62, Marina Terrace Tower
Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 62, Marina Terrace Tower
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,054 sqft
- Floor
- 6th of 36
- Parking
- P1-58
- Developer
- DAMAC PROPERTIES CO
- Completed
- 2006
- Service charge
- AED 22,000 /yr
- Last sold
- AED 1.37M · August 2023
- Building
- Marina Terrace Tower
About 62, Marina Terrace Tower
62 is a one-bedroom apartment of 1,054 sqft on the 6th floor of Marina Terrace Tower, a 36-storey tower in Dubai Marina completed in 2006 by DAMAC PROPERTIES CO. It last sold on 15 August 2023 for AED 1,370,000, or AED 1,299 per sqft, 17% below the AED 1,565 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 January 2023, is AED 120,000 a year: a gross yield of 8.8% on the 2023 price, before the service charge of about AED 22,000 a year.
Sales and rents for 62 over time
62 has sold twice; 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 62 sits
All 75 1-beds →62 last sold in August 2023 at AED 1,299 per sqft, 17% below what one-beds in Marina Terrace Tower were fetching at the time (AED 1,565). 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. 62's AED 120,000 is in the lower half 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 6th floor
All 188 units in Marina Terrace Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 61 | 2-bed | 1,543 sqft | AED 2MAED 2,000,000 · Mar 2015March 2015 | 149,584 /yr | |
| 63 | 1-bed | 938 sqft | AED 790KAED 790,000 · Sep 2008September 2008 | 93,000 /yr | |
| 64 | 2-bed | 1,817 sqft | AED 1.4MAED 1,400,000 · Oct 2013October 2013 | 170,000 /yr | |
| 65 | 1-bed | 944 sqft | AED 1.5MAED 1,500,000 · Sep 2015September 2015 | 95,000 /yr | |
| 66 | 1-bed | 1,055 sqft | AED 1.24MAED 1,243,000 · Aug 2008August 2008 | 90,000 /yr | |
| 67 | 3-bed | 1,645 sqft | AED 1.32MAED 1,320,073 · Aug 2014August 2014 |
62, Marina Terrace Tower in numbers
- Sold twice: first on 8 July 2008 for AED 799,000, last on 15 August 2023 for AED 1,370,000 (AED 1,299 per sqft).
- Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 100,000 to AED 68,000 in 2020 and recovered to AED 120,000 by January 2023.
- At AED 120,000 a year the gross yield on the 2023 price is 8.8%, 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 15 August 2023.
Questions about 62, Marina Terrace Tower
What did unit 62 last sell for?
AED 1,370,000 on 15 August 2023: AED 1,299 per sqft for 1,054 sqft. The unit has 2 registered sales; the first was AED 799,000 in July 2008.
What is the rent for unit 62?
AED 120,000 a year on the contract signed on 1 January 2023. The previous contract, from November 2021, was AED 71,400; the unit has been rented since December 2013.
How big is unit 62?
1,054 sqft (97.9 sqm): a one-bedroom apartment on the 6th floor of a 36-storey tower completed in 2006.
What is unit 62 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 62, Marina Terrace Tower
Starts from the last sale price (AED 1.37M, 15 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,370,000
- Deposit, UAE resident (20%)
- AED 274,000
- Deposit, non-resident (40%)
- AED 548,000
- Monthly over 25 years at 3.7%
- AED 5,605
Plus AED 62,550 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →