702, Paloma 3
Sold prices and rental history: sold 3 times, last in February 2023, 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 702, Paloma 3
What is 702 worth today?
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Source: Dubai Land Department. Updated 27 February 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,098 sqft
- Floor
- 7th of 38
- Parking
- P2 - 2292, P2 - 2293
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 41,600 /yr
- Last sold
- AED 3.95M · February 2023
- Building
- Paloma 3
About 702, Paloma 3
702 is a three-bedroom apartment of 2,098 sqft on the 7th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 27 February 2023 for AED 3,950,000, or AED 1,882 per sqft, in line with the AED 1,870 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 June 2022, is AED 190,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 41,600 a year.
Sales and rents for 702 over time
702 has sold 3 times; 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 702 sits
All 38 3-beds →702 last sold in February 2023 at AED 1,882 per sqft, in line with what three-beds in Paloma 3 were fetching at the time (AED 1,870). 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. 702's AED 190,000 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 7th floor
All 181 units in Paloma 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,443 sqft | AED 1.31MAED 1,312,888 · Dec 2011December 2011 | 99,723 /yr | |
| 703 | 2-bed | 1,664 sqft | AED 2MAED 2,000,000 · Dec 2010December 2010 | 157,500 /yr | |
| 704 | 1-bed | 891 sqft | AED 2.3MAED 2,300,000 · Apr 2025April 2025 | 80,000 /yr | |
| 705 | 1-bed | 1,036 sqft | AED 1.97MAED 1,970,000 · May 2025May 2025 | 105,000 /yr |
702, Paloma 3 in numbers
- Sold 3 times: first on 30 December 2009 for AED 2,263,888, last on 27 February 2023 for AED 3,950,000 (AED 1,882 per sqft).
- Rented since April 2013 on 9 Ejari contracts. The rent fell from AED 225,000 to AED 165,000 in 2021 and recovered to AED 190,000 by June 2022.
- At AED 190,000 a year the gross yield on the 2023 price is 4.8%, 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 27 February 2023.
Questions about 702, Paloma 3
What did unit 702 last sell for?
AED 3,950,000 on 27 February 2023: AED 1,882 per sqft for 2,098 sqft. The unit has 3 registered sales; the first was AED 2,263,888 in December 2009.
What is the rent for unit 702?
AED 190,000 a year on the contract renewed on 1 June 2022. The previous contract, from June 2021, was AED 165,000; the unit has been rented since April 2013.
How big is unit 702?
2,098 sqft (194.9 sqm): a three-bedroom apartment on the 7th floor of a 38-storey tower completed in 2008.
What is unit 702 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 702, Paloma 3
Starts from the last sale price (AED 3.95M, 27 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,950,000
- Deposit, UAE resident (20%)
- AED 790,000
- Deposit, non-resident (40%)
- AED 1,580,000
- Monthly over 25 years at 3.7%
- AED 16,161
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →