702, La Residencia Del Mar
Sold prices and rental history: sold once, by the developer in July 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, La Residencia Del Mar
What is 702 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 December 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 3,456 sqft
- Floor
- 7th of 13
- Parking
- 52,53
- Developer
- Palma Holding
- Completed
- 2006
- Service charge
- AED 49,800 /yr
- Last sold
- AED 2.73M · July 2008
- Building
- La Residencia Del Mar
About 702, La Residencia Del Mar
702 is a three-bedroom apartment of 3,456 sqft on the 7th floor of La Residencia Del Mar, a 13-storey tower in Dubai Marina completed in 2006 by Palma Holding. The developer sold it on 24 July 2008 for AED 2,730,000, or AED 789 per sqft, in line with the AED 772 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 December 2021, is AED 225,000 a year: a gross yield of 8.2% on the 2008 price, before the service charge of about AED 49,800 a year.
Sales and rents for 702 over time
702 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 702 sits
All 28 3-beds →702 last sold in July 2008 at AED 789 per sqft, in line with what three-beds in La Residencia Del Mar were fetching at the time (AED 772). 702's AED 225,000 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 7th floor
All 41 units in La Residencia Del Mar702, La Residencia Del Mar in numbers
- Sold once: by Palma Holding on 24 July 2008 for AED 2,730,000, or AED 789 per sqft.
- Rented since August 2013 on 7 Ejari contracts. The rent fell from AED 240,000 to AED 190,000 in 2019 and recovered to AED 225,000 by December 2021.
- At AED 225,000 a year the gross yield on the 2008 price is 8.2%, before a service charge of about AED 49,800 a year (AED 14.40 per sqft).
Source: Dubai Land Department. Updated 1 December 2021.
Questions about 702, La Residencia Del Mar
What did unit 702 last sell for?
AED 2,730,000 on 24 July 2008, sold by the developer: AED 789 per sqft for 3,456 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 225,000 a year on the contract signed on 1 December 2021. The previous contract, from February 2019, was AED 190,000; the unit has been rented since August 2013.
How big is unit 702?
3,456 sqft (321.1 sqm): a three-bedroom apartment on the 7th floor of a 13-storey tower completed in 2006.
What is unit 702 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 702? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 702, La Residencia Del Mar
Starts from the last sale price (AED 2.73M, 24 July 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 2,730,000
- Deposit, UAE resident (20%)
- AED 546,000
- Deposit, non-resident (40%)
- AED 1,092,000
- Monthly over 25 years at 3.7%
- AED 11,169
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →