2008, The Residences at Marina Gate 1
Sold prices and rental history: sold twice, last in February 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2008, The Residences at Marina Gate 1
What is 2008 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 10 February 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,388 sqft
- Floor
- 20th of 50
- Parking
- P4-051
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 24,100 /yr
- Last sold
- AED 2.5M · February 2022
- Building
- The Residences at Marina Gate 1
About 2008, The Residences at Marina Gate 1
2008 is a two-bedroom apartment of 1,388 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 10 February 2022 for AED 2,495,000, or AED 1,797 per sqft, 6% above the AED 1,694 two-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 1 August 2020, is AED 125,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 24,100 a year.
Sales and rents for 2008 over time
2008 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 2008 sits
All 160 2-beds →2008 last sold in February 2022 at AED 1,797 per sqft, 6% above what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,694). 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. 2008's AED 125,000 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 | ||
| 2004 | 2-bed | 1,253 sqft | AED 3.06MAED 3,060,000 · Jan 2024January 2024 | 140,000 /yr | |
| 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 | |
| 2009 | 2-bed | 1,256 sqft | AED 3.9MAED 3,900,000 · Oct 2025October 2025 | 195,000 /yr |
2008, The Residences at Marina Gate 1 in numbers
- Sold twice: first on 11 January 2015 for AED 2,529,480, last on 10 February 2022 for AED 2,495,000 (AED 1,797 per sqft).
- Rented since August 2018 on 3 Ejari contracts, from AED 142,500 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2022 price is 5.0%, 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 2,723 per sqft.
Source: Dubai Land Department. Updated 10 February 2022.
Questions about 2008, The Residences at Marina Gate 1
What did unit 2008 last sell for?
AED 2,495,000 on 10 February 2022: AED 1,797 per sqft for 1,388 sqft. The unit has 2 registered sales; the first was AED 2,529,480 in January 2015.
What is the rent for unit 2008?
AED 125,000 a year on the contract renewed on 1 August 2020. The previous contract, from August 2019, was AED 135,000; the unit has been rented since August 2018.
How big is unit 2008?
1,388 sqft (128.9 sqm): a two-bedroom apartment on the 20th floor of a 50-storey tower completed in 2018.
What is unit 2008 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.
Selling 2008? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 2008, The Residences at Marina Gate 1
Starts from the last sale price (AED 2.5M, 10 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,495,000
- Deposit, UAE resident (20%)
- AED 499,000
- Deposit, non-resident (40%)
- AED 998,000
- Monthly over 25 years at 3.7%
- AED 10,208
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →