1-bed · 786 sqftThe Point, Dubai Marina · 4th floor · completed 2009

402, The Point

Sold prices and rental history: sold 5 times, last in January 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 7 September 2024
Last soldAED 1.5M12 January 2023
Current rentAED 120K /yr7 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, The Point

What is 402 worth today?

Last sold for AED 1,495,000 in 2023

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7 Sep 2024RentedNew contract
AED 119,668/yr12 months · AED 152 per sqft
12 Jan 2023SoldReady
AED 1,495,000AED 1,901 per sqft
14 Jun 2022SoldReady
AED 512,500AED 651 per sqft
29 Apr 2021RentedNew contract
AED 55,000/yr12 months · AED 70 per sqft
16 Jun 2017RentedNew contract
AED 80,000/yr12 months · AED 102 per sqft
9 Dec 2015SoldReady
AED 1,150,000AED 1,462 per sqft
13 Sep 2015RentedNew contract
AED 95,000/yr12 months · AED 121 per sqft
18 Aug 2010SoldReady
AED 864,248AED 1,099 per sqft

Source: Dubai Land Department. Updated 7 September 2024.

Key facts

Type
1-bed apartment
Size
786 sqft
Floor
4th of 27
Parking
B3-45
Developer
Point Development
Completed
2009
Service charge
AED 18,700 /yr
Last sold
AED 1.5M · January 2023
Building
The Point

About 402, The Point

402 is a one-bedroom apartment of 786 sqft on the 4th floor of The Point, a 27-storey tower in Dubai Marina completed in 2009 by Point Development. It last sold on 12 January 2023 for AED 1,495,000, or AED 1,901 per sqft, 25% above the AED 1,526 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 7 September 2024, is AED 119,668 a year: a gross yield of 8.0% on the 2023 price, before the service charge of about AED 18,700 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical one-bed in The Point
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 918,278; 2010 AED 892,242; 2011 AED 943,472; 2012 AED 840,000; 2013 AED 1,042,500; 2014 AED 1,460,000; 2015 AED 1,350,000; 2016 AED 1,212,500; 2017 AED 1,200,000; 2018 AED 1,198,008; 2019 AED 950,000; 2020 AED 734,800; 2021 AED 875,000; 2022 AED 1,172,500; 2023 AED 1,250,000; 2024 AED 1,487,500; 2025 AED 1,560,000Sold by developer, January 2009: AED 864,248 (AED 1,099 per sqft)Sold, August 2010: AED 864,248 (AED 1,099 per sqft)Sold, December 2015: AED 1,150,000 (AED 1,462 per sqft)Sold, June 2022: AED 512,500 (AED 651 per sqft)Sold, January 2023: AED 1,495,000 (AED 1,901 per sqft)

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

Rents
Unit 402, each contractTypical one-bed in The Point
50K100K20112015201920232027Typical rent by year: 2011 AED 70,000; 2012 AED 67,547; 2013 AED 73,000; 2014 AED 85,000; 2015 AED 94,500; 2016 AED 92,500; 2017 AED 90,000; 2018 AED 85,000; 2019 AED 80,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 68,225; 2023 AED 73,710; 2024 AED 90,000; 2025 AED 90,000; 2026 AED 90,109New contract, September 2015: AED 95,000 a yearNew contract, June 2017: AED 80,000 a yearNew contract, April 2021: AED 55,000 a yearNew contract, September 2024: AED 119,668 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 The Point, and where 402 sits

All 102 1-beds →

402 last sold in January 2023 at AED 1,901 per sqft, 25% above what one-beds in The Point were fetching at the time (AED 1,526). Over the last 12 months one-beds sold for AED 1,380,000, around AED 1,816 per sqft, and rent for AED 77,000 to 110,000 a year. 402's AED 119,668 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Feb 20261,380,000
30 Jul 20251,580,000
17 Jul 20252,000,000
23 Jun 20251,490,000
1 1-bed sale in the last 12 months

The Point

Building

188 apartments, studios to 4-bed over 27 floors in Dubai Marina, completed in 2009 by Point Development. 4 sold in the last 12 months.

Typical price per sqft
AED 1,792
Typical sale
AED 2.51M
Typical rent
AED 88K /yr
Typical yield
6.3%
The Point, Dubai Marina: prices, sales and rents →

Other units on the 4th floor

All 188 units in The Point
Value
4011-bedAED 820K · Sep 2012
4031-bedAED 886K · Jan 2011
404StudioAED 580K · Nov 2018
4051-bedAED 1.3M · Apr 2019
4061-bedAED 1.15M · Jun 2013
407StudioAED 570K · Mar 2013
4081-bedAED 1.52M · Aug 2014
1–7 of 9

402, The Point in numbers

  • Sold 5 times: first on 27 January 2009 for AED 864,248, last on 12 January 2023 for AED 1,495,000 (AED 1,901 per sqft).
  • Rented since September 2015 on 4 Ejari contracts. The rent fell from AED 95,000 to AED 55,000 in 2021 and recovered to AED 119,668 by September 2024.
  • At AED 119,668 a year the gross yield on the 2023 price is 8.0%, before a service charge of about AED 18,700 a year (AED 23.83 per sqft).
  • One-beds in The Point sold for AED 1,380,000–1,380,000 in the 12 months to November 2026; the building's median across all types is AED 1,792 per sqft.

Source: Dubai Land Department. Updated 7 September 2024.

Questions about 402, The Point

What did unit 402 last sell for?

AED 1,495,000 on 12 January 2023: AED 1,901 per sqft for 786 sqft. The unit has 5 registered sales; the first was AED 864,248 in January 2009.

What is the rent for unit 402?

AED 119,668 a year on the contract signed on 7 September 2024. The previous contract, from April 2021, was AED 55,000; the unit has been rented since September 2015.

How big is unit 402?

786 sqft (73.0 sqm): a one-bedroom apartment on the 4th floor of a 27-storey tower completed in 2009.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Point sold for AED 1,380,000 to 1,380,000 in the last 12 months, around AED 1,816 per sqft.

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Mortgage on 402, The Point

Starts from the last sale price (AED 1.5M, 12 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,495,000
Deposit, UAE resident (20%)
AED 299,000
Deposit, non-resident (40%)
AED 598,000
Monthly over 25 years at 3.7%
AED 6,117

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