3-bed · 1,777 sqftAl Seef Tower, Dubai Marina · 24th floor · completed 2005

2404, Al Seef Tower

Sold prices and rental history: sold once, by the developer in October 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 15 December 2021
Last soldAED 654K15 October 2009
Current rentAED 130K /yr15 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2404, Al Seef Tower

What is 2404 worth today?

Last sold for AED 653,788 in 2009

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15 Dec 2021RentedNew contract
AED 130,000/yr12 months · AED 37 per sqft
15 Dec 2020RentedRenewal
AED 117,000/yr12 months · AED 33 per sqft
15 Dec 2019RentedRenewal
AED 135,000/yr12 months · AED 38 per sqft
15 Dec 2018RentedRenewal
AED 165,000/yr12 months · AED 46 per sqft
15 Dec 2017RentedRenewal
AED 185,000/yr12 months · AED 52 per sqft
14 Dec 2015RentedRenewal
AED 220,000/yr12 months · AED 62 per sqft
14 Dec 2014RentedNew contract
AED 195,000/yr12 months · AED 55 per sqft
15 Oct 2009Sold by developerReady
AED 653,788AED 183 per sqft

Source: Dubai Land Department. Updated 15 December 2021.

Key facts

Type
3-bed apartment
Size
1,777 sqft
Floor
24th of 43
Parking
2
Developer
Deyaar
Completed
2005
Service charge
AED 28,100 /yr
Last sold
AED 654K · October 2009

About 2404, Al Seef Tower

2404 is a three-bedroom apartment of 1,777 sqft on the 24th floor of Al Seef Tower, a 43-storey tower in Dubai Marina completed in 2005 by Deyaar. The developer sold it on 15 October 2009 for AED 653,788, or AED 183 per sqft, 50% below the AED 365 three-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 15 December 2021, is AED 130,000 a year: a gross yield of 19.9% on the 2009 price, before the service charge of about AED 28,100 a year.

Sales and rents for 2404 over time

Sales
Unit 2404, each saleTypical three-bed in Al Seef Tower
02.5M5M2009201420192024Typical sale price by year: 2009 AED 1,298,997; 2010 AED 1,340,709; 2011 AED 1,346,357; 2012 AED 1,575,000; 2013 AED 4,450,000; 2014 AED 5,250,000; 2015 AED 5,050,000; 2016 AED 2,850,000; 2017 AED 3,500,000; 2018 AED 3,800,000; 2019 AED 2,403,749; 2021 AED 3,000,000; 2022 AED 3,200,000; 2023 AED 3,750,000; 2024 AED 4,145,000; 2025 AED 4,792,143Sold by developer, October 2009: AED 653,788 (AED 183 per sqft)

2404 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2404, each contractTypical three-bed in Al Seef Tower
100K200K2012201620202024Typical rent by year: 2012 AED 180,000; 2013 AED 210,000; 2014 AED 231,096; 2015 AED 240,000; 2016 AED 236,548; 2017 AED 225,000; 2018 AED 200,000; 2019 AED 185,000; 2020 AED 162,000; 2021 AED 160,000; 2022 AED 185,000; 2023 AED 210,000; 2024 AED 230,250; 2025 AED 240,000; 2026 AED 250,000New contract, December 2014: AED 195,000 a yearRenewal, December 2015: AED 220,000 a yearRenewal, December 2017: AED 185,000 a yearRenewal, December 2018: AED 165,000 a yearRenewal, December 2019: AED 135,000 a yearRenewal, December 2020: AED 117,000 a yearNew contract, December 2021: AED 130,000 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 Al Seef Tower, and where 2404 sits

All 94 3-beds →

2404 last sold in October 2009 at AED 183 per sqft, 50% below what three-beds in Al Seef Tower were fetching at the time (AED 365). Over the last 12 months three-beds sold for AED 4,750,000 to 6,500,000, around AED 1,575 per sqft, and rent for AED 231,000 to 275,000 a year. 2404's AED 130,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Dec 20254,750,000
11 Dec 20256,500,000
21 Mar 20254,500,000
13 Mar 20254,800,000
3 3-bed sales in the last 12 months

Al Seef Tower

Building

158 apartments, 2-bed to 5-bed over 43 floors in Dubai Marina, completed in 2005 by Deyaar. 3 sold in the last 12 months.

Typical price per sqft
AED 1,575
Typical sale
AED 5.6M
Typical rent
AED 263K /yr
Typical yield
4.3%
Al Seef Tower, Dubai Marina: prices, sales and rents →

Other units on the 24th floor

All 158 units in Al Seef Tower
Value
24013-bedAED 2M · Jun 2010
24023-bedAED 666K · Oct 2009
24033-bedAED 654K · Aug 2009

2404, Al Seef Tower in numbers

  • Sold once: by Deyaar on 15 October 2009 for AED 653,788, or AED 183 per sqft.
  • Rented since December 2014 on 7 Ejari contracts. The rent fell from AED 195,000 to AED 117,000 in 2020 and recovered to AED 130,000 by December 2021.
  • At AED 130,000 a year the gross yield on the 2009 price is 19.9%, before a service charge of about AED 28,100 a year (AED 15.84 per sqft).
  • Three-beds in Al Seef Tower sold for AED 4,750,000–6,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,575 per sqft.

Source: Dubai Land Department. Updated 15 December 2021.

Questions about 2404, Al Seef Tower

What did unit 2404 last sell for?

AED 653,788 on 15 October 2009, sold by the developer: AED 183 per sqft for 1,777 sqft. It is the only registered sale of the unit.

What is the rent for unit 2404?

AED 130,000 a year on the contract signed on 15 December 2021. The previous contract, from December 2020, was AED 117,000; the unit has been rented since December 2014.

How big is unit 2404?

1,777 sqft (165.1 sqm): a three-bedroom apartment on the 24th floor of a 43-storey tower completed in 2005.

What is unit 2404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Seef Tower sold for AED 4,750,000 to 6,500,000 in the last 12 months, around AED 1,575 per sqft.

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Mortgage on 2404, Al Seef Tower

Starts from the last sale price (AED 654K, 15 October 2009). Switch to today's estimate once you have unlocked it.
Price
AED 653,788
Deposit, UAE resident (20%)
AED 130,758
Deposit, non-resident (40%)
AED 261,515
Monthly over 25 years at 3.7%
AED 2,675

Plus AED 32,470 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →