1-bed · 722 sqftWest Avenue Residential Tower, Dubai Marina · 15th floor · completed 2014

1506, West Avenue Residential Tower

Sold prices and rental history: sold twice, last in December 2014, and rented once, from August 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 15 August 2017
Last soldAED 1.04M9 December 2014
Current rentAED 87K /yr15 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, West Avenue Residential Tower

What is 1506 worth today?

Last sold for AED 1,041,291 in 2014

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15 Aug 2017RentedNew contract
AED 87,000/yr12 months · AED 121 per sqft
9 Dec 2014SoldReady
AED 1,041,291AED 1,441 per sqft
15 Apr 2013Sold by developerOff-plan
AED 1,041,291AED 1,441 per sqft

Source: Dubai Land Department. Updated 15 August 2017.

Key facts

Type
1-bed apartment
Size
722 sqft
Floor
15th of 34
Parking
B2-91
Developer
West Avenue
Completed
2014
Service charge
AED 14,200 /yr
Last sold
AED 1.04M · December 2014

About 1506, West Avenue Residential Tower

1506 is a one-bedroom apartment of 722 sqft on the 15th floor of West Avenue Residential Tower, a 34-storey tower in Dubai Marina completed in 2014 by West Avenue. It last sold on 9 December 2014 for AED 1,041,291, or AED 1,441 per sqft, 11% below the AED 1,611 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 August 2017. The current contract, signed on 15 August 2017, is AED 87,000 a year: a gross yield of 8.4% on the 2014 price, before the service charge of about AED 14,200 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical one-bed in West Avenue Residential Tower
1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,139,824; 2014 AED 1,185,817; 2015 AED 1,585,375; 2016 AED 1,315,000; 2017 AED 1,525,000; 2018 AED 1,210,000; 2019 AED 1,037,500; 2020 AED 942,500; 2021 AED 1,012,500; 2022 AED 1,172,500; 2023 AED 1,265,000; 2024 AED 1,400,000; 2025 AED 1,420,000; 2026 AED 1,450,000Sold by developer, April 2013: AED 1,041,291 (AED 1,441 per sqft)Sold, December 2014: AED 1,041,291 (AED 1,441 per sqft)

1506 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1506, each contractTypical one-bed in West Avenue Residential Tower
80K100K2014201820222026Typical rent by year: 2014 AED 107,500; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 103,500; 2018 AED 95,000; 2019 AED 85,000; 2020 AED 70,000; 2021 AED 68,000; 2022 AED 75,000; 2023 AED 84,000; 2024 AED 97,000; 2025 AED 97,000; 2026 AED 85,000New contract, August 2017: AED 87,000 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 West Avenue Residential Tower, and where 1506 sits

All 150 1-beds →

1506 last sold in December 2014 at AED 1,441 per sqft, 11% below what one-beds in West Avenue Residential Tower were fetching at the time (AED 1,611). Over the last 12 months one-beds sold for AED 1,226,899 to 1,650,000, around AED 2,022 per sqft, and rent for AED 60,000 to 137,000 a year. 1506's AED 87,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 20261,300,000
25 Sep 20261,226,899
24 Sep 20261,600,000
27 Jul 202610,437
10 1-bed sales in the last 12 months

West Avenue Residential Tower

Building

271 apartments, studios to 4-bed over 34 floors in Dubai Marina, completed in 2014 by West Avenue. 17 sold in the last 12 months.

Typical price per sqft
AED 2,063 Up 9.1%
Typical sale
AED 1.45M
Typical rent
AED 90K /yr
Typical yield
5.8%
West Avenue Residential Tower, Dubai Marina: prices, sales and rents →
Value
15011-bedAED 1.35M · Jan 2024
15021-bedAED 1.04M · Dec 2014
15031-bedAED 1.3M · May 2023
15042-bedAED 1.85M · Dec 2018
15052-bedAED 2.09M · Dec 2014
15071-bedAED 1.26M · Jan 2023
15082-bedAED 1.75M · Jun 2017
1–7 of 8

1506, West Avenue Residential Tower in numbers

  • Sold twice: first on 15 April 2013 for AED 1,041,291, last on 9 December 2014 for AED 1,041,291 (AED 1,441 per sqft).
  • Rented since August 2017 on one Ejari contract, at AED 87,000 a year.
  • At AED 87,000 a year the gross yield on the 2014 price is 8.4%, before a service charge of about AED 14,200 a year (AED 19.72 per sqft).
  • One-beds in West Avenue Residential Tower sold for AED 1,226,899–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 2,063 per sqft.

Source: Dubai Land Department. Updated 15 August 2017.

Questions about 1506, West Avenue Residential Tower

What did unit 1506 last sell for?

AED 1,041,291 on 9 December 2014: AED 1,441 per sqft for 722 sqft. The unit has 2 registered sales; the first was AED 1,041,291 in April 2013.

What is the rent for unit 1506?

AED 87,000 a year on the contract signed on 15 August 2017.

How big is unit 1506?

722 sqft (67.1 sqm): a one-bedroom apartment on the 15th floor of a 34-storey tower completed in 2014.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in West Avenue Residential Tower sold for AED 1,226,899 to 1,650,000 in the last 12 months, around AED 2,022 per sqft.

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Mortgage on 1506, West Avenue Residential Tower

Starts from the last sale price (AED 1.04M, 9 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,041,291
Deposit, UAE resident (20%)
AED 208,258
Deposit, non-resident (40%)
AED 416,516
Monthly over 25 years at 3.7%
AED 4,260

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