1506, Marina Wharf Tower 1
Sold prices and rental history: sold 4 times, last in October 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Marina Wharf Tower 1
What is 1506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 17 October 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,181 sqft
- Floor
- 15th of 27
- Parking
- F-26
- Developer
- Dheeraj & East Coast
- Completed
- 2010
- Service charge
- AED 21,000 /yr
- Last sold
- AED 1.29M · October 2022
- Building
- Marina Wharf Tower 1
About 1506, Marina Wharf Tower 1
1506 is a two-bedroom apartment of 1,181 sqft on the 15th floor of Marina Wharf Tower 1, a 27-storey tower in Dubai Marina completed in 2010 by Dheeraj & East Coast. It last sold on 17 October 2022 for AED 1,285,000, or AED 1,088 per sqft, in line with the AED 1,061 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 20 January 2022, is AED 72,000 a year: a gross yield of 5.6% on the 2022 price, before the service charge of about AED 21,000 a year.
Sales and rents for 1506 over time
1506 has sold 4 times; 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 1506 sits
All 69 2-beds →1506 last sold in October 2022 at AED 1,088 per sqft, in line with what two-beds in Marina Wharf Tower 1 were fetching at the time (AED 1,061). 1506's AED 72,000 is at the bottom 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 | |
| 1502 | 2-bed | 1,417 sqft | AED 1.27MAED 1,273,950 · Jul 2011July 2011 | 126,000 /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, Marina Wharf Tower 1 in numbers
- Sold 4 times: first on 3 August 2011 for AED 1,401,972, last on 17 October 2022 for AED 1,285,000 (AED 1,088 per sqft).
- Rented since April 2016 on 4 Ejari contracts, from AED 120,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2022 price is 5.6%, before a service charge of about AED 21,000 a year (AED 17.79 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 17 October 2022.
Questions about 1506, Marina Wharf Tower 1
What did unit 1506 last sell for?
AED 1,285,000 on 17 October 2022: AED 1,088 per sqft for 1,181 sqft. The unit has 4 registered sales; the first was AED 1,401,972 in August 2011.
What is the rent for unit 1506?
AED 72,000 a year on the contract renewed on 20 January 2022. The previous contract, from April 2019, was AED 85,000; the unit has been rented since April 2016.
How big is unit 1506?
1,181 sqft (109.7 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2010.
What is unit 1506 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 1506, Marina Wharf Tower 1
Starts from the last sale price (AED 1.29M, 17 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,285,000
- Deposit, UAE resident (20%)
- AED 257,000
- Deposit, non-resident (40%)
- AED 514,000
- Monthly over 25 years at 3.7%
- AED 5,257
Plus AED 58,980 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →