1-bed · 891 sqftPaloma 3, Dubai Marina · 10th floor · completed 2008

1004, Paloma 3

Sold prices and rental history: sold 4 times, last in September 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 21 November 2019
Last soldAED 1.93M18 September 2016
Current rentAED 98K /yr21 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Paloma 3

What is 1004 worth today?

Last sold for AED 1,925,000 in 2016

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21 Nov 2019RentedRenewal
AED 98,000/yr12 months · AED 110 per sqft
21 Nov 2018RentedNew contract
AED 98,000/yr12 months · AED 110 per sqft
18 Sep 2016SoldReady
AED 1,925,000AED 2,160 per sqft
4 Oct 2015RentedRenewal
AED 125,000/yr12 months · AED 140 per sqft
29 Sep 2015SoldReady
AED 1,600,000AED 1,795 per sqft
4 Oct 2014RentedNew contract
AED 120,000/yr12 months · AED 134 per sqft
5 Oct 2013RentedNew contract
AED 120,000/yr12 months · AED 134 per sqft
14 Sep 2011Sold by developerReady
AED 820,888AED 921 per sqft

Source: Dubai Land Department. Updated 21 November 2019.

Key facts

Type
1-bed apartment
Size
891 sqft
Floor
10th of 38
Parking
P1 - 1228
Developer
Emaar
Completed
2008
Service charge
AED 17,700 /yr
Last sold
AED 1.93M · September 2016
Building
Paloma 3

About 1004, Paloma 3

1004 is a one-bedroom apartment of 891 sqft on the 10th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 18 September 2016 for AED 1,925,000, or AED 2,160 per sqft, 31% above the AED 1,646 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 21 November 2019, is AED 98,000 a year: a gross yield of 5.1% on the 2016 price, before the service charge of about AED 17,700 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical one-bed in Paloma 3
1M2M2009201420192024Typical sale price by year: 2009 AED 909,013; 2010 AED 912,888; 2011 AED 1,133,000; 2012 AED 1,000,000; 2013 AED 1,325,000; 2014 AED 1,950,000; 2015 AED 1,675,000; 2017 AED 1,640,000; 2019 AED 950,000; 2020 AED 700,000; 2021 AED 1,400,000; 2022 AED 1,575,000; 2023 AED 1,865,000; 2024 AED 1,940,000; 2025 AED 2,050,000Sold by developer, September 2011: AED 820,888 (AED 921 per sqft)Sold, September 2011: AED 1,100,000 (AED 1,234 per sqft)Sold, September 2015: AED 1,600,000 (AED 1,795 per sqft)Sold, September 2016: AED 1,925,000 (AED 2,160 per sqft)

1004 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1004, each contractTypical one-bed in Paloma 3
80K100K120K2012201620202024Typical rent by year: 2012 AED 97,500; 2013 AED 107,000; 2014 AED 117,750; 2015 AED 122,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 109,500; 2019 AED 96,500; 2020 AED 85,000; 2021 AED 84,500; 2022 AED 88,125; 2023 AED 95,000; 2024 AED 111,000; 2025 AED 110,000; 2026 AED 105,000New contract, October 2013: AED 120,000 a yearNew contract, October 2014: AED 120,000 a yearRenewal, October 2015: AED 125,000 a yearNew contract, November 2018: AED 98,000 a yearRenewal, November 2019: AED 98,000 a year

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

1-beds in Paloma 3, and where 1004 sits

All 67 1-beds →

1004 last sold in September 2016 at AED 2,160 per sqft, 31% above what one-beds in Paloma 3 were fetching at the time (AED 1,646). Over the last 12 months one-beds sold for AED 2,150,000, around AED 2,075 per sqft, and rent for AED 80,000 to 140,000 a year. 1004's AED 98,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Mar 20262,150,000
12 Aug 20252,075,000
7 May 20251,970,000
8 Apr 20252,300,000
1 1-bed sale in the last 12 months

Paloma 3

Building

181 apartments, studios to 3-bed over 38 floors in Dubai Marina, completed in 2008 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 2,283 Down 1.3%
Typical sale
AED 3.7M
Typical rent
AED 120K /yr
Typical yield
4.7%
Paloma 3, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 181 units in Paloma 3
Value
10012-bedAED 1.75M · Oct 2020
10023-bedAED 4M · Dec 2022
10051-bedAED 600K · Mar 2019

1004, Paloma 3 in numbers

  • Sold 4 times: first on 14 September 2011 for AED 1,100,000, last on 18 September 2016 for AED 1,925,000 (AED 2,160 per sqft).
  • Rented since October 2013 on 5 Ejari contracts, from AED 120,000 to AED 98,000 a year.
  • At AED 98,000 a year the gross yield on the 2016 price is 5.1%, before a service charge of about AED 17,700 a year (AED 19.81 per sqft).
  • One-beds in Paloma 3 sold for AED 2,150,000–2,150,000 in the 12 months to November 2026; the building's median across all types is AED 2,283 per sqft.

Source: Dubai Land Department. Updated 21 November 2019.

Questions about 1004, Paloma 3

What did unit 1004 last sell for?

AED 1,925,000 on 18 September 2016: AED 2,160 per sqft for 891 sqft. The unit has 4 registered sales; the first was AED 1,100,000 in September 2011.

What is the rent for unit 1004?

AED 98,000 a year on the contract renewed on 21 November 2019. The previous contract, from November 2018, was AED 98,000; the unit has been rented since October 2013.

How big is unit 1004?

891 sqft (82.8 sqm): a one-bedroom apartment on the 10th floor of a 38-storey tower completed in 2008.

What is unit 1004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paloma 3 sold for AED 2,150,000 to 2,150,000 in the last 12 months, around AED 2,075 per sqft.

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Mortgage on 1004, Paloma 3

Starts from the last sale price (AED 1.93M, 18 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,925,000
Deposit, UAE resident (20%)
AED 385,000
Deposit, non-resident (40%)
AED 770,000
Monthly over 25 years at 3.7%
AED 7,876

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