LG01, Paloma 3
Sold prices and rental history: sold 6 times, last in May 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for LG01, Paloma 3
What is LG01 worth today?
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Source: Dubai Land Department. Updated 31 May 2018.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- -1th of 38
- Parking
- P1 - 1219
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 10,300 /yr
- Last sold
- AED 880K · May 2018
- Building
- Paloma 3
About LG01, Paloma 3
LG01 is a studio of 521 sqft on the -1th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 31 May 2018 for AED 880,000, or AED 1,689 per sqft.
It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 6 October 2016, is AED 78,000 a year: a gross yield of 8.9% on the 2018 price, before the service charge of about AED 10,300 a year.
Studios in Paloma 3, and where LG01 sits
All 2 studios →| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Nov 202426 November 2024 | 778 sqft | 1,630,000 | 2,095 | ||
| 25 May 202325 May 2023 | 778 sqft | 1,350,000 | 1,735 | ||
| 1 Sep 20221 September 2022 | 778 sqft | 1,192,000 | 1,532 | ||
| 22 Jun 201022 June 2010 | 778 sqft | 920,000 | 1,182 |
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%
LG01, Paloma 3 in numbers
- Sold 6 times: first on 5 August 2009 for AED 235,444, last on 31 May 2018 for AED 880,000 (AED 1,689 per sqft).
- Rented since September 2013 on 3 Ejari contracts, from AED 52,000 to AED 78,000 a year.
- At AED 78,000 a year the gross yield on the 2018 price is 8.9%, before a service charge of about AED 10,300 a year (AED 19.81 per sqft).
Source: Dubai Land Department. Updated 31 May 2018.
Questions about LG01, Paloma 3
What did unit LG01 last sell for?
AED 880,000 on 31 May 2018: AED 1,689 per sqft for 521 sqft. The unit has 6 registered sales; the first was AED 235,444 in August 2009.
What is the rent for unit LG01?
AED 78,000 a year on the contract signed on 6 October 2016. The previous contract, from October 2015, was AED 85,000; the unit has been rented since September 2013.
How big is unit LG01?
521 sqft (48.4 sqm): a studio on the -1th floor of a 38-storey tower completed in 2008.
What is unit LG01 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on LG01, Paloma 3
Starts from the last sale price (AED 880K, 31 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 880,000
- Deposit, UAE resident (20%)
- AED 176,000
- Deposit, non-resident (40%)
- AED 352,000
- Monthly over 25 years at 3.7%
- AED 3,600
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →