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3-bed · 1,735 sqftThe Zen Tower, Dubai Marina · 4th floor · completed 2008

402, The Zen Tower

Sold prices and rental history: sold twice, last in February 2012, and rented once, from October 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 1 October 2016
Last soldAED 1.3M20 February 2012
Current rentAED 125K /yr1 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, The Zen Tower

What is 402 worth today?

Last sold for AED 1,300,000 in 2012

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1 Oct 2016RentedNew contract
AED 125,000/yr12 months · AED 72 per sqft
20 Feb 2012SoldReady
AED 1,300,000AED 749 per sqft
2 Aug 2009Sold by developerReady
AED 1,918,182AED 1,105 per sqft

Source: Dubai Land Department. Updated 1 October 2016.

Key facts

Type
3-bed apartment
Size
1,735 sqft
Floor
4th of 15
Parking
B-08
Developer
Wealthcare Investments
Completed
2008
Service charge
AED 30,500 /yr
Last sold
AED 1.3M · February 2012
Building
The Zen Tower

About 402, The Zen Tower

402 is a three-bedroom apartment of 1,735 sqft on the 4th floor of The Zen Tower, a 15-storey tower in Dubai Marina completed in 2008 by Wealthcare Investments. It last sold on 20 February 2012 for AED 1,300,000, or AED 749 per sqft, 27% above the AED 591 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2016. The current contract, signed on 1 October 2016, is AED 125,000 a year: a gross yield of 9.6% on the 2012 price, before the service charge of about AED 30,500 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical three-bed in The Zen Tower
1M1.5M2M2009201320172021Typical sale price by year: 2009 AED 1,450,000; 2010 AED 1,250,000; 2011 AED 823,892; 2012 AED 1,300,000; 2013 AED 1,763,015; 2014 AED 1,463,427; 2021 AED 1,000,000; 2022 AED 1,246,500; 2023 AED 1,550,000Sold by developer, August 2009: AED 1,918,182 (AED 1,105 per sqft)Sold, February 2012: AED 1,300,000 (AED 749 per sqft)

402 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 402, each contractTypical three-bed in The Zen Tower
100K150K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 110,000; 2014 AED 120,000; 2015 AED 123,000; 2016 AED 124,000; 2017 AED 120,000; 2018 AED 118,500; 2020 AED 79,000; 2021 AED 75,000; 2022 AED 86,500; 2023 AED 110,000; 2024 AED 125,000; 2025 AED 145,000; 2026 AED 124,615New contract, October 2016: AED 125,000 a year

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

3-beds in The Zen Tower, and where 402 sits

All 24 3-beds →

402 last sold in February 2012 at AED 749 per sqft, 27% above what three-beds in The Zen Tower were fetching at the time (AED 591). Over the last 12 months three-beds sold for AED 1,550,000 to 1,700,000, around AED 921 per sqft, and rent for AED 50,000 to 155,000 a year. 402's AED 125,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Sep 20261,700,000
17 Nov 20251,550,000
17 Dec 20241,402,000
29 Aug 20241,550,000
2 3-bed sales in the last 12 months

The Zen Tower

Building

67 apartments, 1-bed to 4-bed over 15 floors in Dubai Marina, completed in 2008 by Wealthcare Investments. 5 sold in the last 12 months.

Typical price per sqft
AED 971
Typical sale
AED 1.44M
Typical rent
AED 95K /yr
Typical yield
7.0%
The Zen Tower, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 67 units in The Zen Tower
Value
4013-bedAED 1.55M · Aug 2024
4032-bedAED 1.52M · May 2013
4042-bedAED 1.07M · Jul 2023
4051-bedAED 1.07M · Apr 2015

402, The Zen Tower in numbers

  • Sold twice: first on 2 August 2009 for AED 1,918,182, last on 20 February 2012 for AED 1,300,000 (AED 749 per sqft).
  • Rented since October 2016 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2012 price is 9.6%, before a service charge of about AED 30,500 a year (AED 17.56 per sqft).
  • Three-beds in The Zen Tower sold for AED 1,550,000–1,700,000 in the 12 months to November 2026; the building's median across all types is AED 971 per sqft.

Source: Dubai Land Department. Updated 1 October 2016.

Questions about 402, The Zen Tower

What did unit 402 last sell for?

AED 1,300,000 on 20 February 2012: AED 749 per sqft for 1,735 sqft. The unit has 2 registered sales; the first was AED 1,918,182 in August 2009.

What is the rent for unit 402?

AED 125,000 a year on the contract signed on 1 October 2016.

How big is unit 402?

1,735 sqft (161.2 sqm): a three-bedroom apartment on the 4th floor of a 15-storey tower completed in 2008.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Zen Tower sold for AED 1,550,000 to 1,700,000 in the last 12 months, around AED 921 per sqft.

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Mortgage on 402, The Zen Tower

Starts from the last sale price (AED 1.3M, 20 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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