1502, The Residences at Marina Gate 1
Sold prices and rental history: sold twice, last in January 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, The Residences at Marina Gate 1
What is 1502 worth today?
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Source: Dubai Land Department. Updated 12 January 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,750 sqft
- Floor
- 15th of 50
- Parking
- P2-038, P2-038 T
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 30,400 /yr
- Last sold
- AED 4.3M · January 2022
- Building
- The Residences at Marina Gate 1
About 1502, The Residences at Marina Gate 1
1502 is a three-bedroom apartment of 1,750 sqft on the 15th floor of The Residences at Marina Gate 1, a 50-storey tower in Dubai Marina completed in 2018 by Select Global Development. It last sold on 12 January 2022 for AED 4,300,000, or AED 2,457 per sqft, 27% above the AED 1,939 three-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 20 August 2021, is AED 170,000 a year: a gross yield of 4.0% on the 2022 price, before the service charge of about AED 30,400 a year.
Sales and rents for 1502 over time
1502 has sold twice; 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 The Residences at Marina Gate 1, and where 1502 sits
All 76 3-beds →1502 last sold in January 2022 at AED 2,457 per sqft, 27% above what three-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,939). Over the last 12 months three-beds sold for AED 5,100,000 to 7,000,000, around AED 3,193 per sqft, and rent for AED 80,000 to 836,280 a year. 1502's AED 170,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 1,994 sqft | 5,850,000 | 2,933 | ||
| 6 Aug 20266 August 2026 | 1,959 sqft | 5,700,000 | 2,909 | ||
| 16 Jun 202616 June 2026 | 1,822 sqft | 5,100,000 | 2,799 | ||
| 28 Apr 202628 April 2026 | 1,957 sqft | 7,000,000 | 3,577 |
The Residences at Marina Gate 1
Building389 apartments, studios to 5-bed over 50 floors in Dubai Marina, completed in 2018 by Select Global Development. 15 sold in the last 12 months.
- Typical price per sqft
- AED 2,799 Up 1.9%
- Typical sale
- AED 3.75M
- Typical rent
- AED 160K /yr
- Typical yield
- 5.0%
Other units on the 15th floor
All 389 units in The Residences at Marina Gate 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,471 sqft | AED 5MAED 5,000,000 · Apr 2025April 2025 | 210,000 /yr | |
| 1503 | 2-bed | 1,472 sqft | AED 2MAED 2,000,000 · Nov 2019November 2019 | 190,000 /yr | |
| 1504 | Studio | 545 sqft | AED 1.4MAED 1,400,000 · Apr 2024April 2024 | 68,889 /yr | |
| 1505 | 2-bed | 1,268 sqft | AED 2.93MAED 2,930,000 · Nov 2023November 2023 | 220,000 /yr | |
| 1506 | 2-bed | 1,381 sqft | AED 3.3MAED 3,300,000 · Jul 2023July 2023 | 140,000 /yr | |
| 1507 | 1-bed | 691 sqft | AED 1.41MAED 1,412,000 · Jan 2015January 2015 | 85,000 /yr | |
| 1508 | 1-bed | 691 sqft | AED 1.24MAED 1,240,000 · Oct 2017October 2017 | 90,000 /yr | |
| 1509 | 2-bed | 1,382 sqft | AED 2.5MAED 2,500,000 · Oct 2017October 2017 | 150,000 /yr | |
| 1510 | 1-bed | 903 sqft | AED 2.1MAED 2,100,000 · Dec 2022December 2022 | 165,000 /yr | |
| 1511 | 1-bed | 898 sqft | AED 1.3MAED 1,300,000 · Mar 2019March 2019 | 130,000 /yr |
1502, The Residences at Marina Gate 1 in numbers
- Sold twice: first on 1 September 2014 for AED 3,888,160, last on 12 January 2022 for AED 4,300,000 (AED 2,457 per sqft).
- Rented since August 2018 on 4 Ejari contracts, from AED 195,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2022 price is 4.0%, before a service charge of about AED 30,400 a year (AED 17.37 per sqft).
- Three-beds in The Residences at Marina Gate 1 sold for AED 5,100,000–7,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,799 per sqft.
Source: Dubai Land Department. Updated 12 January 2022.
Questions about 1502, The Residences at Marina Gate 1
What did unit 1502 last sell for?
AED 4,300,000 on 12 January 2022: AED 2,457 per sqft for 1,750 sqft. The unit has 2 registered sales; the first was AED 3,888,160 in September 2014.
What is the rent for unit 1502?
AED 170,000 a year on the contract renewed on 20 August 2021. The previous contract, from August 2020, was AED 180,000; the unit has been rented since August 2018.
How big is unit 1502?
1,750 sqft (162.6 sqm): a three-bedroom apartment on the 15th floor of a 50-storey tower completed in 2018.
What is unit 1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences at Marina Gate 1 sold for AED 5,100,000 to 7,000,000 in the last 12 months, around AED 3,193 per sqft.
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Mortgage on 1502, The Residences at Marina Gate 1
Starts from the last sale price (AED 4.3M, 12 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,300,000
- Deposit, UAE resident (20%)
- AED 860,000
- Deposit, non-resident (40%)
- AED 1,720,000
- Monthly over 25 years at 3.7%
- AED 17,593
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →