2-bed · 1,828 sqftYacht Bay, Dubai Marina · 16th floor · completed 2007

1604, Yacht Bay

Sold prices and rental history: sold twice, last in June 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 27 June 2021
Last soldAED 1.1M27 June 2021
Current rentAED 113K /yr9 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Yacht Bay

What is 1604 worth today?

Last sold for AED 1,100,000 in 2021

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27 Jun 2021SoldReady
AED 1,100,000AED 601 per sqft
9 Jan 2020RentedRenewal
AED 113,000/yr12 months · AED 62 per sqft
9 Jan 2019RentedRenewal
AED 113,000/yr12 months · AED 62 per sqft
9 Jan 2018RentedRenewal
AED 125,000/yr12 months · AED 68 per sqft
9 Jan 2017RentedNew contract
AED 125,000/yr12 months · AED 68 per sqft
5 Dec 2015RentedRenewal
AED 147,000/yr12 months · AED 80 per sqft
5 Dec 2014RentedNew contract
AED 140,000/yr12 months · AED 77 per sqft
16 Apr 2013RentedNew contract
AED 90,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 27 June 2021.

Key facts

Type
2-bed apartment
Size
1,828 sqft
Floor
16th of 16
Parking
B1- 02 - 03
Developer
Select Global Development
Completed
2007
Service charge
AED 35,400 /yr
Last sold
AED 1.1M · June 2021
Building
Yacht Bay

About 1604, Yacht Bay

1604 is a two-bedroom apartment of 1,828 sqft on the 16th floor of Yacht Bay, a 16-storey tower in Dubai Marina completed in 2007 by Select Global Development. It last sold on 27 June 2021 for AED 1,100,000, or AED 601 per sqft, 8% below the AED 655 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 9 January 2020, is AED 113,000 a year: a gross yield of 10.3% on the 2021 price, before the service charge of about AED 35,400 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical two-bed in Yacht Bay
1M2M2008201320182023Typical sale price by year: 2008 AED 1,046,261; 2009 AED 910,080; 2010 AED 971,448; 2011 AED 850,000; 2012 AED 935,000; 2013 AED 1,280,000; 2014 AED 1,295,360; 2015 AED 1,600,000; 2016 AED 1,412,071; 2017 AED 1,512,500; 2018 AED 1,412,500; 2020 AED 890,000; 2021 AED 1,000,000; 2022 AED 1,225,000; 2023 AED 1,475,000; 2024 AED 1,570,000; 2025 AED 1,918,500; 2026 AED 1,887,500Sold by developer, February 2011: AED 785,325 (AED 429 per sqft)Sold, June 2021: AED 1,100,000 (AED 601 per sqft)

1604 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1604, each contractTypical two-bed in Yacht Bay
100K150K2012201620202024Typical rent by year: 2012 AED 93,750; 2013 AED 102,500; 2014 AED 120,000; 2015 AED 125,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 96,123; 2020 AED 70,000; 2021 AED 65,000; 2022 AED 84,000; 2023 AED 110,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 115,000New contract, April 2013: AED 90,000 a yearNew contract, December 2014: AED 140,000 a yearRenewal, December 2015: AED 147,000 a yearNew contract, January 2017: AED 125,000 a yearRenewal, January 2018: AED 125,000 a yearRenewal, January 2019: AED 113,000 a yearRenewal, January 2020: AED 113,000 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 Yacht Bay, and where 1604 sits

All 77 2-beds →

1604 last sold in June 2021 at AED 601 per sqft, 8% below what two-beds in Yacht Bay were fetching at the time (AED 655). Over the last 12 months two-beds sold for AED 1,575,000 to 2,050,000, around AED 1,374 per sqft, and rent for AED 99,225 to 160,000 a year. 1604's AED 113,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Aug 20261,900,000
7 Aug 20261,720,000
7 May 20261,875,000
14 Apr 20261,930,000
9 2-bed sales in the last 12 months

Yacht Bay

Building

174 apartments, studios to 3-bed over 16 floors in Dubai Marina, completed in 2007 by Select Global Development. 14 sold in the last 12 months.

Typical price per sqft
AED 1,401 Down 14.6%
Typical sale
AED 1.8M
Typical rent
AED 80K /yr
Typical yield
7.5%
Yacht Bay, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 174 units in Yacht Bay
Value
16013-bedAED 1.9M · Mar 2022
16023-bedAED 1.59M · May 2012
16031-bedAED 1.38M · Nov 2021
16053-bedAED 2.7M · May 2013
16063-bedAED 4.1M · Nov 2026
16073-bedAED 2.39M · Jun 2013
16082-bedAED 2M · Oct 2022
1–7 of 8

1604, Yacht Bay in numbers

  • Sold twice: first on 24 February 2011 for AED 785,325, last on 27 June 2021 for AED 1,100,000 (AED 601 per sqft).
  • Rented since April 2013 on 7 Ejari contracts, from AED 90,000 to AED 113,000 a year.
  • At AED 113,000 a year the gross yield on the 2021 price is 10.3%, before a service charge of about AED 35,400 a year (AED 19.34 per sqft).
  • Two-beds in Yacht Bay sold for AED 1,575,000–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,401 per sqft.

Source: Dubai Land Department. Updated 27 June 2021.

Questions about 1604, Yacht Bay

What did unit 1604 last sell for?

AED 1,100,000 on 27 June 2021: AED 601 per sqft for 1,828 sqft. The unit has 2 registered sales; the first was AED 785,325 in February 2011.

What is the rent for unit 1604?

AED 113,000 a year on the contract renewed on 9 January 2020. The previous contract, from January 2019, was AED 113,000; the unit has been rented since April 2013.

How big is unit 1604?

1,828 sqft (169.8 sqm): a two-bedroom apartment on the 16th floor of a 16-storey tower completed in 2007.

What is unit 1604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Yacht Bay sold for AED 1,575,000 to 2,050,000 in the last 12 months, around AED 1,374 per sqft.

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Mortgage on 1604, Yacht Bay

Starts from the last sale price (AED 1.1M, 27 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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