502, Paloma 3
Sold prices and rental history: sold once, by the developer in November 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Paloma 3
What is 502 worth today?
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Source: Dubai Land Department. Updated 13 January 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,098 sqft
- Floor
- 5th of 38
- Parking
- P2 - 2260, P2 - 2261
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 41,600 /yr
- Last sold
- AED 3.13M · November 2011
- Building
- Paloma 3
About 502, Paloma 3
502 is a three-bedroom apartment of 2,098 sqft on the 5th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 16 November 2011 for AED 3,126,534, or AED 1,490 per sqft, 30% above the AED 1,147 three-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 13 January 2025, is AED 200,000 a year: a gross yield of 6.4% on the 2011 price, before the service charge of about AED 41,600 a year.
Sales and rents for 502 over time
502 has sold once; the dashed line is the three-bed median of each year in the building.
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 502 sits
All 38 3-beds →502 last sold in November 2011 at AED 1,490 per sqft, 30% above what three-beds in Paloma 3 were fetching at the time (AED 1,147). 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. 502's AED 200,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Dec 202526 December 2025 | 2,098 sqft | 4,999,999 | 2,383 | ||
| 15 Apr 202515 April 2025 | 2,098 sqft | 5,500,000 | 2,621 | ||
| 6 Sep 20246 September 2024 | 2,098 sqft | 5,500,000 | 2,621 | ||
| 2 Jul 20242 July 2024 | 1,049 sqft | 1,850,000 | 1,763 |
Paloma 3
Building181 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%
Other units on the 5th floor
All 181 units in Paloma 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,443 sqft | AED 2.73MAED 2,725,000 · May 2024May 2024 | 165,000 /yr | |
| 503 | 2-bed | 1,664 sqft | AED 2.3MAED 2,300,000 · Sep 2020September 2020 | 170,000 /yr | |
| 504 | 1-bed | 891 sqft | AED 1.88MAED 1,880,000 · Oct 2023October 2023 | 110,000 /yr | |
| 505 | 1-bed | 1,036 sqft | AED 1.58MAED 1,575,000 · Oct 2022October 2022 | 140,000 /yr |
502, Paloma 3 in numbers
- Sold once: by Emaar on 16 November 2011 for AED 3,126,534, or AED 1,490 per sqft.
- Rented since September 2015 on 8 Ejari contracts. The rent fell from AED 230,000 to AED 145,000 in 2021 and recovered to AED 200,000 by January 2025.
- At AED 200,000 a year the gross yield on the 2011 price is 6.4%, 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 13 January 2025.
Questions about 502, Paloma 3
What did unit 502 last sell for?
AED 3,126,534 on 16 November 2011, sold by the developer: AED 1,490 per sqft for 2,098 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 200,000 a year on the contract renewed on 13 January 2025. The previous contract, from January 2025, was AED 200,000; the unit has been rented since September 2015.
How big is unit 502?
2,098 sqft (194.9 sqm): a three-bedroom apartment on the 5th floor of a 38-storey tower completed in 2008.
What is unit 502 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 502, Paloma 3
Starts from the last sale price (AED 3.13M, 16 November 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 3,126,534
- Deposit, UAE resident (20%)
- AED 625,307
- Deposit, non-resident (40%)
- AED 1,250,614
- Monthly over 25 years at 3.7%
- AED 12,792
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →