2-bed · 1,112 sqftPanoramic Tower, Dubai Marina · 3rd floor · completed 2008

302, Panoramic Tower

Sold prices and rental history: sold twice, last in February 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 9 February 2023
Last soldAED 1.3M9 February 2023
Current rentAED 75K /yr31 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Panoramic Tower

What is 302 worth today?

Last sold for AED 1,300,000 in 2023

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9 Feb 2023SoldReady
AED 1,300,000AED 1,168 per sqft
31 Jan 2021RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
1 Feb 2020RentedNew contract
AED 75,202/yr12 months · AED 68 per sqft
13 Aug 2015RentedNew contract
AED 137,500/yr12 months · AED 124 per sqft
6 Aug 2014RentedNew contract
AED 122,368/yr12 months · AED 110 per sqft
9 Jul 2014Sold by developerReady
AED 842,250AED 757 per sqft

Source: Dubai Land Department. Updated 9 February 2023.

Key facts

Type
2-bed apartment
Size
1,112 sqft
Floor
3rd of 7
Parking
B1-3002
Developer
BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING)
Completed
2008
Service charge
AED 20,100 /yr
Last sold
AED 1.3M · February 2023

About 302, Panoramic Tower

302 is a two-bedroom apartment of 1,112 sqft on the 3rd floor of Panoramic Tower, a 7-storey tower in Dubai Marina completed in 2008 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). It last sold on 9 February 2023 for AED 1,300,000, or AED 1,168 per sqft, 12% below the AED 1,322 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 31 January 2021, is AED 75,000 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 20,100 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Panoramic Tower
1M2M2009201320172021Typical sale price by year: 2009 AED 962,040; 2011 AED 503,580; 2013 AED 1,460,000; 2014 AED 1,600,000; 2023 AED 2,020,000Sold by developer, July 2014: AED 842,250 (AED 757 per sqft)Sold, February 2023: AED 1,300,000 (AED 1,168 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Panoramic Tower
100K2013201720212025Typical rent by year: 2013 AED 113,500; 2014 AED 122,184; 2015 AED 132,500; 2016 AED 122,320; 2017 AED 107,500; 2018 AED 93,000; 2019 AED 84,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 83,625; 2023 AED 93,125; 2024 AED 120,000; 2025 AED 130,000New contract, August 2014: AED 122,368 a yearNew contract, August 2015: AED 137,500 a yearNew contract, February 2020: AED 75,202 a yearRenewal, January 2021: AED 75,000 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 Panoramic Tower, and where 302 sits

All 14 2-beds →

302 last sold in February 2023 at AED 1,168 per sqft, 12% below what two-beds in Panoramic Tower were fetching at the time (AED 1,322).

Recent 2-bed salesUnit no.Price (AED)Summary
10 Apr 20252,500,000
17 Feb 20252,400,000
30 Apr 20241,955,000
29 Apr 20242,000,000
0 2-bed sales in the last 12 months

Panoramic Tower

Building

73 apartments, 1-bed to 3-bed over 7 floors in Dubai Marina, completed in 2008 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 83K /yr
Typical yield
Panoramic Tower, Dubai Marina: prices, sales and rents →

Other units on the 3rd floor

All 73 units in Panoramic Tower
Value
3012-bedAED 2.02M · Oct 2023
3031-bedAED 625K · Sep 2020
3041-bedAED 605K · Jul 2020
3051-bedAED 610K · Feb 2021
3061-bedAED 630K · Jan 2021
3071-bedAED 852K · Aug 2009
3081-bedAED 955K · Nov 2013
1–7 of 9

302, Panoramic Tower in numbers

  • Sold twice: first on 9 July 2014 for AED 842,250, last on 9 February 2023 for AED 1,300,000 (AED 1,168 per sqft).
  • Rented since August 2014 on 4 Ejari contracts, from AED 122,368 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 5.8%, before a service charge of about AED 20,100 a year (AED 18.09 per sqft).

Source: Dubai Land Department. Updated 9 February 2023.

Questions about 302, Panoramic Tower

What did unit 302 last sell for?

AED 1,300,000 on 9 February 2023: AED 1,168 per sqft for 1,112 sqft. The unit has 2 registered sales; the first was AED 842,250 in July 2014.

What is the rent for unit 302?

AED 75,000 a year on the contract renewed on 31 January 2021. The previous contract, from February 2020, was AED 75,202; the unit has been rented since August 2014.

How big is unit 302?

1,112 sqft (103.3 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2008.

What is unit 302 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 302, Panoramic Tower

Starts from the last sale price (AED 1.3M, 9 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →