3-bed · 1,851 sqftDamac Heights, Dubai Marina · 70th floor · completed 2018

7003, Damac Heights

Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7003 · DLD and Ejari recordsUpdated 22 August 2024
Last soldAED 4.83M28 January 2018
Current rentAED 201K /yr22 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7003, Damac Heights

What is 7003 worth today?

Last sold for AED 4,825,000 in 2018

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22 Aug 2024RentedRenewal
AED 200,794/yr4 months · AED 109 per sqft
22 Aug 2023RentedRenewal
AED 200,000/yr12 months · AED 108 per sqft
22 Aug 2022RentedNew contract
AED 200,000/yr12 months · AED 108 per sqft
24 Nov 2020RentedNew contract
AED 125,000/yr24 months · AED 68 per sqft
25 Mar 2019RentedNew contract
AED 200,000/yr12 months · AED 108 per sqft
28 Jan 2018Sold by developerOff-plan
AED 4,825,000AED 2,607 per sqft

Source: Dubai Land Department. Updated 22 August 2024.

Key facts

Type
3-bed apartment
Size
1,851 sqft
Floor
70th of 84
Parking
G-11
Developer
DAMAC
Completed
2018
Service charge
AED 29,900 /yr
Last sold
AED 4.83M · January 2018

About 7003, Damac Heights

7003 is a three-bedroom apartment of 1,851 sqft on the 70th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. The developer sold it on 28 January 2018 for AED 4,825,000, or AED 2,607 per sqft, 18% above the AED 2,204 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 22 August 2024, is AED 200,794 a year: a gross yield of 4.2% on the 2018 price, before the service charge of about AED 29,900 a year.

Sales and rents for 7003 over time

Sales
Unit 7003, 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, January 2018: AED 4,825,000 (AED 2,607 per sqft)

7003 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7003, each contractTypical three-bed in Damac Heights
100K200K300K2018202120242027Typical 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, March 2019: AED 200,000 a yearNew contract, November 2020: AED 125,000 a yearNew contract, August 2022: AED 200,000 a yearRenewal, August 2023: AED 200,000 a yearRenewal, August 2024: AED 200,794 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 7003 sits

All 87 3-beds →

7003 last sold in January 2018 at AED 2,607 per sqft, 18% above what three-beds in Damac Heights were fetching at the time (AED 2,204). 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. 7003's AED 200,794 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 70th floor

All 641 units in Damac Heights
Value
70013-bedAED 7.47M · Apr 2018
70024-bedAED 5.7M · Nov 2019
70043-bedAED 5.96M · Apr 2018

7003, Damac Heights in numbers

  • Sold once: by DAMAC on 28 January 2018 for AED 4,825,000, or AED 2,607 per sqft.
  • Rented since March 2019 on 5 Ejari contracts. The rent fell from AED 200,000 to AED 125,000 in 2020 and recovered to AED 200,794 by August 2024.
  • At AED 200,794 a year the gross yield on the 2018 price is 4.2%, before a service charge of about AED 29,900 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 22 August 2024.

Questions about 7003, Damac Heights

What did unit 7003 last sell for?

AED 4,825,000 on 28 January 2018, sold by the developer: AED 2,607 per sqft for 1,851 sqft. It is the only registered sale of the unit.

What is the rent for unit 7003?

AED 200,794 a year on the contract renewed on 22 August 2024. The previous contract, from August 2023, was AED 200,000; the unit has been rented since March 2019.

How big is unit 7003?

1,851 sqft (172.0 sqm): a three-bedroom apartment on the 70th floor of a 84-storey tower completed in 2018.

What is unit 7003 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 7003, Damac Heights

Starts from the last sale price (AED 4.83M, 28 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 4,825,000
Deposit, UAE resident (20%)
AED 965,000
Deposit, non-resident (40%)
AED 1,930,000
Monthly over 25 years at 3.7%
AED 19,741

Plus AED 207,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →