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2-bed · 1,664 sqftPaloma 3, Dubai Marina · 17th floor · completed 2008

1703, Paloma 3

Sold prices and rental history: sold 3 times, last in October 2018, and rented once, from April 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1703 · DLD and Ejari recordsUpdated 22 October 2018
Last soldAED 2.68M22 October 2018
Current rentAED 170K /yr1 April 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1703, Paloma 3

What is 1703 worth today?

Last sold for AED 2,680,000 in 2018

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22 Oct 2018SoldReady
AED 2,680,000AED 1,610 per sqft
1 Apr 2018RentedNew contract
AED 170,000/yr12 months · AED 102 per sqft
31 Oct 2012SoldReady
AED 2,725,000AED 1,637 per sqft
5 May 2010Sold by developerReady
AED 1,904,888AED 1,144 per sqft

Source: Dubai Land Department. Updated 22 October 2018.

Key facts

Type
2-bed apartment
Size
1,664 sqft
Floor
17th of 38
Parking
P1 - 1253
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 2.68M · October 2018
Building
Paloma 3

About 1703, Paloma 3

1703 is a two-bedroom apartment of 1,664 sqft on the 17th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 22 October 2018 for AED 2,680,000, or AED 1,610 per sqft.

One Ejari contract is registered, from 1 April 2018. The current contract, signed on 1 April 2018, is AED 170,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 33,000 a year.

Sales and rents for 1703 over time

Sales
Unit 1703, 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, May 2010: AED 1,904,888 (AED 1,144 per sqft)Sold, October 2012: AED 2,725,000 (AED 1,637 per sqft)Sold, October 2018: AED 2,680,000 (AED 1,610 per sqft)

1703 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1703, 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 170,000New contract, April 2018: AED 170,000 a year

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 1703 sits

All 74 2-beds →

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. 1703's AED 170,000 is in the upper half of that range.

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 17th floor

All 181 units in Paloma 3
Value
17012-bedAED 2.45M · Oct 2013
17023-bedAED 2.32M · Mar 2010
17041-bedAED 431K · May 2010
17051-bedAED 1.92M · Mar 2025

1703, Paloma 3 in numbers

  • Sold 3 times: first on 5 May 2010 for AED 1,904,888, last on 22 October 2018 for AED 2,680,000 (AED 1,610 per sqft).
  • Rented since April 2018 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2018 price is 6.3%, 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 22 October 2018.

Questions about 1703, Paloma 3

What did unit 1703 last sell for?

AED 2,680,000 on 22 October 2018: AED 1,610 per sqft for 1,664 sqft. The unit has 3 registered sales; the first was AED 1,904,888 in May 2010.

What is the rent for unit 1703?

AED 170,000 a year on the contract signed on 1 April 2018.

How big is unit 1703?

1,664 sqft (154.6 sqm): a two-bedroom apartment on the 17th floor of a 38-storey tower completed in 2008.

What is unit 1703 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 1703, Paloma 3

Starts from the last sale price (AED 2.68M, 22 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,680,000
Deposit, UAE resident (20%)
AED 536,000
Deposit, non-resident (40%)
AED 1,072,000
Monthly over 25 years at 3.7%
AED 10,965

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