3-bed · 3,554 sqftAl Seef Tower, Dubai Marina · 26th floor · completed 2005

2602, Al Seef Tower

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2602 · DLD and Ejari recordsUpdated 15 February 2018
Last soldAED 1.33M7 June 2009
Current rentAED 215K /yr15 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2602, Al Seef Tower

What is 2602 worth today?

Last sold for AED 1,331,883 in 2009

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15 Feb 2018RentedRenewal
AED 215,000/yr12 months · AED 61 per sqft
15 Feb 2017RentedNew contract
AED 250,000/yr12 months · AED 70 per sqft
5 Oct 2016RentedRenewal
AED 245,000/yr12 months · AED 69 per sqft
4 Oct 2014RentedNew contract
AED 244,343/yr12 months · AED 69 per sqft
3 Oct 2013RentedNew contract
AED 244,343/yr12 months · AED 69 per sqft
7 Jun 2009Sold by developerReady
AED 1,331,883AED 374 per sqft

Source: Dubai Land Department. Updated 15 February 2018.

Key facts

Type
3-bed apartment
Size
3,554 sqft
Floor
26th of 43
Parking
2
Developer
Deyaar
Completed
2005
Service charge
AED 56,300 /yr
Last sold
AED 1.33M · June 2009

About 2602, Al Seef Tower

2602 is a three-bedroom apartment of 3,554 sqft on the 26th floor of Al Seef Tower, a 43-storey tower in Dubai Marina completed in 2005 by Deyaar. The developer sold it on 7 June 2009 for AED 1,331,883, or AED 374 per sqft, in line with the AED 373 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 15 February 2018, is AED 215,000 a year: a gross yield of 16.1% on the 2009 price, before the service charge of about AED 56,300 a year.

Sales and rents for 2602 over time

Sales
Unit 2602, each saleTypical three-bed in Al Seef Tower
2M4M2009201420192024Typical 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, June 2009: AED 1,331,883 (AED 374 per sqft)

2602 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2602, each contractTypical three-bed in Al Seef Tower
150K200K250K2012201620202024Typical 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, October 2013: AED 244,343 a yearNew contract, October 2014: AED 244,343 a yearRenewal, October 2016: AED 245,000 a yearNew contract, February 2017: AED 250,000 a yearRenewal, February 2018: AED 215,000 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 2602 sits

All 94 3-beds →

2602 last sold in June 2009 at AED 374 per sqft, in line with what three-beds in Al Seef Tower were fetching at the time (AED 373). 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. 2602's AED 215,000 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 26th floor

All 158 units in Al Seef Tower
Value
26013-bedAED 1.28M · Jun 2009
26033-bedAED 5.5M · Apr 2014
26043-bedAED 1.33M · Jun 2009

2602, Al Seef Tower in numbers

  • Sold once: by Deyaar on 7 June 2009 for AED 1,331,883, or AED 374 per sqft.
  • Rented since October 2013 on 5 Ejari contracts, from AED 244,343 to AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2009 price is 16.1%, before a service charge of about AED 56,300 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 February 2018.

Questions about 2602, Al Seef Tower

What did unit 2602 last sell for?

AED 1,331,883 on 7 June 2009, sold by the developer: AED 374 per sqft for 3,554 sqft. It is the only registered sale of the unit.

What is the rent for unit 2602?

AED 215,000 a year on the contract renewed on 15 February 2018. The previous contract, from February 2017, was AED 250,000; the unit has been rented since October 2013.

How big is unit 2602?

3,554 sqft (330.2 sqm): a three-bedroom apartment on the 26th floor of a 43-storey tower completed in 2005.

What is unit 2602 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 2602, Al Seef Tower

Starts from the last sale price (AED 1.33M, 7 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,331,883
Deposit, UAE resident (20%)
AED 266,377
Deposit, non-resident (40%)
AED 532,753
Monthly over 25 years at 3.7%
AED 5,449

Plus AED 60,949 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →