2-bed · 1,325 sqftOrra Marina, Dubai Marina · 15th floor · completed 2012

1507, Orra Marina

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

Unit 1507 · DLD and Ejari recordsUpdated 26 July 2024
Last soldAED 2.7M8 October 2014
Current rentAED 50K /yr26 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, Orra Marina

What is 1507 worth today?

Last sold for AED 2,700,000 in 2014

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26 Jul 2024RentedRenewal
AED 50,000/yr12 months · AED 38 per sqft
26 Jul 2023RentedRenewal
AED 50,000/yr12 months · AED 38 per sqft
26 Jul 2022RentedRenewal
AED 50,000/yr12 months · AED 38 per sqft
26 Jul 2020RentedRenewal
AED 50,000/yr12 months · AED 38 per sqft
26 Jul 2019RentedRenewal
AED 50,000/yr12 months · AED 38 per sqft
25 Jul 2016RentedNew contract
AED 49,733/yr12 months · AED 38 per sqft
8 Oct 2014SoldReady
AED 2,700,000AED 2,037 per sqft
6 Aug 2013Sold by developerReady
AED 1,200,000AED 905 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 July 2024.

Key facts

Type
2-bed apartment
Size
1,325 sqft
Floor
15th of 30
Parking
B1-176
Developer
GKT Holdings
Completed
2012
Service charge
AED 31,800 /yr
Last sold
AED 2.7M · October 2014
Building
Orra Marina

About 1507, Orra Marina

1507 is a two-bedroom apartment of 1,325 sqft on the 15th floor of Orra Marina, a 30-storey tower in Dubai Marina completed in 2012 by GKT Holdings. It last sold on 8 October 2014 for AED 2,700,000, or AED 2,037 per sqft, 4% above the AED 1,960 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 26 July 2024, is AED 50,000 a year: a gross yield of 1.8% on the 2014 price, before the service charge of about AED 31,800 a year.

Sales and rents for 1507 over time

Sales
Unit 1507, 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 2013: AED 1,200,000 (AED 905 per sqft)Sold, October 2014: AED 2,700,000 (AED 2,037 per sqft)

1507 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1507, each contractTypical two-bed in Orra Marina
100K2012201620202024Typical 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, August 2013: AED 175,000 a yearNew contract, July 2016: AED 49,733 a yearRenewal, July 2019: AED 50,000 a yearRenewal, July 2020: AED 50,000 a yearRenewal, July 2022: AED 50,000 a yearRenewal, July 2023: AED 50,000 a yearRenewal, July 2024: AED 50,000 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 1507 sits

All 65 2-beds →

1507 last sold in October 2014 at AED 2,037 per sqft, 4% above what two-beds in Orra Marina were fetching at the time (AED 1,960). 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. 1507's AED 50,000 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 15th floor

All 189 units in Orra Marina
Value
15011-bedAED 1M · Dec 2019
15022-bedAED 1M · Nov 2017
15032-bedAED 2.58M · Aug 2014
15041-bedAED 1.43M · Apr 2024
15051-bedAED 1.43M · Aug 2016
15062-bedAED 2.1M · Jul 2016
15081-bedAED 1.59M · Mar 2014

1507, Orra Marina in numbers

  • Sold twice: first on 6 August 2013 for AED 1,200,000, last on 8 October 2014 for AED 2,700,000 (AED 2,037 per sqft).
  • Rented since August 2013 on 7 Ejari contracts, from AED 175,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2014 price is 1.8%, before a service charge of about AED 31,800 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 26 July 2024.

Questions about 1507, Orra Marina

What did unit 1507 last sell for?

AED 2,700,000 on 8 October 2014: AED 2,037 per sqft for 1,325 sqft. The unit has 2 registered sales; the first was AED 1,200,000 in August 2013.

What is the rent for unit 1507?

AED 50,000 a year on the contract renewed on 26 July 2024. The previous contract, from July 2023, was AED 50,000; the unit has been rented since August 2013.

How big is unit 1507?

1,325 sqft (123.1 sqm): a two-bedroom apartment on the 15th floor of a 30-storey tower completed in 2012.

What is unit 1507 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 1507, Orra Marina

Starts from the last sale price (AED 2.7M, 8 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

Plus AED 118,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →