1-bed · 743 sqftMarina Heights Tower, Dubai Marina · 16th floor · completed 2006

1608, Marina Heights Tower

Sold prices and rental history: sold once, by the developer in March 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1608 · DLD and Ejari recordsUpdated 14 October 2024
Last soldAED 1.02M3 March 2010
Current rentAED 93K /yr14 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1608, Marina Heights Tower

What is 1608 worth today?

Last sold for AED 1,020,000 in 2010

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14 Oct 2024RentedRenewal
AED 93,000/yr12 months · AED 125 per sqft
1 Sep 2022RentedRenewal
AED 66,000/yr12 months · AED 89 per sqft
1 Sep 2021RentedRenewal
AED 60,000/yr12 months · AED 81 per sqft
1 Sep 2020RentedNew contract
AED 55,000/yr12 months · AED 74 per sqft
15 Jul 2019RentedRenewal
AED 70,000/yr12 months · AED 94 per sqft
15 Jul 2018RentedNew contract
AED 73,000/yr12 months · AED 98 per sqft
1 Jun 2017RentedNew contract
AED 80,750/yr12 months · AED 117 per sqft
1 Mar 2016RentedNew contract
AED 90,000/yr12 months · AED 131 per sqft

Source: Dubai Land Department. Updated 14 October 2024.

Key facts

Type
1-bed apartment
Size
743 sqft
Floor
16th of 53
Parking
B3-39
Developer
SRG
Completed
2006
Service charge
AED 13,300 /yr
Last sold
AED 1.02M · March 2010

About 1608, Marina Heights Tower

1608 is a one-bedroom apartment of 743 sqft on the 16th floor of Marina Heights Tower, a 53-storey tower in Dubai Marina completed in 2006 by SRG. The developer sold it on 3 March 2010 for AED 1,020,000, or AED 1,489 per sqft, 76% above the AED 847 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 14 October 2024, is AED 93,000 a year: a gross yield of 9.1% on the 2010 price, before the service charge of about AED 13,300 a year.

Sales and rents for 1608 over time

Sales
Unit 1608, each saleTypical one-bed in Marina Heights Tower
500K1M1.5M2007201220172022Typical sale price by year: 2007 AED 704,070; 2008 AED 718,830; 2009 AED 658,487; 2010 AED 703,337; 2011 AED 696,000; 2012 AED 574,814; 2013 AED 907,500; 2014 AED 1,350,000; 2015 AED 1,137,500; 2016 AED 1,275,000; 2017 AED 1,062,500; 2019 AED 765,000; 2022 AED 900,000; 2023 AED 1,150,000; 2024 AED 1,275,000; 2025 AED 1,375,000Sold by developer, March 2010: AED 1,020,000 (AED 1,489 per sqft)

1608 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1608, each contractTypical one-bed in Marina Heights Tower
50K75K100K2012201620202024Typical rent by year: 2012 AED 65,000; 2013 AED 80,000; 2014 AED 85,000; 2015 AED 90,000; 2016 AED 90,000; 2017 AED 90,000; 2018 AED 75,000; 2019 AED 70,000; 2020 AED 55,600; 2021 AED 58,000; 2022 AED 70,000; 2023 AED 76,900; 2024 AED 90,877; 2025 AED 90,000; 2026 AED 87,500New contract, January 2013: AED 90,000 a yearNew contract, February 2014: AED 90,000 a yearNew contract, March 2015: AED 105,000 a yearNew contract, March 2016: AED 90,000 a yearNew contract, June 2017: AED 80,750 a yearNew contract, July 2018: AED 73,000 a yearRenewal, July 2019: AED 70,000 a yearNew contract, September 2020: AED 55,000 a yearRenewal, September 2021: AED 60,000 a yearRenewal, September 2022: AED 66,000 a yearRenewal, October 2024: AED 93,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Marina Heights Tower, and where 1608 sits

All 88 1-beds →

1608 last sold in March 2010 at AED 1,489 per sqft, 76% above what one-beds in Marina Heights Tower were fetching at the time (AED 847). 1608's AED 93,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
30 Jul 20251,215,000
17 Jul 20251,375,000
29 Apr 20251,350,000
11 Apr 20251,490,000
0 1-bed sales in the last 12 months

Marina Heights Tower

Building

375 apartments, 1-bed to 5-bed over 53 floors in Dubai Marina, completed in 2006 by SRG. 3 sold in the last 12 months.

Typical price per sqft
AED 1,550
Typical sale
AED 1.91M
Typical rent
AED 126K /yr
Typical yield
6.3%
Marina Heights Tower, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 375 units in Marina Heights Tower
Value
16012-bedAED 1.7M · Jun 2022
16032-bedAED 775K · Aug 2017
16042-bedAED 1.28M · Nov 2019
16052-bedAED 1.58M · Apr 2024
16061-bedAED 1.19M · May 2023
16071-bedAED 1.35M · Jul 2024
16091-bedAED 638K · May 2007
1–7 of 9

1608, Marina Heights Tower in numbers

  • Sold once: by SRG on 3 March 2010 for AED 1,020,000, or AED 1,489 per sqft.
  • Rented since January 2013 on 11 Ejari contracts. The rent fell from AED 90,000 to AED 55,000 in 2020 and recovered to AED 93,000 by October 2024.
  • At AED 93,000 a year the gross yield on the 2010 price is 9.1%, before a service charge of about AED 13,300 a year (AED 17.95 per sqft).

Source: Dubai Land Department. Updated 14 October 2024.

Questions about 1608, Marina Heights Tower

What did unit 1608 last sell for?

AED 1,020,000 on 3 March 2010, sold by the developer: AED 1,489 per sqft for 743 sqft. It is the only registered sale of the unit.

What is the rent for unit 1608?

AED 93,000 a year on the contract renewed on 14 October 2024. The previous contract, from September 2022, was AED 66,000; the unit has been rented since January 2013.

How big is unit 1608?

743 sqft (69.0 sqm): a one-bedroom apartment on the 16th floor of a 53-storey tower completed in 2006.

What is unit 1608 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 1608, Marina Heights Tower

Starts from the last sale price (AED 1.02M, 3 March 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

Plus AED 47,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →