2402, Paloma 3
Sold prices and rental history: sold 3 times, last in August 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2402, Paloma 3
What is 2402 worth today?
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Source: Dubai Land Department. Updated 29 August 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 2,098 sqft
- Floor
- 24th of 38
- Parking
- P4 - 4204, P4 - 4205
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 41,600 /yr
- Last sold
- AED 3M · August 2021
- Building
- Paloma 3
About 2402, Paloma 3
2402 is a three-bedroom apartment of 2,098 sqft on the 24th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 29 August 2021 for AED 3,000,000, or AED 1,429 per sqft, 3% above the AED 1,384 three-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 7 July 2020, is AED 180,000 a year: a gross yield of 6.0% on the 2021 price, before the service charge of about AED 41,600 a year.
Sales and rents for 2402 over time
2402 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 2402 sits
All 38 3-beds →2402 last sold in August 2021 at AED 1,429 per sqft, 3% above what three-beds in Paloma 3 were fetching at the time (AED 1,384). 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. 2402's AED 180,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Dec 202526 December 2025 | 2,098 sqft | 4,999,999 | 2,383 | ||
| 15 Apr 202515 April 2025 | 2,098 sqft | 5,500,000 | 2,621 | ||
| 6 Sep 20246 September 2024 | 2,098 sqft | 5,500,000 | 2,621 | ||
| 2 Jul 20242 July 2024 | 1,049 sqft | 1,850,000 | 1,763 |
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 24th floor
All 181 units in Paloma 32402, Paloma 3 in numbers
- Sold 3 times: first on 24 February 2011 for AED 2,450,000, last on 29 August 2021 for AED 3,000,000 (AED 1,429 per sqft).
- Rented since January 2016 on 5 Ejari contracts, from AED 255,000 to AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2021 price is 6.0%, before a service charge of about AED 41,600 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 29 August 2021.
Questions about 2402, Paloma 3
What did unit 2402 last sell for?
AED 3,000,000 on 29 August 2021: AED 1,429 per sqft for 2,098 sqft. The unit has 3 registered sales; the first was AED 2,450,000 in February 2011.
What is the rent for unit 2402?
AED 180,000 a year on the contract renewed on 7 July 2020. The previous contract, from July 2019, was AED 195,000; the unit has been rented since January 2016.
How big is unit 2402?
2,098 sqft (194.9 sqm): a three-bedroom apartment on the 24th floor of a 38-storey tower completed in 2008.
What is unit 2402 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 2402, Paloma 3
Starts from the last sale price (AED 3M, 29 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →