Home
Dubai prices
About
Research
3-bed · 2,098 sqftPaloma 3, Dubai Marina · 34th floor · completed 2008

3402, Paloma 3

Sold prices and rental history: sold 3 times, last in November 2014, and rented once, from May 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3402 · DLD and Ejari recordsUpdated 2 November 2014
Last soldAED 4.38M2 November 2014
Current rentAED 218K /yr10 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 3402

Property timeline for 3402, Paloma 3

What is 3402 worth today?

Last sold for AED 4,375,000 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

2 Nov 2014SoldReady
AED 4,375,000AED 2,085 per sqft
10 May 2013RentedNew contract
AED 217,990/yr7 months · AED 104 per sqft
24 Apr 2012SoldReady
AED 2,850,000AED 1,358 per sqft
28 Dec 2009Sold by developerReady
AED 4,300,000AED 2,049 per sqft

Source: Dubai Land Department. Updated 2 November 2014.

Key facts

Type
3-bed apartment
Size
2,098 sqft
Floor
34th of 38
Parking
P3 - 3122, P3 -3123
Developer
Emaar
Completed
2008
Service charge
AED 41,600 /yr
Last sold
AED 4.38M · November 2014
Building
Paloma 3

About 3402, Paloma 3

3402 is a three-bedroom apartment of 2,098 sqft on the 34th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 2 November 2014 for AED 4,375,000, or AED 2,085 per sqft, 5% below the AED 2,192 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 May 2013. The current contract, signed on 10 May 2013, is AED 217,990 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 41,600 a year.

Sales and rents for 3402 over time

Sales
Unit 3402, each saleTypical three-bed in Paloma 3
2M4M20092013201720212025Typical sale price by year: 2009 AED 2,450,000; 2010 AED 2,323,888; 2011 AED 2,407,944; 2012 AED 2,900,000; 2013 AED 3,500,000; 2014 AED 4,600,000; 2015 AED 2,306,552; 2021 AED 2,900,000; 2022 AED 3,775,000; 2023 AED 3,900,000; 2024 AED 4,150,000Sold by developer, December 2009: AED 4,300,000 (AED 2,049 per sqft)Sold, April 2012: AED 2,850,000 (AED 1,358 per sqft)Sold, November 2014: AED 4,375,000 (AED 2,085 per sqft)

3402 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3402, each contractTypical three-bed in Paloma 3
200K250K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 220,000; 2014 AED 250,000; 2015 AED 230,000; 2016 AED 235,000; 2017 AED 230,000; 2018 AED 207,500; 2019 AED 190,000; 2020 AED 176,000; 2021 AED 165,313; 2022 AED 185,000; 2023 AED 220,000; 2024 AED 220,000; 2025 AED 240,000; 2026 AED 240,000New contract, May 2013: AED 217,990 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Paloma 3, and where 3402 sits

All 38 3-beds →

3402 last sold in November 2014 at AED 2,085 per sqft, 5% below what three-beds in Paloma 3 were fetching at the time (AED 2,192). Over the last 12 months three-beds sold for AED 4,999,999, around AED 2,383 per sqft, and rent for AED 220,000 to 300,000 a year. 3402's AED 217,990 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Dec 20254,999,999
15 Apr 20255,500,000
6 Sep 20245,500,000
2 Jul 20241,850,000
1 3-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 34th floor

All 181 units in Paloma 3
Value
34012-bedAED 2.6M · Jul 2017
34032-bedAED 4.05M · Jun 2025
34041-bedAED 965K · Dec 2011
34051-bedAED 1.35M · May 2019

3402, Paloma 3 in numbers

  • Sold 3 times: first on 28 December 2009 for AED 4,300,000, last on 2 November 2014 for AED 4,375,000 (AED 2,085 per sqft).
  • Rented since May 2013 on one Ejari contract, at AED 217,990 a year.
  • At AED 217,990 a year the gross yield on the 2014 price is 5.0%, before a service charge of about AED 41,600 a year (AED 19.81 per sqft).
  • Three-beds in Paloma 3 sold for AED 4,999,999–4,999,999 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 2 November 2014.

Questions about 3402, Paloma 3

What did unit 3402 last sell for?

AED 4,375,000 on 2 November 2014: AED 2,085 per sqft for 2,098 sqft. The unit has 3 registered sales; the first was AED 4,300,000 in December 2009.

What is the rent for unit 3402?

AED 217,990 a year on the contract signed on 10 May 2013.

How big is unit 3402?

2,098 sqft (194.9 sqm): a three-bedroom apartment on the 34th floor of a 38-storey tower completed in 2008.

What is unit 3402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paloma 3 sold for AED 4,999,999 to 4,999,999 in the last 12 months, around AED 2,383 per sqft.

Selling 3402? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 3402, Paloma 3

Starts from the last sale price (AED 4.38M, 2 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,375,000
Deposit, UAE resident (20%)
AED 875,000
Deposit, non-resident (40%)
AED 1,750,000
Monthly over 25 years at 3.7%
AED 17,899

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