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3-bed · 2,123 sqftPaloma 3, Dubai Marina · 1st floor · completed 2008

102, Paloma 3

Sold prices and rental history: sold twice, last in June 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 102 · DLD and Ejari recordsUpdated 11 June 2019
Last soldAED 3.2M11 June 2019
Current rentAED 205K /yr29 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 102, Paloma 3

What is 102 worth today?

Last sold for AED 3,200,000 in 2019

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11 Jun 2019SoldReady
AED 3,200,000AED 1,507 per sqft
29 Nov 2018RentedRenewal
AED 205,000/yr12 months · AED 97 per sqft
29 Nov 2017RentedNew contract
AED 205,000/yr12 months · AED 97 per sqft
27 Nov 2016RentedRenewal
AED 205,000/yr12 months · AED 97 per sqft
29 Nov 2015RentedNew contract
AED 206,108/yr12 months · AED 97 per sqft
21 Feb 2015RentedNew contract
AED 235,000/yr12 months · AED 111 per sqft
21 Dec 2013RentedNew contract
AED 235,000/yr12 months · AED 111 per sqft
16 Aug 2010Sold by developerReady
AED 2,397,888AED 1,129 per sqft

Source: Dubai Land Department. Updated 11 June 2019.

Key facts

Type
3-bed apartment
Size
2,123 sqft
Floor
1st of 38
Parking
P3 - 3183, P3 - 3184
Developer
Emaar
Completed
2008
Service charge
AED 42,100 /yr
Last sold
AED 3.2M · June 2019
Building
Paloma 3

About 102, Paloma 3

102 is a three-bedroom apartment of 2,123 sqft on the 1st floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 11 June 2019 for AED 3,200,000, or AED 1,507 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 29 November 2018, is AED 205,000 a year: a gross yield of 6.4% on the 2019 price, before the service charge of about AED 42,100 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical three-bed in Paloma 3
2M4M20092013201720212025Typical sale price by year: 2009 AED 2,450,000; 2010 AED 2,323,888; 2011 AED 2,407,944; 2012 AED 2,900,000; 2013 AED 3,500,000; 2014 AED 4,600,000; 2015 AED 2,306,552; 2021 AED 2,900,000; 2022 AED 3,775,000; 2023 AED 3,900,000; 2024 AED 4,150,000Sold by developer, August 2010: AED 2,397,888 (AED 1,129 per sqft)Sold, June 2019: AED 3,200,000 (AED 1,507 per sqft)

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

Rents
Unit 102, each contractTypical three-bed in Paloma 3
200K250K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 220,000; 2014 AED 250,000; 2015 AED 230,000; 2016 AED 235,000; 2017 AED 230,000; 2018 AED 207,500; 2019 AED 190,000; 2020 AED 176,000; 2021 AED 165,313; 2022 AED 185,000; 2023 AED 220,000; 2024 AED 220,000; 2025 AED 240,000; 2026 AED 240,000New contract, December 2013: AED 235,000 a yearNew contract, February 2015: AED 235,000 a yearNew contract, November 2015: AED 206,108 a yearRenewal, November 2016: AED 205,000 a yearNew contract, November 2017: AED 205,000 a yearRenewal, November 2018: AED 205,000 a year

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

3-beds in Paloma 3, and where 102 sits

All 38 3-beds →

Over the last 12 months three-beds sold for AED 4,999,999, around AED 2,383 per sqft, and rent for AED 220,000 to 300,000 a year. 102's AED 205,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Dec 20254,999,999
15 Apr 20255,500,000
6 Sep 20245,500,000
2 Jul 20241,850,000
1 3-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 1st floor

All 181 units in Paloma 3
Value
1011-bedAED 1.12M · Nov 2009
1032-bedAED 2.66M · Jan 2013

102, Paloma 3 in numbers

  • Sold twice: first on 16 August 2010 for AED 2,397,888, last on 11 June 2019 for AED 3,200,000 (AED 1,507 per sqft).
  • Rented since December 2013 on 6 Ejari contracts, from AED 235,000 to AED 205,000 a year.
  • At AED 205,000 a year the gross yield on the 2019 price is 6.4%, before a service charge of about AED 42,100 a year (AED 19.81 per sqft).
  • Three-beds in Paloma 3 sold for AED 4,999,999–4,999,999 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 11 June 2019.

Questions about 102, Paloma 3

What did unit 102 last sell for?

AED 3,200,000 on 11 June 2019: AED 1,507 per sqft for 2,123 sqft. The unit has 2 registered sales; the first was AED 2,397,888 in August 2010.

What is the rent for unit 102?

AED 205,000 a year on the contract renewed on 29 November 2018. The previous contract, from November 2017, was AED 205,000; the unit has been rented since December 2013.

How big is unit 102?

2,123 sqft (197.2 sqm): a three-bedroom apartment on the 1st floor of a 38-storey tower completed in 2008.

What is unit 102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paloma 3 sold for AED 4,999,999 to 4,999,999 in the last 12 months, around AED 2,383 per sqft.

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Mortgage on 102, Paloma 3

Starts from the last sale price (AED 3.2M, 11 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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