2-bed · 1,329 sqftLa Riviera Tower, Dubai Marina · 4th floor · completed 2006

406, La Riviera Tower

Sold prices and rental history: sold once, by the developer in July 2009, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 2 August 2024
Last soldAED 775K23 July 2009
Current rentAED 109K /yr2 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, La Riviera Tower

What is 406 worth today?

Last sold for AED 775,000 in 2009

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2 Aug 2024RentedRenewal
AED 109,000/yr12 months · AED 82 per sqft
2 Aug 2023RentedRenewal
AED 94,875/yr12 months · AED 71 per sqft
2 Aug 2022RentedNew contract
AED 86,250/yr12 months · AED 65 per sqft
2 Aug 2021RentedRenewal
AED 75,000/yr12 months · AED 57 per sqft
2 Aug 2020RentedRenewal
AED 76,000/yr12 months · AED 57 per sqft
23 Jul 2009Sold by developerReady
AED 775,000AED 583 per sqft

Source: Dubai Land Department. Updated 2 August 2024.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
4th of 34
Parking
B2-65
Developer
B&M Riviera Properties Development
Completed
2006
Service charge
AED 18,800 /yr
Last sold
AED 775K · July 2009

About 406, La Riviera Tower

406 is a two-bedroom apartment of 1,329 sqft on the 4th floor of La Riviera Tower, a 34-storey tower in Dubai Marina completed in 2006 by B&M Riviera Properties Development. The developer sold it on 23 July 2009 for AED 775,000, or AED 583 per sqft, 12% below the AED 663 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 2 August 2024, is AED 109,000 a year: a gross yield of 14.1% on the 2009 price, before the service charge of about AED 18,800 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in La Riviera Tower
1M1.5M2008201320182023Typical sale price by year: 2008 AED 770,585; 2009 AED 808,500; 2010 AED 786,000; 2011 AED 862,500; 2012 AED 819,650; 2013 AED 809,750; 2014 AED 945,000; 2015 AED 1,450,000; 2016 AED 1,300,000; 2017 AED 1,375,000; 2018 AED 1,132,500; 2020 AED 1,000,000; 2021 AED 957,500; 2022 AED 1,120,000; 2023 AED 1,340,000; 2024 AED 1,603,625; 2025 AED 1,725,000Sold by developer, July 2009: AED 775,000 (AED 583 per sqft)

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

Rents
Unit 406, each contractTypical two-bed in La Riviera Tower
100K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 90,000; 2014 AED 110,000; 2015 AED 125,000; 2016 AED 115,000; 2017 AED 115,000; 2018 AED 100,000; 2019 AED 85,000; 2020 AED 70,000; 2021 AED 65,000; 2022 AED 80,000; 2023 AED 94,875; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 135,000Renewal, August 2020: AED 76,000 a yearRenewal, August 2021: AED 75,000 a yearNew contract, August 2022: AED 86,250 a yearRenewal, August 2023: AED 94,875 a yearRenewal, August 2024: AED 109,000 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 La Riviera Tower, and where 406 sits

All 120 2-beds →

406 last sold in July 2009 at AED 583 per sqft, 12% below what two-beds in La Riviera Tower were fetching at the time (AED 663). 406's AED 109,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Jul 20251,780,000
7 Apr 20251,480,000
20 Mar 20251,750,000
6 Feb 20251,800,000
0 2-bed sales in the last 12 months

La Riviera Tower

Building

180 apartments, 1-bed to 4-bed over 34 floors in Dubai Marina, completed in 2006 by B&M Riviera Properties Development. 1 sold in the last 12 months.

Typical price per sqft
AED 1,466
Typical sale
AED 2.68M
Typical rent
AED 120K /yr
Typical yield
7.0%
La Riviera Tower, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 180 units in La Riviera Tower
Value
4013-bedAED 1.92M · Mar 2024
4023-bedAED 1.37M · Mar 2010
4032-bedAED 1.03M · Jun 2021
4042-bedAED 1.34M · Dec 2023
4052-bedAED 695K · Dec 2012

406, La Riviera Tower in numbers

  • Sold once: by B&M Riviera Properties Development on 23 July 2009 for AED 775,000, or AED 583 per sqft.
  • Rented since August 2020 on 5 Ejari contracts, from AED 76,000 to AED 109,000 a year.
  • At AED 109,000 a year the gross yield on the 2009 price is 14.1%, before a service charge of about AED 18,800 a year (AED 14.16 per sqft).

Source: Dubai Land Department. Updated 2 August 2024.

Questions about 406, La Riviera Tower

What did unit 406 last sell for?

AED 775,000 on 23 July 2009, sold by the developer: AED 583 per sqft for 1,329 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 109,000 a year on the contract renewed on 2 August 2024. The previous contract, from August 2023, was AED 94,875; the unit has been rented since August 2020.

How big is unit 406?

1,329 sqft (123.5 sqm): a two-bedroom apartment on the 4th floor of a 34-storey tower completed in 2006.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 406, La Riviera Tower

Starts from the last sale price (AED 775K, 23 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 775,000
Deposit, UAE resident (20%)
AED 155,000
Deposit, non-resident (40%)
AED 310,000
Monthly over 25 years at 3.7%
AED 3,171

Plus AED 37,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →