2909, The Residences at Marina Gate 1
Sold prices and rental history: sold twice, last in February 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2909, The Residences at Marina Gate 1
What is 2909 worth today?
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Source: Dubai Land Department. Updated 2 February 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,398 sqft
- Floor
- 29th of 50
- Parking
- P3-024
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 24,300 /yr
- Last sold
- AED 2.12M · February 2021
- Building
- The Residences at Marina Gate 1
About 2909, The Residences at Marina Gate 1
2909 is a two-bedroom apartment of 1,398 sqft on the 29th 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 2 February 2021 for AED 2,115,000, or AED 1,512 per sqft, 3% above the AED 1,466 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 3 June 2020, is AED 140,000 a year: a gross yield of 6.6% on the 2021 price, before the service charge of about AED 24,300 a year.
Sales and rents for 2909 over time
2909 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 2909 sits
All 160 2-beds →2909 last sold in February 2021 at AED 1,512 per sqft, 3% above what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,466). 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. 2909'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. 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%
Other units on the 29th floor
All 389 units in The Residences at Marina Gate 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2901 | 3-bed | 1,957 sqft | AED 5.55MAED 5,550,000 · Feb 2024February 2024 | 200,000 /yr | |
| 2902 | 1-bed | 868 sqft | AED 2.03MAED 2,032,000 · Jan 2018January 2018 | ||
| 2903 | 1-bed | 868 sqft | AED 1.9MAED 1,900,000 · Jul 2018July 2018 | 170,000 /yr | |
| 2904 | 3-bed | 1,959 sqft | AED 4.1MAED 4,096,360 · Aug 2014August 2014 | 182,326 /yr | |
| 2905 | 2-bed | 1,325 sqft | AED 1.99MAED 1,987,065 · Aug 2019August 2019 | 155,000 /yr | |
| 2906 | 2-bed | 1,396 sqft | AED 3.37MAED 3,370,000 · May 2024May 2024 | 235,000 /yr | |
| 2907 | 1-bed | 836 sqft | AED 2.15MAED 2,150,000 · Mar 2026March 2026 | 120,000 /yr | |
| 2908 | 1-bed | 834 sqft | AED 1.55MAED 1,545,000 · Jun 2018June 2018 | 105,000 /yr | |
| 2910 | 2-bed | 1,325 sqft | AED 2.5MAED 2,500,000 · Apr 2022April 2022 | 120,000 /yr |
2909, The Residences at Marina Gate 1 in numbers
- Sold twice: first on 1 September 2014 for AED 2,584,680, last on 2 February 2021 for AED 2,115,000 (AED 1,512 per sqft).
- Rented since June 2018 on 3 Ejari contracts, from AED 157,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2021 price is 6.6%, before a service charge of about AED 24,300 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 2 February 2021.
Questions about 2909, The Residences at Marina Gate 1
What did unit 2909 last sell for?
AED 2,115,000 on 2 February 2021: AED 1,512 per sqft for 1,398 sqft. The unit has 2 registered sales; the first was AED 2,584,680 in September 2014.
What is the rent for unit 2909?
AED 140,000 a year on the contract renewed on 3 June 2020. The previous contract, from June 2019, was AED 150,000; the unit has been rented since June 2018.
How big is unit 2909?
1,398 sqft (129.9 sqm): a two-bedroom apartment on the 29th floor of a 50-storey tower completed in 2018.
What is unit 2909 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 2909, The Residences at Marina Gate 1
Starts from the last sale price (AED 2.12M, 2 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,115,000
- Deposit, UAE resident (20%)
- AED 423,000
- Deposit, non-resident (40%)
- AED 846,000
- Monthly over 25 years at 3.7%
- AED 8,653
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →