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2-bed · 1,161 sqftMarina Arcade Tower, Dubai Marina · completed 2017

1002, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 1.74M13 April 2016
Current rentAED 125K /yr20 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Marina Arcade Tower

What is 1002 worth today?

Last sold for AED 1,741,910 in 2016

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20 May 2024RentedNew contract
AED 125,000/yr12 months · AED 108 per sqft
7 Feb 2023RentedRenewal
AED 71,600/yr12 months · AED 62 per sqft
7 Aug 2022RentedNew contract
AED 68,250/yr6 months · AED 59 per sqft
8 Feb 2022RentedRenewal · flagged as an outlier
AED 22,791/yr18 months · AED 20 per sqft
27 Dec 2017RentedNew contract
AED 115,000/yr12 months · AED 99 per sqft
13 Apr 2016Sold by developerOff-plan
AED 1,741,910AED 1,500 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
2-bed apartment
Size
1,161 sqft
Parking
1F-69
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 18,300 /yr
Last sold
AED 1.74M · April 2016
Building
Marina Arcade Tower

About 1002, Marina Arcade Tower

1002 is a two-bedroom apartment of 1,161 sqft of Marina Arcade Tower, a 45-storey tower in Dubai Marina completed in 2017 by Marina Arcade Real Estate. The developer sold it on 13 April 2016 for AED 1,741,910, or AED 1,500 per sqft, 7% below the AED 1,611 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 20 May 2024, is AED 125,000 a year: a gross yield of 7.2% on the 2016 price, before the service charge of about AED 18,300 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical two-bed in Marina Arcade Tower
1M2M2016201920222025Typical sale price by year: 2016 AED 1,797,078; 2017 AED 1,864,193; 2018 AED 1,778,120; 2019 AED 1,600,000; 2020 AED 1,115,797; 2021 AED 1,600,000; 2022 AED 1,779,470; 2023 AED 2,135,500; 2024 AED 2,220,000; 2025 AED 2,150,000Sold by developer, April 2016: AED 1,741,910 (AED 1,500 per sqft)

1002 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1002, each contractTypical two-bed in Marina Arcade Tower
100K150K2017202020232026Typical rent by year: 2017 AED 135,000; 2018 AED 130,000; 2019 AED 115,000; 2020 AED 95,000; 2021 AED 91,813; 2022 AED 105,000; 2023 AED 125,000; 2024 AED 131,250; 2025 AED 139,000; 2026 AED 145,000New contract, December 2017: AED 115,000 a yearNew contract, August 2022: AED 68,250 a yearRenewal, February 2023: AED 71,600 a yearNew contract, May 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 Marina Arcade Tower, and where 1002 sits

All 191 2-beds →

1002 last sold in April 2016 at AED 1,500 per sqft, 7% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,611). Over the last 12 months two-beds sold for AED 2,200,000, around AED 1,377 per sqft, and rent for AED 110,000 to 170,000 a year. 1002's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Dec 202525,511
8 Dec 20252,200,000
20 Jun 202592,002
13 Jun 20252,919,700
2 2-bed sales in the last 12 months

Marina Arcade Tower

Building

19 apartments, studios to 4-bed over 45 floors in Dubai Marina, completed in 2017 by Marina Arcade Real Estate. 4 sold in the last 12 months.

Typical price per sqft
AED 1,553
Typical sale
AED 2.2M
Typical rent
AED 130K /yr
Typical yield
6.7%
Marina Arcade Tower, Dubai Marina: prices, sales and rents →

1002, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 13 April 2016 for AED 1,741,910, or AED 1,500 per sqft.
  • Rented since December 2017 on 5 Ejari contracts. The rent fell from AED 115,000 to AED 22,791 in 2022 and recovered to AED 125,000 by May 2024.
  • At AED 125,000 a year the gross yield on the 2016 price is 7.2%, before a service charge of about AED 18,300 a year (AED 15.77 per sqft).
  • Two-beds in Marina Arcade Tower sold for AED 2,200,000–2,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,553 per sqft.

Source: Dubai Land Department. Updated 20 May 2024.

Questions about 1002, Marina Arcade Tower

What did unit 1002 last sell for?

AED 1,741,910 on 13 April 2016, sold by the developer: AED 1,500 per sqft for 1,161 sqft. It is the only registered sale of the unit.

What is the rent for unit 1002?

AED 125,000 a year on the contract signed on 20 May 2024. The previous contract, from February 2023, was AED 71,600; the unit has been rented since December 2017.

How big is unit 1002?

1,161 sqft (107.9 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Arcade Tower sold for AED 2,200,000 to 2,200,000 in the last 12 months, around AED 1,377 per sqft.

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Mortgage on 1002, Marina Arcade Tower

Starts from the last sale price (AED 1.74M, 13 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,741,910
Deposit, UAE resident (20%)
AED 348,382
Deposit, non-resident (40%)
AED 696,764
Monthly over 25 years at 3.7%
AED 7,127

Plus AED 78,170 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →