242, Marina Terrace Tower
Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 242, Marina Terrace Tower
What is 242 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 29 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,054 sqft
- Floor
- 24th of 36
- Parking
- P4-185
- Developer
- DAMAC PROPERTIES CO
- Completed
- 2006
- Service charge
- AED 22,000 /yr
- Last sold
- AED 595K · December 2011
- Building
- Marina Terrace Tower
About 242, Marina Terrace Tower
242 is a one-bedroom apartment of 1,054 sqft on the 24th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. The developer sold it on 7 December 2011 for AED 595,000, or AED 564 per sqft, 36% below the AED 881 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 29 September 2023, is AED 75,000 a year: a gross yield of 12.6% on the 2011 price, before the service charge of about AED 22,000 a year.
Sales and rents for 242 over time
242 has sold once; the dashed line is the one-bed median of each year in the building.
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 242 sits
All 75 1-beds →242 last sold in December 2011 at AED 564 per sqft, 36% below what one-beds in Marina Terrace Tower were fetching at the time (AED 881). 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. 242's AED 75,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Dec 202516 December 2025 | 1,055 sqft | 1,610,000 | 1,526 | ||
| 3 Jul 20253 July 2025 | 943 sqft | 1,770,000 | 1,876 | ||
| 14 Mar 202514 March 2025 | 944 sqft | 1,580,000 | 1,673 | ||
| 13 Mar 202513 March 2025 | 1,054 sqft | 1,540,000 | 1,461 |
Marina Terrace Tower
Building188 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%
Other units on the 24th floor
All 188 units in Marina Terrace Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 241 | 2-bed | 1,543 sqft | AED 1.55MAED 1,550,000 · Sep 2022September 2022 | 165,000 /yr | |
| 243 | 1-bed | 938 sqft | AED 545KAED 545,000 · Sep 2015September 2015 | ||
| 244 | 2-bed | 1,820 sqft | AED 2MAED 2,000,000 · Sep 2009September 2009 | 180,000 /yr | |
| 245 | 1-bed | 943 sqft | AED 1.35MAED 1,350,000 · Apr 2018April 2018 | ||
| 246 | 1-bed | 1,054 sqft | AED 1.8MAED 1,800,000 · Apr 2016April 2016 | 90,000 /yr | |
| 247 | 3-bed | 1,640 sqft | AED 2MAED 2,000,000 · Jun 2022June 2022 |
242, Marina Terrace Tower in numbers
- Sold once: by DAMAC PROPERTIES CO on 7 December 2011 for AED 595,000, or AED 564 per sqft.
- Rented since March 2015 on 7 Ejari contracts, from AED 108,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2011 price is 12.6%, before a service charge of about AED 22,000 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 29 September 2023.
Questions about 242, Marina Terrace Tower
What did unit 242 last sell for?
AED 595,000 on 7 December 2011, sold by the developer: AED 564 per sqft for 1,054 sqft. It is the only registered sale of the unit.
What is the rent for unit 242?
AED 75,000 a year on the contract renewed on 29 September 2023. The previous contract, from September 2022, was AED 75,000; the unit has been rented since March 2015.
How big is unit 242?
1,054 sqft (97.9 sqm): a one-bedroom apartment on the 24th floor of a 36-storey tower completed in 2006.
What is unit 242 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 242, Marina Terrace Tower
Starts from the last sale price (AED 595K, 7 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 595,000
- Deposit, UAE resident (20%)
- AED 119,000
- Deposit, non-resident (40%)
- AED 238,000
- Monthly over 25 years at 3.7%
- AED 2,434
Plus AED 30,000 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →