2-bed · 1,474 sqftDamac Heights, Dubai Marina · 12th floor · completed 2018

1206, Damac Heights

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1206 · DLD and Ejari recordsUpdated 25 September 2024
Last soldAED 4.1M3 August 2014
Current rentAED 169K /yr25 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1206, Damac Heights

What is 1206 worth today?

Last sold for AED 4,098,300 in 2014

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25 Sep 2024RentedRenewal
AED 169,000/yr12 months · AED 115 per sqft
25 Sep 2023RentedNew contract
AED 165,000/yr12 months · AED 112 per sqft
1 Sep 2022RentedRenewal
AED 140,000/yr12 months · AED 95 per sqft
1 Sep 2021RentedRenewal
AED 130,000/yr12 months · AED 88 per sqft
1 Sep 2020RentedRenewal
AED 110,000/yr12 months · AED 75 per sqft
1 Sep 2019RentedNew contract
AED 130,000/yr12 months · AED 88 per sqft
7 Dec 2018RentedNew contract
AED 135,000/yr12 months · AED 92 per sqft
3 Aug 2014Sold by developerOff-plan
AED 4,098,300AED 2,779 per sqft

Source: Dubai Land Department. Updated 25 September 2024.

Key facts

Type
2-bed apartment
Size
1,474 sqft
Floor
12th of 84
Parking
B5-62
Developer
DAMAC
Completed
2018
Service charge
AED 23,900 /yr
Last sold
AED 4.1M · August 2014

About 1206, Damac Heights

1206 is a two-bedroom apartment of 1,474 sqft on the 12th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 3 August 2014 for AED 4,098,300, or AED 2,779 per sqft, 13% above the AED 2,451 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 25 September 2024, is AED 169,000 a year: a gross yield of 4.1% on the 2014 price, before the service charge of about AED 23,900 a year.

Sales and rents for 1206 over time

Sales
Unit 1206, each saleTypical two-bed in Damac Heights
2M3M4M2009201420192024Typical sale price by year: 2009 AED 3,238,250; 2011 AED 1,937,100; 2012 AED 2,284,200; 2013 AED 3,447,450; 2014 AED 3,887,950; 2015 AED 3,500,000; 2016 AED 3,500,000; 2017 AED 2,927,386; 2018 AED 3,231,500; 2019 AED 2,704,000; 2020 AED 2,170,000; 2021 AED 2,249,700; 2022 AED 2,381,014; 2023 AED 2,600,000; 2024 AED 2,825,000; 2025 AED 2,736,250Sold by developer, August 2014: AED 4,098,300 (AED 2,779 per sqft)

1206 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1206, each contractTypical two-bed in Damac Heights
100K150K2018202120242027Typical rent by year: 2018 AED 138,500; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 140,000; 2023 AED 170,000; 2024 AED 175,978; 2025 AED 180,000; 2026 AED 177,626New contract, December 2018: AED 135,000 a yearNew contract, September 2019: AED 130,000 a yearRenewal, September 2020: AED 110,000 a yearRenewal, September 2021: AED 130,000 a yearRenewal, September 2022: AED 140,000 a yearNew contract, September 2023: AED 165,000 a yearRenewal, September 2024: AED 169,000 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 Damac Heights, and where 1206 sits

All 245 2-beds →

1206 last sold in August 2014 at AED 2,779 per sqft, 13% above what two-beds in Damac Heights were fetching at the time (AED 2,451). Over the last 12 months two-beds sold for AED 1,437,480 to 3,335,000, around AED 1,870 per sqft, and rent for AED 140,000 to 300,000 a year. 1206's AED 169,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Jul 20253,200,000
11 Jun 20252,400,000
3 Jun 20253,700,000
25 May 202520,000
2 2-bed sales in the last 12 months

Damac Heights

Building

641 apartments, 1-bed to 5-bed over 84 floors in Dubai Marina, completed in 2018 by DAMAC. 10 sold in the last 12 months.

Typical price per sqft
AED 2,003 Up 0.7%
Typical sale
AED 2.28M
Typical rent
AED 138K /yr
Typical yield
6.3%
Damac Heights, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 641 units in Damac Heights
Value
12011-bedAED 2.42M · Jan 2025
12021-bedAED 1.09M · Jan 2021
12031-bedAED 2.12M · Dec 2014
12041-bedAED 1.66M · Jun 2024
12052-bedAED 3.68M · Apr 2015
12072-bedAED 3.44M · Jun 2015
12081-bedAED 2.06M · Nov 2015
1–7 of 19

1206, Damac Heights in numbers

  • Sold once: by DAMAC on 3 August 2014 for AED 4,098,300, or AED 2,779 per sqft.
  • Rented since December 2018 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 110,000 in 2020 and recovered to AED 169,000 by September 2024.
  • At AED 169,000 a year the gross yield on the 2014 price is 4.1%, before a service charge of about AED 23,900 a year (AED 16.18 per sqft).
  • Two-beds in Damac Heights sold for AED 1,437,480–3,335,000 in the 12 months to November 2026; the building's median across all types is AED 2,003 per sqft.

Source: Dubai Land Department. Updated 25 September 2024.

Questions about 1206, Damac Heights

What did unit 1206 last sell for?

AED 4,098,300 on 3 August 2014, sold by the developer: AED 2,779 per sqft for 1,474 sqft. It is the only registered sale of the unit.

What is the rent for unit 1206?

AED 169,000 a year on the contract renewed on 25 September 2024. The previous contract, from September 2023, was AED 165,000; the unit has been rented since December 2018.

How big is unit 1206?

1,474 sqft (136.9 sqm): a two-bedroom apartment on the 12th floor of a 84-storey tower completed in 2018.

What is unit 1206 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Damac Heights sold for AED 1,437,480 to 3,335,000 in the last 12 months, around AED 1,870 per sqft.

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Mortgage on 1206, Damac Heights

Starts from the last sale price (AED 4.1M, 3 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,098,300
Deposit, UAE resident (20%)
AED 819,660
Deposit, non-resident (40%)
AED 1,639,320
Monthly over 25 years at 3.7%
AED 16,767

Plus AED 177,139 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →