1-bed · 758 sqftThe Point, Dubai Marina · 4th floor · completed 2009

401, The Point

Sold prices and rental history: sold 3 times, last in September 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 14 June 2020
Last soldAED 820K24 September 2012
Current rentAED 60K /yr14 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, The Point

What is 401 worth today?

Last sold for AED 820,000 in 2012

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14 Jun 2020RentedNew contract
AED 60,000/yr12 months · AED 79 per sqft
1 May 2019RentedRenewal
AED 75,000/yr12 months · AED 99 per sqft
1 May 2018RentedNew contract
AED 85,000/yr12 months · AED 112 per sqft
1 Apr 2017RentedNew contract
AED 95,000/yr12 months · AED 125 per sqft
1 Apr 2016RentedRenewal
AED 95,000/yr12 months · AED 125 per sqft
1 Apr 2015RentedNew contract
AED 95,000/yr12 months · AED 125 per sqft
23 Mar 2013RentedNew contract
AED 65,000/yr12 months · AED 86 per sqft
24 Sep 2012SoldReady
AED 820,000AED 1,081 per sqft

Source: Dubai Land Department. Updated 14 June 2020.

Key facts

Type
1-bed apartment
Size
758 sqft
Floor
4th of 27
Parking
B3-44
Developer
Point Development
Completed
2009
Service charge
AED 18,100 /yr
Last sold
AED 820K · September 2012
Building
The Point

About 401, The Point

401 is a one-bedroom apartment of 758 sqft on the 4th floor of The Point, a 27-storey tower in Dubai Marina completed in 2009 by Point Development. It last sold on 24 September 2012 for AED 820,000, or AED 1,081 per sqft, 3% below the AED 1,115 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 14 June 2020, is AED 60,000 a year: a gross yield of 7.3% on the 2012 price, before the service charge of about AED 18,100 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical one-bed in The Point
1M1.5M2009201420192024Typical sale price by year: 2009 AED 917,215; 2010 AED 894,248; 2011 AED 946,944; 2012 AED 840,000; 2013 AED 1,060,000; 2014 AED 1,450,000; 2015 AED 1,350,000; 2016 AED 1,212,500; 2017 AED 1,200,000; 2018 AED 1,221,015; 2019 AED 950,000; 2020 AED 734,800; 2021 AED 875,000; 2022 AED 1,172,500; 2023 AED 1,250,000; 2024 AED 1,487,500; 2025 AED 1,585,000; 2026 AED 1,625,000Sold by developer, January 2009: AED 983,155 (AED 1,296 per sqft)Sold, January 2011: AED 983,155 (AED 1,296 per sqft)Sold, September 2012: AED 820,000 (AED 1,081 per sqft)

401 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 401, each contractTypical one-bed in The Point
60K80K100K20112015201920232027Typical rent by year: 2011 AED 70,000; 2012 AED 68,250; 2013 AED 73,500; 2014 AED 88,000; 2015 AED 94,500; 2016 AED 92,750; 2017 AED 90,000; 2018 AED 85,000; 2019 AED 80,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 68,200; 2023 AED 75,000; 2024 AED 90,300; 2025 AED 90,000; 2026 AED 90,000New contract, March 2013: AED 65,000 a yearNew contract, April 2015: AED 95,000 a yearRenewal, April 2016: AED 95,000 a yearNew contract, April 2017: AED 95,000 a yearNew contract, May 2018: AED 85,000 a yearRenewal, May 2019: AED 75,000 a yearNew contract, June 2020: AED 60,000 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 The Point, and where 401 sits

All 104 1-beds →

401 last sold in September 2012 at AED 1,081 per sqft, 3% below what one-beds in The Point were fetching at the time (AED 1,115). Over the last 12 months one-beds sold for AED 1,380,000 to 2,000,000, around AED 2,104 per sqft, and rent for AED 47,500 to 128,000 a year. 401's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Sep 20261,650,000
7 Aug 20261,500,000
26 Jun 20261,600,000
17 Jun 20261,500,000
10 1-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 4th floor

All 188 units in The Point
Value
4021-bedAED 1.5M · Jan 2023
4031-bedAED 886K · Jan 2011
404StudioAED 580K · Nov 2018
4051-bedAED 1.3M · Apr 2019
4061-bedAED 1.15M · Jun 2013
407StudioAED 950K · Oct 2026
4081-bedAED 1.52M · Aug 2014
1–7 of 9

401, The Point in numbers

  • Sold 3 times: first on 27 January 2009 for AED 983,155, last on 24 September 2012 for AED 820,000 (AED 1,081 per sqft).
  • Rented since March 2013 on 7 Ejari contracts, from AED 65,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2012 price is 7.3%, before a service charge of about AED 18,100 a year (AED 23.83 per sqft).
  • One-beds in The Point sold for AED 1,380,000–2,000,000 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 14 June 2020.

Questions about 401, The Point

What did unit 401 last sell for?

AED 820,000 on 24 September 2012: AED 1,081 per sqft for 758 sqft. The unit has 3 registered sales; the first was AED 983,155 in January 2009.

What is the rent for unit 401?

AED 60,000 a year on the contract signed on 14 June 2020. The previous contract, from May 2019, was AED 75,000; the unit has been rented since March 2013.

How big is unit 401?

758 sqft (70.4 sqm): a one-bedroom apartment on the 4th floor of a 27-storey tower completed in 2009.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Point sold for AED 1,380,000 to 2,000,000 in the last 12 months, around AED 2,104 per sqft.

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Mortgage on 401, The Point

Starts from the last sale price (AED 820K, 24 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

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