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1-bed · 1,040 sqftPrincess Tower, Dubai Marina · 6th floor · completed 2012

602, Princess Tower

Sold prices and rental history: sold 3 times, last in June 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 698K29 June 2015
Current rentAED 87K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, Princess Tower

What is 602 worth today?

Last sold for AED 697,500 in 2015

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15 Aug 2024RentedRenewal
AED 86,900/yr12 months · AED 84 per sqft
15 Aug 2023RentedNew contract
AED 79,000/yr12 months · AED 76 per sqft
28 Jul 2022RentedNew contract
AED 70,000/yr12 months · AED 67 per sqft
1 Apr 2020RentedRenewal
AED 65,000/yr12 months · AED 63 per sqft
1 Apr 2019RentedRenewal
AED 75,000/yr12 months · AED 72 per sqft
3 Jan 2016RentedNew contract
AED 94,710/yr12 months · AED 91 per sqft
29 Jun 2015SoldReady
AED 697,500AED 670 per sqft
3 Jan 2014RentedNew contract
AED 90,200/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
1-bed apartment
Size
1,040 sqft
Floor
6th of 96
Parking
B6-24
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,300 /yr
Last sold
AED 698K · June 2015
Building
Princess Tower

About 602, Princess Tower

602 is a one-bedroom apartment of 1,040 sqft on the 6th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 29 June 2015 for AED 697,500, or AED 670 per sqft, 57% below the AED 1,542 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 86,900 a year: a gross yield of 12.5% on the 2015 price, before the service charge of about AED 17,300 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical one-bed in Princess Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 883,184; 2010 AED 1,032,955; 2011 AED 821,955; 2012 AED 941,310; 2013 AED 1,100,000; 2014 AED 1,450,000; 2015 AED 1,291,778; 2016 AED 1,245,000; 2017 AED 1,272,500; 2018 AED 1,025,000; 2019 AED 900,000; 2020 AED 700,000; 2021 AED 800,000; 2022 AED 972,500; 2023 AED 1,150,000; 2024 AED 1,350,000; 2025 AED 1,420,000; 2026 AED 1,478,910Sold by developer, December 2009: AED 1,557,436 (AED 1,497 per sqft)Sold, August 2012: AED 1,557,436 (AED 1,497 per sqft)Sold, June 2015: AED 697,500 (AED 670 per sqft)

602 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 602, each contractTypical one-bed in Princess Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 94,500; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,000; 2018 AED 80,000; 2019 AED 67,500; 2020 AED 55,000; 2021 AED 54,000; 2022 AED 62,818; 2023 AED 79,000; 2024 AED 86,000; 2025 AED 86,141; 2026 AED 87,500New contract, December 2012: AED 82,000 a yearNew contract, January 2014: AED 90,200 a yearNew contract, January 2016: AED 94,710 a yearRenewal, April 2019: AED 75,000 a yearRenewal, April 2020: AED 65,000 a yearNew contract, July 2022: AED 70,000 a yearNew contract, August 2023: AED 79,000 a yearRenewal, August 2024: AED 86,900 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 Princess Tower, and where 602 sits

All 277 1-beds →

602 last sold in June 2015 at AED 670 per sqft, 57% below what one-beds in Princess Tower were fetching at the time (AED 1,542). Over the last 12 months one-beds sold for AED 1,438,993 to 2,050,000, around AED 1,696 per sqft, and rent for AED 74,800 to 123,000 a year. 602's AED 86,900 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Feb 20261,438,993
6 Feb 20261,442,820
2 Feb 20261,525,000
26 Jan 20261,515,000
7 1-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 6th floor

All 763 units in Princess Tower
Value
6012-bedAED 1.22M · Jun 2015
6031-bedAED 1.25M · Oct 2016
6042-bedAED 1.2M · Sep 2021

602, Princess Tower in numbers

  • Sold 3 times: first on 20 December 2009 for AED 1,557,436, last on 29 June 2015 for AED 697,500 (AED 670 per sqft).
  • Rented since December 2012 on 8 Ejari contracts. The rent fell from AED 82,000 to AED 65,000 in 2020 and recovered to AED 86,900 by August 2024.
  • At AED 86,900 a year the gross yield on the 2015 price is 12.5%, before a service charge of about AED 17,300 a year (AED 16.62 per sqft).
  • One-beds in Princess Tower sold for AED 1,438,993–2,050,000 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 15 August 2024.

Questions about 602, Princess Tower

What did unit 602 last sell for?

AED 697,500 on 29 June 2015: AED 670 per sqft for 1,040 sqft. The unit has 3 registered sales; the first was AED 1,557,436 in December 2009.

What is the rent for unit 602?

AED 86,900 a year on the contract renewed on 15 August 2024. The previous contract, from August 2023, was AED 79,000; the unit has been rented since December 2012.

How big is unit 602?

1,040 sqft (96.6 sqm): a one-bedroom apartment on the 6th floor of a 96-storey tower completed in 2012.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Princess Tower sold for AED 1,438,993 to 2,050,000 in the last 12 months, around AED 1,696 per sqft.

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Mortgage on 602, Princess Tower

Starts from the last sale price (AED 698K, 29 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 697,500
Deposit, UAE resident (20%)
AED 139,500
Deposit, non-resident (40%)
AED 279,000
Monthly over 25 years at 3.7%
AED 2,854

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