1-bed · 1,036 sqftPaloma 3, Dubai Marina · 27th floor · completed 2008

2705, Paloma 3

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2705 · DLD and Ejari recordsUpdated 25 November 2022
Last soldAED 930K16 August 2010
Current rentAED 95K /yr25 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2705, Paloma 3

What is 2705 worth today?

Last sold for AED 929,888 in 2010

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25 Nov 2022RentedRenewal
AED 95,000/yr12 months · AED 92 per sqft
25 Nov 2021RentedNew contract
AED 95,000/yr12 months · AED 92 per sqft
20 Jul 2020RentedNew contract
AED 70,000/yr12 months · AED 68 per sqft
5 Nov 2018RentedNew contract
AED 95,000/yr12 months · AED 92 per sqft
7 Aug 2018RentedRenewal
AED 93,563/yr2 months · AED 91 per sqft
7 Aug 2017RentedRenewal
AED 105,000/yr12 months · AED 102 per sqft
7 Aug 2016RentedRenewal
AED 105,000/yr12 months · AED 102 per sqft
7 Aug 2015RentedNew contract
AED 110,000/yr12 months · AED 106 per sqft

Source: Dubai Land Department. Updated 25 November 2022.

Key facts

Type
1-bed apartment
Size
1,036 sqft
Floor
27th of 38
Parking
P4 - 4188
Developer
Emaar
Completed
2008
Service charge
AED 20,500 /yr
Last sold
AED 930K · August 2010
Building
Paloma 3

About 2705, Paloma 3

2705 is a one-bedroom apartment of 1,036 sqft on the 27th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 16 August 2010 for AED 929,888, or AED 897 per sqft, 10% below the AED 994 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 25 November 2022, is AED 95,000 a year: a gross yield of 10.2% on the 2010 price, before the service charge of about AED 20,500 a year.

Sales and rents for 2705 over time

Sales
Unit 2705, 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, August 2010: AED 929,888 (AED 897 per sqft)

2705 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2705, each contractTypical one-bed in Paloma 3
75K100K125K2012201620202024Typical 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, September 2012: AED 100,000 a yearNew contract, September 2013: AED 100,000 a yearNew contract, August 2014: AED 110,000 a yearNew contract, August 2015: AED 110,000 a yearRenewal, August 2016: AED 105,000 a yearRenewal, August 2017: AED 105,000 a yearRenewal, August 2018: AED 93,563 a yearNew contract, November 2018: AED 95,000 a yearNew contract, July 2020: AED 70,000 a yearNew contract, November 2021: AED 95,000 a yearRenewal, November 2022: AED 95,000 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 2705 sits

All 67 1-beds →

2705 last sold in August 2010 at AED 897 per sqft, 10% below what one-beds in Paloma 3 were fetching at the time (AED 994). 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. 2705's AED 95,000 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 27th floor

All 181 units in Paloma 3
Value
27012-bedAED 2.03M · Jul 2021
27023-bedAED 3.9M · Apr 2023
27032-bedAED 1.7M · Jul 2010
27041-bedAED 923K · Dec 2009

2705, Paloma 3 in numbers

  • Sold once: by Emaar on 16 August 2010 for AED 929,888, or AED 897 per sqft.
  • Rented since September 2012 on 11 Ejari contracts. The rent fell from AED 100,000 to AED 70,000 in 2020 and recovered to AED 95,000 by November 2022.
  • At AED 95,000 a year the gross yield on the 2010 price is 10.2%, 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 25 November 2022.

Questions about 2705, Paloma 3

What did unit 2705 last sell for?

AED 929,888 on 16 August 2010, sold by the developer: AED 897 per sqft for 1,036 sqft. It is the only registered sale of the unit.

What is the rent for unit 2705?

AED 95,000 a year on the contract renewed on 25 November 2022. The previous contract, from November 2021, was AED 95,000; the unit has been rented since September 2012.

How big is unit 2705?

1,036 sqft (96.2 sqm): a one-bedroom apartment on the 27th floor of a 38-storey tower completed in 2008.

What is unit 2705 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 2705, Paloma 3

Starts from the last sale price (AED 930K, 16 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 929,888
Deposit, UAE resident (20%)
AED 185,978
Deposit, non-resident (40%)
AED 371,955
Monthly over 25 years at 3.7%
AED 3,804

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