2-bed · 1,536 sqftOpal Marina Tower, Dubai Marina · 7th floor · completed 2014

705, Opal Marina Tower

Sold prices and rental history: sold once, by the developer in May 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 1.31M2 May 2023
Current rentAED 120K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Opal Marina Tower

What is 705 worth today?

Last sold for AED 1,308,340 in 2023

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15 Sep 2024RentedNew contract
AED 120,000/yr12 months · AED 78 per sqft
15 Sep 2023RentedNew contract
AED 120,000/yr12 months · AED 78 per sqft
2 May 2023Sold by developerReady
AED 1,308,340AED 851 per sqft
1 Aug 2022RentedRenewal
AED 93,500/yr12 months · AED 61 per sqft
1 Aug 2021RentedRenewal
AED 85,000/yr12 months · AED 55 per sqft
1 Aug 2020RentedRenewal
AED 90,000/yr12 months · AED 59 per sqft
1 Aug 2019RentedRenewal
AED 100,000/yr12 months · AED 65 per sqft
1 Aug 2018RentedRenewal
AED 117,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 15 September 2024.

Key facts

Type
2-bed apartment
Size
1,536 sqft
Floor
7th of 29
Parking
B2-29
Developer
Mismak Properties - Sole Proprietorship - Dubai Branch
Completed
2014
Service charge
AED 32,300 /yr
Last sold
AED 1.31M · May 2023

About 705, Opal Marina Tower

705 is a two-bedroom apartment of 1,536 sqft on the 7th floor of Opal Marina Tower, a 29-storey tower in Dubai Marina completed in 2014 by Mismak Properties - Sole Proprietorship - Dubai Branch. The developer sold it on 2 May 2023 for AED 1,308,340, or AED 851 per sqft, in line with the AED 873 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, signed on 15 September 2024, is AED 120,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 32,300 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Opal Marina Tower
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,093,539; 2010 AED 1,079,600; 2011 AED 1,079,600; 2012 AED 1,200,000; 2013 AED 1,625,000; 2021 AED 1,314,047; 2022 AED 1,355,000; 2023 AED 1,352,316; 2024 AED 1,900,000; 2025 AED 2,000,000Sold by developer, May 2023: AED 1,308,340 (AED 851 per sqft)

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

Rents
Unit 705, each contractTypical two-bed in Opal Marina Tower
100K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 112,903; 2015 AED 129,718; 2016 AED 130,000; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 99,000; 2020 AED 90,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 95,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 130,000New contract, August 2012: AED 80,000 a yearRenewal, August 2013: AED 88,000 a yearRenewal, August 2014: AED 105,600 a yearRenewal, August 2015: AED 121,440 a yearRenewal, August 2016: AED 133,584 a yearRenewal, August 2017: AED 133,584 a yearRenewal, August 2018: AED 117,000 a yearRenewal, August 2019: AED 100,000 a yearRenewal, August 2020: AED 90,000 a yearRenewal, August 2021: AED 85,000 a yearRenewal, August 2022: AED 93,500 a yearNew contract, September 2023: AED 120,000 a yearNew contract, September 2024: AED 120,000 a year

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

2-beds in Opal Marina Tower, and where 705 sits

All 109 2-beds →

705 last sold in May 2023 at AED 851 per sqft, in line with what two-beds in Opal Marina Tower were fetching at the time (AED 873). 705's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Jul 20252,000,000
10 Jul 20251,925,000
14 Apr 20252,125,000
19 Feb 20252,400,000
0 2-bed sales in the last 12 months

Opal Marina Tower

Building

162 apartments, 1-bed to 4-bed over 29 floors in Dubai Marina, completed in 2014 by Mismak Properties - Sole Proprietorship - Dubai Branch. 1 sold in the last 12 months.

Typical price per sqft
AED 1,409
Typical sale
AED 1.5M
Typical rent
AED 125K /yr
Typical yield
6.2%
Opal Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 162 units in Opal Marina Tower
Value
7012-bedAED 1.32M · Jul 2022
7022-bedAED 1.3M · Jan 2022
7031-bedAED 830K · Jul 2022
7042-bedAED 1.26M · May 2023
7061-bedAED 950K · Jan 2023

705, Opal Marina Tower in numbers

  • Sold once: by Mismak Properties - Sole Proprietorship - Dubai Branch on 2 May 2023 for AED 1,308,340, or AED 851 per sqft.
  • Rented since August 2012 on 13 Ejari contracts, from AED 80,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 32,300 a year (AED 21.01 per sqft).

Source: Dubai Land Department. Updated 15 September 2024.

Questions about 705, Opal Marina Tower

What did unit 705 last sell for?

AED 1,308,340 on 2 May 2023, sold by the developer: AED 851 per sqft for 1,536 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 120,000 a year on the contract signed on 15 September 2024. The previous contract, from September 2023, was AED 120,000; the unit has been rented since August 2012.

How big is unit 705?

1,536 sqft (142.7 sqm): a two-bedroom apartment on the 7th floor of a 29-storey tower completed in 2014.

What is unit 705 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 705, Opal Marina Tower

Starts from the last sale price (AED 1.31M, 2 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,308,340
Deposit, UAE resident (20%)
AED 261,668
Deposit, non-resident (40%)
AED 523,336
Monthly over 25 years at 3.7%
AED 5,353

Plus AED 59,961 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →