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2-bed · 1,382 sqftThe Residences at Marina Gate 1, Dubai Marina · 17th floor · completed 2018

1709, The Residences at Marina Gate 1

Sold prices and rental history: sold once, by the developer in February 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1709 · DLD and Ejari recordsUpdated 4 February 2018
Last soldAED 2.4M4 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1709, The Residences at Marina Gate 1

What is 1709 worth today?

Last sold for AED 2,395,000 in 2018

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4 Feb 2018Sold by developerOff-plan
AED 2,395,000AED 1,732 per sqft

Source: Dubai Land Department. Updated 4 February 2018.

Key facts

Type
2-bed apartment
Size
1,382 sqft
Floor
17th of 50
Parking
P4-039
Developer
Select Global Development
Completed
2018
Service charge
AED 24,000 /yr
Last sold
AED 2.4M · February 2018
Building
The Residences at Marina Gate 1

About 1709, The Residences at Marina Gate 1

1709 is a two-bedroom apartment of 1,382 sqft on the 17th 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 4 February 2018 for AED 2,395,000, or AED 1,732 per sqft, 5% below the AED 1,832 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1709 over time

Sales
Unit 1709, each saleTypical two-bed in The Residences at Marina Gate 1
2M3M2014201820222026Typical sale price by year: 2014 AED 2,587,580; 2015 AED 2,546,145; 2016 AED 2,510,255; 2017 AED 2,475,000; 2018 AED 2,471,000; 2019 AED 2,093,790; 2020 AED 1,895,000; 2021 AED 2,180,000; 2022 AED 2,600,000; 2023 AED 3,200,000; 2024 AED 3,625,000; 2025 AED 3,400,000; 2026 AED 3,445,000Sold by developer, February 2018: AED 2,395,000 (AED 1,732 per sqft)

1709 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1709, each contractTypical two-bed in The Residences at Marina Gate 1
150K2018202120242027Typical rent by year: 2018 AED 144,000; 2019 AED 131,779; 2020 AED 124,000; 2021 AED 125,000; 2022 AED 135,000; 2023 AED 152,500; 2024 AED 180,000; 2025 AED 180,000; 2026 AED 173,000

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 1709 sits

All 160 2-beds →

1709 last sold in February 2018 at AED 1,732 per sqft, 5% below what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,832). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Sep 20262,990,000
2 Sep 20263,500,000
12 May 20263,750,000
27 Feb 20263,390,000
5 2-bed sales in the last 12 months

The Residences at Marina Gate 1

Building

389 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
5.1%
The Residences at Marina Gate 1, Dubai Marina: prices, sales and rents →

Other units on the 17th floor

All 389 units in The Residences at Marina Gate 1
Value
17012-bedAED 1.83M · Aug 2014
17023-bedAED 3.9M · Sep 2014
17032-bedAED 4M · Jan 2023
1704StudioAED 1.06M · Sep 2016
17052-bedAED 1.91M · Feb 2019
17062-bedAED 1.6M · Aug 2020
17071-bedAED 1.9M · Jul 2024
1–7 of 10

1709, The Residences at Marina Gate 1 in numbers

  • Sold once: by Select Global Development on 4 February 2018 for AED 2,395,000, or AED 1,732 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 4 February 2018.

Questions about 1709, The Residences at Marina Gate 1

What did unit 1709 last sell for?

AED 2,395,000 on 4 February 2018, sold by the developer: AED 1,732 per sqft for 1,382 sqft. It is the only registered sale of the unit.

How big is unit 1709?

1,382 sqft (128.4 sqm): a two-bedroom apartment on the 17th floor of a 50-storey tower completed in 2018.

What is unit 1709 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 1709, The Residences at Marina Gate 1

Starts from the last sale price (AED 2.4M, 4 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,395,000
Deposit, UAE resident (20%)
AED 479,000
Deposit, non-resident (40%)
AED 958,000
Monthly over 25 years at 3.7%
AED 9,799

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →