2-bed · 1,243 sqftWest Avenue Residential Tower, Dubai Marina · 27th floor · completed 2014

2701, West Avenue Residential Tower

Sold prices and rental history: sold 3 times, last in November 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2701 · DLD and Ejari recordsUpdated 21 November 2024
Last soldAED 2.8M30 November 2014
Current rentAED 155K /yr21 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2701, West Avenue Residential Tower

What is 2701 worth today?

Last sold for AED 2,795,000 in 2014

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21 Nov 2024RentedNew contract
AED 155,000/yr12 months · AED 125 per sqft
21 Nov 2024RentedNew contract
AED 155,000/yr12 months · AED 125 per sqft
12 Sep 2023RentedRenewal
AED 130,000/yr12 months · AED 105 per sqft
12 Sep 2022RentedNew contract
AED 120,000/yr12 months · AED 97 per sqft
15 Jul 2021RentedRenewal
AED 105,000/yr12 months · AED 85 per sqft
15 Jul 2020RentedNew contract
AED 105,000/yr12 months · AED 85 per sqft
6 Jan 2016RentedNew contract · flagged as an outlier
AED 11,968/yr12 months · AED 10 per sqft
1 Dec 2014RentedNew contract
AED 90,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 21 November 2024.

Key facts

Type
2-bed apartment
Size
1,243 sqft
Floor
27th of 34
Parking
G-15
Developer
West Avenue
Completed
2014
Service charge
AED 24,500 /yr
Last sold
AED 2.8M · November 2014

About 2701, West Avenue Residential Tower

2701 is a two-bedroom apartment of 1,243 sqft on the 27th floor of West Avenue Residential Tower, a 34-storey tower in Dubai Marina completed in 2014 by West Avenue. It last sold on 30 November 2014 for AED 2,795,000, or AED 2,248 per sqft, 42% above the AED 1,587 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 21 November 2024, is AED 155,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 24,500 a year.

Sales and rents for 2701 over time

Sales
Unit 2701, each saleTypical two-bed in West Avenue Residential Tower
1M2M3M2013201720212025Typical 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, October 2013: AED 1,909,950 (AED 1,536 per sqft)Sold, November 2014: AED 2,795,000 (AED 2,248 per sqft)Sold, November 2014: AED 1,909,950 (AED 1,536 per sqft)

2701 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2701, 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, December 2014: AED 90,000 a yearNew contract, July 2020: AED 105,000 a yearRenewal, July 2021: AED 105,000 a yearNew contract, September 2022: AED 120,000 a yearRenewal, September 2023: AED 130,000 a yearNew contract, November 2024: AED 155,000 a yearNew contract, November 2024: AED 155,000 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 2701 sits

All 96 2-beds →

2701 last sold in November 2014 at AED 2,248 per sqft, 42% above what two-beds in West Avenue Residential Tower were fetching at the time (AED 1,587). 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. 2701's AED 155,000 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
27021-bedAED 1.48M · Dec 2014
27031-bedAED 1.31M · Dec 2014
27042-bedAED 2.9M · Dec 2014
27052-bedAED 2.83M · Dec 2014
27061-bedAED 1.65M · Mar 2026
27071-bedAED 1.24M · Dec 2014
27082-bedAED 1.15M · Oct 2019

2701, West Avenue Residential Tower in numbers

  • Sold 3 times: first on 6 October 2013 for AED 1,909,950, last on 30 November 2014 for AED 2,795,000 (AED 2,248 per sqft).
  • Rented since December 2014 on 8 Ejari contracts. The rent fell from AED 90,000 to AED 11,968 in 2016 and recovered to AED 155,000 by November 2024.
  • At AED 155,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 24,500 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 21 November 2024.

Questions about 2701, West Avenue Residential Tower

What did unit 2701 last sell for?

AED 2,795,000 on 30 November 2014: AED 2,248 per sqft for 1,243 sqft. The unit has 3 registered sales; the first was AED 1,909,950 in October 2013.

What is the rent for unit 2701?

AED 155,000 a year on the contract signed on 21 November 2024. The previous contract, from November 2024, was AED 155,000; the unit has been rented since December 2014.

How big is unit 2701?

1,243 sqft (115.5 sqm): a two-bedroom apartment on the 27th floor of a 34-storey tower completed in 2014.

What is unit 2701 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 2701, West Avenue Residential Tower

Starts from the last sale price (AED 2.8M, 30 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,795,000
Deposit, UAE resident (20%)
AED 559,000
Deposit, non-resident (40%)
AED 1,118,000
Monthly over 25 years at 3.7%
AED 11,435

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