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2-bed · 1,505 sqftDamac Heights, Dubai Marina · 77th floor · completed 2018

7703, Damac Heights

Sold prices and rental history: sold twice, last in November 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7703 · DLD and Ejari recordsUpdated 18 November 2020
Last soldAED 2M18 November 2020
Current rentAED 125K /yr22 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7703, Damac Heights

What is 7703 worth today?

Last sold for AED 2,000,000 in 2020

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18 Nov 2020SoldReady
AED 2,000,000AED 1,328 per sqft
22 Jun 2020RentedNew contract
AED 125,000/yr12 months · AED 83 per sqft
12 Jan 2020RentedNew contract
AED 140,000/yr12 months · AED 93 per sqft
26 Apr 2017Sold by developerOff-plan
AED 3,377,000AED 2,243 per sqft

Source: Dubai Land Department. Updated 18 November 2020.

Key facts

Type
2-bed apartment
Size
1,505 sqft
Floor
77th of 84
Parking
P1-17
Developer
DAMAC
Completed
2018
Service charge
AED 24,400 /yr
Last sold
AED 2M · November 2020
Building
Damac Heights

About 7703, Damac Heights

7703 is a two-bedroom apartment of 1,505 sqft on the 77th floor of Damac Heights, a 84-storey tower in Dubai Marina completed in 2018 by DAMAC. It last sold on 18 November 2020 for AED 2,000,000, or AED 1,328 per sqft, 7% below the AED 1,433 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 22 June 2020, is AED 125,000 a year: a gross yield of 6.3% on the 2020 price, before the service charge of about AED 24,400 a year.

Sales and rents for 7703 over time

Sales
Unit 7703, 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, April 2017: AED 3,377,000 (AED 2,243 per sqft)Sold, November 2020: AED 2,000,000 (AED 1,328 per sqft)

7703 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7703, each contractTypical two-bed in Damac Heights
150K2018202120242027Typical 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, January 2020: AED 140,000 a yearNew contract, June 2020: AED 125,000 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 7703 sits

All 245 2-beds →

7703 last sold in November 2020 at AED 1,328 per sqft, 7% below what two-beds in Damac Heights were fetching at the time (AED 1,433). 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. 7703's AED 125,000 is at the bottom 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 77th floor

All 641 units in Damac Heights
Value
77013-bedAED 3.05M · Feb 2023
77022-bedAED 4.62M · Dec 2016
77043-bedAED 4.37M · Apr 2017

7703, Damac Heights in numbers

  • Sold twice: first on 26 April 2017 for AED 3,377,000, last on 18 November 2020 for AED 2,000,000 (AED 1,328 per sqft).
  • Rented since January 2020 on 2 Ejari contracts, from AED 140,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 6.3%, before a service charge of about AED 24,400 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 18 November 2020.

Questions about 7703, Damac Heights

What did unit 7703 last sell for?

AED 2,000,000 on 18 November 2020: AED 1,328 per sqft for 1,505 sqft. The unit has 2 registered sales; the first was AED 3,377,000 in April 2017.

What is the rent for unit 7703?

AED 125,000 a year on the contract signed on 22 June 2020. The previous contract, from January 2020, was AED 140,000.

How big is unit 7703?

1,505 sqft (139.8 sqm): a two-bedroom apartment on the 77th floor of a 84-storey tower completed in 2018.

What is unit 7703 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 7703, Damac Heights

Starts from the last sale price (AED 2M, 18 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →