3-bed · 3,428 sqftPaloma 3, Dubai Marina · 38th floor · completed 2008

3802, Paloma 3

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3802 · DLD and Ejari recordsUpdated 1 December 2023
Last soldAED 6.02M18 August 2010
Current rentAED 220K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3802, Paloma 3

What is 3802 worth today?

Last sold for AED 6,020,888 in 2010

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1 Dec 2023RentedRenewal
AED 220,000/yr12 months · AED 64 per sqft
1 Dec 2022RentedRenewal
AED 220,000/yr12 months · AED 64 per sqft
1 Dec 2021RentedRenewal
AED 220,000/yr12 months · AED 64 per sqft
1 Dec 2020RentedNew contract
AED 220,000/yr12 months · AED 64 per sqft
1 Nov 2019RentedRenewal
AED 214,286/yr7 months · AED 63 per sqft
1 Nov 2018RentedNew contract
AED 240,000/yr12 months · AED 70 per sqft
18 Aug 2017RentedRenewal
AED 280,000/yr12 months · AED 82 per sqft
18 Aug 2016RentedNew contract
AED 280,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 1 December 2023.

Key facts

Type
3-bed apartment
Size
3,428 sqft
Floor
38th of 38
Parking
P3 - 3116, P3 - 3117
Developer
Emaar
Completed
2008
Service charge
AED 67,900 /yr
Last sold
AED 6.02M · August 2010
Building
Paloma 3

About 3802, Paloma 3

3802 is a three-bedroom apartment of 3,428 sqft on the 38th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 18 August 2010 for AED 6,020,888, or AED 1,756 per sqft, 56% above the AED 1,127 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 December 2023, is AED 220,000 a year: a gross yield of 3.6% on the 2010 price, before the service charge of about AED 67,900 a year.

Sales and rents for 3802 over time

Sales
Unit 3802, each saleTypical three-bed in Paloma 3
2M4M6M20092013201720212025Typical 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, August 2010: AED 6,020,888 (AED 1,756 per sqft)

3802 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3802, each contractTypical three-bed in Paloma 3
200K300K2012201620202024Typical 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, October 2013: AED 296,021 a yearNew contract, October 2015: AED 336,000 a yearNew contract, August 2016: AED 280,000 a yearRenewal, August 2017: AED 280,000 a yearNew contract, November 2018: AED 240,000 a yearRenewal, November 2019: AED 214,286 a yearNew contract, December 2020: AED 220,000 a yearRenewal, December 2021: AED 220,000 a yearRenewal, December 2022: AED 220,000 a yearRenewal, December 2023: AED 220,000 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 3802 sits

All 38 3-beds →

3802 last sold in August 2010 at AED 1,756 per sqft, 56% above what three-beds in Paloma 3 were fetching at the time (AED 1,127). 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. 3802's AED 220,000 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 38th floor

All 181 units in Paloma 3
Value
38013-bedAED 2M · Jul 2010

3802, Paloma 3 in numbers

  • Sold once: by Emaar on 18 August 2010 for AED 6,020,888, or AED 1,756 per sqft.
  • Rented since October 2013 on 10 Ejari contracts, from AED 296,021 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2010 price is 3.6%, before a service charge of about AED 67,900 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 1 December 2023.

Questions about 3802, Paloma 3

What did unit 3802 last sell for?

AED 6,020,888 on 18 August 2010, sold by the developer: AED 1,756 per sqft for 3,428 sqft. It is the only registered sale of the unit.

What is the rent for unit 3802?

AED 220,000 a year on the contract renewed on 1 December 2023. The previous contract, from December 2022, was AED 220,000; the unit has been rented since October 2013.

How big is unit 3802?

3,428 sqft (318.5 sqm): a three-bedroom apartment on the 38th floor of a 38-storey tower completed in 2008.

What is unit 3802 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.

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Mortgage on 3802, Paloma 3

Starts from the last sale price (AED 6.02M, 18 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 6,020,888
Deposit, UAE resident (20%)
AED 1,204,178
Deposit, non-resident (40%)
AED 2,408,355
Monthly over 25 years at 3.7%
AED 24,633

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