1502, Marina Wharf Tower 1
Sold prices and rental history: sold once, by the developer in July 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Marina Wharf Tower 1
What is 1502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,417 sqft
- Floor
- 15th of 27
- Parking
- F-22
- Developer
- Dheeraj & East Coast
- Completed
- 2010
- Service charge
- AED 25,200 /yr
- Last sold
- AED 1.27M · July 2011
- Building
- Marina Wharf Tower 1
About 1502, Marina Wharf Tower 1
1502 is a two-bedroom apartment of 1,417 sqft on the 15th floor of Marina Wharf Tower 1, a 27-storey tower in Dubai Marina completed in 2010 by Dheeraj & East Coast. The developer sold it on 20 July 2011 for AED 1,273,950, or AED 899 per sqft, in line with the AED 899 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 5 September 2024, is AED 126,000 a year: a gross yield of 9.9% on the 2011 price, before the service charge of about AED 25,200 a year.
Sales and rents for 1502 over time
1502 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Marina Wharf Tower 1, and where 1502 sits
All 69 2-beds →1502 last sold in July 2011 at AED 899 per sqft, in line with what two-beds in Marina Wharf Tower 1 were fetching at the time (AED 899). 1502's AED 126,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Dec 202413 December 2024 | 1,439 sqft | 2,350,000 | 1,632 | ||
| 12 Aug 202412 August 2024 | 1,189 sqft | 1,950,000 | 1,640 | ||
| 30 Jul 202430 July 2024 | 1,555 sqft | 1,900,000 | 1,221 | ||
| 17 Jul 202417 July 2024 | 1,459 sqft | 2,060,000 | 1,411 |
Marina Wharf Tower 1
Building135 apartments, 1-bed to 4-bed over 27 floors in Dubai Marina, completed in 2010 by Dheeraj & East Coast. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,686
- Typical sale
- AED 2.6M
- Typical rent
- AED 118K /yr
- Typical yield
- 5.8%
Other units on the 15th floor
All 135 units in Marina Wharf Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,181 sqft | AED 1.35MAED 1,350,000 · Nov 2022November 2022 | 140,000 /yr | |
| 1503 | 1-bed | 823 sqft | AED 825KAED 825,000 · Jul 2018July 2018 | 90,000 /yr | |
| 1504 | 1-bed | 824 sqft | AED 710KAED 710,000 · Dec 2011December 2011 | 85,000 /yr | |
| 1505 | 2-bed | 1,439 sqft | AED 1.2MAED 1,200,000 · Aug 2021August 2021 | 160,000 /yr | |
| 1506 | 2-bed | 1,181 sqft | AED 1.29MAED 1,285,000 · Oct 2022October 2022 | 72,000 /yr |
1502, Marina Wharf Tower 1 in numbers
- Sold once: by Dheeraj & East Coast on 20 July 2011 for AED 1,273,950, or AED 899 per sqft.
- Rented since March 2014 on 7 Ejari contracts. The rent fell from AED 102,000 to AED 65,180 in 2021 and recovered to AED 126,000 by September 2024.
- At AED 126,000 a year the gross yield on the 2011 price is 9.9%, before a service charge of about AED 25,200 a year (AED 17.79 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.
Questions about 1502, Marina Wharf Tower 1
What did unit 1502 last sell for?
AED 1,273,950 on 20 July 2011, sold by the developer: AED 899 per sqft for 1,417 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 126,000 a year on the contract renewed on 5 September 2024. The previous contract, from September 2023, was AED 120,000; the unit has been rented since March 2014.
How big is unit 1502?
1,417 sqft (131.6 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2010.
What is unit 1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1502, Marina Wharf Tower 1
Starts from the last sale price (AED 1.27M, 20 July 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,273,950
- Deposit, UAE resident (20%)
- AED 254,790
- Deposit, non-resident (40%)
- AED 509,580
- Monthly over 25 years at 3.7%
- AED 5,212
Plus AED 58,516 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →