3-bed · 3,442 sqftLa Residencia Del Mar, Dubai Marina · 10th floor · completed 2006

1003, La Residencia Del Mar

Sold prices and rental history: sold twice, last in March 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 22 March 2015
Last soldAED 4.54M22 March 2015
Current rentAED 220K /yr1 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, La Residencia Del Mar

What is 1003 worth today?

Last sold for AED 4,540,000 in 2015

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22 Mar 2015SoldReady
AED 4,540,000AED 1,319 per sqft
1 Nov 2014RentedRenewal
AED 220,000/yr12 months · AED 64 per sqft
1 Nov 2013RentedNew contract
AED 220,000/yr12 months · AED 64 per sqft
23 Jul 2008Sold by developerReady
AED 2,750,000AED 798 per sqft

Source: Dubai Land Department. Updated 22 March 2015.

Key facts

Type
3-bed apartment
Size
3,442 sqft
Floor
10th of 13
Parking
21,22
Developer
Palma Holding
Completed
2006
Service charge
AED 49,600 /yr
Last sold
AED 4.54M · March 2015

About 1003, La Residencia Del Mar

1003 is a three-bedroom apartment of 3,442 sqft on the 10th floor of La Residencia Del Mar, a 13-storey tower in Dubai Marina completed in 2006 by Palma Holding. It last sold on 22 March 2015 for AED 4,540,000, or AED 1,319 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, renewed on 1 November 2014, is AED 220,000 a year: a gross yield of 4.9% on the 2015 price, before the service charge of about AED 49,600 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical three-bed in La Residencia Del Mar
2M4M2008201220162020Typical sale price by year: 2008 AED 2,740,000; 2009 AED 2,377,960; 2011 AED 2,212,500; 2013 AED 4,450,000; 2017 AED 5,000,000; 2019 AED 3,100,000; 2022 AED 3,335,000Sold by developer, July 2008: AED 2,750,000 (AED 798 per sqft)Sold, March 2015: AED 4,540,000 (AED 1,319 per sqft)

1003 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1003, each contractTypical three-bed in La Residencia Del Mar
200K300K2013201720212025Typical rent by year: 2013 AED 220,000; 2014 AED 250,000; 2015 AED 240,000; 2016 AED 239,629; 2017 AED 240,337; 2018 AED 230,000; 2019 AED 190,000; 2020 AED 170,000; 2021 AED 175,000; 2022 AED 240,000; 2023 AED 300,000; 2024 AED 250,000; 2025 AED 250,000; 2026 AED 300,000New contract, November 2013: AED 220,000 a yearRenewal, November 2014: AED 220,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in La Residencia Del Mar, and where 1003 sits

All 28 3-beds →

1003's AED 220,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
19 Feb 20245,000,000
6 Dec 20235,800,000
9 Sep 20223,335,000
30 May 20224,450,000
0 3-bed sales in the last 12 months

La Residencia Del Mar

Building

41 apartments, 2-bed to 3-bed over 13 floors in Dubai Marina, completed in 2006 by Palma Holding. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 160K /yr
Typical yield
La Residencia Del Mar, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 41 units in La Residencia Del Mar
Value
10012-bedAED 1.75M · Mar 2021
10023-bedAED 1.93M · Jul 2011

1003, La Residencia Del Mar in numbers

  • Sold twice: first on 23 July 2008 for AED 2,750,000, last on 22 March 2015 for AED 4,540,000 (AED 1,319 per sqft).
  • Rented since November 2013 on 2 Ejari contracts, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2015 price is 4.9%, before a service charge of about AED 49,600 a year (AED 14.40 per sqft).

Source: Dubai Land Department. Updated 22 March 2015.

Questions about 1003, La Residencia Del Mar

What did unit 1003 last sell for?

AED 4,540,000 on 22 March 2015: AED 1,319 per sqft for 3,442 sqft. The unit has 2 registered sales; the first was AED 2,750,000 in July 2008.

What is the rent for unit 1003?

AED 220,000 a year on the contract renewed on 1 November 2014. The previous contract, from November 2013, was AED 220,000.

How big is unit 1003?

3,442 sqft (319.8 sqm): a three-bedroom apartment on the 10th floor of a 13-storey tower completed in 2006.

What is unit 1003 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 1003, La Residencia Del Mar

Starts from the last sale price (AED 4.54M, 22 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,540,000
Deposit, UAE resident (20%)
AED 908,000
Deposit, non-resident (40%)
AED 1,816,000
Monthly over 25 years at 3.7%
AED 18,575

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