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1-bed · 469 sqftMarina Terrace Tower, Dubai Marina · 12th floor · completed 2006

123, Marina Terrace Tower

Sold prices and rental history: sold 3 times, last in March 2013, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 123 · DLD and Ejari recordsUpdated 17 August 2024
Last soldAED 450K18 March 2013
Current rentAED 100K /yr17 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 123, Marina Terrace Tower

What is 123 worth today?

Last sold for AED 450,000 in 2013

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17 Aug 2024RentedNew contract
AED 100,000/yr12 months · AED 107 per sqft
7 Dec 2017RentedNew contract
AED 120,000/yr12 months · AED 128 per sqft
18 Mar 2013SoldReady
AED 450,000AED 959 per sqft
14 Nov 2012SoldReady
AED 400,000AED 852 per sqft
22 Jan 2012Sold by developerReady
AED 659,000AED 702 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 August 2024.

Key facts

Type
1-bed apartment
Size
469 sqft
Floor
12th of 36
Parking
P2-109
Developer
DAMAC PROPERTIES CO
Completed
2006
Service charge
AED 9,800 /yr
Last sold
AED 450K · March 2013
Building
Marina Terrace Tower

About 123, Marina Terrace Tower

123 is a one-bedroom apartment of 469 sqft on the 12th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 18 March 2013 for AED 450,000, or AED 959 per sqft, 12% below the AED 1,095 one-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 17 August 2024, is AED 100,000 a year: a gross yield of 22.2% on the 2013 price, before the service charge of about AED 9,800 a year.

Sales and rents for 123 over time

Sales
Unit 123, each saleTypical one-bed in Marina Terrace Tower
1M2M2008201320182023Typical sale price by year: 2008 AED 725,000; 2009 AED 762,250; 2010 AED 610,000; 2011 AED 950,000; 2012 AED 892,500; 2013 AED 1,400,000; 2014 AED 1,775,000; 2015 AED 1,500,000; 2016 AED 1,425,000; 2017 AED 1,470,000; 2018 AED 1,350,000; 2019 AED 1,105,000; 2022 AED 1,375,000; 2023 AED 1,650,000; 2024 AED 1,735,000; 2025 AED 1,595,000Sold by developer, January 2012: AED 659,000 (AED 702 per sqft)Sold, November 2012: AED 400,000 (AED 852 per sqft)Sold, March 2013: AED 450,000 (AED 959 per sqft)

123 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 123, each contractTypical one-bed in Marina Terrace Tower
75K100K125K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 90,500; 2014 AED 100,000; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 70,000; 2022 AED 77,000; 2023 AED 91,000; 2024 AED 100,000; 2025 AED 100,000; 2026 AED 105,000New contract, December 2017: AED 120,000 a yearNew contract, August 2024: AED 100,000 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 Terrace Tower, and where 123 sits

All 75 1-beds →

123 last sold in March 2013 at AED 959 per sqft, 12% below what one-beds in Marina Terrace Tower were fetching at the time (AED 1,095). Over the last 12 months one-beds sold for AED 1,610,000 to 1,740,000, around AED 1,691 per sqft, and rent for AED 90,000 to 160,000 a year. 123's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Dec 20251,610,000
3 Jul 20251,770,000
14 Mar 20251,580,000
13 Mar 20251,540,000
2 1-bed sales in the last 12 months

Marina Terrace Tower

Building

188 apartments, 1-bed to 4-bed over 36 floors in Dubai Marina, completed in 2006 by DAMAC PROPERTIES CO. 5 sold in the last 12 months.

Typical price per sqft
AED 1,642
Typical sale
AED 2.84M
Typical rent
AED 140K /yr
Typical yield
6.3%
Marina Terrace Tower, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 188 units in Marina Terrace Tower
Value
1212-bedAED 1.98M · May 2013
1221-bedAED 1.4M · Apr 2013
1242-bedAED 2.4M · Mar 2013
1251-bedAED 1.38M · Apr 2022
1261-bedAED 799K · Aug 2008
1273-bedAED 2.28M · Sep 2013

123, Marina Terrace Tower in numbers

  • Sold 3 times: first on 22 January 2012 for AED 659,000, last on 18 March 2013 for AED 450,000 (AED 959 per sqft).
  • Rented since December 2017 on 2 Ejari contracts, from AED 120,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2013 price is 22.2%, before a service charge of about AED 9,800 a year (AED 20.83 per sqft).
  • One-beds in Marina Terrace Tower sold for AED 1,610,000–1,740,000 in the 12 months to November 2026; the building's median across all types is AED 1,642 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 17 August 2024.

Questions about 123, Marina Terrace Tower

What did unit 123 last sell for?

AED 450,000 on 18 March 2013: AED 959 per sqft for 469 sqft. The unit has 3 registered sales; the first was AED 659,000 in January 2012.

What is the rent for unit 123?

AED 100,000 a year on the contract signed on 17 August 2024. The previous contract, from December 2017, was AED 120,000.

How big is unit 123?

469 sqft (43.6 sqm): a one-bedroom apartment on the 12th floor of a 36-storey tower completed in 2006.

What is unit 123 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Terrace Tower sold for AED 1,610,000 to 1,740,000 in the last 12 months, around AED 1,691 per sqft.

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Mortgage on 123, Marina Terrace Tower

Starts from the last sale price (AED 450K, 18 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →