Penthouse · 1,039 sqftCayan Tower, Dubai Marina · 55th floor · completed 2013

5503, Cayan Tower

Sold prices and rental history: sold twice, last in October 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5503 · DLD and Ejari recordsUpdated 1 October 2021
Last soldAED 1.55M3 October 2013
Current rentAED 80K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5503, Cayan Tower

What is 5503 worth today?

Last sold for AED 1,545,000 in 2013

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1 Oct 2021RentedRenewal
AED 80,000/yr12 months · AED 77 per sqft
1 Oct 2020RentedNew contract
AED 80,000/yr12 months · AED 77 per sqft
1 Mar 2019RentedRenewal
AED 135,000/yr12 months · AED 131 per sqft
1 Mar 2018RentedNew contract
AED 140,000/yr12 months · AED 135 per sqft
20 Nov 2016RentedRenewal
AED 145,000/yr12 months · AED 140 per sqft
20 Nov 2015RentedNew contract
AED 145,000/yr12 months · AED 140 per sqft
3 Oct 2013SoldReady
AED 1,545,000AED 1,487 per sqft
15 Apr 2009Sold by developerOff-plan
AED 1,545,000AED 1,487 per sqft

Source: Dubai Land Department. Updated 1 October 2021.

Key facts

Type
Penthouse apartment
Size
1,039 sqft
Floor
55th of 73
Parking
P5-598
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 22,300 /yr
Last sold
AED 1.55M · October 2013
Building
Cayan Tower

About 5503, Cayan Tower

5503 is a penthouse of 1,039 sqft on the 55th floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. It last sold on 3 October 2013 for AED 1,545,000, or AED 1,487 per sqft, 6% above the AED 1,400 penthouses in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 1 October 2021, is AED 80,000 a year: a gross yield of 5.2% on the 2013 price, before the service charge of about AED 22,300 a year.

Sales and rents for 5503 over time

Sales
Unit 5503, each saleTypical penthouse in Cayan Tower
5M2009201420192024Typical sale price by year: 2009 AED 4,099,590; 2011 AED 3,162,149; 2012 AED 2,898,636; 2013 AED 3,162,149; 2014 AED 4,125,000; 2015 AED 4,768,500; 2016 AED 3,150,000; 2017 AED 3,000,000; 2018 AED 2,209,435; 2021 AED 3,200,000; 2022 AED 3,175,000; 2023 AED 4,300,000; 2024 AED 5,150,000; 2025 AED 7,975,000Sold by developer, April 2009: AED 1,545,000 (AED 1,487 per sqft)Sold, October 2013: AED 1,545,000 (AED 1,487 per sqft)

5503 has sold twice; the dashed line is the penthouse median of each year in the building.

Rents
Unit 5503, each contractTypical penthouse in Cayan Tower
100K200K300K2013201720212025Typical rent by year: 2013 AED 210,000; 2014 AED 220,000; 2015 AED 275,000; 2016 AED 230,000; 2017 AED 251,818; 2018 AED 212,000; 2019 AED 200,000; 2020 AED 140,137; 2021 AED 179,000; 2022 AED 180,000; 2023 AED 220,000; 2024 AED 230,000; 2025 AED 221,675New contract, November 2015: AED 145,000 a yearRenewal, November 2016: AED 145,000 a yearNew contract, March 2018: AED 140,000 a yearRenewal, March 2019: AED 135,000 a yearNew contract, October 2020: AED 80,000 a yearRenewal, October 2021: AED 80,000 a year

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

Penthouses in Cayan Tower, and where 5503 sits

All 70 penthouses →

5503 last sold in October 2013 at AED 1,487 per sqft, 6% above what penthouses in Cayan Tower were fetching at the time (AED 1,400). 5503's AED 80,000 is at the bottom of that range.

Recent penthouse salesUnit no.Price (AED)Summary
16 Jul 20253,200,000
23 Apr 20255,750,000
12 Feb 202510,200,000
21 Jan 202522,500,000
0 penthouse sales in the last 12 months

Cayan Tower

Building

495 apartments, studios to 3-bed over 73 floors in Dubai Marina, completed in 2013 by Cayan Real Estate Investment & Development. 16 sold in the last 12 months.

Typical price per sqft
AED 2,169 Up 7.3%
Typical sale
AED 2.54M
Typical rent
AED 139K /yr
Typical yield
6.4%
Cayan Tower, Dubai Marina: prices, sales and rents →

Other units on the 55th floor

All 495 units in Cayan Tower
Value
5501PenthouseAED 2.7M · Apr 2016
5502PenthouseAED 3.2M · Jul 2025
5504PenthouseAED 3.4M · Apr 2014
5505PenthouseAED 4.3M · Jun 2023
5506PenthouseAED 3.2M · Oct 2013
5507PenthouseAED 2.85M · Nov 2013
5508PenthouseAED 2.5M · Jun 2014
1–7 of 9

5503, Cayan Tower in numbers

  • Sold twice: first on 15 April 2009 for AED 1,545,000, last on 3 October 2013 for AED 1,545,000 (AED 1,487 per sqft).
  • Rented since November 2015 on 6 Ejari contracts, from AED 145,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2013 price is 5.2%, before a service charge of about AED 22,300 a year (AED 21.43 per sqft).

Source: Dubai Land Department. Updated 1 October 2021.

Questions about 5503, Cayan Tower

What did unit 5503 last sell for?

AED 1,545,000 on 3 October 2013: AED 1,487 per sqft for 1,039 sqft. The unit has 2 registered sales; the first was AED 1,545,000 in April 2009.

What is the rent for unit 5503?

AED 80,000 a year on the contract renewed on 1 October 2021. The previous contract, from October 2020, was AED 80,000; the unit has been rented since November 2015.

How big is unit 5503?

1,039 sqft (96.5 sqm): a penthouse on the 55th floor of a 73-storey tower completed in 2013.

What is unit 5503 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 5503, Cayan Tower

Starts from the last sale price (AED 1.55M, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,545,000
Deposit, UAE resident (20%)
AED 309,000
Deposit, non-resident (40%)
AED 618,000
Monthly over 25 years at 3.7%
AED 6,321

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