501, La Residencia Del Mar
Sold prices and rental history: sold twice, last in December 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, La Residencia Del Mar
What is 501 worth today?
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Source: Dubai Land Department. Updated 23 December 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 2,352 sqft
- Floor
- 5th of 13
- Parking
- 44,45
- Developer
- Palma Holding
- Completed
- 2006
- Service charge
- AED 33,900 /yr
- Last sold
- AED 1.5M · December 2020
- Building
- La Residencia Del Mar
About 501, La Residencia Del Mar
501 is a two-bedroom apartment of 2,352 sqft on the 5th floor of La Residencia Del Mar, a 13-storey tower in Dubai Marina completed in 2006 by Palma Holding. It last sold on 23 December 2020 for AED 1,500,000, or AED 637 per sqft.
It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 17 March 2020, is AED 130,000 a year: a gross yield of 8.7% on the 2020 price, before the service charge of about AED 33,900 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in La Residencia Del Mar, and where 501 sits
All 12 2-beds →501's AED 130,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Dec 202325 December 2023 | 2,352 sqft | 2,500,000 | 1,062 | ||
| 6 Jun 20226 June 2022 | 2,352 sqft | 2,000,000 | 850 | ||
| 6 Apr 20226 April 2022 | 2,352 sqft | 1,850,000 | 786 | ||
| 2 Mar 20212 March 2021 | 2,352 sqft | 1,750,000 | 744 |
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 5th floor
All 41 units in La Residencia Del Mar501, La Residencia Del Mar in numbers
- Sold twice: first on 24 July 2008 for AED 1,484,880, last on 23 December 2020 for AED 1,500,000 (AED 637 per sqft).
- Rented since March 2019 on 2 Ejari contracts, at AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2020 price is 8.7%, before a service charge of about AED 33,900 a year (AED 14.40 per sqft).
Source: Dubai Land Department. Updated 23 December 2020.
Questions about 501, La Residencia Del Mar
What did unit 501 last sell for?
AED 1,500,000 on 23 December 2020: AED 637 per sqft for 2,352 sqft. The unit has 2 registered sales; the first was AED 1,484,880 in July 2008.
What is the rent for unit 501?
AED 130,000 a year on the contract renewed on 17 March 2020. The previous contract, from March 2019, was AED 130,000.
How big is unit 501?
2,352 sqft (218.5 sqm): a two-bedroom apartment on the 5th floor of a 13-storey tower completed in 2006.
What is unit 501 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 501, La Residencia Del Mar
Starts from the last sale price (AED 1.5M, 23 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →