503, Paloma 3
Sold prices and rental history: sold twice, last in September 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Paloma 3
What is 503 worth today?
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Source: Dubai Land Department. Updated 14 September 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,664 sqft
- Floor
- 5th of 38
- Parking
- P1 - 1245
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 33,000 /yr
- Last sold
- AED 2.3M · September 2020
- Building
- Paloma 3
About 503, Paloma 3
503 is a two-bedroom apartment of 1,664 sqft on the 5th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 14 September 2020 for AED 2,300,000, or AED 1,382 per sqft, in line with the AED 1,367 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 14 September 2018, is AED 170,000 a year: a gross yield of 7.4% on the 2020 price, before the service charge of about AED 33,000 a year.
Sales and rents for 503 over time
503 has sold twice; the dashed line is the two-bed median of each year in the building.
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 503 sits
All 74 2-beds →503 last sold in September 2020 at AED 1,382 per sqft, in line with what two-beds in Paloma 3 were fetching at the time (AED 1,367). 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. 503's AED 170,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 1,443 sqft | 13,934 | 9 | ||
| 14 Jul 202614 July 2026 | 1,664 sqft | 3,800,000 | 2,283 | ||
| 2 Jul 20262 July 2026 | 1,443 sqft | 3,700,000 | 2,564 | ||
| 2 Apr 20262 April 2026 | 1,627 sqft | 3,700,000 | 2,274 |
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 | |
| 502 | 3-bed | 2,098 sqft | AED 3.13MAED 3,126,534 · Nov 2011November 2011 | 200,000 /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 |
503, Paloma 3 in numbers
- Sold twice: first on 20 January 2011 for AED 916,444, last on 14 September 2020 for AED 2,300,000 (AED 1,382 per sqft).
- Rented since February 2013 on 6 Ejari contracts, from AED 180,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2020 price is 7.4%, before a service charge of about AED 33,000 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 14 September 2020.
Questions about 503, Paloma 3
What did unit 503 last sell for?
AED 2,300,000 on 14 September 2020: AED 1,382 per sqft for 1,664 sqft. The unit has 2 registered sales; the first was AED 916,444 in January 2011.
What is the rent for unit 503?
AED 170,000 a year on the contract signed on 14 September 2018. The previous contract, from April 2018, was AED 190,000; the unit has been rented since February 2013.
How big is unit 503?
1,664 sqft (154.6 sqm): a two-bedroom apartment on the 5th floor of a 38-storey tower completed in 2008.
What is unit 503 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 503, Paloma 3
Starts from the last sale price (AED 2.3M, 14 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →