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2-bed · 1,443 sqftPaloma 3, Dubai Marina · 15th floor · completed 2008

1501, Paloma 3

Sold prices and rental history: sold twice, last in March 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 17 March 2014
Last soldAED 3.08M17 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Paloma 3

What is 1501 worth today?

Last sold for AED 3,080,000 in 2014

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17 Mar 2014SoldReady
AED 3,080,000AED 2,134 per sqft
17 Aug 2010Sold by developerReady
AED 2,000,000AED 1,385 per sqft

Source: Dubai Land Department. Updated 17 March 2014.

Key facts

Type
2-bed apartment
Size
1,443 sqft
Floor
15th of 38
Parking
P3 - 3110
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 3.08M · March 2014
Building
Paloma 3

About 1501, Paloma 3

1501 is a two-bedroom apartment of 1,443 sqft on the 15th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 17 March 2014 for AED 3,080,000, or AED 2,134 per sqft, in line with the AED 2,133 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in Paloma 3
2M3M4M2009201420192024Typical 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 2,000,000 (AED 1,385 per sqft)Sold, March 2014: AED 3,080,000 (AED 2,134 per sqft)

1501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, 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 170,000

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 1501 sits

All 74 2-beds →

1501 last sold in March 2014 at AED 2,134 per sqft, in line with what two-beds in Paloma 3 were fetching at the time (AED 2,133). 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.

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 15th floor

All 181 units in Paloma 3
Value
15023-bedAED 2.24M · Aug 2010
15032-bedAED 4.55M · Sep 2025
15041-bedAED 2M · Apr 2014
15051-bedAED 1.62M · Jan 2024

1501, Paloma 3 in numbers

  • Sold twice: first on 17 August 2010 for AED 2,000,000, last on 17 March 2014 for AED 3,080,000 (AED 2,134 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 17 March 2014.

Questions about 1501, Paloma 3

What did unit 1501 last sell for?

AED 3,080,000 on 17 March 2014: AED 2,134 per sqft for 1,443 sqft. The unit has 2 registered sales; the first was AED 2,000,000 in August 2010.

How big is unit 1501?

1,443 sqft (134.1 sqm): a two-bedroom apartment on the 15th floor of a 38-storey tower completed in 2008.

What is unit 1501 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 1501, Paloma 3

Starts from the last sale price (AED 3.08M, 17 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,080,000
Deposit, UAE resident (20%)
AED 616,000
Deposit, non-resident (40%)
AED 1,232,000
Monthly over 25 years at 3.7%
AED 12,601

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