2-bed · 1,237 sqftWest Avenue Residential Tower, Dubai Marina · 27th floor · completed 2014

2708, West Avenue Residential Tower

Sold prices and rental history: sold 3 times, last in October 2019, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2708 · DLD and Ejari recordsUpdated 27 October 2019
Last soldAED 1.15M27 October 2019
Current rentAED 140K /yr15 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2708, West Avenue Residential Tower

What is 2708 worth today?

Last sold for AED 1,150,000 in 2019

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27 Oct 2019SoldReady
AED 1,150,000AED 929 per sqft
15 Aug 2017RentedRenewal
AED 140,000/yr12 months · AED 113 per sqft
15 Aug 2016RentedNew contract
AED 155,000/yr12 months · AED 125 per sqft
8 Dec 2014SoldReady
AED 1,751,263AED 1,415 per sqft
25 Aug 2013Sold by developerOff-plan
AED 1,751,263AED 1,415 per sqft

Source: Dubai Land Department. Updated 27 October 2019.

Key facts

Type
2-bed apartment
Size
1,237 sqft
Floor
27th of 34
Parking
G-22
Developer
West Avenue
Completed
2014
Service charge
AED 24,400 /yr
Last sold
AED 1.15M · October 2019

About 2708, West Avenue Residential Tower

2708 is a two-bedroom apartment of 1,237 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 27 October 2019 for AED 1,150,000, or AED 929 per sqft, 14% below the AED 1,086 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 15 August 2017, is AED 140,000 a year: a gross yield of 12.2% on the 2019 price, before the service charge of about AED 24,400 a year.

Sales and rents for 2708 over time

Sales
Unit 2708, 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, August 2013: AED 1,751,263 (AED 1,415 per sqft)Sold, December 2014: AED 1,751,263 (AED 1,415 per sqft)Sold, October 2019: AED 1,150,000 (AED 929 per sqft)

2708 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2708, 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, August 2016: AED 155,000 a yearRenewal, August 2017: AED 140,000 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 2708 sits

All 96 2-beds →

2708 last sold in October 2019 at AED 929 per sqft, 14% below what two-beds in West Avenue Residential Tower were fetching at the time (AED 1,086). 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. 2708's AED 140,000 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
27012-bedAED 2.8M · Nov 2014
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

2708, West Avenue Residential Tower in numbers

  • Sold 3 times: first on 25 August 2013 for AED 1,751,263, last on 27 October 2019 for AED 1,150,000 (AED 929 per sqft).
  • Rented since August 2016 on 2 Ejari contracts, from AED 155,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2019 price is 12.2%, before a service charge of about AED 24,400 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 27 October 2019.

Questions about 2708, West Avenue Residential Tower

What did unit 2708 last sell for?

AED 1,150,000 on 27 October 2019: AED 929 per sqft for 1,237 sqft. The unit has 3 registered sales; the first was AED 1,751,263 in August 2013.

What is the rent for unit 2708?

AED 140,000 a year on the contract renewed on 15 August 2017. The previous contract, from August 2016, was AED 155,000.

How big is unit 2708?

1,237 sqft (114.9 sqm): a two-bedroom apartment on the 27th floor of a 34-storey tower completed in 2014.

What is unit 2708 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 2708, West Avenue Residential Tower

Starts from the last sale price (AED 1.15M, 27 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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