2-bed · 1,216 sqftMarina Arcade Tower, Dubai Marina · completed 2017

503, Marina Arcade Tower

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 4 June 2024
Last soldAED 1.48M12 October 2023
Current rentAED 126K /yr4 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Marina Arcade Tower

What is 503 worth today?

Last sold for AED 1,480,000 in 2023

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4 Jun 2024RentedRenewal
AED 125,679/yr5 months · AED 103 per sqft
12 Oct 2023SoldReady
AED 1,480,000AED 1,216 per sqft
4 Jun 2023RentedRenewal
AED 120,000/yr12 months · AED 99 per sqft
4 Jun 2023RentedNew contract
AED 120,000/yr12 months · AED 99 per sqft
3 Jun 2022RentedNew contract
AED 119,668/yr12 months · AED 98 per sqft
6 Sep 2018Sold by developerReady
AED 1,514,450AED 1,244 per sqft

Source: Dubai Land Department. Updated 4 June 2024.

Key facts

Type
2-bed apartment
Size
1,216 sqft
Parking
LB-111
Developer
Marina Arcade Real Estate
Completed
2017
Service charge
AED 19,200 /yr
Last sold
AED 1.48M · October 2023

About 503, Marina Arcade Tower

503 is a two-bedroom apartment of 1,216 sqft of Marina Arcade Tower, a 45-storey tower in Dubai Marina completed in 2017 by Marina Arcade Real Estate. It last sold on 12 October 2023 for AED 1,480,000, or AED 1,216 per sqft, 16% below the AED 1,453 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 4 June 2024, is AED 125,679 a year: a gross yield of 8.5% on the 2023 price, before the service charge of about AED 19,200 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, September 2018: AED 1,514,450 (AED 1,244 per sqft)Sold, October 2023: AED 1,480,000 (AED 1,216 per sqft)

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

Rents
Unit 503, each contractTypical two-bed in Marina Arcade Tower
100K125K150K2017202020232026Typical 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, June 2022: AED 119,668 a yearRenewal, June 2023: AED 120,000 a yearNew contract, June 2023: AED 120,000 a yearRenewal, June 2024: AED 125,679 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 503 sits

All 191 2-beds →

503 last sold in October 2023 at AED 1,216 per sqft, 16% below what two-beds in Marina Arcade Tower were fetching at the time (AED 1,453). 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. 503's AED 125,679 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 →

503, Marina Arcade Tower in numbers

  • Sold twice: first on 6 September 2018 for AED 1,514,450, last on 12 October 2023 for AED 1,480,000 (AED 1,216 per sqft).
  • Rented since June 2022 on 4 Ejari contracts, from AED 119,668 to AED 125,679 a year.
  • At AED 125,679 a year the gross yield on the 2023 price is 8.5%, before a service charge of about AED 19,200 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 4 June 2024.

Questions about 503, Marina Arcade Tower

What did unit 503 last sell for?

AED 1,480,000 on 12 October 2023: AED 1,216 per sqft for 1,216 sqft. The unit has 2 registered sales; the first was AED 1,514,450 in September 2018.

What is the rent for unit 503?

AED 125,679 a year on the contract renewed on 4 June 2024. The previous contract, from June 2023, was AED 120,000; the unit has been rented since June 2022.

How big is unit 503?

1,216 sqft (113.0 sqm): a two-bedroom apartment of a 45-storey tower completed in 2017.

What is unit 503 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 503, Marina Arcade Tower

Starts from the last sale price (AED 1.48M, 12 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,480,000
Deposit, UAE resident (20%)
AED 296,000
Deposit, non-resident (40%)
AED 592,000
Monthly over 25 years at 3.7%
AED 6,055

Plus AED 67,170 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →