1-bed · 800 sqftThe Point, Dubai Marina · 4th floor · completed 2009

406, The Point

Sold prices and rental history: sold 4 times, last in June 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 22 May 2021
Last soldAED 1.15M16 June 2013
Current rentAED 60K /yr22 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, The Point

What is 406 worth today?

Last sold for AED 1,150,000 in 2013

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22 May 2021RentedRenewal
AED 60,000/yr12 months · AED 75 per sqft
22 May 2020RentedRenewal
AED 60,000/yr12 months · AED 75 per sqft
22 May 2019RentedRenewal
AED 80,000/yr12 months · AED 100 per sqft
22 May 2018RentedNew contract
AED 80,000/yr12 months · AED 100 per sqft
24 Oct 2014RentedNew contract
AED 105,000/yr12 months · AED 132 per sqft
15 Oct 2013RentedNew contract
AED 82,000/yr12 months · AED 103 per sqft
16 Jun 2013SoldReady
AED 1,150,000AED 1,437 per sqft
20 Mar 2013SoldReady
AED 930,429AED 1,163 per sqft

Source: Dubai Land Department. Updated 22 May 2021.

Key facts

Type
1-bed apartment
Size
800 sqft
Floor
4th of 27
Parking
B3-48
Developer
Point Development
Completed
2009
Service charge
AED 19,100 /yr
Last sold
AED 1.15M · June 2013
Building
The Point

About 406, The Point

406 is a one-bedroom apartment of 800 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 16 June 2013 for AED 1,150,000, or AED 1,437 per sqft, 18% above the AED 1,213 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 22 May 2021, is AED 60,000 a year: a gross yield of 5.2% on the 2013 price, before the service charge of about AED 19,100 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, April 2009: AED 930,429 (AED 1,163 per sqft)Sold, August 2010: AED 930,429 (AED 1,163 per sqft)Sold, March 2013: AED 930,429 (AED 1,163 per sqft)Sold, June 2013: AED 1,150,000 (AED 1,437 per sqft)

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

Rents
Unit 406, each contractTypical one-bed in The Point
75K100K20112015201920232027Typical 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, October 2013: AED 82,000 a yearNew contract, October 2014: AED 105,000 a yearNew contract, May 2018: AED 80,000 a yearRenewal, May 2019: AED 80,000 a yearRenewal, May 2020: AED 60,000 a yearRenewal, May 2021: 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 406 sits

All 104 1-beds →

406 last sold in June 2013 at AED 1,437 per sqft, 18% above what one-beds in The Point were fetching at the time (AED 1,213). 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. 406'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
4011-bedAED 820K · Sep 2012
4021-bedAED 1.5M · Jan 2023
4031-bedAED 886K · Jan 2011
404StudioAED 580K · Nov 2018
4051-bedAED 1.3M · Apr 2019
407StudioAED 950K · Oct 2026
4081-bedAED 1.52M · Aug 2014
1–7 of 9

406, The Point in numbers

  • Sold 4 times: first on 2 April 2009 for AED 930,429, last on 16 June 2013 for AED 1,150,000 (AED 1,437 per sqft).
  • Rented since October 2013 on 6 Ejari contracts, from AED 82,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2013 price is 5.2%, before a service charge of about AED 19,100 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 22 May 2021.

Questions about 406, The Point

What did unit 406 last sell for?

AED 1,150,000 on 16 June 2013: AED 1,437 per sqft for 800 sqft. The unit has 4 registered sales; the first was AED 930,429 in April 2009.

What is the rent for unit 406?

AED 60,000 a year on the contract renewed on 22 May 2021. The previous contract, from May 2020, was AED 60,000; the unit has been rented since October 2013.

How big is unit 406?

800 sqft (74.3 sqm): a one-bedroom apartment on the 4th floor of a 27-storey tower completed in 2009.

What is unit 406 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 406, The Point

Starts from the last sale price (AED 1.15M, 16 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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