2-bed · 1,331 sqftWest Avenue Residential Tower, Dubai Marina · 4th floor · completed 2014

405, West Avenue Residential Tower

Sold prices and rental history: sold twice, last in November 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 21 November 2024
Last soldAED 2.2M21 November 2024
Current rentAED 120K /yr21 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, West Avenue Residential Tower

What is 405 worth today?

Last sold for AED 2,200,000 in 2024

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21 Nov 2024SoldReady
AED 2,200,000AED 1,652 per sqft
21 Jan 2024RentedRenewal
AED 120,000/yr36 months · AED 90 per sqft
21 Jan 2024RentedRenewal
AED 120,000/yr36 months · AED 90 per sqft
20 Jan 2023RentedNew contract
AED 119,678/yr12 months · AED 90 per sqft
7 Jan 2015Sold by developerReady
AED 2,650,000AED 1,990 per sqft

Source: Dubai Land Department. Updated 21 November 2024.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
4th of 34
Parking
B1-8
Developer
West Avenue
Completed
2014
Service charge
AED 26,200 /yr
Last sold
AED 2.2M · November 2024

About 405, West Avenue Residential Tower

405 is a two-bedroom apartment of 1,331 sqft on the 4th floor of West Avenue Residential Tower, a 34-storey tower in Dubai Marina completed in 2014 by West Avenue. It last sold on 21 November 2024 for AED 2,200,000, or AED 1,652 per sqft, 4% below the AED 1,729 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 21 January 2024, is AED 120,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 26,200 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, January 2015: AED 2,650,000 (AED 1,990 per sqft)Sold, November 2024: AED 2,200,000 (AED 1,652 per sqft)

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

Rents
Unit 405, 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, January 2023: AED 119,678 a yearRenewal, January 2024: AED 120,000 a yearRenewal, January 2024: AED 120,000 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 405 sits

All 96 2-beds →

405 last sold in November 2024 at AED 1,652 per sqft, 4% below what two-beds in West Avenue Residential Tower were fetching at the time (AED 1,729). 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. 405's AED 120,000 is in the lower 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
4011-bedAED 1.5M · Mar 2024
4021-bedAED 1.43M · May 2024
4031-bedAED 575K · Feb 2016
4042-bedAED 2.14M · Nov 2014
4061-bedAED 1.4M · Sep 2024
4071-bedAED 870K · May 2021
4082-bedAED 39K · Aug 2026
1–7 of 8

405, West Avenue Residential Tower in numbers

  • Sold twice: first on 7 January 2015 for AED 2,650,000, last on 21 November 2024 for AED 2,200,000 (AED 1,652 per sqft).
  • Rented since January 2023 on 3 Ejari contracts, from AED 119,678 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 26,200 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 405, West Avenue Residential Tower

What did unit 405 last sell for?

AED 2,200,000 on 21 November 2024: AED 1,652 per sqft for 1,331 sqft. The unit has 2 registered sales; the first was AED 2,650,000 in January 2015.

What is the rent for unit 405?

AED 120,000 a year on the contract renewed on 21 January 2024. The previous contract, from January 2024, was AED 120,000; the unit has been rented since January 2023.

How big is unit 405?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 4th floor of a 34-storey tower completed in 2014.

What is unit 405 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 405, West Avenue Residential Tower

Starts from the last sale price (AED 2.2M, 21 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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