1-bed · 1,036 sqftPaloma 3, Dubai Marina · 22nd floor · completed 2008

2205, Paloma 3

Sold prices and rental history: sold 5 times, last in January 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2205 · DLD and Ejari recordsUpdated 24 January 2024
Last soldAED 1.88M24 January 2024
Current rentAED 99K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2205, Paloma 3

What is 2205 worth today?

Last sold for AED 1,880,000 in 2024

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24 Jan 2024SoldReady
AED 1,880,000AED 1,814 per sqft
1 Jul 2022RentedNew contract
AED 99,000/yr12 months · AED 96 per sqft
17 Aug 2021SoldReady
AED 1,500,000AED 1,447 per sqft
1 Jul 2020RentedNew contract
AED 85,000/yr12 months · AED 82 per sqft
30 Oct 2012SoldReady
AED 1,360,000AED 1,312 per sqft
14 Mar 2010Sold by developerReady
AED 1,836,000AED 1,772 per sqft
14 Mar 2010SoldReady
AED 1,300,000AED 1,254 per sqft

Source: Dubai Land Department. Updated 24 January 2024.

Key facts

Type
1-bed apartment
Size
1,036 sqft
Floor
22nd of 38
Parking
P2 - 2247
Developer
Emaar
Completed
2008
Service charge
AED 20,500 /yr
Last sold
AED 1.88M · January 2024
Building
Paloma 3

About 2205, Paloma 3

2205 is a one-bedroom apartment of 1,036 sqft on the 22nd floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 24 January 2024 for AED 1,880,000, or AED 1,814 per sqft, in line with the AED 1,814 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 July 2022, is AED 99,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 20,500 a year.

Sales and rents for 2205 over time

Sales
Unit 2205, 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, March 2010: AED 1,836,000 (AED 1,772 per sqft)Sold, March 2010: AED 1,300,000 (AED 1,254 per sqft)Sold, October 2012: AED 1,360,000 (AED 1,312 per sqft)Sold, August 2021: AED 1,500,000 (AED 1,447 per sqft)Sold, January 2024: AED 1,880,000 (AED 1,814 per sqft)

2205 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2205, 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, July 2020: AED 85,000 a yearNew contract, July 2022: AED 99,000 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 2205 sits

All 67 1-beds →

2205 last sold in January 2024 at AED 1,814 per sqft, in line with what one-beds in Paloma 3 were fetching at the time (AED 1,814). 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. 2205's AED 99,000 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
22041-bedAED 1.65M · Jun 2022

2205, Paloma 3 in numbers

  • Sold 5 times: first on 14 March 2010 for AED 1,300,000, last on 24 January 2024 for AED 1,880,000 (AED 1,814 per sqft).
  • Rented since July 2020 on 2 Ejari contracts, from AED 85,000 to AED 99,000 a year.
  • At AED 99,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 20,500 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 24 January 2024.

Questions about 2205, Paloma 3

What did unit 2205 last sell for?

AED 1,880,000 on 24 January 2024: AED 1,814 per sqft for 1,036 sqft. The unit has 5 registered sales; the first was AED 1,300,000 in March 2010.

What is the rent for unit 2205?

AED 99,000 a year on the contract signed on 1 July 2022. The previous contract, from July 2020, was AED 85,000.

How big is unit 2205?

1,036 sqft (96.2 sqm): a one-bedroom apartment on the 22nd floor of a 38-storey tower completed in 2008.

What is unit 2205 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 2205, Paloma 3

Starts from the last sale price (AED 1.88M, 24 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,880,000
Deposit, UAE resident (20%)
AED 376,000
Deposit, non-resident (40%)
AED 752,000
Monthly over 25 years at 3.7%
AED 7,692

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