1-bed · 865 sqftPrincess Tower, Dubai Marina · 7th floor · completed 2012

709, Princess Tower

Sold prices and rental history: sold 5 times, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 16 October 2024
Last soldAED 1.2M16 October 2024
Current rentAED 68K /yr20 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Princess Tower

What is 709 worth today?

Last sold for AED 1,200,000 in 2024

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16 Oct 2024SoldReady
AED 1,200,000AED 1,387 per sqft
20 Jun 2023RentedRenewal
AED 68,200/yr12 months · AED 79 per sqft
20 Jun 2022RentedNew contract
AED 62,000/yr12 months · AED 72 per sqft
1 Apr 2022RentedNew contract
AED 70,000/yr12 months · AED 81 per sqft
3 Mar 2021RentedRenewal
AED 50,000/yr12 months · AED 58 per sqft
3 Mar 2020RentedRenewal
AED 63,000/yr12 months · AED 73 per sqft
13 Dec 2017RentedNew contract
AED 80,000/yr12 months · AED 93 per sqft
1 Nov 2015RentedNew contract
AED 90,000/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 16 October 2024.

Key facts

Type
1-bed apartment
Size
865 sqft
Floor
7th of 96
Parking
B6-96
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 14,400 /yr
Last sold
AED 1.2M · October 2024

About 709, Princess Tower

709 is a one-bedroom apartment of 865 sqft on the 7th floor of Princess Tower, a 96-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 16 October 2024 for AED 1,200,000, or AED 1,387 per sqft, 9% below the AED 1,528 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 20 June 2023, is AED 68,200 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 14,400 a year.

Sales and rents for 709 over time

Sales
Unit 709, 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 708,750 (AED 819 per sqft)Sold, December 2012: AED 708,750 (AED 819 per sqft)Sold, March 2013: AED 950,000 (AED 1,098 per sqft)Sold, January 2014: AED 1,250,000 (AED 1,445 per sqft)Sold, October 2024: AED 1,200,000 (AED 1,387 per sqft)

709 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 709, each contractTypical one-bed in Princess Tower
50K75K100K2012201620202024Typical 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, June 2013: AED 68,000 a yearNew contract, November 2015: AED 90,000 a yearNew contract, December 2017: AED 80,000 a yearRenewal, March 2020: AED 63,000 a yearRenewal, March 2021: AED 50,000 a yearNew contract, April 2022: AED 70,000 a yearNew contract, June 2022: AED 62,000 a yearRenewal, June 2023: AED 68,200 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 709 sits

All 277 1-beds →

709 last sold in October 2024 at AED 1,387 per sqft, 9% below what one-beds in Princess Tower were fetching at the time (AED 1,528). 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. 709's AED 68,200 is at the bottom 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 7th floor

All 763 units in Princess Tower
Value
7012-bedAED 1.65M · Feb 2016
7021-bedAED 873K · Dec 2012
7033-bedAED 3.21M · Oct 2024
7042-bedAED 1.24M · Mar 2021
7052-bedAED 1.7M · May 2013
7063-bedAED 3.09M · Oct 2016
7071-bedAED 1.27M · Apr 2024
1–7 of 9

709, Princess Tower in numbers

  • Sold 5 times: first on 23 December 2009 for AED 708,750, last on 16 October 2024 for AED 1,200,000 (AED 1,387 per sqft).
  • Rented since June 2013 on 8 Ejari contracts. The rent fell from AED 68,000 to AED 50,000 in 2021 and recovered to AED 68,200 by June 2023.
  • At AED 68,200 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 14,400 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 16 October 2024.

Questions about 709, Princess Tower

What did unit 709 last sell for?

AED 1,200,000 on 16 October 2024: AED 1,387 per sqft for 865 sqft. The unit has 5 registered sales; the first was AED 708,750 in December 2009.

What is the rent for unit 709?

AED 68,200 a year on the contract renewed on 20 June 2023. The previous contract, from June 2022, was AED 62,000; the unit has been rented since June 2013.

How big is unit 709?

865 sqft (80.4 sqm): a one-bedroom apartment on the 7th floor of a 96-storey tower completed in 2012.

What is unit 709 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 709, Princess Tower

Starts from the last sale price (AED 1.2M, 16 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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