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2-bed · 1,653 sqftMarina Arcade Tower, Dubai Marina · completed 2017

1408, Marina Arcade Tower

Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 2.12M18 October 2022
Current rentAED 170K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1408, Marina Arcade Tower

What is 1408 worth today?

Last sold for AED 2,115,000 in 2022

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5 Sep 2024RentedNew contract
AED 170,000/yr12 months · AED 103 per sqft
18 Oct 2022Sold by developerReady
AED 2,115,000AED 1,279 per sqft
7 Jun 2021RentedRenewal
AED 100,000/yr12 months · AED 60 per sqft
7 May 2020RentedNew contract
AED 110,769/yr13 months · AED 67 per sqft

Source: Dubai Land Department. Updated 5 September 2024.

Key facts

Type
2-bed apartment
Size
1,653 sqft
Parking
UB-103
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 26,100 /yr
Last sold
AED 2.12M · October 2022
Building
Marina Arcade Tower

About 1408, Marina Arcade Tower

1408 is a two-bedroom apartment of 1,653 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 18 October 2022 for AED 2,115,000, or AED 1,279 per sqft, in line with the AED 1,248 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 5 September 2024, is AED 170,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 26,100 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, 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, October 2022: AED 2,115,000 (AED 1,279 per sqft)

1408 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1408, 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, May 2020: AED 110,769 a yearRenewal, June 2021: AED 100,000 a yearNew contract, September 2024: AED 170,000 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 1408 sits

All 191 2-beds →

1408 last sold in October 2022 at AED 1,279 per sqft, in line with what two-beds in Marina Arcade Tower were fetching at the time (AED 1,248). 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. 1408's AED 170,000 is at the top 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 →

1408, Marina Arcade Tower in numbers

  • Sold once: by Marina Arcade Real Estate on 18 October 2022 for AED 2,115,000, or AED 1,279 per sqft.
  • Rented since May 2020 on 3 Ejari contracts, from AED 110,769 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2022 price is 8.0%, before a service charge of about AED 26,100 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 5 September 2024.

Questions about 1408, Marina Arcade Tower

What did unit 1408 last sell for?

AED 2,115,000 on 18 October 2022, sold by the developer: AED 1,279 per sqft for 1,653 sqft. It is the only registered sale of the unit.

What is the rent for unit 1408?

AED 170,000 a year on the contract signed on 5 September 2024. The previous contract, from June 2021, was AED 100,000; the unit has been rented since May 2020.

How big is unit 1408?

1,653 sqft (153.6 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 1408 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 1408, Marina Arcade Tower

Starts from the last sale price (AED 2.12M, 18 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,115,000
Deposit, UAE resident (20%)
AED 423,000
Deposit, non-resident (40%)
AED 846,000
Monthly over 25 years at 3.7%
AED 8,653

Plus AED 93,840 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →