2-bed · 1,443 sqftPaloma 3, Dubai Marina · 8th floor · completed 2008

801, Paloma 3

Sold prices and rental history: sold once, by the developer in November 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 801 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 2.14M16 November 2011
Current rentAED 100K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 801, Paloma 3

What is 801 worth today?

Last sold for AED 2,142,835 in 2011

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1 Feb 2023RentedRenewal
AED 100,000/yr12 months · AED 69 per sqft
1 Feb 2022RentedRenewal
AED 100,000/yr12 months · AED 69 per sqft
1 Feb 2021RentedNew contract
AED 95,000/yr12 months · AED 66 per sqft
25 Aug 2019RentedNew contract
AED 115,000/yr13 months · AED 80 per sqft
12 Jul 2014RentedNew contract
AED 150,000/yr12 months · AED 104 per sqft
16 Nov 2011Sold by developerReady
AED 2,142,835AED 1,484 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
2-bed apartment
Size
1,443 sqft
Floor
8th of 38
Parking
P2 - 2280
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 2.14M · November 2011
Building
Paloma 3

About 801, Paloma 3

801 is a two-bedroom apartment of 1,443 sqft on the 8th 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 2,142,835, or AED 1,484 per sqft, 29% above the AED 1,151 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 100,000 a year: a gross yield of 4.7% on the 2011 price, before the service charge of about AED 28,600 a year.

Sales and rents for 801 over time

Sales
Unit 801, each saleTypical two-bed in Paloma 3
2M3M4M2009201420192024Typical sale price by year: 2009 AED 1,544,388; 2010 AED 1,844,888; 2011 AED 1,868,888; 2012 AED 1,850,000; 2013 AED 2,664,000; 2014 AED 3,300,000; 2015 AED 1,850,061; 2016 AED 2,550,000; 2020 AED 2,050,000; 2021 AED 2,450,000; 2022 AED 3,000,000; 2023 AED 3,325,000; 2024 AED 3,650,000; 2025 AED 3,712,500; 2026 AED 3,700,000Sold by developer, November 2011: AED 2,142,835 (AED 1,484 per sqft)

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

Rents
Unit 801, each contractTypical two-bed in Paloma 3
100K150K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 170,000; 2014 AED 171,250; 2015 AED 180,000; 2016 AED 180,000; 2017 AED 179,759; 2018 AED 167,000; 2019 AED 150,000; 2020 AED 135,000; 2021 AED 127,728; 2022 AED 140,000; 2023 AED 155,000; 2024 AED 170,000; 2025 AED 175,000; 2026 AED 170,000New contract, July 2014: AED 150,000 a yearNew contract, August 2019: AED 115,000 a yearNew contract, February 2021: AED 95,000 a yearRenewal, February 2022: AED 100,000 a yearRenewal, February 2023: AED 100,000 a year

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 801 sits

All 74 2-beds →

801 last sold in November 2011 at AED 1,484 per sqft, 29% above what two-beds in Paloma 3 were fetching at the time (AED 1,151). 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. 801's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Jul 202613,934
14 Jul 20263,800,000
2 Jul 20263,700,000
2 Apr 20263,700,000
9 2-bed sales 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 8th floor

All 181 units in Paloma 3
Value
8023-bedAED 3.9M · Sep 2022
8032-bedAED 1.85M · May 2010
8041-bedAED 1.34M · Jun 2021
8051-bedAED 835K · Jun 2009

801, Paloma 3 in numbers

  • Sold once: by Emaar on 16 November 2011 for AED 2,142,835, or AED 1,484 per sqft.
  • Rented since July 2014 on 5 Ejari contracts, from AED 150,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2011 price is 4.7%, before a service charge of about AED 28,600 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 1 February 2023.

Questions about 801, Paloma 3

What did unit 801 last sell for?

AED 2,142,835 on 16 November 2011, sold by the developer: AED 1,484 per sqft for 1,443 sqft. It is the only registered sale of the unit.

What is the rent for unit 801?

AED 100,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 100,000; the unit has been rented since July 2014.

How big is unit 801?

1,443 sqft (134.1 sqm): a two-bedroom apartment on the 8th floor of a 38-storey tower completed in 2008.

What is unit 801 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 801, Paloma 3

Starts from the last sale price (AED 2.14M, 16 November 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,142,835
Deposit, UAE resident (20%)
AED 428,567
Deposit, non-resident (40%)
AED 857,134
Monthly over 25 years at 3.7%
AED 8,767

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