2-bed · 1,707 sqftDamac Heights, Dubai Marina · 48th floor · completed 2018

4803, Damac Heights

Sold prices and rental history: sold once, by the developer in November 2021, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4803 · DLD and Ejari recordsUpdated 30 September 2024
Last soldAED 2.29M2 November 2021
Current rentAED 220K /yr30 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4803, Damac Heights

What is 4803 worth today?

Last sold for AED 2,291,400 in 2021

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30 Sep 2024RentedNew contract
AED 220,000/yr12 months · AED 129 per sqft
20 Jan 2024RentedRenewal
AED 300,000/yr1 months · AED 176 per sqft
20 Nov 2023RentedRenewal
AED 300,000/yr1 months · AED 176 per sqft
20 Jul 2023RentedNew contract
AED 252,000/yr4 months · AED 148 per sqft
2 Nov 2021Sold by developerReady
AED 2,291,400AED 1,342 per sqft

Source: Dubai Land Department. Updated 30 September 2024.

Key facts

Type
2-bed apartment
Size
1,707 sqft
Floor
48th of 84
Parking
P4-30
Developer
DAMAC
Completed
2018
Service charge
AED 27,600 /yr
Last sold
AED 2.29M · November 2021

About 4803, Damac Heights

4803 is a two-bedroom apartment of 1,707 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 2 November 2021 for AED 2,291,400, or AED 1,342 per sqft, in line with the AED 1,311 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 30 September 2024, is AED 220,000 a year: a gross yield of 9.6% on the 2021 price, before the service charge of about AED 27,600 a year.

Sales and rents for 4803 over time

Sales
Unit 4803, 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, November 2021: AED 2,291,400 (AED 1,342 per sqft)

4803 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4803, each contractTypical two-bed in Damac Heights
100K200K300K2018202120242027Typical 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, July 2023: AED 252,000 a yearRenewal, November 2023: AED 300,000 a yearRenewal, January 2024: AED 300,000 a yearNew contract, September 2024: AED 220,000 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 4803 sits

All 245 2-beds →

4803 last sold in November 2021 at AED 1,342 per sqft, in line with what two-beds in Damac Heights were fetching at the time (AED 1,311). 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. 4803's AED 220,000 is in the upper 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
4 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. 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
48013-bedAED 5.26M · Oct 2013
48021-bedAED 2.11M · Sep 2013
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

4803, Damac Heights in numbers

  • Sold once: by DAMAC on 2 November 2021 for AED 2,291,400, or AED 1,342 per sqft.
  • Rented since July 2023 on 4 Ejari contracts, from AED 252,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2021 price is 9.6%, before a service charge of about AED 27,600 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 30 September 2024.

Questions about 4803, Damac Heights

What did unit 4803 last sell for?

AED 2,291,400 on 2 November 2021, sold by the developer: AED 1,342 per sqft for 1,707 sqft. It is the only registered sale of the unit.

What is the rent for unit 4803?

AED 220,000 a year on the contract signed on 30 September 2024. The previous contract, from January 2024, was AED 300,000; the unit has been rented since July 2023.

How big is unit 4803?

1,707 sqft (158.6 sqm): a two-bedroom apartment on the 48th floor of a 84-storey tower completed in 2018.

What is unit 4803 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 4803, Damac Heights

Starts from the last sale price (AED 2.29M, 2 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,291,400
Deposit, UAE resident (20%)
AED 458,280
Deposit, non-resident (40%)
AED 916,560
Monthly over 25 years at 3.7%
AED 9,375

Plus AED 101,249 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →