3-bed · 2,098 sqftPaloma 3, Dubai Marina · 26th floor · completed 2008

2602, Paloma 3

Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2602 · DLD and Ejari recordsUpdated 17 January 2024
Last soldAED 4.2M17 January 2024
Current rentAED 155K /yr25 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2602, Paloma 3

What is 2602 worth today?

Last sold for AED 4,200,000 in 2024

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17 Jan 2024SoldReady
AED 4,200,000AED 2,001 per sqft
25 Mar 2023RentedRenewal
AED 155,000/yr12 months · AED 74 per sqft
25 Mar 2022RentedRenewal
AED 155,000/yr12 months · AED 74 per sqft
25 Mar 2021RentedNew contract
AED 150,000/yr12 months · AED 71 per sqft
1 Apr 2020RentedRenewal
AED 180,000/yr14 months · AED 86 per sqft
1 Apr 2019RentedRenewal
AED 190,000/yr12 months · AED 91 per sqft
12 Oct 2015RentedNew contract
AED 210,000/yr12 months · AED 100 per sqft
2 Feb 2015Sold by developerReady
AED 2,306,552AED 1,099 per sqft

Source: Dubai Land Department. Updated 17 January 2024.

Key facts

Type
3-bed apartment
Size
2,098 sqft
Floor
26th of 38
Parking
P4 - 4210, P4 - 4211
Developer
Emaar
Completed
2008
Service charge
AED 41,600 /yr
Last sold
AED 4.2M · January 2024
Building
Paloma 3

About 2602, Paloma 3

2602 is a three-bedroom apartment of 2,098 sqft on the 26th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 17 January 2024 for AED 4,200,000, or AED 2,001 per sqft, 6% above the AED 1,882 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 25 March 2023, is AED 155,000 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 41,600 a year.

Sales and rents for 2602 over time

Sales
Unit 2602, 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, February 2015: AED 2,306,552 (AED 1,099 per sqft)Sold, January 2024: AED 4,200,000 (AED 2,001 per sqft)

2602 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2602, 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, October 2014: AED 210,000 a yearNew contract, October 2015: AED 210,000 a yearRenewal, April 2019: AED 190,000 a yearRenewal, April 2020: AED 180,000 a yearNew contract, March 2021: AED 150,000 a yearRenewal, March 2022: AED 155,000 a yearRenewal, March 2023: AED 155,000 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 2602 sits

All 38 3-beds →

2602 last sold in January 2024 at AED 2,001 per sqft, 6% above what three-beds in Paloma 3 were fetching at the time (AED 1,882). 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. 2602's AED 155,000 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 26th floor

All 181 units in Paloma 3
Value
26012-bedAED 3.7M · Jul 2026
26032-bedAED 3.8M · Oct 2024
26041-bedAED 700K · Feb 2019
26051-bedAED 1.3M · May 2020

2602, Paloma 3 in numbers

  • Sold twice: first on 2 February 2015 for AED 2,306,552, last on 17 January 2024 for AED 4,200,000 (AED 2,001 per sqft).
  • Rented since October 2014 on 7 Ejari contracts, from AED 210,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2024 price is 3.7%, 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 17 January 2024.

Questions about 2602, Paloma 3

What did unit 2602 last sell for?

AED 4,200,000 on 17 January 2024: AED 2,001 per sqft for 2,098 sqft. The unit has 2 registered sales; the first was AED 2,306,552 in February 2015.

What is the rent for unit 2602?

AED 155,000 a year on the contract renewed on 25 March 2023. The previous contract, from March 2022, was AED 155,000; the unit has been rented since October 2014.

How big is unit 2602?

2,098 sqft (194.9 sqm): a three-bedroom apartment on the 26th floor of a 38-storey tower completed in 2008.

What is unit 2602 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 2602, Paloma 3

Starts from the last sale price (AED 4.2M, 17 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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