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1-bed · 760 sqftMarina View Towers A, Dubai Marina · 15th floor · completed 2007

1506, Marina View Towers A

Sold prices and rental history: sold once, by the developer in August 2009, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 6 November 2013
Last soldAED 701K20 August 2009
Current rentAED 85K /yr6 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, Marina View Towers A

What is 1506 worth today?

Last sold for AED 701,020 in 2009

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6 Nov 2013RentedNew contract
AED 85,000/yr12 months · AED 111 per sqft
2 Mar 2013RentedNew contract
AED 40,000/yr6 months · AED 52 per sqft
20 Aug 2009Sold by developerReady
AED 701,020AED 922 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 November 2013.

Key facts

Type
1-bed apartment
Size
760 sqft
Floor
15th of 23
Parking
B3/74
Developer
New City Developers
Completed
2007
Service charge
AED 12,600 /yr
Last sold
AED 701K · August 2009
Building
Marina View Towers A

About 1506, Marina View Towers A

1506 is a one-bedroom apartment of 760 sqft on the 15th floor of Marina View Towers A, a 23-storey tower in Dubai Marina completed in 2007 by New City Developers. The developer sold it on 20 August 2009 for AED 701,020, or AED 922 per sqft, 15% above the AED 802 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 6 November 2013, is AED 85,000 a year: a gross yield of 12.1% on the 2009 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical one-bed in Marina View Towers A
500K1M2009201420192024Typical sale price by year: 2009 AED 660,000; 2010 AED 575,021; 2011 AED 620,000; 2012 AED 730,665; 2013 AED 870,000; 2014 AED 1,190,000; 2015 AED 1,155,000; 2016 AED 1,110,000; 2017 AED 1,019,000; 2018 AED 858,000; 2020 AED 730,000; 2021 AED 665,000; 2022 AED 900,000; 2023 AED 1,115,000; 2024 AED 1,290,000; 2025 AED 1,280,000Sold by developer, August 2009: AED 701,020 (AED 922 per sqft)

1506 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1506, each contractTypical one-bed in Marina View Towers A
50K75K100K2012201620202024Typical rent by year: 2012 AED 60,000; 2013 AED 75,000; 2014 AED 90,000; 2015 AED 93,500; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 74,900; 2019 AED 65,000; 2020 AED 55,000; 2021 AED 50,000; 2022 AED 65,000; 2023 AED 80,000; 2024 AED 82,250; 2025 AED 85,000; 2026 AED 90,000New contract, March 2013: AED 40,000 a yearNew contract, November 2013: AED 85,000 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 View Towers A, and where 1506 sits

All 92 1-beds →

1506 last sold in August 2009 at AED 922 per sqft, 15% above what one-beds in Marina View Towers A were fetching at the time (AED 802). Over the last 12 months one-beds sold for AED 1,235,000 to 1,300,000, around AED 1,666 per sqft, and rent for AED 74,768 to 115,000 a year. 1506's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20261,300,000
30 Jul 20251,280,000
28 Jul 20251,325,000
18 Jul 20251,250,000
2 1-bed sales in the last 12 months

Marina View Towers A

Building

256 apartments, studios to 4-bed over 23 floors in Dubai Marina, completed in 2007 by New City Developers. 7 sold in the last 12 months.

Typical price per sqft
AED 1,666
Typical sale
AED 1.27M
Typical rent
AED 85K /yr
Typical yield
7.3%
Marina View Towers A, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 256 units in Marina View Towers A
Value
15011-bedAED 685K · May 2009
1502StudioAED 716K · Jul 2018
15032-bedAED 1.2M · Mar 2013
15042-bedAED 1.25M · Mar 2013
1505StudioAED 360K · May 2009
15071-bedAED 743K · Nov 2009
1508StudioAED 425K · Jun 2011
1–7 of 11

1506, Marina View Towers A in numbers

  • Sold once: by New City Developers on 20 August 2009 for AED 701,020, or AED 922 per sqft.
  • Rented since March 2013 on 2 Ejari contracts, from AED 40,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2009 price is 12.1%, before a service charge of about AED 12,600 a year (AED 16.65 per sqft).
  • One-beds in Marina View Towers A sold for AED 1,235,000–1,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,666 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 6 November 2013.

Questions about 1506, Marina View Towers A

What did unit 1506 last sell for?

AED 701,020 on 20 August 2009, sold by the developer: AED 922 per sqft for 760 sqft. It is the only registered sale of the unit.

What is the rent for unit 1506?

AED 85,000 a year on the contract signed on 6 November 2013. The previous contract, from March 2013, was AED 40,000.

How big is unit 1506?

760 sqft (70.6 sqm): a one-bedroom apartment on the 15th floor of a 23-storey tower completed in 2007.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina View Towers A sold for AED 1,235,000 to 1,300,000 in the last 12 months, around AED 1,666 per sqft.

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Mortgage on 1506, Marina View Towers A

Starts from the last sale price (AED 701K, 20 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 701,020
Deposit, UAE resident (20%)
AED 140,204
Deposit, non-resident (40%)
AED 280,408
Monthly over 25 years at 3.7%
AED 2,868

Plus AED 34,453 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →