1202, La Residencia Del Mar
Sold prices and rental history: sold once, by the developer in July 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1202, La Residencia Del Mar
What is 1202 worth today?
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Source: Dubai Land Department. Updated 1 January 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 3,456 sqft
- Floor
- 12th of 13
- Parking
- 68,69
- Developer
- Palma Holding
- Completed
- 2006
- Service charge
- AED 49,800 /yr
- Last sold
- AED 2.38M · July 2009
- Building
- La Residencia Del Mar
About 1202, La Residencia Del Mar
1202 is a three-bedroom apartment of 3,456 sqft on the 12th floor of La Residencia Del Mar, a 13-storey tower in Dubai Marina completed in 2006 by Palma Holding. The developer sold it on 5 July 2009 for AED 2,377,960, or AED 688 per sqft, 6% below the AED 734 three-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 1 January 2021, is AED 125,000 a year: a gross yield of 5.3% on the 2009 price, before the service charge of about AED 49,800 a year.
Sales and rents for 1202 over time
1202 has sold once; the dashed line is the three-bed median of each year in the building.
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 1202 sits
All 28 3-beds →1202 last sold in July 2009 at AED 688 per sqft, 6% below what three-beds in La Residencia Del Mar were fetching at the time (AED 734). 1202's AED 125,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Feb 202419 February 2024 | 3,442 sqft | 5,000,000 | 1,452 | ||
| 6 Dec 20236 December 2023 | 3,442 sqft | 5,800,000 | 1,685 | ||
| 9 Sep 20229 September 2022 | 3,442 sqft | 3,335,000 | 968 | ||
| 30 May 202230 May 2022 | 4,288 sqft | 4,450,000 | 1,037 |
La Residencia Del Mar
Building41 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
Other units on the 12th floor
All 41 units in La Residencia Del Mar1202, La Residencia Del Mar in numbers
- Sold once: by Palma Holding on 5 July 2009 for AED 2,377,960, or AED 688 per sqft.
- Rented since January 2018 on 4 Ejari contracts, at AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2009 price is 5.3%, before a service charge of about AED 49,800 a year (AED 14.40 per sqft).
Source: Dubai Land Department. Updated 1 January 2021.
Questions about 1202, La Residencia Del Mar
What did unit 1202 last sell for?
AED 2,377,960 on 5 July 2009, sold by the developer: AED 688 per sqft for 3,456 sqft. It is the only registered sale of the unit.
What is the rent for unit 1202?
AED 125,000 a year on the contract renewed on 1 January 2021. The previous contract, from January 2020, was AED 125,000; the unit has been rented since January 2018.
How big is unit 1202?
3,456 sqft (321.1 sqm): a three-bedroom apartment on the 12th floor of a 13-storey tower completed in 2006.
What is unit 1202 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 1202, La Residencia Del Mar
Starts from the last sale price (AED 2.38M, 5 July 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 2,377,960
- Deposit, UAE resident (20%)
- AED 475,592
- Deposit, non-resident (40%)
- AED 951,184
- Monthly over 25 years at 3.7%
- AED 9,729
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →