1602, Paloma 3
Sold prices and rental history: sold 3 times, last in May 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Paloma 3
What is 1602 worth today?
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Source: Dubai Land Department. Updated 20 May 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 2,098 sqft
- Floor
- 16th of 38
- Parking
- P4 - 4142, P4 - 4143
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 41,600 /yr
- Last sold
- AED 3M · May 2021
- Building
- Paloma 3
About 1602, Paloma 3
1602 is a three-bedroom apartment of 2,098 sqft on the 16th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 20 May 2021 for AED 3,000,000, or AED 1,429 per sqft, 5% above the AED 1,367 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 13 February 2021, is AED 157,500 a year: a gross yield of 5.3% on the 2021 price, before the service charge of about AED 41,600 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 1602 sits
All 38 3-beds →1602 last sold in May 2021 at AED 1,429 per sqft, 5% above what three-beds in Paloma 3 were fetching at the time (AED 1,367). 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. 1602's AED 157,500 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Dec 202526 December 2025 | 2,098 sqft | 4,999,999 | 2,383 | ||
| 15 Apr 202515 April 2025 | 2,098 sqft | 5,500,000 | 2,621 | ||
| 6 Sep 20246 September 2024 | 2,098 sqft | 5,500,000 | 2,621 | ||
| 2 Jul 20242 July 2024 | 1,049 sqft | 1,850,000 | 1,763 |
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 16th floor
All 181 units in Paloma 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,443 sqft | AED 692KAED 692,444 · Jul 2010July 2010 | 150,000 /yr | |
| 1603 | 2-bed | 1,664 sqft | AED 4.35MAED 4,350,000 · Jan 2024January 2024 | 90,000 /yr | |
| 1604 | 1-bed | 891 sqft | AED 2.05MAED 2,050,000 · Jan 2025January 2025 | 95,000 /yr | |
| 1605 | 1-bed | 1,036 sqft | AED 900KAED 900,000 · May 2019May 2019 | 94,500 /yr |
1602, Paloma 3 in numbers
- Sold 3 times: first on 24 April 2012 for AED 4,105,988, last on 20 May 2021 for AED 3,000,000 (AED 1,429 per sqft).
- Rented since February 2019 on 3 Ejari contracts, from AED 190,000 to AED 157,500 a year.
- At AED 157,500 a year the gross yield on the 2021 price is 5.3%, before a service charge of about AED 41,600 a year (AED 19.81 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 20 May 2021.
Questions about 1602, Paloma 3
What did unit 1602 last sell for?
AED 3,000,000 on 20 May 2021: AED 1,429 per sqft for 2,098 sqft. The unit has 3 registered sales; the first was AED 4,105,988 in April 2012.
What is the rent for unit 1602?
AED 157,500 a year on the contract signed on 13 February 2021. The previous contract, from February 2020, was AED 188,000; the unit has been rented since February 2019.
How big is unit 1602?
2,098 sqft (194.9 sqm): a three-bedroom apartment on the 16th floor of a 38-storey tower completed in 2008.
What is unit 1602 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 1602, Paloma 3
Starts from the last sale price (AED 3M, 20 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →