Yacht Bay
Apartment
About the building
18-storey residential building in Dubai Marina, completed in 2007. Developer — Amrak Real Estate and Select Group. Architect — Khatib & Alami.
What the building has
- Swimming pool
- Spa and sauna
Where it is
Dubai Marina
The original high-rise waterfront: a dense forest of towers around a man-made marina, and still the busiest rental market in the city.
- reliable rental income
- car-free living
- fast resale
What to check: Much of the stock is fifteen to twenty years old and building condition varies enormously. Get the service charge history and walk the common areas before you offer — an unmaintained tower will cost you more than the discount you got.
Full district guide →Questions and answers about lot NP11-108800
How much is this apartment in Yacht Bay?
Lot NP11-108800 is priced at AED 15 800 000, about $4 302 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
How does this price compare with other lots in Yacht Bay?
The database holds 3 lots in Yacht Bay right now, from AED 1 200 000 to AED 15 800 000.
What are prices like in Dubai Marina?
The database holds 194 lots in Dubai Marina, starting from AED 500 000. The area median is AED 2 311 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 27 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Marina area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2007 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 30%, here AED 4 740 000; a loan of AED 11 060 000 over 25 years at 3.75–4.99% a year comes to roughly AED 56 900–64 600 a month. A non-resident puts down from 40% (AED 6 320 000) and pays about AED 48 700–55 400 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 632 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 15 800 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Yacht Bay?
The building has 18 floors and 174 units. Completion year: 2007. Figures are from the project passport: Propsearch and the Dubai Land Department.
Yacht Bay project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP11-108800 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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