2-bed · 1,350 sqftOrra Marina, Dubai Marina · 12th floor · completed 2012

1207, Orra Marina

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 28 August 2020
Last soldAED 2.65M11 August 2014
Current rentAED 120K /yr28 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1207, Orra Marina

What is 1207 worth today?

Last sold for AED 2,650,000 in 2014

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28 Aug 2020RentedRenewal
AED 120,000/yr12 months · AED 89 per sqft
28 Aug 2019RentedRenewal
AED 139,023/yr12 months · AED 103 per sqft
28 Aug 2018RentedRenewal
AED 140,000/yr12 months · AED 104 per sqft
28 Aug 2017RentedNew contract
AED 140,000/yr12 months · AED 104 per sqft
23 Aug 2016RentedNew contract
AED 150,000/yr12 months · AED 111 per sqft
20 Jul 2015RentedNew contract
AED 155,000/yr12 months · AED 115 per sqft
1 Oct 2014RentedNew contract
AED 132,821/yr9 months · AED 99 per sqft
11 Aug 2014Sold by developerReady
AED 2,650,000AED 1,962 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 August 2020.

Key facts

Type
2-bed apartment
Size
1,350 sqft
Floor
12th of 30
Parking
B1-123
Developer
GKT Holdings
Completed
2012
Service charge
AED 32,400 /yr
Last sold
AED 2.65M · August 2014
Building
Orra Marina

About 1207, Orra Marina

1207 is a two-bedroom apartment of 1,350 sqft on the 12th floor of Orra Marina, a 30-storey tower in Dubai Marina completed in 2012 by GKT Holdings. The developer sold it on 11 August 2014 for AED 2,650,000, or AED 1,962 per sqft, 420% above the AED 377 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 28 August 2020, is AED 120,000 a year: a gross yield of 4.5% on the 2014 price, before the service charge of about AED 32,400 a year.

Sales and rents for 1207 over time

Sales
Unit 1207, each saleTypical two-bed in Orra Marina
1M2M3M2009201420192024Typical sale price by year: 2009 AED 2,100,000; 2012 AED 1,909,678; 2013 AED 500,000; 2014 AED 2,650,000; 2016 AED 1,985,000; 2017 AED 1,274,373; 2018 AED 2,551,742; 2022 AED 1,770,000; 2023 AED 2,200,000; 2024 AED 2,275,000; 2025 AED 2,050,000Sold by developer, August 2014: AED 2,650,000 (AED 1,962 per sqft)

1207 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1207, each contractTypical two-bed in Orra Marina
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 140,000; 2014 AED 152,500; 2015 AED 152,500; 2016 AED 150,000; 2017 AED 145,000; 2018 AED 125,000; 2019 AED 115,000; 2020 AED 95,023; 2021 AED 90,000; 2022 AED 105,000; 2023 AED 118,000; 2024 AED 123,900; 2025 AED 135,000; 2026 AED 165,000New contract, October 2013: AED 120,750 a yearNew contract, October 2014: AED 132,821 a yearNew contract, July 2015: AED 155,000 a yearNew contract, August 2016: AED 150,000 a yearNew contract, August 2017: AED 140,000 a yearRenewal, August 2018: AED 140,000 a yearRenewal, August 2019: AED 139,023 a yearRenewal, August 2020: 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 Orra Marina, and where 1207 sits

All 65 2-beds →

1207 last sold in August 2014 at AED 1,962 per sqft, 420% above what two-beds in Orra Marina were fetching at the time (AED 377). Over the last 12 months two-beds sold for AED 2,050,000, around AED 1,518 per sqft, and rent for AED 123,900 to 500,000 a year. 1207's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jan 20262,050,000
30 Jul 20252,360,000
9 Jul 20252,500,000
2 Jul 20252,050,000
1 2-bed sale in the last 12 months

Orra Marina

Building

189 apartments, studios to 6-bed over 30 floors in Dubai Marina, completed in 2012 by GKT Holdings. 6 sold in the last 12 months.

Typical price per sqft
AED 1,567
Typical sale
AED 1.89M
Typical rent
AED 150K /yr
Typical yield
7.0%
Orra Marina, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 189 units in Orra Marina
Value
12011-bedAED 949K · Apr 2013
12022-bedNo registered sale
12032-bedNo registered sale
12041-bedAED 949K · Apr 2013
12051-bedAED 915K · Apr 2013
12062-bedAED 1.79M · May 2017
12081-bedAED 949K · Apr 2013

1207, Orra Marina in numbers

  • Sold once: by GKT Holdings on 11 August 2014 for AED 2,650,000, or AED 1,962 per sqft.
  • Rented since October 2013 on 8 Ejari contracts, from AED 120,750 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2014 price is 4.5%, before a service charge of about AED 32,400 a year (AED 24.00 per sqft).
  • Two-beds in Orra Marina sold for AED 2,050,000–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,567 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 28 August 2020.

Questions about 1207, Orra Marina

What did unit 1207 last sell for?

AED 2,650,000 on 11 August 2014, sold by the developer: AED 1,962 per sqft for 1,350 sqft. It is the only registered sale of the unit.

What is the rent for unit 1207?

AED 120,000 a year on the contract renewed on 28 August 2020. The previous contract, from August 2019, was AED 139,023; the unit has been rented since October 2013.

How big is unit 1207?

1,350 sqft (125.4 sqm): a two-bedroom apartment on the 12th floor of a 30-storey tower completed in 2012.

What is unit 1207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Orra Marina sold for AED 2,050,000 to 2,050,000 in the last 12 months, around AED 1,518 per sqft.

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Mortgage on 1207, Orra Marina

Starts from the last sale price (AED 2.65M, 11 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

Plus AED 116,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →