3-bed · 2,555 sqftYacht Bay, Dubai Marina · 16th floor · completed 2007

1609, Yacht Bay

Sold prices and rental history: sold 3 times, last in August 2021, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 4 August 2021
Last soldAED 2.1M4 August 2021
Current rentAED 170K /yr10 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1609, Yacht Bay

What is 1609 worth today?

Last sold for AED 2,100,000 in 2021

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4 Aug 2021SoldReady
AED 2,100,000AED 821 per sqft
15 Dec 2019SoldReady
AED 1,375,000AED 538 per sqft
10 Mar 2015RentedNew contract
AED 170,000/yr12 months · AED 67 per sqft
10 Mar 2013RentedNew contract
AED 135,000/yr24 months · AED 53 per sqft
5 Jul 2009Sold by developerReady
AED 1,849,456AED 723 per sqft

Source: Dubai Land Department. Updated 4 August 2021.

Key facts

Type
3-bed apartment
Size
2,555 sqft
Floor
16th of 16
Parking
B1- 81 - 82
Developer
Select Global Development
Completed
2007
Service charge
AED 49,400 /yr
Last sold
AED 2.1M · August 2021
Building
Yacht Bay

About 1609, Yacht Bay

1609 is a three-bedroom apartment of 2,555 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 4 August 2021 for AED 2,100,000, or AED 821 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 10 March 2015, is AED 170,000 a year: a gross yield of 8.1% on the 2021 price, before the service charge of about AED 49,400 a year.

Sales and rents for 1609 over time

Rents
Unit 1609, each contractTypical three-bed in Yacht Bay
150K2013201620192022Typical rent by year: 2015 AED 170,000; 2017 AED 175,000; 2018 AED 145,000; 2021 AED 115,000New contract, March 2013: AED 135,000 a yearNew contract, March 2015: AED 170,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Yacht Bay, and where 1609 sits

All 6 3-beds →

Over the last 12 months three-beds sold for AED 4,100,000, around AED 1,406 per sqft, and rent for AED 135,000 to 250,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Nov 20264,100,000
22 Mar 20221,900,000
22 Feb 20211,500,000
26 Jun 20132,390,000
1 3-bed sale 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
16042-bedAED 1.1M · Jun 2021
16053-bedAED 2.7M · May 2013
16063-bedAED 4.1M · Nov 2026
16073-bedAED 2.39M · Jun 2013
1–7 of 8

1609, Yacht Bay in numbers

  • Sold 3 times: first on 5 July 2009 for AED 1,849,456, last on 4 August 2021 for AED 2,100,000 (AED 821 per sqft).
  • Rented since March 2013 on 2 Ejari contracts, from AED 135,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2021 price is 8.1%, before a service charge of about AED 49,400 a year (AED 19.34 per sqft).
  • Three-beds in Yacht Bay sold for AED 4,100,000–4,100,000 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 4 August 2021.

Questions about 1609, Yacht Bay

What did unit 1609 last sell for?

AED 2,100,000 on 4 August 2021: AED 821 per sqft for 2,555 sqft. The unit has 3 registered sales; the first was AED 1,849,456 in July 2009.

What is the rent for unit 1609?

AED 170,000 a year on the contract signed on 10 March 2015. The previous contract, from March 2013, was AED 135,000.

How big is unit 1609?

2,555 sqft (237.4 sqm): a three-bedroom apartment on the 16th floor of a 16-storey tower completed in 2007.

What is unit 1609 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Yacht Bay sold for AED 4,100,000 to 4,100,000 in the last 12 months, around AED 1,406 per sqft.

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Mortgage on 1609, Yacht Bay

Starts from the last sale price (AED 2.1M, 4 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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