1-bed · 920 sqftOrra Harbour Tower 2, Dubai Marina · completed 2017

1603, Orra Harbour Tower 2

Sold prices and rental history: sold once, by the developer in February 2013, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 9 February 2024
Last soldAED 671K23 February 2013
Current rentAED 130K /yr9 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, Orra Harbour Tower 2

What is 1603 worth today?

Last sold for AED 670,776 in 2013

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9 Feb 2024RentedRenewal
AED 130,000/yr12 months · AED 141 per sqft
9 Feb 2023RentedNew contract
AED 130,000/yr12 months · AED 141 per sqft
1 Nov 2019RentedNew contract
AED 93,000/yr12 months · AED 101 per sqft
23 Feb 2013Sold by developerOff-plan
AED 670,776AED 729 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 February 2024.

Key facts

Type
1-bed hotel apartment
Size
920 sqft
Parking
B1-071
Developer
Marina 3K
Completed
2017
Last sold
AED 671K · February 2013

About 1603, Orra Harbour Tower 2

1603 is a one-bedroom hotel apartment of 920 sqft of Orra Harbour Tower 2, a 12-storey tower in Dubai Marina completed in 2017 by Marina 3K. The developer sold it on 23 February 2013 for AED 670,776, or AED 729 per sqft, 4% below the AED 759 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 9 February 2024, is AED 130,000 a year: a gross yield of 19.4% on the 2013 price.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical one-bed in Orra Harbour Tower 2
1M2M2012201620202024Typical sale price by year: 2012 AED 635,244; 2013 AED 670,776; 2014 AED 577,104; 2017 AED 973,668; 2018 AED 857,433; 2019 AED 1,109,391; 2021 AED 800,000; 2022 AED 1,660,000; 2023 AED 1,697,500; 2024 AED 1,795,050Sold by developer, February 2013: AED 670,776 (AED 729 per sqft)

1603 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1603, each contractTypical one-bed in Orra Harbour Tower 2
100K125K20192021202320252027Typical rent by year: 2019 AED 135,000; 2020 AED 86,667; 2021 AED 87,500; 2022 AED 115,000; 2023 AED 130,000; 2024 AED 127,500; 2025 AED 130,000; 2026 AED 130,000New contract, November 2019: AED 93,000 a yearNew contract, February 2023: AED 130,000 a yearRenewal, February 2024: AED 130,000 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 Orra Harbour Tower 2, and where 1603 sits

All 59 1-beds →

1603 last sold in February 2013 at AED 729 per sqft, 4% below what one-beds in Orra Harbour Tower 2 were fetching at the time (AED 759). Over the last 12 months one-beds sold for AED 1,825,000, around AED 2,251 per sqft, and rent for AED 120,000 to 160,000 a year. 1603's AED 130,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Jan 20261,825,000
13 May 20251,880,000
16 Dec 20241,400,000
24 Jun 20241,910,000
1 1-bed sale in the last 12 months

Orra Harbour Tower 2

Building

4 apartments, studios to 5-bed over 12 floors in Dubai Marina, completed in 2017 by Marina 3K. 2 sold in the last 12 months.

Typical price per sqft
AED 2,140
Typical sale
AED 2.39M
Typical rent
AED 130K /yr
Typical yield
7.5%
Orra Harbour Tower 2, Dubai Marina: prices, sales and rents →

1603, Orra Harbour Tower 2 in numbers

  • Sold once: by Marina 3K on 23 February 2013 for AED 670,776, or AED 729 per sqft.
  • Rented since November 2019 on 3 Ejari contracts, from AED 93,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2013 price is 19.4%.
  • One-beds in Orra Harbour Tower 2 sold for AED 1,825,000–1,825,000 in the 12 months to November 2026; the building's median across all types is AED 2,140 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 9 February 2024.

Questions about 1603, Orra Harbour Tower 2

What did unit 1603 last sell for?

AED 670,776 on 23 February 2013, sold by the developer: AED 729 per sqft for 920 sqft. It is the only registered sale of the unit.

What is the rent for unit 1603?

AED 130,000 a year on the contract renewed on 9 February 2024. The previous contract, from February 2023, was AED 130,000; the unit has been rented since November 2019.

How big is unit 1603?

920 sqft (85.5 sqm): a one-bedroom hotel apartment of a 12-storey tower completed in 2017.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Orra Harbour Tower 2 sold for AED 1,825,000 to 1,825,000 in the last 12 months, around AED 2,251 per sqft.

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Mortgage on 1603, Orra Harbour Tower 2

Starts from the last sale price (AED 671K, 23 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 670,776
Deposit, UAE resident (20%)
AED 134,155
Deposit, non-resident (40%)
AED 268,310
Monthly over 25 years at 3.7%
AED 2,744

Plus AED 33,183 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →