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3-bed · 2,098 sqftPaloma 3, Dubai Marina · 12th floor · completed 2008

1202, Paloma 3

Sold prices and rental history: sold twice, last in June 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 18 June 2012
Last soldAED 2.95M18 June 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, Paloma 3

What is 1202 worth today?

Last sold for AED 2,950,000 in 2012

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18 Jun 2012SoldReady
AED 2,950,000AED 1,406 per sqft
29 Nov 2010Sold by developerReady
AED 3,800,000AED 1,811 per sqft

Source: Dubai Land Department. Updated 18 June 2012.

Key facts

Type
3-bed apartment
Size
2,098 sqft
Floor
12th of 38
Parking
P2 - 2286, P2 - 2287
Developer
Emaar
Completed
2008
Service charge
AED 41,600 /yr
Last sold
AED 2.95M · June 2012
Building
Paloma 3

About 1202, Paloma 3

1202 is a three-bedroom apartment of 2,098 sqft on the 12th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 18 June 2012 for AED 2,950,000, or AED 1,406 per sqft, in line with the AED 1,377 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1202 over time

Sales
Unit 1202, 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, November 2010: AED 3,800,000 (AED 1,811 per sqft)Sold, June 2012: AED 2,950,000 (AED 1,406 per sqft)

1202 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1202, 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 240,000

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 1202 sits

All 38 3-beds →

1202 last sold in June 2012 at AED 1,406 per sqft, in line with what three-beds in Paloma 3 were fetching at the time (AED 1,377). 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.

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 12th floor

All 181 units in Paloma 3
Value
12012-bedAED 1.44M · Aug 2010
12032-bedAED 1.87M · Aug 2010
12041-bedAED 833K · Aug 2010
12051-bedAED 1.06M · Jun 2009

1202, Paloma 3 in numbers

  • Sold twice: first on 29 November 2010 for AED 3,800,000, last on 18 June 2012 for AED 2,950,000 (AED 1,406 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 18 June 2012.

Questions about 1202, Paloma 3

What did unit 1202 last sell for?

AED 2,950,000 on 18 June 2012: AED 1,406 per sqft for 2,098 sqft. The unit has 2 registered sales; the first was AED 3,800,000 in November 2010.

How big is unit 1202?

2,098 sqft (194.9 sqm): a three-bedroom apartment on the 12th floor of a 38-storey tower completed in 2008.

What is unit 1202 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 1202, Paloma 3

Starts from the last sale price (AED 2.95M, 18 June 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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