1-bed · 1,036 sqftPaloma 3, Dubai Marina · 6th floor · completed 2008

605, 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 605 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 825K18 August 2010
Current rentAED 74K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, Paloma 3

What is 605 worth today?

Last sold for AED 824,888 in 2010

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1 Apr 2023RentedRenewal
AED 73,500/yr12 months · AED 71 per sqft
1 Apr 2022RentedRenewal
AED 73,500/yr12 months · AED 71 per sqft
1 Apr 2021RentedRenewal
AED 70,000/yr12 months · AED 68 per sqft
1 Apr 2020RentedNew contract
AED 70,000/yr12 months · AED 68 per sqft
23 Jul 2018RentedRenewal
AED 103,000/yr12 months · AED 100 per sqft
23 Jul 2017RentedNew contract
AED 103,000/yr12 months · AED 100 per sqft
12 Jul 2015RentedNew contract
AED 108,000/yr12 months · AED 105 per sqft
23 Jun 2013RentedNew contract
AED 90,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
1-bed apartment
Size
1,036 sqft
Floor
6th of 38
Parking
P1 - 1229
Developer
Emaar
Completed
2008
Service charge
AED 20,500 /yr
Last sold
AED 825K · August 2010
Building
Paloma 3

About 605, Paloma 3

605 is a one-bedroom apartment of 1,036 sqft on the 6th 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 824,888, or AED 796 per sqft, 19% below the AED 981 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 73,500 a year: a gross yield of 8.9% on the 2010 price, before the service charge of about AED 20,500 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical one-bed in Paloma 3
1M2M2009201420192024Typical sale price by year: 2009 AED 909,013; 2010 AED 912,888; 2011 AED 1,133,000; 2012 AED 1,000,000; 2013 AED 1,325,000; 2014 AED 1,950,000; 2015 AED 1,675,000; 2017 AED 1,640,000; 2019 AED 950,000; 2020 AED 700,000; 2021 AED 1,400,000; 2022 AED 1,575,000; 2023 AED 1,865,000; 2024 AED 1,940,000; 2025 AED 2,050,000Sold by developer, August 2010: AED 824,888 (AED 796 per sqft)

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

Rents
Unit 605, each contractTypical one-bed in Paloma 3
75K100K125K2012201620202024Typical rent by year: 2012 AED 97,500; 2013 AED 107,000; 2014 AED 117,750; 2015 AED 122,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 109,500; 2019 AED 96,500; 2020 AED 85,000; 2021 AED 84,500; 2022 AED 88,125; 2023 AED 95,000; 2024 AED 111,000; 2025 AED 110,000; 2026 AED 105,000New contract, June 2013: AED 90,000 a yearNew contract, July 2015: AED 108,000 a yearNew contract, July 2017: AED 103,000 a yearRenewal, July 2018: AED 103,000 a yearNew contract, April 2020: AED 70,000 a yearRenewal, April 2021: AED 70,000 a yearRenewal, April 2022: AED 73,500 a yearRenewal, April 2023: AED 73,500 a year

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

1-beds in Paloma 3, and where 605 sits

All 67 1-beds →

605 last sold in August 2010 at AED 796 per sqft, 19% below what one-beds in Paloma 3 were fetching at the time (AED 981). Over the last 12 months one-beds sold for AED 2,150,000, around AED 2,075 per sqft, and rent for AED 80,000 to 140,000 a year. 605's AED 73,500 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
6 Mar 20262,150,000
12 Aug 20252,075,000
7 May 20251,970,000
8 Apr 20252,300,000
1 1-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 6th floor

All 181 units in Paloma 3
Value
6012-bedAED 1.3M · Aug 2010
6023-bedAED 2.26M · Aug 2010
6032-bedAED 1.84M · Dec 2009

605, Paloma 3 in numbers

  • Sold once: by Emaar on 18 August 2010 for AED 824,888, or AED 796 per sqft.
  • Rented since June 2013 on 8 Ejari contracts, from AED 90,000 to AED 73,500 a year.
  • At AED 73,500 a year the gross yield on the 2010 price is 8.9%, before a service charge of about AED 20,500 a year (AED 19.81 per sqft).
  • One-beds in Paloma 3 sold for AED 2,150,000–2,150,000 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 1 April 2023.

Questions about 605, Paloma 3

What did unit 605 last sell for?

AED 824,888 on 18 August 2010, sold by the developer: AED 796 per sqft for 1,036 sqft. It is the only registered sale of the unit.

What is the rent for unit 605?

AED 73,500 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 73,500; the unit has been rented since June 2013.

How big is unit 605?

1,036 sqft (96.2 sqm): a one-bedroom apartment on the 6th floor of a 38-storey tower completed in 2008.

What is unit 605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paloma 3 sold for AED 2,150,000 to 2,150,000 in the last 12 months, around AED 2,075 per sqft.

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Mortgage on 605, Paloma 3

Starts from the last sale price (AED 825K, 18 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 824,888
Deposit, UAE resident (20%)
AED 164,978
Deposit, non-resident (40%)
AED 329,955
Monthly over 25 years at 3.7%
AED 3,375

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