2004, The Residences at Marina Gate 1
Sold prices and rental history: sold twice, last in January 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2004, The Residences at Marina Gate 1
What is 2004 worth today?
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Source: Dubai Land Department. Updated 26 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,253 sqft
- Floor
- 20th of 50
- Parking
- P4-049
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 21,800 /yr
- Last sold
- AED 3.06M · January 2024
- Building
- The Residences at Marina Gate 1
About 2004, The Residences at Marina Gate 1
2004 is a two-bedroom apartment of 1,253 sqft on the 20th 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 26 January 2024 for AED 3,060,000, or AED 2,442 per sqft, in line with the AED 2,401 two-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 10 June 2020, is AED 140,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 21,800 a year.
Sales and rents for 2004 over time
2004 has sold twice; 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 2004 sits
All 160 2-beds →2004 last sold in January 2024 at AED 2,442 per sqft, in line with what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 2,401). 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. 2004's AED 140,000 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. 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%
Other units on the 20th floor
All 389 units in The Residences at Marina Gate 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 3-bed | 1,993 sqft | AED 4.5MAED 4,500,000 · Oct 2022October 2022 | 360,000 /yr | |
| 2002 | 3-bed | 1,822 sqft | AED 3.92MAED 3,923,900 · Sep 2014September 2014 | 280,000 /yr | |
| 2003 | 3-bed | 1,994 sqft | AED 2.8MAED 2,800,000 · Feb 2020February 2020 | ||
| 2005 | 2-bed | 1,388 sqft | AED 2.44MAED 2,437,000 · Jul 2019July 2019 | ||
| 2006 | 1-bed | 690 sqft | AED 2.05MAED 2,050,000 · Mar 2025March 2025 | 70,350 /yr | |
| 2007 | 1-bed | 690 sqft | AED 1.77MAED 1,770,000 · Oct 2023October 2023 | 120,000 /yr | |
| 2008 | 2-bed | 1,388 sqft | AED 2.5MAED 2,495,000 · Feb 2022February 2022 | 125,000 /yr | |
| 2009 | 2-bed | 1,256 sqft | AED 3.9MAED 3,900,000 · Oct 2025October 2025 | 195,000 /yr |
2004, The Residences at Marina Gate 1 in numbers
- Sold twice: first on 6 February 2018 for AED 2,195,000, last on 26 January 2024 for AED 3,060,000 (AED 2,442 per sqft).
- Rented since June 2018 on 3 Ejari contracts. The rent fell from AED 150,000 to AED 110,000 in 2019 and recovered to AED 140,000 by June 2020.
- At AED 140,000 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 21,800 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 2,723 per sqft.
Source: Dubai Land Department. Updated 26 January 2024.
Questions about 2004, The Residences at Marina Gate 1
What did unit 2004 last sell for?
AED 3,060,000 on 26 January 2024: AED 2,442 per sqft for 1,253 sqft. The unit has 2 registered sales; the first was AED 2,195,000 in February 2018.
What is the rent for unit 2004?
AED 140,000 a year on the contract signed on 10 June 2020. The previous contract, from September 2019, was AED 110,000; the unit has been rented since June 2018.
How big is unit 2004?
1,253 sqft (116.4 sqm): a two-bedroom apartment on the 20th floor of a 50-storey tower completed in 2018.
What is unit 2004 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 2004, The Residences at Marina Gate 1
Starts from the last sale price (AED 3.06M, 26 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,060,000
- Deposit, UAE resident (20%)
- AED 612,000
- Deposit, non-resident (40%)
- AED 1,224,000
- Monthly over 25 years at 3.7%
- AED 12,519
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →