2-bed · 1,382 sqftDorra Bay Tower, Dubai Marina · 7th floor · completed 2008

708, Dorra Bay Tower

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 11 October 2024
Last soldAED 864K29 April 2009
Current rentAED 125K /yr11 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Dorra Bay Tower

What is 708 worth today?

Last sold for AED 863,571 in 2009

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11 Oct 2024RentedNew contract
AED 125,000/yr12 months · AED 91 per sqft
26 Aug 2023RentedRenewal
AED 120,000/yr12 months · AED 87 per sqft
26 Aug 2022RentedNew contract
AED 114,000/yr12 months · AED 82 per sqft
26 May 2021RentedNew contract
AED 90,000/yr12 months · AED 65 per sqft
26 May 2019RentedNew contract
AED 105,000/yr12 months · AED 76 per sqft
24 Aug 2014RentedNew contract
AED 145,000/yr12 months · AED 105 per sqft
1 Nov 2013RentedNew contract
AED 60,000/yr12 months · AED 44 per sqft
29 Apr 2009Sold by developerReady
AED 863,571AED 624 per sqft

Source: Dubai Land Department. Updated 11 October 2024.

Key facts

Type
2-bed apartment
Size
1,382 sqft
Floor
7th of 21
Parking
15B/16B
Developer
Cayan Real Estate Investment & Development
Completed
2008
Service charge
AED 29,000 /yr
Last sold
AED 864K · April 2009

About 708, Dorra Bay Tower

708 is a two-bedroom apartment of 1,382 sqft on the 7th floor of Dorra Bay Tower, a 21-storey tower in Dubai Marina completed in 2008 by Cayan Real Estate Investment & Development. The developer sold it on 29 April 2009 for AED 863,571, or AED 624 per sqft, 18% below the AED 757 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 11 October 2024, is AED 125,000 a year: a gross yield of 14.5% on the 2009 price, before the service charge of about AED 29,000 a year.

Sales and rents for 708 over time

Sales
Unit 708, each saleTypical two-bed in Dorra Bay Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,074,924; 2010 AED 1,269,386; 2011 AED 1,125,000; 2012 AED 1,387,000; 2013 AED 1,650,000; 2014 AED 2,150,000; 2016 AED 1,500,000; 2018 AED 1,575,000; 2019 AED 1,300,000; 2020 AED 1,150,000; 2021 AED 1,200,000; 2022 AED 1,120,000; 2023 AED 1,900,000; 2024 AED 2,180,000; 2025 AED 2,070,000Sold by developer, April 2009: AED 863,571 (AED 624 per sqft)

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

Rents
Unit 708, each contractTypical two-bed in Dorra Bay Tower
50K100K150K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 117,500; 2014 AED 135,000; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 96,000; 2020 AED 85,000; 2021 AED 90,000; 2022 AED 110,000; 2023 AED 125,000; 2024 AED 130,000; 2025 AED 135,625New contract, November 2013: AED 60,000 a yearNew contract, August 2014: AED 145,000 a yearNew contract, May 2019: AED 105,000 a yearNew contract, May 2021: AED 90,000 a yearNew contract, August 2022: AED 114,000 a yearRenewal, August 2023: AED 120,000 a yearNew contract, October 2024: 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 Dorra Bay Tower, and where 708 sits

All 62 2-beds →

708 last sold in April 2009 at AED 624 per sqft, 18% below what two-beds in Dorra Bay Tower were fetching at the time (AED 757). Over the last 12 months two-beds sold for AED 2,000,000 to 2,950,000, around AED 1,600 per sqft, and rent for AED 100,000 to 130,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Feb 20262,950,000
14 Jan 20262,350,000
28 May 20252,150,000
27 May 20251,950,000
3 2-bed sales in the last 12 months

Dorra Bay Tower

Building

189 apartments, 1-bed to 4-bed over 21 floors in Dubai Marina, completed in 2008 by Cayan Real Estate Investment & Development. 6 sold in the last 12 months.

Typical price per sqft
AED 1,414
Typical sale
AED 2.18M
Typical rent
AED 100K /yr
Typical yield
7.3%
Dorra Bay Tower, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 189 units in Dorra Bay Tower
Value
7013-bedAED 2.86M · Mar 2014
7022-bedAED 2.48M · Oct 2024
7033-bedAED 1.58M · Aug 2021
7042-bedAED 1.63M · May 2017
7053-bedAED 1.95M · Dec 2022
7062-bedAED 1.56M · Jul 2018
7073-bedAED 2.12M · Nov 2022

708, Dorra Bay Tower in numbers

  • Sold once: by Cayan Real Estate Investment & Development on 29 April 2009 for AED 863,571, or AED 624 per sqft.
  • Rented since November 2013 on 7 Ejari contracts, from AED 60,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2009 price is 14.5%, before a service charge of about AED 29,000 a year (AED 20.98 per sqft).
  • Two-beds in Dorra Bay Tower sold for AED 2,000,000–2,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,414 per sqft.

Source: Dubai Land Department. Updated 11 October 2024.

Questions about 708, Dorra Bay Tower

What did unit 708 last sell for?

AED 863,571 on 29 April 2009, sold by the developer: AED 624 per sqft for 1,382 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 125,000 a year on the contract signed on 11 October 2024. The previous contract, from August 2023, was AED 120,000; the unit has been rented since November 2013.

How big is unit 708?

1,382 sqft (128.4 sqm): a two-bedroom apartment on the 7th floor of a 21-storey tower completed in 2008.

What is unit 708 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Dorra Bay Tower sold for AED 2,000,000 to 2,950,000 in the last 12 months, around AED 1,600 per sqft.

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Mortgage on 708, Dorra Bay Tower

Starts from the last sale price (AED 864K, 29 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 863,571
Deposit, UAE resident (20%)
AED 172,714
Deposit, non-resident (40%)
AED 345,428
Monthly over 25 years at 3.7%
AED 3,533

Plus AED 41,280 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →