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3-bed · 2,098 sqftPaloma 3, Dubai Marina · 9th floor · completed 2008

902, Paloma 3

Sold prices and rental history: sold twice, last in May 2016, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 15 May 2016
Last soldAED 3.95M15 May 2016
Current rentAED 255K /yr4 September 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 902, Paloma 3

What is 902 worth today?

Last sold for AED 3,950,000 in 2016

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15 May 2016SoldReady
AED 3,950,000AED 1,882 per sqft
4 Sep 2014RentedNew contract
AED 255,000/yr12 months · AED 121 per sqft
8 Jul 2012RentedNew contract
AED 200,000/yr12 months · AED 95 per sqft
21 Jun 2010Sold by developerReady
AED 2,275,888AED 1,084 per sqft

Source: Dubai Land Department. Updated 15 May 2016.

Key facts

Type
3-bed apartment
Size
2,098 sqft
Floor
9th of 38
Parking
P2 - 2288, P2 - 2289
Developer
Emaar
Completed
2008
Service charge
AED 41,600 /yr
Last sold
AED 3.95M · May 2016
Building
Paloma 3

About 902, Paloma 3

902 is a three-bedroom apartment of 2,098 sqft on the 9th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 15 May 2016 for AED 3,950,000, or AED 1,882 per sqft.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 4 September 2014, is AED 255,000 a year: a gross yield of 6.5% on the 2016 price, before the service charge of about AED 41,600 a year.

Sales and rents for 902 over time

Sales
Unit 902, each saleTypical three-bed in Paloma 3
2M4M20092013201720212025Typical sale price by year: 2009 AED 2,450,000; 2010 AED 2,323,888; 2011 AED 2,407,944; 2012 AED 2,900,000; 2013 AED 3,500,000; 2014 AED 4,600,000; 2015 AED 2,306,552; 2021 AED 2,900,000; 2022 AED 3,775,000; 2023 AED 3,900,000; 2024 AED 4,150,000Sold by developer, June 2010: AED 2,275,888 (AED 1,084 per sqft)Sold, May 2016: AED 3,950,000 (AED 1,882 per sqft)

902 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 902, each contractTypical three-bed in Paloma 3
150K200K250K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 220,000; 2014 AED 250,000; 2015 AED 230,000; 2016 AED 235,000; 2017 AED 230,000; 2018 AED 207,500; 2019 AED 190,000; 2020 AED 176,000; 2021 AED 165,313; 2022 AED 185,000; 2023 AED 220,000; 2024 AED 220,000; 2025 AED 240,000; 2026 AED 240,000New contract, July 2012: AED 200,000 a yearNew contract, September 2014: AED 255,000 a year

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 902 sits

All 38 3-beds →

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. 902's AED 255,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Dec 20254,999,999
15 Apr 20255,500,000
6 Sep 20245,500,000
2 Jul 20241,850,000
1 3-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 9th floor

All 181 units in Paloma 3
Value
9012-bedAED 1.33M · Dec 2009
9032-bedAED 2.34M · Nov 2012
9041-bedAED 1.54M · Apr 2022
9051-bedAED 840K · Jun 2009

902, Paloma 3 in numbers

  • Sold twice: first on 21 June 2010 for AED 2,275,888, last on 15 May 2016 for AED 3,950,000 (AED 1,882 per sqft).
  • Rented since July 2012 on 2 Ejari contracts, from AED 200,000 to AED 255,000 a year.
  • At AED 255,000 a year the gross yield on the 2016 price is 6.5%, 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 15 May 2016.

Questions about 902, Paloma 3

What did unit 902 last sell for?

AED 3,950,000 on 15 May 2016: AED 1,882 per sqft for 2,098 sqft. The unit has 2 registered sales; the first was AED 2,275,888 in June 2010.

What is the rent for unit 902?

AED 255,000 a year on the contract signed on 4 September 2014. The previous contract, from July 2012, was AED 200,000.

How big is unit 902?

2,098 sqft (194.9 sqm): a three-bedroom apartment on the 9th floor of a 38-storey tower completed in 2008.

What is unit 902 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 902, Paloma 3

Starts from the last sale price (AED 3.95M, 15 May 2016). 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 →