3-bed · 1,895 sqftDamac Heights, Dubai Marina · 48th floor · completed 2018

4801, Damac Heights

Sold prices and rental history: sold once, by the developer in October 2013, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4801 · DLD and Ejari recordsUpdated 8 July 2024
Last soldAED 5.26M10 October 2013
Current rentAED 220K /yr8 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4801, Damac Heights

What is 4801 worth today?

Last sold for AED 5,255,250 in 2013

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8 Jul 2024RentedRenewal
AED 220,000/yr12 months · AED 116 per sqft
8 Jul 2023RentedNew contract
AED 220,000/yr12 months · AED 116 per sqft
20 Aug 2022RentedNew contract
AED 200,000/yr12 months · AED 106 per sqft
1 Aug 2021RentedNew contract
AED 160,000/yr12 months · AED 84 per sqft
7 Feb 2019RentedNew contract
AED 180,000/yr12 months · AED 95 per sqft
10 Oct 2013Sold by developerOff-plan
AED 5,255,250AED 2,772 per sqft

Source: Dubai Land Department. Updated 8 July 2024.

Key facts

Type
3-bed apartment
Size
1,895 sqft
Floor
48th of 84
Parking
P4-28
Developer
DAMAC
Completed
2018
Service charge
AED 30,700 /yr
Last sold
AED 5.26M · October 2013

About 4801, Damac Heights

4801 is a three-bedroom apartment of 1,895 sqft on the 48th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 10 October 2013 for AED 5,255,250, or AED 2,772 per sqft, 3% below the AED 2,871 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 8 July 2024, is AED 220,000 a year: a gross yield of 4.2% on the 2013 price, before the service charge of about AED 30,700 a year.

Sales and rents for 4801 over time

Sales
Unit 4801, each saleTypical three-bed in Damac Heights
2M4M6M2013201720212025Typical sale price by year: 2013 AED 4,900,025; 2014 AED 6,334,750; 2015 AED 5,814,000; 2017 AED 3,875,938; 2018 AED 4,815,000; 2019 AED 4,256,000; 2020 AED 3,025,500; 2021 AED 2,482,715; 2022 AED 3,133,000; 2023 AED 3,050,000; 2024 AED 3,650,000; 2025 AED 3,800,000Sold by developer, October 2013: AED 5,255,250 (AED 2,772 per sqft)

4801 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4801, each contractTypical three-bed in Damac Heights
200K300K2018202120242027Typical rent by year: 2018 AED 187,500; 2019 AED 180,000; 2020 AED 146,000; 2021 AED 155,000; 2022 AED 175,000; 2023 AED 220,000; 2024 AED 226,835; 2025 AED 239,000; 2026 AED 280,000New contract, February 2019: AED 180,000 a yearNew contract, August 2021: AED 160,000 a yearNew contract, August 2022: AED 200,000 a yearNew contract, July 2023: AED 220,000 a yearRenewal, July 2024: AED 220,000 a year

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

3-beds in Damac Heights, and where 4801 sits

All 87 3-beds →

4801 last sold in October 2013 at AED 2,772 per sqft, 3% below what three-beds in Damac Heights were fetching at the time (AED 2,871). Over the last 12 months three-beds sold for AED 3,600,000 to 3,800,000, around AED 2,029 per sqft, and rent for AED 120,000 to 350,000 a year. 4801's AED 220,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Dec 20253,800,000
10 Dec 20253,600,000
23 Jul 20253,900,000
23 May 20254,300,000
2 3-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. 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%
Damac Heights, Dubai Marina: prices, sales and rents →

Other units on the 48th floor

All 641 units in Damac Heights
Value
48021-bedAED 2.11M · Sep 2013
48032-bedAED 2.29M · Nov 2021
48043-bedAED 5.55M · Jun 2013
48051-bedAED 2.42M · Dec 2016
48063-bedAED 2.88M · Mar 2021
48071-bedAED 2.05M · Dec 2024
48081-bedAED 1.75M · May 2018
1–7 of 8

4801, Damac Heights in numbers

  • Sold once: by DAMAC on 10 October 2013 for AED 5,255,250, or AED 2,772 per sqft.
  • Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 180,000 to AED 160,000 in 2021 and recovered to AED 220,000 by July 2024.
  • At AED 220,000 a year the gross yield on the 2013 price is 4.2%, before a service charge of about AED 30,700 a year (AED 16.18 per sqft).
  • Three-beds in Damac Heights sold for AED 3,600,000–3,800,000 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 8 July 2024.

Questions about 4801, Damac Heights

What did unit 4801 last sell for?

AED 5,255,250 on 10 October 2013, sold by the developer: AED 2,772 per sqft for 1,895 sqft. It is the only registered sale of the unit.

What is the rent for unit 4801?

AED 220,000 a year on the contract renewed on 8 July 2024. The previous contract, from July 2023, was AED 220,000; the unit has been rented since February 2019.

How big is unit 4801?

1,895 sqft (176.1 sqm): a three-bedroom apartment on the 48th floor of a 84-storey tower completed in 2018.

What is unit 4801 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Damac Heights sold for AED 3,600,000 to 3,800,000 in the last 12 months, around AED 2,029 per sqft.

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Mortgage on 4801, Damac Heights

Starts from the last sale price (AED 5.26M, 10 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,255,250
Deposit, UAE resident (20%)
AED 1,051,050
Deposit, non-resident (40%)
AED 2,102,100
Monthly over 25 years at 3.7%
AED 21,501

Plus AED 225,731 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →