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

1908, The Residences at Marina Gate 1

Sold prices and rental history: sold twice, last in October 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1908 · DLD and Ejari recordsUpdated 7 October 2020
Last soldAED 1.8M7 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1908, The Residences at Marina Gate 1

What is 1908 worth today?

Last sold for AED 1,800,000 in 2020

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7 Oct 2020SoldReady
AED 1,800,000AED 1,296 per sqft
30 Sep 2014Sold by developerOff-plan
AED 2,563,000AED 1,846 per sqft

Source: Dubai Land Department. Updated 7 October 2020.

Key facts

Type
2-bed apartment
Size
1,388 sqft
Floor
19th of 50
Parking
P4-047
Developer
Select Global Development
Completed
2018
Service charge
AED 24,100 /yr
Last sold
AED 1.8M · October 2020
Building
The Residences at Marina Gate 1

About 1908, The Residences at Marina Gate 1

1908 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 7 October 2020 for AED 1,800,000, or AED 1,296 per sqft, 10% below the AED 1,448 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1908 over time

Sales
Unit 1908, 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, September 2014: AED 2,563,000 (AED 1,846 per sqft)Sold, October 2020: AED 1,800,000 (AED 1,296 per sqft)

1908 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1908, 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 1908 sits

All 160 2-beds →

1908 last sold in October 2020 at AED 1,296 per sqft, 10% below what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,448). Over the last 12 months two-beds sold for AED 2,875,000 to 3,750,000, around AED 2,422 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
6 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. 16 sold in the last 12 months.

Typical price per sqft
AED 2,723 Down 1.2%
Typical sale
AED 3.63M
Typical rent
AED 160K /yr
Typical yield
5.3%
The Residences at Marina Gate 1, Dubai Marina: prices, sales and rents →

Other units on the 19th floor

All 389 units in The Residences at Marina Gate 1
Value
19013-bedAED 5.7M · Nov 2023
19023-bedAED 3.91M · Sep 2014
19033-bedAED 832K · Apr 2018
19042-bedAED 2.34M · Nov 2017
19052-bedAED 2.6M · Oct 2021
19061-bedAED 1.49M · Apr 2022
19071-bedAED 1.35M · Apr 2022
1–7 of 8

1908, The Residences at Marina Gate 1 in numbers

  • Sold twice: first on 30 September 2014 for AED 2,563,000, last on 7 October 2020 for AED 1,800,000 (AED 1,296 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 2,723 per sqft.

Source: Dubai Land Department. Updated 7 October 2020.

Questions about 1908, The Residences at Marina Gate 1

What did unit 1908 last sell for?

AED 1,800,000 on 7 October 2020: AED 1,296 per sqft for 1,388 sqft. The unit has 2 registered sales; the first was AED 2,563,000 in September 2014.

How big is unit 1908?

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 1908 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 2,422 per sqft.

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Mortgage on 1908, The Residences at Marina Gate 1

Starts from the last sale price (AED 1.8M, 7 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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