2-bed · 1,728 sqftWestside Marina Tower, Dubai Marina · 5th floor · completed 2006

505, Westside Marina Tower

Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 23 November 2022
Last soldAED 1.3M23 November 2022
Current rentAED 80K /yr16 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Westside Marina Tower

What is 505 worth today?

Last sold for AED 1,300,000 in 2022

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23 Nov 2022SoldReady
AED 1,300,000AED 752 per sqft
16 Dec 2021RentedNew contract
AED 80,000/yr12 months · AED 46 per sqft
13 Dec 2020RentedNew contract
AED 65,000/yr12 months · AED 38 per sqft
10 Nov 2018RentedRenewal
AED 118,000/yr12 months · AED 69 per sqft
10 Nov 2017RentedRenewal
AED 125,000/yr12 months · AED 73 per sqft
10 Nov 2016RentedNew contract
AED 125,000/yr12 months · AED 73 per sqft
1 Nov 2015RentedRenewal
AED 130,000/yr12 months · AED 75 per sqft
1 Nov 2014RentedNew contract
AED 130,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 23 November 2022.

Key facts

Type
2-bed apartment
Size
1,728 sqft
Floor
5th of 7
Parking
47
Developer
Tulip Business Developers (TBD)
Completed
2006
Service charge
AED 41,300 /yr
Last sold
AED 1.3M · November 2022

About 505, Westside Marina Tower

505 is a two-bedroom apartment of 1,728 sqft on the 5th floor of Westside Marina Tower, a 7-storey tower in Dubai Marina completed in 2006 by Tulip Business Developers (TBD). It last sold on 23 November 2022 for AED 1,300,000, or AED 752 per sqft, in line with the AED 750 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 16 December 2021, is AED 80,000 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 41,300 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Westside Marina Tower
1M1.5M2M2008201320182023Typical sale price by year: 2008 AED 1,532,007; 2009 AED 900,000; 2010 AED 1,446,000; 2013 AED 1,000,000; 2014 AED 1,897,250; 2022 AED 1,200,000; 2023 AED 1,400,000; 2024 AED 1,560,000; 2025 AED 1,800,000Sold by developer, March 2009: AED 825,000 (AED 489 per sqft)Sold, November 2022: AED 1,300,000 (AED 752 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Westside Marina Tower
100K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 100,000; 2014 AED 130,000; 2015 AED 130,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 75,000; 2022 AED 82,500; 2023 AED 95,000; 2024 AED 102,500; 2025 AED 110,000; 2026 AED 106,000New contract, November 2014: AED 130,000 a yearRenewal, November 2015: AED 130,000 a yearNew contract, November 2016: AED 125,000 a yearRenewal, November 2017: AED 125,000 a yearRenewal, November 2018: AED 118,000 a yearNew contract, December 2020: AED 65,000 a yearNew contract, December 2021: AED 80,000 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 Westside Marina Tower, and where 505 sits

All 40 2-beds →

505 last sold in November 2022 at AED 752 per sqft, in line with what two-beds in Westside Marina Tower were fetching at the time (AED 750). Over the last 12 months two-beds sold for AED 1,700,000 to 1,780,000, around AED 1,032 per sqft, and rent for AED 92,747 to 141,200 a year. 505's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Jan 20261,780,000
19 Nov 20251,700,000
3 Jul 20251,550,000
12 May 20251,800,000
2 2-bed sales in the last 12 months

Westside Marina Tower

Building

66 apartments, 1-bed to 3-bed over 7 floors in Dubai Marina, completed in 2006 by Tulip Business Developers (TBD). 2 sold in the last 12 months.

Typical price per sqft
AED 1,032
Typical sale
AED 1.74M
Typical rent
AED 100K /yr
Typical yield
7.9%
Westside Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 66 units in Westside Marina Tower
Value
5012-bedAED 1.44M · Mar 2024
5022-bedAED 1.53M · Jun 2024
5032-bedAED 1.18M · Jun 2010
5042-bedAED 1.5M · Oct 2022
5061-bedAED 1.1M · Jun 2023
5071-bedAED 1.51M · Feb 2009
5081-bedAED 499K · Mar 2009
1–7 of 8

505, Westside Marina Tower in numbers

  • Sold twice: first on 11 March 2009 for AED 825,000, last on 23 November 2022 for AED 1,300,000 (AED 752 per sqft).
  • Rented since November 2014 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 65,000 in 2020 and recovered to AED 80,000 by December 2021.
  • At AED 80,000 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 41,300 a year (AED 23.89 per sqft).
  • Two-beds in Westside Marina Tower sold for AED 1,700,000–1,780,000 in the 12 months to November 2026; the building's median across all types is AED 1,032 per sqft.

Source: Dubai Land Department. Updated 23 November 2022.

Questions about 505, Westside Marina Tower

What did unit 505 last sell for?

AED 1,300,000 on 23 November 2022: AED 752 per sqft for 1,728 sqft. The unit has 2 registered sales; the first was AED 825,000 in March 2009.

What is the rent for unit 505?

AED 80,000 a year on the contract signed on 16 December 2021. The previous contract, from December 2020, was AED 65,000; the unit has been rented since November 2014.

How big is unit 505?

1,728 sqft (160.5 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2006.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Westside Marina Tower sold for AED 1,700,000 to 1,780,000 in the last 12 months, around AED 1,032 per sqft.

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Mortgage on 505, Westside Marina Tower

Starts from the last sale price (AED 1.3M, 23 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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