1-bed · 891 sqftPaloma 3, Dubai Marina · 22nd floor · completed 2008

2204, Paloma 3

Sold prices and rental history: sold twice, last in June 2022, and rented once, from November 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2204 · DLD and Ejari recordsUpdated 30 June 2022
Last soldAED 1.65M30 June 2022
Current rentAED 90K /yr5 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2204, Paloma 3

What is 2204 worth today?

Last sold for AED 1,650,000 in 2022

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30 Jun 2022SoldReady
AED 1,650,000AED 1,851 per sqft
5 Nov 2021RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
4 Aug 2010Sold by developerReady
AED 446,444AED 501 per sqft

Source: Dubai Land Department. Updated 30 June 2022.

Key facts

Type
1-bed apartment
Size
891 sqft
Floor
22nd of 38
Parking
P2 - 2244
Developer
Emaar
Completed
2008
Service charge
AED 17,700 /yr
Last sold
AED 1.65M · June 2022
Building
Paloma 3

About 2204, Paloma 3

2204 is a one-bedroom apartment of 891 sqft on the 22nd floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 30 June 2022 for AED 1,650,000, or AED 1,851 per sqft, 17% above the AED 1,588 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 November 2021. The current contract, signed on 5 November 2021, is AED 90,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 17,700 a year.

Sales and rents for 2204 over time

Sales
Unit 2204, each saleTypical one-bed in Paloma 3
1M2M2009201420192024Typical sale price by year: 2009 AED 909,013; 2010 AED 912,888; 2011 AED 1,133,000; 2012 AED 1,000,000; 2013 AED 1,325,000; 2014 AED 1,950,000; 2015 AED 1,675,000; 2017 AED 1,640,000; 2019 AED 950,000; 2020 AED 700,000; 2021 AED 1,400,000; 2022 AED 1,575,000; 2023 AED 1,865,000; 2024 AED 1,940,000; 2025 AED 2,050,000Sold by developer, August 2010: AED 446,444 (AED 501 per sqft)Sold, June 2022: AED 1,650,000 (AED 1,851 per sqft)

2204 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2204, each contractTypical one-bed in Paloma 3
80K100K120K2012201620202024Typical rent by year: 2012 AED 97,500; 2013 AED 107,000; 2014 AED 117,750; 2015 AED 122,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 109,500; 2019 AED 96,500; 2020 AED 85,000; 2021 AED 84,500; 2022 AED 88,125; 2023 AED 95,000; 2024 AED 111,000; 2025 AED 110,000; 2026 AED 105,000New contract, November 2021: AED 90,000 a year

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 2204 sits

All 67 1-beds →

2204 last sold in June 2022 at AED 1,851 per sqft, 17% above what one-beds in Paloma 3 were fetching at the time (AED 1,588). 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. 2204's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Mar 20262,150,000
12 Aug 20252,075,000
7 May 20251,970,000
8 Apr 20252,300,000
1 1-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 22nd floor

All 181 units in Paloma 3
Value
22012-bedAED 1.8M · Aug 2019
22023-bedAED 1.85M · Jul 2024
22032-bedAED 3.8M · Jul 2026
22051-bedAED 1.88M · Jan 2024

2204, Paloma 3 in numbers

  • Sold twice: first on 4 August 2010 for AED 446,444, last on 30 June 2022 for AED 1,650,000 (AED 1,851 per sqft).
  • Rented since November 2021 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 17,700 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 30 June 2022.

Questions about 2204, Paloma 3

What did unit 2204 last sell for?

AED 1,650,000 on 30 June 2022: AED 1,851 per sqft for 891 sqft. The unit has 2 registered sales; the first was AED 446,444 in August 2010.

What is the rent for unit 2204?

AED 90,000 a year on the contract signed on 5 November 2021.

How big is unit 2204?

891 sqft (82.8 sqm): a one-bedroom apartment on the 22nd floor of a 38-storey tower completed in 2008.

What is unit 2204 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 2204, Paloma 3

Starts from the last sale price (AED 1.65M, 30 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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