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2-bed · 1,443 sqftPaloma 3, Dubai Marina · 11th floor · completed 2008

1101, Paloma 3

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

Unit 1101 · DLD and Ejari recordsUpdated 30 March 2017
Last soldAED 2.2M13 January 2013
Current rentAED 130K /yr30 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1101, Paloma 3

What is 1101 worth today?

Last sold for AED 2,200,000 in 2013

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30 Mar 2017RentedRenewal
AED 130,000/yr12 months · AED 90 per sqft
30 Mar 2016RentedNew contract
AED 130,000/yr12 months · AED 90 per sqft
13 Jan 2013SoldReady
AED 2,200,000AED 1,524 per sqft
15 Aug 2010Sold by developerReady
AED 1,429,888AED 990 per sqft

Source: Dubai Land Department. Updated 30 March 2017.

Key facts

Type
2-bed apartment
Size
1,443 sqft
Floor
11th of 38
Parking
P2 - 2296
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 2.2M · January 2013
Building
Paloma 3

About 1101, Paloma 3

1101 is a two-bedroom apartment of 1,443 sqft on the 11th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 13 January 2013 for AED 2,200,000, or AED 1,524 per sqft, 10% above the AED 1,385 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 30 March 2017, is AED 130,000 a year: a gross yield of 5.9% on the 2013 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, each saleTypical two-bed in Paloma 3
2M4M2009201420192024Typical sale price by year: 2009 AED 1,544,388; 2010 AED 1,844,888; 2011 AED 1,868,888; 2012 AED 1,850,000; 2013 AED 2,664,000; 2014 AED 3,300,000; 2015 AED 1,850,061; 2016 AED 2,550,000; 2020 AED 2,050,000; 2021 AED 2,450,000; 2022 AED 3,000,000; 2023 AED 3,325,000; 2024 AED 3,650,000; 2025 AED 3,712,500; 2026 AED 3,700,000Sold by developer, August 2010: AED 1,429,888 (AED 990 per sqft)Sold, January 2013: AED 2,200,000 (AED 1,524 per sqft)

1101 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1101, each contractTypical two-bed in Paloma 3
125K150K175K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 170,000; 2014 AED 171,250; 2015 AED 180,000; 2016 AED 180,000; 2017 AED 179,759; 2018 AED 167,000; 2019 AED 150,000; 2020 AED 135,000; 2021 AED 127,728; 2022 AED 140,000; 2023 AED 155,000; 2024 AED 170,000; 2025 AED 175,000; 2026 AED 170,000New contract, March 2016: AED 130,000 a yearRenewal, March 2017: AED 130,000 a year

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

2-beds in Paloma 3, and where 1101 sits

All 74 2-beds →

1101 last sold in January 2013 at AED 1,524 per sqft, 10% above what two-beds in Paloma 3 were fetching at the time (AED 1,385). Over the last 12 months two-beds sold for AED 3,100,000 to 4,300,000, around AED 2,283 per sqft, and rent for AED 49,852 to 235,000 a year. 1101's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Jul 202613,934
14 Jul 20263,800,000
2 Jul 20263,700,000
2 Apr 20263,700,000
9 2-bed sales 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 11th floor

All 181 units in Paloma 3
Value
11023-bedAED 5.5M · Apr 2025
11032-bedAED 2.28M · Sep 2019
11041-bedAED 827K · Jul 2009
11051-bedAED 1.55M · Apr 2016

1101, Paloma 3 in numbers

  • Sold twice: first on 15 August 2010 for AED 1,429,888, last on 13 January 2013 for AED 2,200,000 (AED 1,524 per sqft).
  • Rented since March 2016 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2013 price is 5.9%, before a service charge of about AED 28,600 a year (AED 19.81 per sqft).
  • Two-beds in Paloma 3 sold for AED 3,100,000–4,300,000 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 30 March 2017.

Questions about 1101, Paloma 3

What did unit 1101 last sell for?

AED 2,200,000 on 13 January 2013: AED 1,524 per sqft for 1,443 sqft. The unit has 2 registered sales; the first was AED 1,429,888 in August 2010.

What is the rent for unit 1101?

AED 130,000 a year on the contract renewed on 30 March 2017. The previous contract, from March 2016, was AED 130,000.

How big is unit 1101?

1,443 sqft (134.1 sqm): a two-bedroom apartment on the 11th floor of a 38-storey tower completed in 2008.

What is unit 1101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Paloma 3 sold for AED 3,100,000 to 4,300,000 in the last 12 months, around AED 2,283 per sqft.

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Mortgage on 1101, Paloma 3

Starts from the last sale price (AED 2.2M, 13 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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