1-bed · 1,036 sqftPaloma 3, Dubai Marina · 32nd floor · completed 2008

3205, Paloma 3

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3205 · DLD and Ejari recordsUpdated 8 May 2022
Last soldAED 1.05M17 August 2010
Current rentAED 90K /yr8 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3205, Paloma 3

What is 3205 worth today?

Last sold for AED 1,047,888 in 2010

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8 May 2022RentedNew contract
AED 90,000/yr12 months · AED 87 per sqft
9 Oct 2020RentedRenewal
AED 75,000/yr12 months · AED 73 per sqft
9 Oct 2019RentedRenewal
AED 95,000/yr12 months · AED 92 per sqft
10 Oct 2018RentedRenewal
AED 110,306/yr12 months · AED 107 per sqft
9 Oct 2017RentedRenewal
AED 109,705/yr12 months · AED 106 per sqft
9 Oct 2016RentedNew contract
AED 120,000/yr12 months · AED 116 per sqft
10 Jan 2016RentedRenewal
AED 135,000/yr12 months · AED 131 per sqft
10 Jan 2015RentedNew contract
AED 135,000/yr12 months · AED 131 per sqft

Source: Dubai Land Department. Updated 8 May 2022.

Key facts

Type
1-bed apartment
Size
1,036 sqft
Floor
32nd of 38
Parking
P3 - 3157
Developer
Emaar
Completed
2008
Service charge
AED 20,500 /yr
Last sold
AED 1.05M · August 2010
Building
Paloma 3

About 3205, Paloma 3

3205 is a one-bedroom apartment of 1,036 sqft on the 32nd floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 17 August 2010 for AED 1,047,888, or AED 1,011 per sqft, in line with the AED 993 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 8 May 2022, is AED 90,000 a year: a gross yield of 8.6% on the 2010 price, before the service charge of about AED 20,500 a year.

Sales and rents for 3205 over time

Sales
Unit 3205, 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 1,047,888 (AED 1,011 per sqft)

3205 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3205, each contractTypical one-bed in Paloma 3
100K2012201620202024Typical 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, January 2015: AED 135,000 a yearRenewal, January 2016: AED 135,000 a yearNew contract, October 2016: AED 120,000 a yearRenewal, October 2017: AED 109,705 a yearRenewal, October 2018: AED 110,306 a yearRenewal, October 2019: AED 95,000 a yearRenewal, October 2020: AED 75,000 a yearNew contract, May 2022: AED 90,000 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 3205 sits

All 67 1-beds →

3205 last sold in August 2010 at AED 1,011 per sqft, in line with what one-beds in Paloma 3 were fetching at the time (AED 993). 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. 3205's AED 90,000 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 32nd floor

All 181 units in Paloma 3
Value
32012-bedAED 2.15M · Mar 2013
32023-bedAED 4.1M · Jan 2024
32032-bedAED 1M · Jan 2016
32041-bedAED 1.13M · Apr 2011

3205, Paloma 3 in numbers

  • Sold once: by Emaar on 17 August 2010 for AED 1,047,888, or AED 1,011 per sqft.
  • Rented since January 2015 on 8 Ejari contracts. The rent fell from AED 135,000 to AED 75,000 in 2020 and recovered to AED 90,000 by May 2022.
  • At AED 90,000 a year the gross yield on the 2010 price is 8.6%, 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 8 May 2022.

Questions about 3205, Paloma 3

What did unit 3205 last sell for?

AED 1,047,888 on 17 August 2010, sold by the developer: AED 1,011 per sqft for 1,036 sqft. It is the only registered sale of the unit.

What is the rent for unit 3205?

AED 90,000 a year on the contract signed on 8 May 2022. The previous contract, from October 2020, was AED 75,000; the unit has been rented since January 2015.

How big is unit 3205?

1,036 sqft (96.2 sqm): a one-bedroom apartment on the 32nd floor of a 38-storey tower completed in 2008.

What is unit 3205 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 3205, Paloma 3

Starts from the last sale price (AED 1.05M, 17 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,047,888
Deposit, UAE resident (20%)
AED 209,578
Deposit, non-resident (40%)
AED 419,155
Monthly over 25 years at 3.7%
AED 4,287

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