2-bed · 1,180 sqftPrincess Tower, Dubai Marina · 53rd floor · completed 2012

5305, Princess Tower

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5305 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 1.69M26 December 2012
Current rentAED 116K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5305, Princess Tower

What is 5305 worth today?

Last sold for AED 1,688,118 in 2012

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1 Nov 2023RentedRenewal
AED 115,500/yr12 months · AED 98 per sqft
1 Nov 2022RentedNew contract
AED 110,000/yr12 months · AED 93 per sqft
26 Sep 2021RentedNew contract
AED 88,000/yr12 months · AED 74 per sqft
1 Mar 2020RentedNew contract
AED 105,000/yr12 months · AED 89 per sqft
1 Mar 2017RentedRenewal
AED 135,300/yr12 months · AED 115 per sqft
1 Mar 2016RentedRenewal
AED 135,300/yr12 months · AED 115 per sqft
26 Dec 2012SoldReady
AED 1,688,118AED 1,430 per sqft
28 Dec 2009Sold by developerOff-plan
AED 1,708,453AED 1,447 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
2-bed apartment
Size
1,180 sqft
Floor
53rd of 96
Parking
P3-42
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 19,600 /yr
Last sold
AED 1.69M · December 2012

About 5305, Princess Tower

5305 is a two-bedroom apartment of 1,180 sqft on the 53rd floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 26 December 2012 for AED 1,688,118, or AED 1,430 per sqft, 19% above the AED 1,204 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 115,500 a year: a gross yield of 6.8% on the 2012 price, before the service charge of about AED 19,600 a year.

Sales and rents for 5305 over time

Sales
Unit 5305, each saleTypical two-bed in Princess Tower
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,472,327; 2010 AED 1,669,434; 2011 AED 1,415,390; 2012 AED 1,508,453; 2013 AED 1,750,000; 2014 AED 2,200,000; 2015 AED 2,050,000; 2016 AED 1,900,000; 2017 AED 1,657,500; 2018 AED 1,453,000; 2019 AED 1,190,000; 2020 AED 1,100,000; 2021 AED 1,200,000; 2022 AED 1,525,000; 2023 AED 1,667,500; 2024 AED 2,056,018; 2025 AED 2,150,000; 2026 AED 2,000,000Sold by developer, December 2009: AED 1,708,453 (AED 1,447 per sqft)Sold, December 2012: AED 1,688,118 (AED 1,430 per sqft)

5305 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5305, each contractTypical two-bed in Princess Tower
100K150K2012201620202024Typical rent by year: 2012 AED 112,000; 2013 AED 115,000; 2014 AED 135,000; 2015 AED 140,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 74,500; 2021 AED 75,000; 2022 AED 93,000; 2023 AED 115,000; 2024 AED 130,000; 2025 AED 130,000; 2026 AED 137,000Renewal, March 2016: AED 135,300 a yearRenewal, March 2017: AED 135,300 a yearNew contract, March 2020: AED 105,000 a yearNew contract, September 2021: AED 88,000 a yearNew contract, November 2022: AED 110,000 a yearRenewal, November 2023: AED 115,500 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 Princess Tower, and where 5305 sits

All 288 2-beds →

5305 last sold in December 2012 at AED 1,430 per sqft, 19% above what two-beds in Princess Tower were fetching at the time (AED 1,204). Over the last 12 months two-beds sold for AED 1,250,000 to 2,600,000, around AED 1,793 per sqft, and rent for AED 90,000 to 205,000 a year. 5305's AED 115,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Feb 20262,000,000
15 Jan 20262,350,000
15 Jan 202654,581
14 Jan 20261,250,000
6 2-bed sales in the last 12 months

Princess Tower

Building

763 apartments, 1-bed to 5-bed over 96 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 17 sold in the last 12 months.

Typical price per sqft
AED 1,740 Up 8.8%
Typical sale
AED 2M
Typical rent
AED 119K /yr
Typical yield
5.7%
Princess Tower, Dubai Marina: prices, sales and rents →

Other units on the 53rd floor

All 763 units in Princess Tower
Value
53012-bedAED 1.85M · May 2015
53021-bedAED 1.4M · Nov 2024
53033-bedAED 3M · Jul 2013
53042-bedAED 1.8M · Apr 2022
53063-bedAED 3.17M · Dec 2012
53071-bedAED 1.1M · Feb 2013
53082-bedAED 1.32M · Oct 2012
1–7 of 9

5305, Princess Tower in numbers

  • Sold twice: first on 28 December 2009 for AED 1,708,453, last on 26 December 2012 for AED 1,688,118 (AED 1,430 per sqft).
  • Rented since March 2016 on 6 Ejari contracts. The rent fell from AED 135,300 to AED 88,000 in 2021 and recovered to AED 115,500 by November 2023.
  • At AED 115,500 a year the gross yield on the 2012 price is 6.8%, before a service charge of about AED 19,600 a year (AED 16.62 per sqft).
  • Two-beds in Princess Tower sold for AED 1,250,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,740 per sqft.

Source: Dubai Land Department. Updated 1 November 2023.

Questions about 5305, Princess Tower

What did unit 5305 last sell for?

AED 1,688,118 on 26 December 2012: AED 1,430 per sqft for 1,180 sqft. The unit has 2 registered sales; the first was AED 1,708,453 in December 2009.

What is the rent for unit 5305?

AED 115,500 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 110,000; the unit has been rented since March 2016.

How big is unit 5305?

1,180 sqft (109.6 sqm): a two-bedroom apartment on the 53rd floor of a 96-storey tower completed in 2012.

What is unit 5305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Princess Tower sold for AED 1,250,000 to 2,600,000 in the last 12 months, around AED 1,793 per sqft.

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Mortgage on 5305, Princess Tower

Starts from the last sale price (AED 1.69M, 26 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,688,118
Deposit, UAE resident (20%)
AED 337,624
Deposit, non-resident (40%)
AED 675,247
Monthly over 25 years at 3.7%
AED 6,907

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