PropertyIndex

5242

Completed · Q3 2020|554 units · 2 towers · 1 podium

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5242 is a completed apartment development by EMAAR DEVELOPMENT P.J.S.C. in Dubai Marina, Marsa Dubai, comprising 554 registered units. 855 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,616 per sqft. At AED 2,616 per sqft, 5242 prices 3% above the Dubai Marina average of AED 2,539 per sqft on registered sales.

PIX© price · 16.0% YoY
3.31MAED
Typical
2,616AED
PSF
Gross yield
5.3%
PIX© rent ÷ PIX© price
Sale records
855
DLD · all time
Rent contracts
1,212
Ejari · all time
5242

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
45 – 3,808 sqft
5543.31M2,61616.0%176K5.3%
Residential
1 Bed · Apartment
655 – 1,172 sqft
136
2 Bed · Apartment
1,081 – 1,678 sqft
250
3 Bed · Apartment
1,603 – 1,801 sqft
92
4 Bed · Apartment
3,216 – 3,695 sqft
8
Commercial
Shop
1,271 – 3,808 sqft
7
Store
45 – 187 sqft
61
Sales — Project-Wide855 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Tower Analysis
last 24 months
All towers · 76 sales
Tower 1 · 48 sales
Tower 2 · 28 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
13 Aug 20262 BedTower 1 · Floor 161,1223,100,0002,762+31.4%Entry LevelStandard Sale
12 Aug 20262 BedTower 1 · Floor 331,1193,210,0002,868+13.4%StandardStandard Sale
15 Jul 20261 BedTower 2 · Floor 31,0111,000,000989CompletionStandardStandard Sale
Rentals — Project-Wide1,212 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Tower & Floor Analysis
last 24 months
All towers · 519 rentals
Floors 2-7 · 85 rentals
Floors 8-33 · 381 rentals
Floors 34-46 · 53 rentals
Tower 2 · 216 rentals
Floors 2-7 · 44 rentals
Floors 8-33 · 172 rentals
Floors 34-46
Tower 1 · 303 rentals
Floors 2-7 · 41 rentals
Floors 8-33 · 209 rentals
Floors 34-46 · 53 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
27 Sep 20262 Bed1,131160,000141Standardrenewal
17 Aug 20261 BedTower 2 · Floor 41,002122,947123-15.2%Standardnew
15 Aug 20261 BedTower 1 · Floor 21687110,000160-9.8%Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Marina

The closest-priced registered projects in Dubai Marina.

Common questions about 5242

Answered from Dubai Land Department registered transactions.

How much does a property in 5242 cost?

Property in 5242 sells at a current PIX© price of AED 2,616 per sqft, or about AED 3,311,371 for a typical unit, based on 855 sales registered with the Dubai Land Department.

Is 5242 completed?

Yes. 5242 is recorded as completed in the Dubai Land Department project register (completed q3 2020).

Who is the developer of 5242?

5242 is developed by EMAAR DEVELOPMENT P.J.S.C., the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in 5242?

5242 yields 5.3% gross, calculated from current PIX© rent against current PIX© sale price, across 1,212 registered Ejari contracts.

How many units are in 5242?

5242 holds 554 registered units across 2 towers, per the Dubai Land Department unit register.

Have prices in 5242 gone up or down?

Price per sqft has fallen -16.0% over the last 12 months, to AED 2,616, across 855 registered sales.