2-bed · 1,443 sqftPaloma 3, Dubai Marina · 30th floor · completed 2008

3001, Paloma 3

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3001 · DLD and Ejari recordsUpdated 19 October 2022
Last soldAED 1.59M16 August 2010
Current rentAED 169K /yr19 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3001, Paloma 3

What is 3001 worth today?

Last sold for AED 1,590,888 in 2010

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19 Oct 2022RentedNew contract
AED 169,000/yr12 months · AED 117 per sqft
1 Aug 2021RentedNew contract
AED 115,000/yr12 months · AED 80 per sqft
29 Feb 2020RentedRenewal
AED 144,000/yr12 months · AED 100 per sqft
1 Mar 2019RentedRenewal
AED 170,490/yr12 months · AED 118 per sqft
16 Aug 2010Sold by developerReady
AED 1,590,888AED 1,102 per sqft

Source: Dubai Land Department. Updated 19 October 2022.

Key facts

Type
2-bed apartment
Size
1,443 sqft
Floor
30th of 38
Parking
P1 - 1191
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 1.59M · August 2010
Building
Paloma 3

About 3001, Paloma 3

3001 is a two-bedroom apartment of 1,443 sqft on the 30th 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 1,590,888, or AED 1,102 per sqft, in line with the AED 1,104 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 19 October 2022, is AED 169,000 a year: a gross yield of 10.6% on the 2010 price, before the service charge of about AED 28,600 a year.

Sales and rents for 3001 over time

Sales
Unit 3001, each saleTypical two-bed in Paloma 3
2M3M4M2009201420192024Typical 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, August 2010: AED 1,590,888 (AED 1,102 per sqft)

3001 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3001, each contractTypical two-bed in Paloma 3
150K2012201620202024Typical 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 170,000Renewal, March 2019: AED 170,490 a yearRenewal, February 2020: AED 144,000 a yearNew contract, August 2021: AED 115,000 a yearNew contract, October 2022: AED 169,000 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 3001 sits

All 74 2-beds →

3001 last sold in August 2010 at AED 1,102 per sqft, in line with what two-beds in Paloma 3 were fetching at the time (AED 1,104). 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. 3001's AED 169,000 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 30th floor

All 181 units in Paloma 3
Value
30023-bedAED 2.9M · Jul 2012
30032-bedAED 1.98M · Jul 2011
30041-bedAED 941K · Sep 2010
30051-bedAED 1.5M · Feb 2022

3001, Paloma 3 in numbers

  • Sold once: by Emaar on 16 August 2010 for AED 1,590,888, or AED 1,102 per sqft.
  • Rented since March 2019 on 4 Ejari contracts. The rent fell from AED 170,490 to AED 115,000 in 2021 and recovered to AED 169,000 by October 2022.
  • At AED 169,000 a year the gross yield on the 2010 price is 10.6%, before a service charge of about AED 28,600 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 19 October 2022.

Questions about 3001, Paloma 3

What did unit 3001 last sell for?

AED 1,590,888 on 16 August 2010, sold by the developer: AED 1,102 per sqft for 1,443 sqft. It is the only registered sale of the unit.

What is the rent for unit 3001?

AED 169,000 a year on the contract signed on 19 October 2022. The previous contract, from August 2021, was AED 115,000; the unit has been rented since March 2019.

How big is unit 3001?

1,443 sqft (134.1 sqm): a two-bedroom apartment on the 30th floor of a 38-storey tower completed in 2008.

What is unit 3001 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 3001, Paloma 3

Starts from the last sale price (AED 1.59M, 16 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,590,888
Deposit, UAE resident (20%)
AED 318,178
Deposit, non-resident (40%)
AED 636,355
Monthly over 25 years at 3.7%
AED 6,509

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