3-bed · 3,456 sqftLa Residencia Del Mar, Dubai Marina · 5th floor · completed 2006

502, La Residencia Del Mar

Sold prices and rental history: sold twice, last in June 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 17 June 2019
Last soldAED 3.6M17 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, La Residencia Del Mar

What is 502 worth today?

Last sold for AED 3,600,000 in 2019

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17 Jun 2019SoldReady
AED 3,600,000AED 1,041 per sqft
8 Jul 2009Sold by developerReady
AED 1,600,000AED 462 per sqft

Source: Dubai Land Department. Updated 17 June 2019.

Key facts

Type
3-bed apartment
Size
3,456 sqft
Floor
5th of 13
Parking
57,58
Developer
Palma Holding
Completed
2006
Service charge
AED 49,800 /yr
Last sold
AED 3.6M · June 2019

About 502, La Residencia Del Mar

502 is a three-bedroom apartment of 3,456 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 17 June 2019 for AED 3,600,000, or AED 1,041 per sqft, in line with the AED 1,041 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, 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 2009: AED 1,600,000 (AED 462 per sqft)Sold, June 2019: AED 3,600,000 (AED 1,041 per sqft)

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

Rents
Unit 502, 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 300,000

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 502 sits

All 28 3-beds →

502 last sold in June 2019 at AED 1,041 per sqft, in line with what three-beds in La Residencia Del Mar were fetching at the time (AED 1,041).

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 5th floor

All 41 units in La Residencia Del Mar
Value
5012-bedAED 1.5M · Dec 2020
5033-bedAED 3.1M · Jul 2019

502, La Residencia Del Mar in numbers

  • Sold twice: first on 8 July 2009 for AED 1,600,000, last on 17 June 2019 for AED 3,600,000 (AED 1,041 per sqft).

Source: Dubai Land Department. Updated 17 June 2019.

Questions about 502, La Residencia Del Mar

What did unit 502 last sell for?

AED 3,600,000 on 17 June 2019: AED 1,041 per sqft for 3,456 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in July 2009.

How big is unit 502?

3,456 sqft (321.1 sqm): a three-bedroom apartment on the 5th floor of a 13-storey tower completed in 2006.

What is unit 502 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 502, La Residencia Del Mar

Starts from the last sale price (AED 3.6M, 17 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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