1505, Paloma 3
Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, Paloma 3
What is 1505 worth today?
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Source: Dubai Land Department. Updated 5 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,036 sqft
- Floor
- 15th of 38
- Parking
- P1 - 1206
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 20,500 /yr
- Last sold
- AED 1.62M · January 2024
- Building
- Paloma 3
About 1505, Paloma 3
1505 is a one-bedroom apartment of 1,036 sqft on the 15th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 23 January 2024 for AED 1,620,000, or AED 1,563 per sqft, 18% below the AED 1,910 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 5 October 2024, is AED 81,093 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 20,500 a year.
Sales and rents for 1505 over time
1505 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1505 sits
All 67 1-beds →1505 last sold in January 2024 at AED 1,563 per sqft, 18% below what one-beds in Paloma 3 were fetching at the time (AED 1,910). 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. 1505's AED 81,093 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Mar 20266 March 2026 | 1,036 sqft | 2,150,000 | 2,075 | ||
| 12 Aug 202512 August 2025 | 891 sqft | 2,075,000 | 2,328 | ||
| 7 May 20257 May 2025 | 1,036 sqft | 1,970,000 | 1,901 | ||
| 8 Apr 20258 April 2025 | 891 sqft | 2,300,000 | 2,581 |
Paloma 3
Building181 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%
Other units on the 15th floor
All 181 units in Paloma 31505, Paloma 3 in numbers
- Sold twice: first on 5 October 2015 for AED 408,848, last on 23 January 2024 for AED 1,620,000 (AED 1,563 per sqft).
- Rented since March 2014 on 9 Ejari contracts. The rent fell from AED 120,000 to AED 68,000 in 2020 and recovered to AED 81,093 by October 2024.
- At AED 81,093 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 20,500 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 5 October 2024.
Questions about 1505, Paloma 3
What did unit 1505 last sell for?
AED 1,620,000 on 23 January 2024: AED 1,563 per sqft for 1,036 sqft. The unit has 2 registered sales; the first was AED 408,848 in October 2015.
What is the rent for unit 1505?
AED 81,093 a year on the contract renewed on 5 October 2024. The previous contract, from October 2024, was AED 81,093; the unit has been rented since March 2014.
How big is unit 1505?
1,036 sqft (96.2 sqm): a one-bedroom apartment on the 15th floor of a 38-storey tower completed in 2008.
What is unit 1505 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 1505, Paloma 3
Starts from the last sale price (AED 1.62M, 23 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,620,000
- Deposit, UAE resident (20%)
- AED 324,000
- Deposit, non-resident (40%)
- AED 648,000
- Monthly over 25 years at 3.7%
- AED 6,628
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →