1603, Paloma 3
Sold prices and rental history: sold twice, last in January 2024, and rented once, from March 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Paloma 3
What is 1603 worth today?
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Source: Dubai Land Department. Updated 15 March 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,664 sqft
- Floor
- 16th of 38
- Parking
- P1 - 1176
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 33,000 /yr
- Last sold
- AED 4.35M · January 2024
- Building
- Paloma 3
About 1603, Paloma 3
1603 is a two-bedroom apartment of 1,664 sqft on the 16th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 18 January 2024 for AED 4,350,000, or AED 2,614 per sqft, 18% above the AED 2,223 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 March 2026. The current contract, signed on 15 March 2026, is AED 90,000 a year: a gross yield of 2.1% on the 2024 price, before the service charge of about AED 33,000 a year.
Sales and rents for 1603 over time
1603 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1603 sits
All 74 2-beds →1603 last sold in January 2024 at AED 2,614 per sqft, 18% above what two-beds in Paloma 3 were fetching at the time (AED 2,223). 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. 1603's AED 90,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 1,443 sqft | 13,934 | 9 | ||
| 14 Jul 202614 July 2026 | 1,664 sqft | 3,800,000 | 2,283 | ||
| 2 Jul 20262 July 2026 | 1,443 sqft | 3,700,000 | 2,564 | ||
| 2 Apr 20262 April 2026 | 1,627 sqft | 3,700,000 | 2,274 |
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 31603, Paloma 3 in numbers
- Sold twice: first on 24 July 2023 for AED 2,750,000, last on 18 January 2024 for AED 4,350,000 (AED 2,614 per sqft).
- Rented since March 2026 on one Ejari contract, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2024 price is 2.1%, before a service charge of about AED 33,000 a year (AED 19.81 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 15 March 2026.
Questions about 1603, Paloma 3
What did unit 1603 last sell for?
AED 4,350,000 on 18 January 2024: AED 2,614 per sqft for 1,664 sqft. The unit has 2 registered sales; the first was AED 2,750,000 in July 2023.
What is the rent for unit 1603?
AED 90,000 a year on the contract signed on 15 March 2026.
How big is unit 1603?
1,664 sqft (154.6 sqm): a two-bedroom apartment on the 16th floor of a 38-storey tower completed in 2008.
What is unit 1603 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 1603, Paloma 3
Starts from the last sale price (AED 4.35M, 18 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,350,000
- Deposit, UAE resident (20%)
- AED 870,000
- Deposit, non-resident (40%)
- AED 1,740,000
- Monthly over 25 years at 3.7%
- AED 17,797
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →