2-bed · 1,258 sqftWest Avenue Residential Tower, Dubai Marina · 23rd floor · completed 2014

2304, West Avenue Residential Tower

Sold prices and rental history: sold 3 times, last in September 2021, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2304 · DLD and Ejari recordsUpdated 19 September 2021
Last soldAED 1.88M19 September 2021
Current rentAED 130K /yr15 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2304, West Avenue Residential Tower

What is 2304 worth today?

Last sold for AED 1,875,000 in 2021

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19 Sep 2021SoldReady
AED 1,875,000AED 1,489 per sqft
15 Aug 2018RentedNew contract
AED 130,000/yr12 months · AED 103 per sqft
3 Apr 2016RentedNew contract
AED 175,000/yr12 months · AED 139 per sqft
9 Dec 2014SoldReady
AED 2,058,582AED 1,635 per sqft
7 Jul 2013Sold by developerOff-plan
AED 2,058,582AED 1,635 per sqft

Source: Dubai Land Department. Updated 19 September 2021.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
23rd of 34
Parking
B1-89
Developer
West Avenue
Completed
2014
Service charge
AED 24,800 /yr
Last sold
AED 1.88M · September 2021

About 2304, West Avenue Residential Tower

2304 is a two-bedroom apartment of 1,258 sqft on the 23rd floor of West Avenue Residential Tower, a 34-storey tower in Dubai Marina completed in 2014 by West Avenue. It last sold on 19 September 2021 for AED 1,875,000, or AED 1,489 per sqft, 28% above the AED 1,159 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 15 August 2018, is AED 130,000 a year: a gross yield of 6.9% on the 2021 price, before the service charge of about AED 24,800 a year.

Sales and rents for 2304 over time

Sales
Unit 2304, each saleTypical two-bed in West Avenue Residential Tower
1M2M2013201720212025Typical sale price by year: 2013 AED 1,981,727; 2014 AED 2,058,582; 2015 AED 2,620,000; 2017 AED 1,950,000; 2018 AED 1,850,000; 2019 AED 1,150,000; 2020 AED 1,295,000; 2021 AED 1,700,000; 2022 AED 1,700,000; 2023 AED 2,200,000; 2024 AED 2,150,000; 2025 AED 2,350,000Sold by developer, July 2013: AED 2,058,582 (AED 1,635 per sqft)Sold, December 2014: AED 2,058,582 (AED 1,635 per sqft)Sold, September 2021: AED 1,875,000 (AED 1,489 per sqft)

2304 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2304, each contractTypical two-bed in West Avenue Residential Tower
100K150K2014201820222026Typical rent by year: 2014 AED 170,000; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 124,615; 2020 AED 100,000; 2021 AED 102,500; 2022 AED 115,000; 2023 AED 135,000; 2024 AED 146,750; 2025 AED 152,125; 2026 AED 140,293New contract, April 2016: AED 175,000 a yearNew contract, August 2018: AED 130,000 a year

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

2-beds in West Avenue Residential Tower, and where 2304 sits

All 96 2-beds →

2304 last sold in September 2021 at AED 1,489 per sqft, 28% above what two-beds in West Avenue Residential Tower were fetching at the time (AED 1,159). Over the last 12 months two-beds sold for AED 2,750,000, around AED 2,063 per sqft, and rent for AED 50,000 to 195,000 a year. 2304's AED 130,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Aug 202639,104
5 Aug 202629,858
15 Jan 20262,750,000
8 Jan 202682,903
5 2-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
23011-bedAED 1.8M · Nov 2014
23021-bedAED 1.52M · Sep 2015
23031-bedAED 1.41M · Jun 2018
23052-bedAED 2.45M · Sep 2024
23061-bedAED 1.4M · Jul 2024
23071-bedAED 1.17M · Apr 2022
23082-bedAED 1.83M · Dec 2014
1–7 of 8

2304, West Avenue Residential Tower in numbers

  • Sold 3 times: first on 7 July 2013 for AED 2,058,582, last on 19 September 2021 for AED 1,875,000 (AED 1,489 per sqft).
  • Rented since April 2016 on 2 Ejari contracts, from AED 175,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 6.9%, before a service charge of about AED 24,800 a year (AED 19.72 per sqft).
  • Two-beds in West Avenue Residential Tower sold for AED 2,750,000–2,750,000 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 19 September 2021.

Questions about 2304, West Avenue Residential Tower

What did unit 2304 last sell for?

AED 1,875,000 on 19 September 2021: AED 1,489 per sqft for 1,258 sqft. The unit has 3 registered sales; the first was AED 2,058,582 in July 2013.

What is the rent for unit 2304?

AED 130,000 a year on the contract signed on 15 August 2018. The previous contract, from April 2016, was AED 175,000.

How big is unit 2304?

1,258 sqft (116.9 sqm): a two-bedroom apartment on the 23rd floor of a 34-storey tower completed in 2014.

What is unit 2304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in West Avenue Residential Tower sold for AED 2,750,000 to 2,750,000 in the last 12 months, around AED 2,063 per sqft.

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Mortgage on 2304, West Avenue Residential Tower

Starts from the last sale price (AED 1.88M, 19 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,875,000
Deposit, UAE resident (20%)
AED 375,000
Deposit, non-resident (40%)
AED 750,000
Monthly over 25 years at 3.7%
AED 7,671

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