3-bed · 2,095 sqftPaloma 3, Dubai Marina · 2nd floor · completed 2008

202, Paloma 3

Sold prices and rental history: sold 3 times, last in June 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 15 June 2021
Last soldAED 2.9M15 June 2021
Current rentAED 150K /yr9 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 202, Paloma 3

What is 202 worth today?

Last sold for AED 2,900,000 in 2021

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15 Jun 2021SoldReady
AED 2,900,000AED 1,384 per sqft
9 Jul 2020RentedNew contract
AED 150,000/yr12 months · AED 71 per sqft
24 Jun 2019RentedRenewal
AED 190,000/yr12 months · AED 91 per sqft
24 Jun 2018RentedNew contract
AED 190,000/yr12 months · AED 91 per sqft
10 Feb 2015RentedNew contract
AED 227,000/yr12 months · AED 108 per sqft
21 May 2009Sold by developerReady
AED 2,307,888AED 1,101 per sqft
21 May 2009SoldReady
AED 2,750,000AED 1,312 per sqft

Source: Dubai Land Department. Updated 15 June 2021.

Key facts

Type
3-bed apartment
Size
2,095 sqft
Floor
2nd of 38
Parking
P2 - 2257, P2- 2258
Developer
Emaar
Completed
2008
Service charge
AED 41,500 /yr
Last sold
AED 2.9M · June 2021
Building
Paloma 3

About 202, Paloma 3

202 is a three-bedroom apartment of 2,095 sqft on the 2nd floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 15 June 2021 for AED 2,900,000, or AED 1,384 per sqft, in line with the AED 1,376 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 9 July 2020, is AED 150,000 a year: a gross yield of 5.2% on the 2021 price, before the service charge of about AED 41,500 a year.

Sales and rents for 202 over time

Sales
Unit 202, each saleTypical three-bed in Paloma 3
2M4M20092013201720212025Typical sale price by year: 2009 AED 2,450,000; 2010 AED 2,323,888; 2011 AED 2,407,944; 2012 AED 2,900,000; 2013 AED 3,500,000; 2014 AED 4,600,000; 2015 AED 2,306,552; 2021 AED 2,900,000; 2022 AED 3,775,000; 2023 AED 3,900,000; 2024 AED 4,150,000Sold by developer, May 2009: AED 2,307,888 (AED 1,101 per sqft)Sold, May 2009: AED 2,750,000 (AED 1,312 per sqft)Sold, June 2021: AED 2,900,000 (AED 1,384 per sqft)

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

Rents
Unit 202, each contractTypical three-bed in Paloma 3
150K200K250K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 220,000; 2014 AED 250,000; 2015 AED 230,000; 2016 AED 235,000; 2017 AED 230,000; 2018 AED 207,500; 2019 AED 190,000; 2020 AED 176,000; 2021 AED 165,313; 2022 AED 185,000; 2023 AED 220,000; 2024 AED 220,000; 2025 AED 240,000; 2026 AED 240,000New contract, February 2015: AED 227,000 a yearNew contract, June 2018: AED 190,000 a yearRenewal, June 2019: AED 190,000 a yearNew contract, July 2020: AED 150,000 a year

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 202 sits

All 38 3-beds →

202 last sold in June 2021 at AED 1,384 per sqft, in line with what three-beds in Paloma 3 were fetching at the time (AED 1,376). 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. 202's AED 150,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Dec 20254,999,999
15 Apr 20255,500,000
6 Sep 20245,500,000
2 Jul 20241,850,000
1 3-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 2nd floor

All 181 units in Paloma 3
Value
2012-bedAED 2.7M · Oct 2016
2032-bedNo registered sale
2042-bedAED 2.8M · Jan 2023

202, Paloma 3 in numbers

  • Sold 3 times: first on 21 May 2009 for AED 2,750,000, last on 15 June 2021 for AED 2,900,000 (AED 1,384 per sqft).
  • Rented since February 2015 on 4 Ejari contracts, from AED 227,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2021 price is 5.2%, before a service charge of about AED 41,500 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 15 June 2021.

Questions about 202, Paloma 3

What did unit 202 last sell for?

AED 2,900,000 on 15 June 2021: AED 1,384 per sqft for 2,095 sqft. The unit has 3 registered sales; the first was AED 2,750,000 in May 2009.

What is the rent for unit 202?

AED 150,000 a year on the contract signed on 9 July 2020. The previous contract, from June 2019, was AED 190,000; the unit has been rented since February 2015.

How big is unit 202?

2,095 sqft (194.6 sqm): a three-bedroom apartment on the 2nd floor of a 38-storey tower completed in 2008.

What is unit 202 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 202, Paloma 3

Starts from the last sale price (AED 2.9M, 15 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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