2-bed · 1,388 sqftThe Residences at Marina Gate 1, Dubai Marina · 19th floor · completed 2018

1905, The Residences at Marina Gate 1

Sold prices and rental history: sold twice, last in October 2021, and rented once, from November 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1905 · DLD and Ejari recordsUpdated 11 November 2021
Last soldAED 2.6M5 October 2021
Current rentAED 240K /yr11 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1905, The Residences at Marina Gate 1

What is 1905 worth today?

Last sold for AED 2,600,000 in 2021

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11 Nov 2021RentedNew contract
AED 240,000/yr12 months · AED 173 per sqft
5 Oct 2021SoldReady
AED 2,600,000AED 1,873 per sqft
26 Nov 2018Sold by developerReady
AED 2,507,000AED 1,806 per sqft

Source: Dubai Land Department. Updated 11 November 2021.

Key facts

Type
2-bed apartment
Size
1,388 sqft
Floor
19th of 50
Parking
P4-046
Developer
Select Global Development
Completed
2018
Service charge
AED 24,100 /yr
Last sold
AED 2.6M · October 2021

About 1905, The Residences at Marina Gate 1

1905 is a two-bedroom apartment of 1,388 sqft on the 19th 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 5 October 2021 for AED 2,600,000, or AED 1,873 per sqft, 23% above the AED 1,528 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 November 2021. The current contract, signed on 11 November 2021, is AED 240,000 a year: a gross yield of 9.2% on the 2021 price, before the service charge of about AED 24,100 a year.

Sales and rents for 1905 over time

Sales
Unit 1905, 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, November 2018: AED 2,507,000 (AED 1,806 per sqft)Sold, October 2021: AED 2,600,000 (AED 1,873 per sqft)

1905 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1905, each contractTypical two-bed in The Residences at Marina Gate 1
200K2018202120242027Typical 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 173,125New contract, November 2021: AED 240,000 a year

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 1905 sits

All 160 2-beds →

1905 last sold in October 2021 at AED 1,873 per sqft, 23% above what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,528). 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. 1905's AED 240,000 is in the upper half of that range.

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
5.0%
The Residences at Marina Gate 1, Dubai Marina: prices, sales and rents →
Value
19013-bedAED 5.7M · Nov 2023
19023-bedAED 3.91M · Sep 2014
19033-bedAED 832K · Apr 2018
19042-bedAED 2.34M · Nov 2017
19061-bedAED 1.49M · Apr 2022
19071-bedAED 1.35M · Apr 2022
19082-bedAED 1.8M · Oct 2020
1–7 of 8

1905, The Residences at Marina Gate 1 in numbers

  • Sold twice: first on 26 November 2018 for AED 2,507,000, last on 5 October 2021 for AED 2,600,000 (AED 1,873 per sqft).
  • Rented since November 2021 on one Ejari contract, at AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2021 price is 9.2%, before a service charge of about AED 24,100 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 11 November 2021.

Questions about 1905, The Residences at Marina Gate 1

What did unit 1905 last sell for?

AED 2,600,000 on 5 October 2021: AED 1,873 per sqft for 1,388 sqft. The unit has 2 registered sales; the first was AED 2,507,000 in November 2018.

What is the rent for unit 1905?

AED 240,000 a year on the contract signed on 11 November 2021.

How big is unit 1905?

1,388 sqft (128.9 sqm): a two-bedroom apartment on the 19th floor of a 50-storey tower completed in 2018.

What is unit 1905 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 1905, The Residences at Marina Gate 1

Starts from the last sale price (AED 2.6M, 5 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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