1505, The Residences at Marina Gate 1
Sold prices and rental history: sold 4 times, last in November 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, The Residences at Marina Gate 1
What is 1505 worth today?
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Source: Dubai Land Department. Updated 21 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,268 sqft
- Floor
- 15th of 50
- Parking
- P4-061
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 22,000 /yr
- Last sold
- AED 2.93M · November 2023
- Building
- The Residences at Marina Gate 1
About 1505, The Residences at Marina Gate 1
1505 is a two-bedroom apartment of 1,268 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 21 November 2023 for AED 2,930,000, or AED 2,311 per sqft, in line with the AED 2,354 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 15 January 2023, is AED 220,000 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 22,000 a year.
Sales and rents for 1505 over time
1505 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences at Marina Gate 1, and where 1505 sits
All 160 2-beds →1505 last sold in November 2023 at AED 2,311 per sqft, in line with what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 2,354). Over the last 12 months two-beds sold for AED 2,875,000 to 3,750,000, around AED 2,428 per sqft, and rent for AED 80,000 to 290,000 a year. 1505's AED 220,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Sep 202618 September 2026 | 1,268 sqft | 2,990,000 | 2,358 | ||
| 2 Sep 20262 September 2026 | 1,325 sqft | 3,500,000 | 2,641 | ||
| 12 May 202612 May 2026 | 1,256 sqft | 3,750,000 | 2,984 | ||
| 27 Feb 202627 February 2026 | 1,396 sqft | 3,390,000 | 2,428 |
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 | |
| 1502 | 3-bed | 1,750 sqft | AED 4.3MAED 4,300,000 · Jan 2022January 2022 | 170,000 /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 | |
| 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 |
1505, The Residences at Marina Gate 1 in numbers
- Sold 4 times: first on 15 February 2015 for AED 2,309,570, last on 21 November 2023 for AED 2,930,000 (AED 2,311 per sqft).
- Rented since January 2019 on 4 Ejari contracts, from AED 130,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2023 price is 7.5%, before a service charge of about AED 22,000 a year (AED 17.37 per sqft).
- Two-beds in The Residences at Marina Gate 1 sold for AED 2,875,000–3,750,000 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 21 November 2023.
Questions about 1505, The Residences at Marina Gate 1
What did unit 1505 last sell for?
AED 2,930,000 on 21 November 2023: AED 2,311 per sqft for 1,268 sqft. The unit has 4 registered sales; the first was AED 2,309,570 in February 2015.
What is the rent for unit 1505?
AED 220,000 a year on the contract signed on 15 January 2023. The previous contract, from February 2021, was AED 120,000; the unit has been rented since January 2019.
How big is unit 1505?
1,268 sqft (117.8 sqm): a two-bedroom apartment on the 15th floor of a 50-storey tower completed in 2018.
What is unit 1505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences at Marina Gate 1 sold for AED 2,875,000 to 3,750,000 in the last 12 months, around AED 2,428 per sqft.
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Mortgage on 1505, The Residences at Marina Gate 1
Starts from the last sale price (AED 2.93M, 21 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,930,000
- Deposit, UAE resident (20%)
- AED 586,000
- Deposit, non-resident (40%)
- AED 1,172,000
- Monthly over 25 years at 3.7%
- AED 11,988
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →