1602, Yacht Bay
Sold prices and rental history: sold twice, last in May 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Yacht Bay
What is 1602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 August 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,001 sqft
- Floor
- 16th of 16
- Parking
- B1- 68 - 69
- Developer
- Select Global Development
- Completed
- 2007
- Service charge
- AED 38,700 /yr
- Last sold
- AED 1.59M · May 2012
- Building
- Yacht Bay
About 1602, Yacht Bay
1602 is a three-bedroom apartment of 2,001 sqft on the 16th floor of Yacht Bay, a 16-storey tower in Dubai Marina completed in 2007 by Select Global Development. It last sold on 9 May 2012 for AED 1,590,000, or AED 794 per sqft.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 12 August 2024, is AED 135,000 a year: a gross yield of 8.5% on the 2012 price, before the service charge of about AED 38,700 a year.
Sales and rents for 1602 over time
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Yacht Bay, and where 1602 sits
All 6 3-beds →| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Mar 202222 March 2022 | 2,319 sqft | 1,900,000 | 819 | ||
| 4 Aug 20214 August 2021 | 2,555 sqft | 2,100,000 | 821 | ||
| 22 Feb 202122 February 2021 | 2,915 sqft | 1,500,000 | 514 | ||
| 15 Dec 201915 December 2019 | 2,555 sqft | 1,375,000 | 538 |
Yacht Bay
Building174 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%
Other units on the 16th floor
All 174 units in Yacht Bay| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 2,319 sqft | AED 1.9MAED 1,900,000 · Mar 2022March 2022 | 125,383 /yr | |
| 1603 | 1-bed | 1,502 sqft | AED 1.38MAED 1,375,000 · Nov 2021November 2021 | 140,000 /yr | |
| 1604 | 2-bed | 1,828 sqft | AED 1.1MAED 1,100,000 · Jun 2021June 2021 | 113,000 /yr | |
| 1605 | 3-bed | 2,995 sqft | AED 2.7MAED 2,700,000 · May 2013May 2013 | 125,000 /yr | |
| 1606 | 3-bed | 2,915 sqft | AED 1.5MAED 1,500,000 · Feb 2021February 2021 | 169,544 /yr | |
| 1607 | 3-bed | 2,132 sqft | AED 2.39MAED 2,390,000 · Jun 2013June 2013 | ||
| 1608 | 2-bed | 2,103 sqft | AED 2MAED 2,000,000 · Oct 2022October 2022 | 137,143 /yr | |
| 1609 | 3-bed | 2,555 sqft | AED 2.1MAED 2,100,000 · Aug 2021August 2021 | 170,000 /yr |
1602, Yacht Bay in numbers
- Sold twice: first on 14 June 2010 for AED 1,117,215, last on 9 May 2012 for AED 1,590,000 (AED 794 per sqft).
- Rented since June 2015 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 100,000 in 2021 and recovered to AED 135,000 by August 2024.
- At AED 135,000 a year the gross yield on the 2012 price is 8.5%, before a service charge of about AED 38,700 a year (AED 19.34 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 12 August 2024.
Questions about 1602, Yacht Bay
What did unit 1602 last sell for?
AED 1,590,000 on 9 May 2012: AED 794 per sqft for 2,001 sqft. The unit has 2 registered sales; the first was AED 1,117,215 in June 2010.
What is the rent for unit 1602?
AED 135,000 a year on the contract signed on 12 August 2024. The previous contract, from August 2023, was AED 120,000; the unit has been rented since June 2015.
How big is unit 1602?
2,001 sqft (185.9 sqm): a three-bedroom apartment on the 16th floor of a 16-storey tower completed in 2007.
What is unit 1602 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 1602, Yacht Bay
Starts from the last sale price (AED 1.59M, 9 May 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,590,000
- Deposit, UAE resident (20%)
- AED 318,000
- Deposit, non-resident (40%)
- AED 636,000
- Monthly over 25 years at 3.7%
- AED 6,505
Plus AED 71,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →