3-bed · 1,586 sqftMarina Tower, Dubai Marina · 5th floor · completed 2006

501, Marina Tower

Sold prices and rental history: sold twice, last in October 2016, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 10 November 2024
Last soldAED 2.8M27 October 2016
Current rentAED 183K /yr10 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Marina Tower

What is 501 worth today?

Last sold for AED 2,800,000 in 2016

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10 Nov 2024RentedRenewal
AED 182,500/yr12 months · AED 115 per sqft
10 Nov 2023RentedRenewal
AED 170,000/yr12 months · AED 107 per sqft
10 Nov 2022RentedRenewal
AED 170,000/yr12 months · AED 107 per sqft
10 Nov 2022RentedNew contract
AED 170,000/yr12 months · AED 107 per sqft
27 Oct 2016SoldReady
AED 2,800,000AED 1,765 per sqft
24 Sep 2013Sold by developerReady
AED 2,660,000AED 1,677 per sqft

Source: Dubai Land Department. Updated 10 November 2024.

Key facts

Type
3-bed apartment
Size
1,586 sqft
Floor
5th of 32
Parking
P1-020
Developer
Select Global Development
Completed
2006
Service charge
AED 26,800 /yr
Last sold
AED 2.8M · October 2016
Building
Marina Tower

About 501, Marina Tower

501 is a three-bedroom apartment of 1,586 sqft on the 5th floor of Marina Tower, a 32-storey tower in Dubai Marina completed in 2006 by Select Global Development. It last sold on 27 October 2016 for AED 2,800,000, or AED 1,765 per sqft.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 10 November 2024, is AED 182,500 a year: a gross yield of 6.5% on the 2016 price, before the service charge of about AED 26,800 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical three-bed in Marina Tower
2M3M4M2013201720212025Typical sale price by year: 2013 AED 2,950,000; 2014 AED 3,405,000; 2015 AED 3,750,000; 2018 AED 2,696,303; 2020 AED 1,870,000; 2021 AED 2,330,000; 2022 AED 2,412,500; 2023 AED 2,900,000; 2024 AED 3,150,000; 2025 AED 3,400,000Sold by developer, September 2013: AED 2,660,000 (AED 1,677 per sqft)Sold, October 2016: AED 2,800,000 (AED 1,765 per sqft)

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

Rents
Unit 501, each contractTypical three-bed in Marina Tower
150K200K2012201620202024Typical rent by year: 2012 AED 137,500; 2013 AED 148,500; 2014 AED 200,000; 2015 AED 210,000; 2016 AED 187,500; 2017 AED 176,000; 2018 AED 170,000; 2019 AED 160,000; 2020 AED 130,000; 2021 AED 125,750; 2022 AED 160,000; 2023 AED 177,500; 2024 AED 195,000; 2025 AED 212,500Renewal, November 2022: AED 170,000 a yearNew contract, November 2022: AED 170,000 a yearRenewal, November 2023: AED 170,000 a yearRenewal, November 2024: AED 182,500 a year

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

3-beds in Marina Tower, and where 501 sits

All 72 3-beds →

Over the last 12 months three-beds sold for AED 3,500,000 to 4,050,000, around AED 2,204 per sqft, and rent for AED 140,000 to 215,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Feb 20263,900,000
15 Jan 20263,500,000
30 Dec 202549,499
8 Jul 20253,000,000
4 3-bed sales in the last 12 months

Marina Tower

Building

197 apartments, 1-bed to 3-bed over 32 floors in Dubai Marina, completed in 2006 by Select Global Development. 6 sold in the last 12 months.

Typical price per sqft
AED 2,046
Typical sale
AED 3.7M
Typical rent
AED 145K /yr
Typical yield
5.5%
Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 197 units in Marina Tower
Value
5021-bedAED 1.44M · Jul 2024
5031-bedAED 1.39M · Dec 2013
5042-bedAED 1.92M · Aug 2013
5052-bedAED 1.35M · Apr 2021
5063-bedAED 2.9M · Nov 2023
5073-bedAED 3.1M · Nov 2013

501, Marina Tower in numbers

  • Sold twice: first on 24 September 2013 for AED 2,660,000, last on 27 October 2016 for AED 2,800,000 (AED 1,765 per sqft).
  • Rented since November 2022 on 4 Ejari contracts, from AED 170,000 to AED 182,500 a year.
  • At AED 182,500 a year the gross yield on the 2016 price is 6.5%, before a service charge of about AED 26,800 a year (AED 16.91 per sqft).
  • Three-beds in Marina Tower sold for AED 3,500,000–4,050,000 in the 12 months to November 2026; the building's median across all types is AED 2,046 per sqft.

Source: Dubai Land Department. Updated 10 November 2024.

Questions about 501, Marina Tower

What did unit 501 last sell for?

AED 2,800,000 on 27 October 2016: AED 1,765 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 2,660,000 in September 2013.

What is the rent for unit 501?

AED 182,500 a year on the contract renewed on 10 November 2024. The previous contract, from November 2023, was AED 170,000; the unit has been rented since November 2022.

How big is unit 501?

1,586 sqft (147.3 sqm): a three-bedroom apartment on the 5th floor of a 32-storey tower completed in 2006.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Tower sold for AED 3,500,000 to 4,050,000 in the last 12 months, around AED 2,204 per sqft.

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Mortgage on 501, Marina Tower

Starts from the last sale price (AED 2.8M, 27 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →