3-bed · 1,256 sqftMarina Wharf Tower 2, Dubai Marina · 15th floor · completed 2014

1506, Marina Wharf Tower 2

Sold prices and rental history: sold 3 times, last in November 2020, and rented once, from February 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 1 February 2021
Last soldAED 1.08M5 November 2020
Current rentAED 80K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, Marina Wharf Tower 2

What is 1506 worth today?

Last sold for AED 1,075,000 in 2020

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1 Feb 2021RentedNew contract
AED 80,000/yr12 months · AED 64 per sqft
5 Nov 2020SoldReady
AED 1,075,000AED 855 per sqft
6 Sep 2020SoldReady
AED 850,000AED 676 per sqft
31 May 2009Sold by developerOff-plan
AED 1,472,000AED 1,171 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2021.

Key facts

Type
3-bed apartment
Size
1,256 sqft
Floor
15th of 27
Parking
B1-31
Developer
Dheeraj & East Coast
Completed
2014
Service charge
AED 21,200 /yr
Last sold
AED 1.08M · November 2020

About 1506, Marina Wharf Tower 2

1506 is a three-bedroom apartment of 1,256 sqft on the 15th floor of Marina Wharf Tower 2, a 27-storey tower in Dubai Marina completed in 2014 by Dheeraj & East Coast. It last sold on 5 November 2020 for AED 1,075,000, or AED 855 per sqft, 4% below the AED 895 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 February 2021. The current contract, signed on 1 February 2021, is AED 80,000 a year: a gross yield of 7.4% on the 2020 price, before the service charge of about AED 21,200 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical three-bed in Marina Wharf Tower 2
1M2M2009201420192024Typical sale price by year: 2009 AED 1,416,000; 2012 AED 1,512,000; 2013 AED 1,562,500; 2014 AED 1,900,000; 2018 AED 1,439,250; 2019 AED 1,412,360; 2020 AED 1,100,000; 2021 AED 1,225,000; 2022 AED 1,560,000; 2023 AED 2,050,000; 2024 AED 2,132,000; 2025 AED 2,050,000Sold by developer, May 2009: AED 1,472,000 (AED 1,171 per sqft)Sold, September 2020: AED 850,000 (AED 676 per sqft)Sold, November 2020: AED 1,075,000 (AED 855 per sqft)

1506 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1506, each contractTypical three-bed in Marina Wharf Tower 2
100K150K2018202120242027Typical rent by year: 2018 AED 97,500; 2019 AED 90,000; 2020 AED 89,000; 2021 AED 95,000; 2022 AED 100,000; 2023 AED 125,000; 2024 AED 145,000; 2025 AED 145,000; 2026 AED 136,500New contract, February 2021: AED 80,000 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 Wharf Tower 2, and where 1506 sits

All 103 3-beds →

1506 last sold in November 2020 at AED 855 per sqft, 4% below what three-beds in Marina Wharf Tower 2 were fetching at the time (AED 895). Over the last 12 months three-beds sold for AED 2,250,000, around AED 1,748 per sqft, and rent for AED 114,000 to 340,413 a year. 1506's AED 80,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
9 Jan 20262,250,000
7 Jul 20252,200,000
18 May 20252,100,000
2 Apr 20252,000,000
1 3-bed sale in the last 12 months

Marina Wharf Tower 2

Building

166 apartments, studios to 3-bed over 27 floors in Dubai Marina, completed in 2014 by Dheeraj & East Coast. 2 sold in the last 12 months.

Typical price per sqft
AED 1,862
Typical sale
AED 1.88M
Typical rent
AED 133K /yr
Typical yield
5.9%
Marina Wharf Tower 2, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 166 units in Marina Wharf Tower 2
Value
15013-bedAED 1.2M · Jul 2021
15023-bedAED 1.25M · Jun 2021
15032-bedAED 893K · May 2009
15042-bedAED 1.28M · May 2023
15053-bedAED 1.33M · Jun 2009

1506, Marina Wharf Tower 2 in numbers

  • Sold 3 times: first on 31 May 2009 for AED 1,472,000, last on 5 November 2020 for AED 1,075,000 (AED 855 per sqft).
  • Rented since February 2021 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 7.4%, before a service charge of about AED 21,200 a year (AED 16.88 per sqft).
  • Three-beds in Marina Wharf Tower 2 sold for AED 2,250,000–2,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,862 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2021.

Questions about 1506, Marina Wharf Tower 2

What did unit 1506 last sell for?

AED 1,075,000 on 5 November 2020: AED 855 per sqft for 1,256 sqft. The unit has 3 registered sales; the first was AED 1,472,000 in May 2009.

What is the rent for unit 1506?

AED 80,000 a year on the contract signed on 1 February 2021.

How big is unit 1506?

1,256 sqft (116.7 sqm): a three-bedroom apartment on the 15th floor of a 27-storey tower completed in 2014.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Wharf Tower 2 sold for AED 2,250,000 to 2,250,000 in the last 12 months, around AED 1,748 per sqft.

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Mortgage on 1506, Marina Wharf Tower 2

Starts from the last sale price (AED 1.08M, 5 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

Plus AED 50,160 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →