2012RentedNew contract
AED 135,000/yr12 months · AED 85 per sqft
17 Aug 2010SoldReady
AED 1,867,948AED 1,171 per sqft
21 Apr 2009Sold by developerOff-plan
AED 1,867,948AED 1,171 per sqft

Source: Dubai Land Department. Updated 1 April 2022.

Key facts

Type
2-bed apartment
Size
1,594 sqft
Floor
17th of 27
Parking
B1-146
Developer
Point Development
Completed
2009
Service charge
AED 38,000 /yr
Last sold
AED 1.85M · April 2022
Building
The Point

About 1706, The Point

1706 is a two-bedroom apartment of 1,594 sqft on the 17th floor of The Point, a 27-storey tower in Dubai Marina completed in 2009 by Point Development. It last sold on 1 April 2022 for AED 1,850,000, or AED 1,160 per sqft, in line with the AED 1,127 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 13 December 2020, is AED 30,000 a year: a gross yield of 1.6% on the 2022 price, before the service charge of about AED 38,000 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, each saleTypical two-bed in The Point
1M2M3M2009201420192024Typical sale price by year: 2009 AED 1,764,950; 2010 AED 1,342,918; 2011 AED 1,337,634; 2012 AED 1,725,000; 2013 AED 1,986,600; 2017 AED 1,580,000; 2018 AED 1,662,500; 2020 AED 1,220,000; 2021 AED 1,312,500; 2022 AED 1,640,000; 2024 AED 2,200,000; 2025 AED 2,750,000Sold by developer, April 2009: AED 1,867,948 (AED 1,171 per sqft)Sold, August 2010: AED 1,867,948 (AED 1,171 per sqft)Sold, October 2013: AED 2,150,000 (AED 1,348 per sqft)Sold, April 2022: AED 1,850,000 (AED 1,160 per sqft)

1706 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1706, each contractTypical two-bed in The Point
100K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 110,000; 2014 AED 135,000; 2015 AED 135,000; 2016 AED 137,800; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 82,500; 2022 AED 100,000; 2023 AED 112,650; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 128,708New contract, December 2012: AED 135,000 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 The Point, and where 1706 sits

All 52 2-beds →

1706 last sold in April 2022 at AED 1,160 per sqft, in line with what two-beds in The Point were fetching at the time (AED 1,127). Over the last 12 months two-beds sold for AED 2,200,000 to 3,000,000, around AED 1,815 per sqft, and rent for AED 102,000 to 200,000 a year. 1706's AED 30,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Aug 20262,200,000
10 Apr 20263,000,000
27 Nov 20252,820,000
21 Nov 20252,200,000
4 2-bed sales in the last 12 months

The Point

Building

188 apartments, studios to 4-bed over 27 floors in Dubai Marina, completed in 2009 by Point Development. 17 sold in the last 12 months.

Typical price per sqft
AED 2,035 Up 3.8%
Typical sale
AED 1.73M
Typical rent
AED 90K /yr
Typical yield
5.5%
The Point, Dubai Marina: prices, sales and rents →

Other units on the 17th floor

All 188 units in The Point
Value
17012-bedAED 2.05M · Oct 2013
17021-bedAED 1.65M · Apr 2026
17032-bedAED 1.58M · Jun 2015
17042-bedAED 1.3M · Jun 2021
17051-bedAED 1.18M · Nov 2016

1706, The Point in numbers

  • Sold 4 times: first on 21 April 2009 for AED 1,867,948, last on 1 April 2022 for AED 1,850,000 (AED 1,160 per sqft).
  • Rented since December 2012 on 2 Ejari contracts, from AED 135,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2022 price is 1.6%, before a service charge of about AED 38,000 a year (AED 23.83 per sqft).
  • Two-beds in The Point sold for AED 2,200,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,035 per sqft.

Source: Dubai Land Department. Updated 1 April 2022.

Questions about 1706, The Point

What did unit 1706 last sell for?

AED 1,850,000 on 1 April 2022: AED 1,160 per sqft for 1,594 sqft. The unit has 4 registered sales; the first was AED 1,867,948 in April 2009.

What is the rent for unit 1706?

AED 30,000 a year on the contract signed on 13 December 2020. The previous contract, from December 2012, was AED 135,000.

How big is unit 1706?

1,594 sqft (148.1 sqm): a two-bedroom apartment on the 17th floor of a 27-storey tower completed in 2009.

What is unit 1706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Point sold for AED 2,200,000 to 3,000,000 in the last 12 months, around AED 1,815 per sqft.

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Mortgage on 1706, The Point

Starts from the last sale price (AED 1.85M, 1 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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