1-bed · 891 sqftPaloma 3, Dubai Marina · 15th floor · completed 2008

1504, Paloma 3

Sold prices and rental history: sold twice, last in April 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 25 February 2025
Last soldAED 2M9 April 2014
Current rentAED 105K /yr25 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1504, Paloma 3

What is 1504 worth today?

Last sold for AED 2,000,000 in 2014

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25 Feb 2025RentedRenewal
AED 105,000/yr12 months · AED 118 per sqft
25 Feb 2025RentedRenewal
AED 105,000/yr12 months · AED 118 per sqft
25 Feb 2024RentedRenewal
AED 105,000/yr12 months · AED 118 per sqft
25 Feb 2024RentedRenewal
AED 105,000/yr12 months · AED 118 per sqft
25 Feb 2023RentedRenewal
AED 88,000/yr12 months · AED 98 per sqft
25 Feb 2022RentedRenewal
AED 80,000/yr12 months · AED 90 per sqft
25 Feb 2021RentedNew contract
AED 80,000/yr12 months · AED 90 per sqft
8 Nov 2019RentedRenewal
AED 111,000/yr12 months · AED 124 per sqft

Source: Dubai Land Department. Updated 25 February 2025.

Key facts

Type
1-bed apartment
Size
891 sqft
Floor
15th of 38
Parking
P1 - 1199
Developer
Emaar
Completed
2008
Service charge
AED 17,700 /yr
Last sold
AED 2M · April 2014
Building
Paloma 3

About 1504, Paloma 3

1504 is a one-bedroom apartment of 891 sqft on the 15th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 9 April 2014 for AED 2,000,000, or AED 2,244 per sqft, 43% above the AED 1,571 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 14 Ejari contracts. The current contract, renewed on 25 February 2025, is AED 105,000 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 17,700 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, 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, June 2009: AED 850,888 (AED 954 per sqft)Sold, April 2014: AED 2,000,000 (AED 2,244 per sqft)

1504 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1504, each contractTypical one-bed in Paloma 3
75K100K125K2012201620202024Typical 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, April 2013: AED 90,000 a yearNew contract, July 2013: AED 110,000 a yearNew contract, July 2015: AED 120,000 a yearNew contract, September 2016: AED 125,000 a yearNew contract, November 2017: AED 117,000 a yearRenewal, November 2018: AED 117,000 a yearRenewal, November 2019: AED 111,000 a yearNew contract, February 2021: AED 80,000 a yearRenewal, February 2022: AED 80,000 a yearRenewal, February 2023: AED 88,000 a yearRenewal, February 2024: AED 105,000 a yearRenewal, February 2024: AED 105,000 a yearRenewal, February 2025: AED 105,000 a yearRenewal, February 2025: AED 105,000 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 1504 sits

All 67 1-beds →

1504 last sold in April 2014 at AED 2,244 per sqft, 43% above what one-beds in Paloma 3 were fetching at the time (AED 1,571). 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. 1504's AED 105,000 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 15th floor

All 181 units in Paloma 3
Value
15012-bedAED 3.08M · Mar 2014
15023-bedAED 2.24M · Aug 2010
15032-bedAED 4.55M · Sep 2025
15051-bedAED 1.62M · Jan 2024

1504, Paloma 3 in numbers

  • Sold twice: first on 10 June 2009 for AED 850,888, last on 9 April 2014 for AED 2,000,000 (AED 2,244 per sqft).
  • Rented since April 2013 on 14 Ejari contracts. The rent fell from AED 90,000 to AED 80,000 in 2022 and recovered to AED 105,000 by February 2025.
  • At AED 105,000 a year the gross yield on the 2014 price is 5.3%, 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 25 February 2025.

Questions about 1504, Paloma 3

What did unit 1504 last sell for?

AED 2,000,000 on 9 April 2014: AED 2,244 per sqft for 891 sqft. The unit has 2 registered sales; the first was AED 850,888 in June 2009.

What is the rent for unit 1504?

AED 105,000 a year on the contract renewed on 25 February 2025. The previous contract, from February 2025, was AED 105,000; the unit has been rented since April 2013.

How big is unit 1504?

891 sqft (82.8 sqm): a one-bedroom apartment on the 15th floor of a 38-storey tower completed in 2008.

What is unit 1504 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 1504, Paloma 3

Starts from the last sale price (AED 2M, 9 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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