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1-bed · 796 sqftPanoramic Tower, Dubai Marina · 4th floor · completed 2008

407, Panoramic Tower

Sold prices and rental history: sold twice, last in April 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 4 October 2019
Last soldAED 1.1M3 April 2017
Current rentAED 50K /yr4 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Panoramic Tower

What is 407 worth today?

Last sold for AED 1,100,000 in 2017

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4 Oct 2019RentedNew contract
AED 50,000/yr12 months · AED 63 per sqft
7 Aug 2017RentedNew contract
AED 80,000/yr12 months · AED 100 per sqft
3 Apr 2017SoldReady
AED 1,100,000AED 1,381 per sqft
10 Feb 2015RentedNew contract
AED 85,000/yr12 months · AED 107 per sqft
26 Jan 2014RentedNew contract
AED 85,000/yr12 months · AED 107 per sqft
22 Jun 2013RentedNew contract
AED 60,000/yr12 months · AED 75 per sqft
3 Mar 2013Sold by developerReady
AED 660,800AED 829 per sqft

Source: Dubai Land Department. Updated 4 October 2019.

Key facts

Type
1-bed apartment
Size
796 sqft
Floor
4th of 7
Parking
B2-4007
Developer
BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING)
Completed
2008
Service charge
AED 14,400 /yr
Last sold
AED 1.1M · April 2017
Building
Panoramic Tower

About 407, Panoramic Tower

407 is a one-bedroom apartment of 796 sqft on the 4th floor of Panoramic Tower, a 7-storey tower in Dubai Marina completed in 2008 by BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING). It last sold on 3 April 2017 for AED 1,100,000, or AED 1,381 per sqft, 8% above the AED 1,275 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 4 October 2019, is AED 50,000 a year: a gross yield of 4.5% on the 2017 price, before the service charge of about AED 14,400 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Panoramic Tower
500K1M20092013201720212025Typical sale price by year: 2009 AED 730,000; 2010 AED 675,000; 2011 AED 451,338; 2012 AED 685,000; 2013 AED 736,125; 2014 AED 1,150,000; 2015 AED 1,000,000; 2017 AED 900,000; 2020 AED 605,000; 2021 AED 630,000; 2023 AED 940,000; 2024 AED 1,058,319Sold by developer, March 2013: AED 660,800 (AED 829 per sqft)Sold, April 2017: AED 1,100,000 (AED 1,381 per sqft)

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

Rents
Unit 407, each contractTypical one-bed in Panoramic Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 57,500; 2013 AED 66,000; 2014 AED 77,000; 2015 AED 86,000; 2016 AED 82,500; 2017 AED 75,000; 2018 AED 70,000; 2019 AED 55,000; 2020 AED 48,000; 2021 AED 46,000; 2022 AED 60,000; 2023 AED 70,000; 2024 AED 77,000; 2025 AED 77,000; 2026 AED 82,500New contract, June 2013: AED 60,000 a yearNew contract, January 2014: AED 85,000 a yearNew contract, February 2015: AED 85,000 a yearNew contract, August 2017: AED 80,000 a yearNew contract, October 2019: AED 50,000 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 Panoramic Tower, and where 407 sits

All 56 1-beds →

407 last sold in April 2017 at AED 1,381 per sqft, 8% above what one-beds in Panoramic Tower were fetching at the time (AED 1,275). 407's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Jun 20251,080,000
7 Apr 20251,100,000
4 Sep 20241,200,000
27 Mar 2024736,000
0 1-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 4th floor

All 73 units in Panoramic Tower
Value
4012-bedAED 1.4M · Feb 2013
4022-bedAED 1.52M · Apr 2013
4031-bedAED 662K · Apr 2013
4041-bedAED 960K · Apr 2023
4051-bedAED 656K · Feb 2010
4061-bedAED 1.2M · Sep 2024
4081-bedAED 734K · Jul 2009
1–7 of 9

407, Panoramic Tower in numbers

  • Sold twice: first on 3 March 2013 for AED 660,800, last on 3 April 2017 for AED 1,100,000 (AED 1,381 per sqft).
  • Rented since June 2013 on 5 Ejari contracts, from AED 60,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 4.5%, before a service charge of about AED 14,400 a year (AED 18.09 per sqft).

Source: Dubai Land Department. Updated 4 October 2019.

Questions about 407, Panoramic Tower

What did unit 407 last sell for?

AED 1,100,000 on 3 April 2017: AED 1,381 per sqft for 796 sqft. The unit has 2 registered sales; the first was AED 660,800 in March 2013.

What is the rent for unit 407?

AED 50,000 a year on the contract signed on 4 October 2019. The previous contract, from August 2017, was AED 80,000; the unit has been rented since June 2013.

How big is unit 407?

796 sqft (74.0 sqm): a one-bedroom apartment on the 4th floor of a 7-storey tower completed in 2008.

What is unit 407 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 407, Panoramic Tower

Starts from the last sale price (AED 1.1M, 3 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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