2-bed · 1,318 sqftOrra Marina, Dubai Marina · 17th floor · completed 2012

1703, Orra Marina

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 17 July 2024
Last soldAED 1M8 November 2017
Current rentAED 50K /yr17 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1703, Orra Marina

What is 1703 worth today?

Last sold for AED 1,000,000 in 2017

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17 Jul 2024RentedNew contract
AED 50,000/yr36 months · AED 38 per sqft
21 Dec 2023RentedRenewal
AED 49,954/yr36 months · AED 38 per sqft
21 Dec 2022RentedRenewal
AED 50,000/yr12 months · AED 38 per sqft
15 Jun 2021RentedNew contract
AED 75,000/yr24 months · AED 57 per sqft
8 Nov 2020RentedNew contract
AED 100,000/yr12 months · AED 76 per sqft
15 Jun 2020RentedNew contract
AED 110,000/yr12 months · AED 83 per sqft
8 Nov 2017Sold by developerReady
AED 1,000,000AED 758 per sqft
24 Dec 2014RentedNew contract
AED 130,000/yr12 months · AED 99 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 July 2024.

Key facts

Type
2-bed apartment
Size
1,318 sqft
Floor
17th of 30
Parking
B2-38
Developer
GKT Holdings
Completed
2012
Service charge
AED 31,600 /yr
Last sold
AED 1M · November 2017
Building
Orra Marina

About 1703, Orra Marina

1703 is a two-bedroom apartment of 1,318 sqft on the 17th floor of Orra Marina, a 30-storey tower in Dubai Marina completed in 2012 by GKT Holdings. The developer sold it on 8 November 2017 for AED 1,000,000, or AED 758 per sqft, 35% below the AED 1,168 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 17 July 2024, is AED 50,000 a year: a gross yield of 5.0% on the 2017 price, before the service charge of about AED 31,600 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, 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, November 2017: AED 1,000,000 (AED 758 per sqft)

1703 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1703, 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, December 2012: AED 125,000 a yearNew contract, December 2014: AED 130,000 a yearNew contract, June 2020: AED 110,000 a yearNew contract, November 2020: AED 100,000 a yearNew contract, June 2021: AED 75,000 a yearRenewal, December 2022: AED 50,000 a yearRenewal, December 2023: AED 49,954 a yearNew contract, 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 1703 sits

All 65 2-beds →

1703 last sold in November 2017 at AED 758 per sqft, 35% below what two-beds in Orra Marina were fetching at the time (AED 1,168). 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. 1703'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 17th floor

All 189 units in Orra Marina
Value
17011-bedAED 1.35M · Sep 2022
17022-bedAED 1M · Nov 2017
17041-bedAED 740K · Jul 2020
17051-bedAED 400K · Sep 2013
17062-bedAED 2.2M · Feb 2013
17072-bedAED 1.59M · Aug 2012
17081-bedAED 1.39M · Sep 2012

1703, Orra Marina in numbers

  • Sold once: by GKT Holdings on 8 November 2017 for AED 1,000,000, or AED 758 per sqft.
  • Rented since December 2012 on 8 Ejari contracts, from AED 125,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 5.0%, before a service charge of about AED 31,600 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 17 July 2024.

Questions about 1703, Orra Marina

What did unit 1703 last sell for?

AED 1,000,000 on 8 November 2017, sold by the developer: AED 758 per sqft for 1,318 sqft. It is the only registered sale of the unit.

What is the rent for unit 1703?

AED 50,000 a year on the contract signed on 17 July 2024. The previous contract, from December 2023, was AED 49,954; the unit has been rented since December 2012.

How big is unit 1703?

1,318 sqft (122.4 sqm): a two-bedroom apartment on the 17th floor of a 30-storey tower completed in 2012.

What is unit 1703 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 1703, Orra Marina

Starts from the last sale price (AED 1M, 8 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →