2-bed · 1,664 sqftPaloma 3, Dubai Marina · 26th floor · completed 2008

2603, Paloma 3

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

Unit 2603 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 3.8M10 October 2024
Current rentAED 140K /yr5 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2603, Paloma 3

What is 2603 worth today?

Last sold for AED 3,800,000 in 2024

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10 Oct 2024SoldReady
AED 3,800,000AED 2,283 per sqft
5 Oct 2023RentedRenewal
AED 140,000/yr12 months · AED 84 per sqft
5 Oct 2022RentedRenewal
AED 140,000/yr12 months · AED 84 per sqft
5 Oct 2021RentedNew contract
AED 140,000/yr12 months · AED 84 per sqft
1 May 2021RentedNew contract
AED 145,000/yr6 months · AED 87 per sqft
16 Apr 2020RentedNew contract
AED 145,000/yr12 months · AED 87 per sqft
16 Mar 2019RentedRenewal
AED 160,000/yr12 months · AED 96 per sqft
16 Mar 2017RentedNew contract
AED 160,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
2-bed apartment
Size
1,664 sqft
Floor
26th of 38
Parking
P1 - 1260
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 3.8M · October 2024
Building
Paloma 3

About 2603, Paloma 3

2603 is a two-bedroom apartment of 1,664 sqft on the 26th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 10 October 2024 for AED 3,800,000, or AED 2,283 per sqft, 3% above the AED 2,208 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 5 October 2023, is AED 140,000 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 33,000 a year.

Sales and rents for 2603 over time

Sales
Unit 2603, 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, February 2015: AED 1,900,122 (AED 1,141 per sqft)Sold, October 2024: AED 3,800,000 (AED 2,283 per sqft)

2603 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2603, each contractTypical two-bed in Paloma 3
125K150K175K2012201620202024Typical 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, March 2014: AED 165,000 a yearNew contract, March 2016: AED 160,000 a yearNew contract, March 2017: AED 160,000 a yearRenewal, March 2019: AED 160,000 a yearNew contract, April 2020: AED 145,000 a yearNew contract, May 2021: AED 145,000 a yearNew contract, October 2021: AED 140,000 a yearRenewal, October 2022: AED 140,000 a yearRenewal, October 2023: AED 140,000 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 2603 sits

All 74 2-beds →

2603 last sold in October 2024 at AED 2,283 per sqft, 3% above what two-beds in Paloma 3 were fetching at the time (AED 2,208). 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. 2603's AED 140,000 is in the lower 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 26th floor

All 181 units in Paloma 3
Value
26012-bedAED 3.7M · Jul 2026
26023-bedAED 4.2M · Jan 2024
26041-bedAED 700K · Feb 2019
26051-bedAED 1.3M · May 2020

2603, Paloma 3 in numbers

  • Sold twice: first on 2 February 2015 for AED 1,900,122, last on 10 October 2024 for AED 3,800,000 (AED 2,283 per sqft).
  • Rented since March 2014 on 9 Ejari contracts, from AED 165,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2024 price is 3.7%, 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 10 October 2024.

Questions about 2603, Paloma 3

What did unit 2603 last sell for?

AED 3,800,000 on 10 October 2024: AED 2,283 per sqft for 1,664 sqft. The unit has 2 registered sales; the first was AED 1,900,122 in February 2015.

What is the rent for unit 2603?

AED 140,000 a year on the contract renewed on 5 October 2023. The previous contract, from October 2022, was AED 140,000; the unit has been rented since March 2014.

How big is unit 2603?

1,664 sqft (154.6 sqm): a two-bedroom apartment on the 26th floor of a 38-storey tower completed in 2008.

What is unit 2603 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.

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Mortgage on 2603, Paloma 3

Starts from the last sale price (AED 3.8M, 10 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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