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2-bed · 1,361 sqftBlakely, Dubai Marina · 15th floor · completed 2010

1502, Blakely

Sold prices and rental history: sold twice, last in February 2011, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 1 September 2018
Last soldAED 1.35M16 February 2011
Current rentAED 125K /yr1 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Blakely

What is 1502 worth today?

Last sold for AED 1,350,888 in 2011

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1 Sep 2018RentedNew contract
AED 125,000/yr12 months · AED 92 per sqft
8 Jul 2017RentedNew contract
AED 155,000/yr12 months · AED 114 per sqft
16 Feb 2011SoldReady
AED 1,350,888AED 992 per sqft
2 Mar 2010Sold by developerOff-plan
AED 1,350,888AED 992 per sqft

Source: Dubai Land Department. Updated 1 September 2018.

Key facts

Type
2-bed apartment
Size
1,361 sqft
Floor
15th of 27
Parking
P1-1030
Developer
Emaar
Completed
2010
Service charge
AED 14,200 /yr
Last sold
AED 1.35M · February 2011
Building
Blakely

About 1502, Blakely

1502 is a two-bedroom apartment of 1,361 sqft on the 15th floor of Blakely, a 27-storey tower in Dubai Marina completed in 2010 by Emaar. It last sold on 16 February 2011 for AED 1,350,888, or AED 992 per sqft, 14% below the AED 1,156 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 1 September 2018, is AED 125,000 a year: a gross yield of 9.3% on the 2011 price, before the service charge of about AED 14,200 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical two-bed in Blakely
2M2009201320172021Typical sale price by year: 2009 AED 1,583,388; 2010 AED 1,666,888; 2011 AED 1,611,888; 2012 AED 1,667,444; 2013 AED 1,750,000; 2014 AED 2,600,000; 2015 AED 2,050,000; 2016 AED 2,235,000; 2017 AED 1,912,500; 2019 AED 1,475,000; 2020 AED 1,500,000; 2022 AED 2,347,500; 2023 AED 2,200,000Sold by developer, March 2010: AED 1,350,888 (AED 992 per sqft)Sold, February 2011: AED 1,350,888 (AED 992 per sqft)

1502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1502, each contractTypical two-bed in Blakely
100K150K2012201620202024Typical rent by year: 2012 AED 115,500; 2013 AED 135,000; 2014 AED 147,500; 2015 AED 155,000; 2016 AED 150,000; 2017 AED 142,450; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 95,000; 2022 AED 117,500; 2023 AED 140,000; 2024 AED 145,000; 2025 AED 145,000; 2026 AED 160,000New contract, July 2017: AED 155,000 a yearNew contract, September 2018: AED 125,000 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 Blakely, and where 1502 sits

All 51 2-beds →

1502 last sold in February 2011 at AED 992 per sqft, 14% below what two-beds in Blakely were fetching at the time (AED 1,156). 1502's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 May 20252,940,000
14 Mar 20252,600,000
20 Dec 20242,600,000
29 Mar 20242,400,000
0 2-bed sales in the last 12 months

Blakely

Building

164 apartments, 1-bed to 3-bed over 27 floors in Dubai Marina, completed in 2010 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 1,952
Typical sale
AED 1.8M
Typical rent
AED 105K /yr
Typical yield
5.9%
Blakely, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 164 units in Blakely
Value
15011-bedAED 1.34M · Aug 2023
15032-bedAED 1.6M · Jul 2012
15041-bedAED 431K · Feb 2011
15051-bedAED 1.27M · Oct 2013
15061-bedAED 940K · Oct 2020

1502, Blakely in numbers

  • Sold twice: first on 2 March 2010 for AED 1,350,888, last on 16 February 2011 for AED 1,350,888 (AED 992 per sqft).
  • Rented since July 2017 on 2 Ejari contracts, from AED 155,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2011 price is 9.3%, before a service charge of about AED 14,200 a year (AED 10.47 per sqft).

Source: Dubai Land Department. Updated 1 September 2018.

Questions about 1502, Blakely

What did unit 1502 last sell for?

AED 1,350,888 on 16 February 2011: AED 992 per sqft for 1,361 sqft. The unit has 2 registered sales; the first was AED 1,350,888 in March 2010.

What is the rent for unit 1502?

AED 125,000 a year on the contract signed on 1 September 2018. The previous contract, from July 2017, was AED 155,000.

How big is unit 1502?

1,361 sqft (126.4 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2010.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1502, Blakely

Starts from the last sale price (AED 1.35M, 16 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,888
Deposit, UAE resident (20%)
AED 270,178
Deposit, non-resident (40%)
AED 540,355
Monthly over 25 years at 3.7%
AED 5,527

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