2903, Paloma 3
Sold prices and rental history: sold 4 times, last in May 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2903, Paloma 3
What is 2903 worth today?
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Source: Dubai Land Department. Updated 17 May 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,664 sqft
- Floor
- 29th of 38
- Parking
- P1 - 1182
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 33,000 /yr
- Last sold
- AED 3M · May 2022
- Building
- Paloma 3
About 2903, Paloma 3
2903 is a two-bedroom apartment of 1,664 sqft on the 29th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 17 May 2022 for AED 3,000,000, or AED 1,802 per sqft, 13% above the AED 1,592 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 31 March 2021, is AED 130,000 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 33,000 a year.
Sales and rents for 2903 over time
2903 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 2903 sits
All 74 2-beds →2903 last sold in May 2022 at AED 1,802 per sqft, 13% above what two-beds in Paloma 3 were fetching at the time (AED 1,592). 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. 2903's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 1,443 sqft | 13,934 | 9 | ||
| 14 Jul 202614 July 2026 | 1,664 sqft | 3,800,000 | 2,283 | ||
| 2 Jul 20262 July 2026 | 1,443 sqft | 3,700,000 | 2,564 | ||
| 2 Apr 20262 April 2026 | 1,627 sqft | 3,700,000 | 2,274 |
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 29th floor
All 181 units in Paloma 32903, Paloma 3 in numbers
- Sold 4 times: first on 20 July 2011 for AED 2,100,888, last on 17 May 2022 for AED 3,000,000 (AED 1,802 per sqft).
- Rented since March 2017 on 4 Ejari contracts, from AED 200,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2022 price is 4.3%, 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 17 May 2022.
Questions about 2903, Paloma 3
What did unit 2903 last sell for?
AED 3,000,000 on 17 May 2022: AED 1,802 per sqft for 1,664 sqft. The unit has 4 registered sales; the first was AED 2,100,888 in July 2011.
What is the rent for unit 2903?
AED 130,000 a year on the contract signed on 31 March 2021. The previous contract, from March 2019, was AED 200,000; the unit has been rented since March 2017.
How big is unit 2903?
1,664 sqft (154.6 sqm): a two-bedroom apartment on the 29th floor of a 38-storey tower completed in 2008.
What is unit 2903 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 2903, Paloma 3
Starts from the last sale price (AED 3M, 17 May 2022). 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 →