1501, Damac Heights
Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Damac Heights
What is 1501 worth today?
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Source: Dubai Land Department. Updated 7 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,239 sqft
- Floor
- 15th of 84
- Parking
- B4-16
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 20,000 /yr
- Last sold
- AED 2.05M · November 2024
- Building
- Damac Heights
About 1501, Damac Heights
1501 is a two-bedroom apartment of 1,239 sqft on the 15th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 7 November 2024 for AED 2,050,000, or AED 1,654 per sqft, 12% below the AED 1,887 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 28 November 2023, is AED 110,381 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 20,000 a year.
Sales and rents for 1501 over time
1501 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1501 sits
All 245 2-beds →1501 last sold in November 2024 at AED 1,654 per sqft, 12% below what two-beds in Damac Heights were fetching at the time (AED 1,887). Over the last 12 months two-beds sold for AED 1,437,480 to 3,335,000, around AED 1,969 per sqft, and rent for AED 140,000 to 300,000 a year. 1501's AED 110,381 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Jul 202517 July 2025 | 1,399 sqft | 3,200,000 | 2,287 | ||
| 11 Jun 202511 June 2025 | 1,298 sqft | 2,400,000 | 1,849 | ||
| 3 Jun 20253 June 2025 | 2,098 sqft | 3,700,000 | 1,763 | ||
| 25 May 202525 May 2025 | 27 sqft | 20,000 | 731 |
Damac Heights
Building641 apartments, 1-bed to 5-bed over 84 floors in Dubai Marina, completed in 2018 by DAMAC. 13 sold in the last 12 months.
- Typical price per sqft
- AED 2,025 Up 1.9%
- Typical sale
- AED 2.3M
- Typical rent
- AED 140K /yr
- Typical yield
- 6.2%
Other units on the 15th floor
All 641 units in Damac Heights| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 854 sqft | AED 1.48MAED 1,475,000 · Sep 2020September 2020 | 110,000 /yr | |
| 1503 | 1-bed | 848 sqft | AED 1.29MAED 1,290,000 · Apr 2022April 2022 | 125,000 /yr | |
| 1504 | 1-bed | 874 sqft | AED 1.73MAED 1,725,000 · Nov 2023November 2023 | 126,000 /yr | |
| 1505 | 1,463 sqft | AED 2.9MAED 2,900,000 · Nov 2025November 2025 | 145,000 /yr | ||
| 1506 | 1-bed | 1,228 sqft | AED 3.15MAED 3,150,000 · May 2024May 2024 | ||
| 1507 | 2-bed | 1,897 sqft | AED 2.43MAED 2,426,920 · Feb 2021February 2021 | ||
| 1508 | 1-bed | 928 sqft | AED 1.13MAED 1,126,170 · Aug 2021August 2021 | 120,000 /yr | |
| 1509 | 965 sqft | AED 1.73MAED 1,730,000 · Oct 2025October 2025 | 112,000 /yr | ||
| 1510 | 2-bed | 1,506 sqft | AED 2.73MAED 2,725,000 · Mar 2017March 2017 | 165,000 /yr |
1501, Damac Heights in numbers
- Sold twice: first on 26 March 2017 for AED 2,941,700, last on 7 November 2024 for AED 2,050,000 (AED 1,654 per sqft).
- Rented since November 2018 on 6 Ejari contracts. The rent fell from AED 130,000 to AED 95,000 in 2020 and recovered to AED 110,381 by November 2023.
- At AED 110,381 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 20,000 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 2,025 per sqft.
Source: Dubai Land Department. Updated 7 November 2024.
Questions about 1501, Damac Heights
What did unit 1501 last sell for?
AED 2,050,000 on 7 November 2024: AED 1,654 per sqft for 1,239 sqft. The unit has 2 registered sales; the first was AED 2,941,700 in March 2017.
What is the rent for unit 1501?
AED 110,381 a year on the contract renewed on 28 November 2023. The previous contract, from November 2022, was AED 110,000; the unit has been rented since November 2018.
How big is unit 1501?
1,239 sqft (115.1 sqm): a two-bedroom apartment on the 15th floor of a 84-storey tower completed in 2018.
What is unit 1501 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 1,969 per sqft.
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Mortgage on 1501, Damac Heights
Starts from the last sale price (AED 2.05M, 7 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus AED 91,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →