1-bed · 786 sqftThe Point, Dubai Marina · 9th floor · completed 2009

902, The Point

Sold prices and rental history: sold 3 times, last in July 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 29 July 2020
Last soldAED 690K29 July 2020
Current rentAED 70K /yr1 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, The Point

What is 902 worth today?

Last sold for AED 690,000 in 2020

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29 Jul 2020SoldReady
AED 690,000AED 877 per sqft
1 May 2019RentedNew contract
AED 70,000/yr12 months · AED 89 per sqft
23 Nov 2017RentedRenewal
AED 95,377/yr12 months · AED 121 per sqft
23 Nov 2016RentedNew contract
AED 95,377/yr12 months · AED 121 per sqft
23 Nov 2015RentedRenewal
AED 90,950/yr12 months · AED 116 per sqft
23 Nov 2014RentedRenewal
AED 82,900/yr12 months · AED 105 per sqft
23 Nov 2013RentedRenewal
AED 72,400/yr12 months · AED 92 per sqft
23 Nov 2012RentedNew contract
AED 72,400/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 29 July 2020.

Key facts

Type
1-bed apartment
Size
786 sqft
Floor
9th of 27
Parking
B3-25
Developer
Point Development
Completed
2009
Service charge
AED 18,700 /yr
Last sold
AED 690K · July 2020
Building
The Point

About 902, The Point

902 is a one-bedroom apartment of 786 sqft on the 9th floor of The Point, a 27-storey tower in Dubai Marina completed in 2009 by Point Development. It last sold on 29 July 2020 for AED 690,000, or AED 877 per sqft, 9% below the AED 965 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 1 May 2019, is AED 70,000 a year: a gross yield of 10.1% on the 2020 price, before the service charge of about AED 18,700 a year.

Sales and rents for 902 over time

Sales
Unit 902, 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 889,248 (AED 1,131 per sqft)Sold, September 2010: AED 889,248 (AED 1,131 per sqft)Sold, July 2020: AED 690,000 (AED 877 per sqft)

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

Rents
Unit 902, 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, November 2012: AED 72,400 a yearRenewal, November 2013: AED 72,400 a yearRenewal, November 2014: AED 82,900 a yearRenewal, November 2015: AED 90,950 a yearNew contract, November 2016: AED 95,377 a yearRenewal, November 2017: AED 95,377 a yearNew contract, May 2019: AED 70,000 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 902 sits

All 104 1-beds →

902 last sold in July 2020 at AED 877 per sqft, 9% below what one-beds in The Point were fetching at the time (AED 965). 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. 902's AED 70,000 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 9th floor

All 188 units in The Point
Value
9011-bedAED 1.71M · Aug 2014
9031-bedAED 820K · Jun 2012
904StudioAED 560K · May 2021
9051-bedAED 665K · Aug 2020
9061-bedAED 1.2M · May 2016
907StudioAED 600K · Jul 2021
9081-bedAED 1.3M · Nov 2013
1–7 of 9

902, The Point in numbers

  • Sold 3 times: first on 25 January 2009 for AED 889,248, last on 29 July 2020 for AED 690,000 (AED 877 per sqft).
  • Rented since November 2012 on 7 Ejari contracts, from AED 72,400 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2020 price is 10.1%, before a service charge of about AED 18,700 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 29 July 2020.

Questions about 902, The Point

What did unit 902 last sell for?

AED 690,000 on 29 July 2020: AED 877 per sqft for 786 sqft. The unit has 3 registered sales; the first was AED 889,248 in January 2009.

What is the rent for unit 902?

AED 70,000 a year on the contract signed on 1 May 2019. The previous contract, from November 2017, was AED 95,377; the unit has been rented since November 2012.

How big is unit 902?

786 sqft (73.0 sqm): a one-bedroom apartment on the 9th floor of a 27-storey tower completed in 2009.

What is unit 902 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 902, The Point

Starts from the last sale price (AED 690K, 29 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 690,000
Deposit, UAE resident (20%)
AED 138,000
Deposit, non-resident (40%)
AED 276,000
Monthly over 25 years at 3.7%
AED 2,823

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