1-bed · 801 sqftYacht Bay, Dubai Marina · 15th floor · completed 2007

1506, Yacht Bay

Sold prices and rental history: sold 4 times, last in October 2023, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 30 October 2023
Last soldAED 1.2M30 October 2023
Current rentAED 85K /yr1 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, Yacht Bay

What is 1506 worth today?

Last sold for AED 1,200,000 in 2023

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30 Oct 2023SoldReady
AED 1,200,000AED 1,498 per sqft
7 Oct 2015SoldReady
AED 535,000AED 667 per sqft
1 Oct 2014RentedNew contract
AED 85,000/yr12 months · AED 106 per sqft
15 Sep 2013RentedNew contract
AED 78,267/yr13 months · AED 98 per sqft
25 Jul 2013SoldReady
AED 1,050,000AED 1,310 per sqft
4 Apr 2011Sold by developerReady
AED 363,150AED 453 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 October 2023.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
15th of 16
Parking
B1- 90
Developer
Select Global Development
Completed
2007
Service charge
AED 15,500 /yr
Last sold
AED 1.2M · October 2023
Building
Yacht Bay

About 1506, Yacht Bay

1506 is a one-bedroom apartment of 801 sqft on the 15th floor of Yacht Bay, a 16-storey tower in Dubai Marina completed in 2007 by Select Global Development. It last sold on 30 October 2023 for AED 1,200,000, or AED 1,498 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 October 2014, is AED 85,000 a year: a gross yield of 7.1% on the 2023 price, before the service charge of about AED 15,500 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical one-bed in Yacht Bay
500K1M2008201320182023Typical sale price by year: 2008 AED 873,845; 2009 AED 612,295; 2010 AED 594,060; 2011 AED 314,730; 2012 AED 615,000; 2013 AED 995,000; 2023 AED 1,080,000Sold by developer, April 2011: AED 363,150 (AED 453 per sqft)Sold, July 2013: AED 1,050,000 (AED 1,310 per sqft)Sold, October 2015: AED 535,000 (AED 667 per sqft)Sold, October 2023: AED 1,200,000 (AED 1,498 per sqft)

1506 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1506, each contractTypical one-bed in Yacht Bay
60K80K2013201720212025Typical rent by year: 2013 AED 70,000; 2014 AED 83,000; 2015 AED 86,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 65,000; 2020 AED 58,000; 2021 AED 51,000; 2022 AED 60,000; 2023 AED 79,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 85,000New contract, September 2013: AED 78,267 a yearNew contract, October 2014: AED 85,000 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 Yacht Bay, and where 1506 sits

All 30 1-beds →

1506's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Jun 20251,225,000
27 Feb 20251,225,000
13 Mar 20241,230,000
7 Dec 20231,080,000
0 1-bed sales in the last 12 months

Yacht Bay

Building

174 apartments, studios to 3-bed over 16 floors in Dubai Marina, completed in 2007 by Select Global Development. 7 sold in the last 12 months.

Typical price per sqft
AED 1,392
Typical sale
AED 1.65M
Typical rent
AED 95K /yr
Typical yield
7.5%
Yacht Bay, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 174 units in Yacht Bay
Value
1501StudioAED 750K · May 2023
1502StudioAED 750K · Jan 2017
1503StudioAED 575K · Jun 2022
1504StudioAED 680K · Mar 2023
15051-bedAED 900K · Oct 2013
15072-bedAED 1.5M · Sep 2022
15082-bedAED 1.5M · Jul 2023
1–7 of 10

1506, Yacht Bay in numbers

  • Sold 4 times: first on 4 April 2011 for AED 363,150, last on 30 October 2023 for AED 1,200,000 (AED 1,498 per sqft).
  • Rented since September 2013 on 2 Ejari contracts, from AED 78,267 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 7.1%, before a service charge of about AED 15,500 a year (AED 19.34 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 30 October 2023.

Questions about 1506, Yacht Bay

What did unit 1506 last sell for?

AED 1,200,000 on 30 October 2023: AED 1,498 per sqft for 801 sqft. The unit has 4 registered sales; the first was AED 363,150 in April 2011.

What is the rent for unit 1506?

AED 85,000 a year on the contract signed on 1 October 2014. The previous contract, from September 2013, was AED 78,267.

How big is unit 1506?

801 sqft (74.4 sqm): a one-bedroom apartment on the 15th floor of a 16-storey tower completed in 2007.

What is unit 1506 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 1506, Yacht Bay

Starts from the last sale price (AED 1.2M, 30 October 2023). 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 AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →