Studio · 466 sqftBotanica Tower, Dubai Marina · 14th floor · completed 2016

1405, Botanica Tower

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1405 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 830K4 July 2024
Current rentAED 50K /yr29 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1405, Botanica Tower

What is 1405 worth today?

Last sold for AED 830,000 in 2024

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29 Aug 2024RentedNew contract
AED 50,000/yr12 months · AED 108 per sqft
4 Jul 2024SoldReady
AED 830,000AED 1,782 per sqft
29 Aug 2022RentedNew contract
AED 50,000/yr12 months · AED 108 per sqft
24 Jan 2019RentedNew contract
AED 50,000/yr12 months · AED 108 per sqft
3 Sep 2017RentedNew contract
AED 75,000/yr12 months · AED 162 per sqft
6 Aug 2015RentedNew contract
AED 70,000/yr12 months · AED 151 per sqft
7 Aug 2014RentedNew contract
AED 70,000/yr12 months · AED 151 per sqft
28 Jul 2013RentedNew contract
AED 55,000/yr12 months · AED 119 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
Studio apartment
Size
466 sqft
Floor
14th of 40
Parking
B2-25
Developer
Myra Real Estate Deveiopment
Completed
2016
Service charge
AED 5,200 /yr
Last sold
AED 830K · July 2024

About 1405, Botanica Tower

1405 is a studio of 466 sqft on the 14th floor of Botanica Tower, a 40-storey tower in Dubai Marina completed in 2016 by Myra Real Estate Deveiopment. It last sold on 4 July 2024 for AED 830,000, or AED 1,782 per sqft, 15% below the AED 2,096 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 29 August 2024, is AED 50,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 5,200 a year.

Sales and rents for 1405 over time

Sales
Unit 1405, each saleTypical studio in Botanica Tower
750K1M2009201420192024Typical sale price by year: 2009 AED 1,084,467; 2011 AED 787,414; 2012 AED 672,975; 2013 AED 742,018; 2014 AED 1,020,000; 2015 AED 980,000; 2016 AED 980,000; 2017 AED 1,060,000; 2019 AED 700,000; 2021 AED 646,500; 2022 AED 750,000; 2024 AED 1,025,000; 2025 AED 1,120,000Sold by developer, December 2012: AED 632,305 (AED 1,357 per sqft)Sold, July 2024: AED 830,000 (AED 1,782 per sqft)

1405 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1405, each contractTypical studio in Botanica Tower
40K60K80K2013201720212025Typical rent by year: 2013 AED 60,000; 2014 AED 70,000; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 65,000; 2019 AED 53,500; 2020 AED 48,000; 2021 AED 45,000; 2022 AED 55,000; 2023 AED 60,000; 2024 AED 70,000; 2025 AED 75,000New contract, July 2013: AED 55,000 a yearNew contract, August 2014: AED 70,000 a yearNew contract, August 2015: AED 70,000 a yearNew contract, September 2017: AED 75,000 a yearNew contract, January 2019: AED 50,000 a yearNew contract, August 2022: AED 50,000 a yearNew contract, August 2024: AED 50,000 a year

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

Studios in Botanica Tower, and where 1405 sits

All 62 studios →

1405 last sold in July 2024 at AED 1,782 per sqft, 15% below what studios in Botanica Tower were fetching at the time (AED 2,096). Over the last 12 months studios sold for AED 1,120,000 to 1,170,000, around AED 2,443 per sqft, and rent for AED 80,000 to 82,000 a year.

Recent studio salesUnit no.Price (AED)Summary
30 Jan 20261,170,000
15 Jan 202633,320
9 Jan 202632,073
6 Jan 202631,614
5 studio sales in the last 12 months

Botanica Tower

Building

365 apartments, studios to 5-bed over 40 floors in Dubai Marina, completed in 2016 by Myra Real Estate Deveiopment. 16 sold in the last 12 months.

Typical price per sqft
AED 2,045 Up 4.4%
Typical sale
AED 1.47M
Typical rent
AED 105K /yr
Typical yield
6.4%
Botanica Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 365 units in Botanica Tower
Value
14011-bedAED 2.15M · Jul 2014
14021-bedAED 1.2M · Nov 2017
14032-bedAED 2.17M · Dec 2012
14041-bedAED 1.2M · Nov 2021
1406StudioAED 920K · May 2024
14071-bedAED 1.42M · Feb 2015
14082-bedAED 2.2M · Nov 2013
1–7 of 10

1405, Botanica Tower in numbers

  • Sold twice: first on 30 December 2012 for AED 632,305, last on 4 July 2024 for AED 830,000 (AED 1,782 per sqft).
  • Rented since July 2013 on 7 Ejari contracts, from AED 55,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 5,200 a year (AED 11.19 per sqft).
  • Studios in Botanica Tower sold for AED 1,120,000–1,170,000 in the 12 months to November 2026; the building's median across all types is AED 2,045 per sqft.

Source: Dubai Land Department. Updated 29 August 2024.

Questions about 1405, Botanica Tower

What did unit 1405 last sell for?

AED 830,000 on 4 July 2024: AED 1,782 per sqft for 466 sqft. The unit has 2 registered sales; the first was AED 632,305 in December 2012.

What is the rent for unit 1405?

AED 50,000 a year on the contract signed on 29 August 2024. The previous contract, from August 2022, was AED 50,000; the unit has been rented since July 2013.

How big is unit 1405?

466 sqft (43.3 sqm): a studio on the 14th floor of a 40-storey tower completed in 2016.

What is unit 1405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Botanica Tower sold for AED 1,120,000 to 1,170,000 in the last 12 months, around AED 2,443 per sqft.

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Mortgage on 1405, Botanica Tower

Starts from the last sale price (AED 830K, 4 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 830,000
Deposit, UAE resident (20%)
AED 166,000
Deposit, non-resident (40%)
AED 332,000
Monthly over 25 years at 3.7%
AED 3,396

Plus AED 39,870 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →