1509, The Residences at Marina Gate 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1509, The Residences at Marina Gate 1
What is 1509 worth today?
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Source: Dubai Land Department. Updated 5 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,382 sqft
- Floor
- 15th of 50
- Parking
- P4-063
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 24,000 /yr
- Last sold
- AED 2.5M · October 2017
- Building
- The Residences at Marina Gate 1
About 1509, The Residences at Marina Gate 1
1509 is a two-bedroom apartment of 1,382 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. The developer sold it on 16 October 2017 for AED 2,500,000, or AED 1,808 per sqft, in line with the AED 1,806 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 5 September 2026, is AED 150,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 24,000 a year.
Sales and rents for 1509 over time
1509 has sold once; 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 1509 sits
All 160 2-beds →1509 last sold in October 2017 at AED 1,808 per sqft, in line with what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,806). 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. 1509's AED 150,000 is in the lower 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 | |
| 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 | |
| 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 |
1509, The Residences at Marina Gate 1 in numbers
- Sold once: by Select Global Development on 16 October 2017 for AED 2,500,000, or AED 1,808 per sqft.
- Rented since September 2020 on 5 Ejari contracts, from AED 148,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2017 price is 6.0%, before a service charge of about AED 24,000 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 5 September 2026.
Questions about 1509, The Residences at Marina Gate 1
What did unit 1509 last sell for?
AED 2,500,000 on 16 October 2017, sold by the developer: AED 1,808 per sqft for 1,382 sqft. It is the only registered sale of the unit.
What is the rent for unit 1509?
AED 150,000 a year on the contract signed on 5 September 2026. The previous contract, from May 2023, was AED 237,000; the unit has been rented since September 2020.
How big is unit 1509?
1,382 sqft (128.4 sqm): a two-bedroom apartment on the 15th floor of a 50-storey tower completed in 2018.
What is unit 1509 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 1509, The Residences at Marina Gate 1
Starts from the last sale price (AED 2.5M, 16 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →