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2-bed · 1,573 sqftPaloma 3, Dubai Marina · 37th floor · completed 2008

3705, Paloma 3

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

Unit 3705 · DLD and Ejari recordsUpdated 20 November 2014
Last soldAED 3.1M20 November 2014
Current rentAED 170K /yr16 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3705, Paloma 3

What is 3705 worth today?

Last sold for AED 3,100,000 in 2014

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20 Nov 2014SoldReady
AED 3,100,000AED 1,970 per sqft
16 Mar 2014RentedNew contract
AED 170,000/yr12 months · AED 108 per sqft
1 Jul 2013RentedNew contract
AED 155,000/yr12 months · AED 99 per sqft
22 Mar 2010Sold by developerReady
AED 1,513,888AED 962 per sqft

Source: Dubai Land Department. Updated 20 November 2014.

Key facts

Type
2-bed apartment
Size
1,573 sqft
Floor
37th of 38
Parking
P1 - 1169
Developer
Emaar
Completed
2008
Service charge
AED 31,200 /yr
Last sold
AED 3.1M · November 2014
Building
Paloma 3

About 3705, Paloma 3

3705 is a two-bedroom apartment of 1,573 sqft on the 37th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 20 November 2014 for AED 3,100,000, or AED 1,970 per sqft, 12% below the AED 2,235 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 16 March 2014, is AED 170,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 31,200 a year.

Sales and rents for 3705 over time

Sales
Unit 3705, 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, March 2010: AED 1,513,888 (AED 962 per sqft)Sold, November 2014: AED 3,100,000 (AED 1,970 per sqft)

3705 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3705, each contractTypical two-bed in Paloma 3
125K150K175K2012201620202024Typical 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 170,000New contract, July 2013: AED 155,000 a yearNew contract, March 2014: AED 170,000 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 3705 sits

All 74 2-beds →

3705 last sold in November 2014 at AED 1,970 per sqft, 12% below what two-beds in Paloma 3 were fetching at the time (AED 2,235). 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. 3705's AED 170,000 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 37th floor

All 181 units in Paloma 3
Value
3701StudioAED 1.63M · Nov 2024
37021-bedAED 1.08M · Jun 2010
37032-bedAED 3.7M · Apr 2026
37042-bedAED 1.8M · Feb 2012

3705, Paloma 3 in numbers

  • Sold twice: first on 22 March 2010 for AED 1,513,888, last on 20 November 2014 for AED 3,100,000 (AED 1,970 per sqft).
  • Rented since July 2013 on 2 Ejari contracts, from AED 155,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 31,200 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 20 November 2014.

Questions about 3705, Paloma 3

What did unit 3705 last sell for?

AED 3,100,000 on 20 November 2014: AED 1,970 per sqft for 1,573 sqft. The unit has 2 registered sales; the first was AED 1,513,888 in March 2010.

What is the rent for unit 3705?

AED 170,000 a year on the contract signed on 16 March 2014. The previous contract, from July 2013, was AED 155,000.

How big is unit 3705?

1,573 sqft (146.1 sqm): a two-bedroom apartment on the 37th floor of a 38-storey tower completed in 2008.

What is unit 3705 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 3705, Paloma 3

Starts from the last sale price (AED 3.1M, 20 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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