2-bed · 1,664 sqftPaloma 3, Dubai Marina · 24th floor · completed 2008

2403, Paloma 3

Sold prices and rental history: sold 6 times, last in December 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 6 December 2023
Last soldAED 4M6 December 2023
Current rentAED 150K /yr16 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, Paloma 3

What is 2403 worth today?

Last sold for AED 3,999,999 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

6 Dec 2023SoldReady
AED 3,999,999AED 2,403 per sqft
6 Jun 2023SoldReady
AED 3,300,000AED 1,983 per sqft
28 Apr 2022SoldReady
AED 3,200,000AED 1,923 per sqft
14 Apr 2020SoldReady
AED 2,000,000AED 1,201 per sqft
16 Mar 2020RentedRenewal
AED 150,000/yr12 months · AED 90 per sqft
16 Mar 2019RentedRenewal
AED 180,000/yr12 months · AED 108 per sqft
25 Nov 2017RentedNew contract
AED 230,000/yr12 months · AED 138 per sqft
1 Nov 2016RentedNew contract
AED 210,000/yr12 months · AED 126 per sqft

Source: Dubai Land Department. Updated 6 December 2023.

Key facts

Type
2-bed apartment
Size
1,664 sqft
Floor
24th of 38
Parking
P1 - 1257
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 4M · December 2023
Building
Paloma 3

About 2403, Paloma 3

2403 is a two-bedroom apartment of 1,664 sqft on the 24th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 6 December 2023 for AED 3,999,999, or AED 2,403 per sqft, 20% above the AED 1,998 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 16 March 2020, is AED 150,000 a year: a gross yield of 3.8% on the 2023 price, before the service charge of about AED 33,000 a year.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical two-bed in Paloma 3
2M4M2009201420192024Typical 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, December 2009: AED 944,241 (AED 567 per sqft)Sold, February 2011: AED 1,860,000 (AED 1,117 per sqft)Sold, April 2020: AED 2,000,000 (AED 1,201 per sqft)Sold, April 2022: AED 3,200,000 (AED 1,923 per sqft)Sold, June 2023: AED 3,300,000 (AED 1,983 per sqft)Sold, December 2023: AED 3,999,999 (AED 2,403 per sqft)

2403 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2403, each contractTypical two-bed in Paloma 3
150K200K2012201620202024Typical 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, February 2013: AED 200,000 a yearNew contract, February 2014: AED 200,000 a yearRenewal, February 2015: AED 200,000 a yearNew contract, October 2015: AED 210,000 a yearNew contract, November 2016: AED 210,000 a yearNew contract, November 2017: AED 230,000 a yearRenewal, March 2019: AED 180,000 a yearRenewal, March 2020: AED 150,000 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 2403 sits

All 74 2-beds →

2403 last sold in December 2023 at AED 2,403 per sqft, 20% above what two-beds in Paloma 3 were fetching at the time (AED 1,998). 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. 2403's AED 150,000 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 24th floor

All 181 units in Paloma 3
Value
24012-bedAED 2.55M · Oct 2016
24023-bedAED 3M · Aug 2021
24041-bedAED 2.3M · May 2010

2403, Paloma 3 in numbers

  • Sold 6 times: first on 14 December 2009 for AED 944,241, last on 6 December 2023 for AED 3,999,999 (AED 2,403 per sqft).
  • Rented since February 2013 on 8 Ejari contracts, from AED 200,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 3.8%, 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 6 December 2023.

Questions about 2403, Paloma 3

What did unit 2403 last sell for?

AED 3,999,999 on 6 December 2023: AED 2,403 per sqft for 1,664 sqft. The unit has 6 registered sales; the first was AED 944,241 in December 2009.

What is the rent for unit 2403?

AED 150,000 a year on the contract renewed on 16 March 2020. The previous contract, from March 2019, was AED 180,000; the unit has been rented since February 2013.

How big is unit 2403?

1,664 sqft (154.6 sqm): a two-bedroom apartment on the 24th floor of a 38-storey tower completed in 2008.

What is unit 2403 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.

Selling 2403? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2403, Paloma 3

Starts from the last sale price (AED 4M, 6 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,999,999
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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