2-bed · 1,382 sqftYacht Bay, Dubai Marina · 3rd floor · completed 2007

308, Yacht Bay

Sold prices and rental history: sold twice, last in July 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 10 July 2024
Last soldAED 1.75M10 July 2024
Current rentAED 85K /yr25 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Yacht Bay

What is 308 worth today?

Last sold for AED 1,750,000 in 2024

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10 Jul 2024SoldReady
AED 1,750,000AED 1,266 per sqft
25 Jul 2019RentedNew contract
AED 85,000/yr12 months · AED 62 per sqft
1 Jul 2017RentedNew contract
AED 110,000/yr12 months · AED 80 per sqft
19 Oct 2014RentedNew contract
AED 140,000/yr12 months · AED 102 per sqft
21 Aug 2008Sold by developerReady
AED 1,161,638AED 840 per sqft

Source: Dubai Land Department. Updated 10 July 2024.

Key facts

Type
2-bed apartment
Size
1,382 sqft
Floor
3rd of 16
Parking
B2-30
Developer
Select Global Development
Completed
2007
Service charge
AED 26,700 /yr
Last sold
AED 1.75M · July 2024
Building
Yacht Bay

About 308, Yacht Bay

308 is a two-bedroom apartment of 1,382 sqft on the 3rd floor of Yacht Bay, a 16-storey tower in Dubai Marina completed in 2007 by Select Global Development. It last sold on 10 July 2024 for AED 1,750,000, or AED 1,266 per sqft, in line with the AED 1,231 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 25 July 2019, is AED 85,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 26,700 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in Yacht Bay
1M1.5M2M2008201320182023Typical 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, August 2008: AED 1,161,638 (AED 840 per sqft)Sold, July 2024: AED 1,750,000 (AED 1,266 per sqft)

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

Rents
Unit 308, 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, October 2014: AED 140,000 a yearNew contract, July 2017: AED 110,000 a yearNew contract, July 2019: AED 85,000 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 308 sits

All 77 2-beds →

308 last sold in July 2024 at AED 1,266 per sqft, in line with what two-beds in Yacht Bay were fetching at the time (AED 1,231). 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. 308's AED 85,000 is at the bottom 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 3rd floor

All 174 units in Yacht Bay
Value
301StudioAED 497K · Aug 2013
302StudioAED 471K · May 2009
303StudioAED 930K · Sep 2024
304StudioAED 620K · Nov 2022
3051-bedAED 600K · Jul 2010
3061-bedAED 1.04M · Nov 2023
3072-bedAED 1.43M · Jul 2018
1–7 of 10

308, Yacht Bay in numbers

  • Sold twice: first on 21 August 2008 for AED 1,161,638, last on 10 July 2024 for AED 1,750,000 (AED 1,266 per sqft).
  • Rented since October 2014 on 3 Ejari contracts, from AED 140,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 26,700 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 10 July 2024.

Questions about 308, Yacht Bay

What did unit 308 last sell for?

AED 1,750,000 on 10 July 2024: AED 1,266 per sqft for 1,382 sqft. The unit has 2 registered sales; the first was AED 1,161,638 in August 2008.

What is the rent for unit 308?

AED 85,000 a year on the contract signed on 25 July 2019. The previous contract, from July 2017, was AED 110,000; the unit has been rented since October 2014.

How big is unit 308?

1,382 sqft (128.4 sqm): a two-bedroom apartment on the 3rd floor of a 16-storey tower completed in 2007.

What is unit 308 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 308, Yacht Bay

Starts from the last sale price (AED 1.75M, 10 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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