3-bed · 1,957 sqftThe Residences at Marina Gate 1, Dubai Marina · 31st floor · completed 2018

3101, The Residences at Marina Gate 1

Sold prices and rental history: sold twice, last in October 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3101 · DLD and Ejari recordsUpdated 19 October 2022
Last soldAED 4.5M19 October 2022
Current rentAED 190K /yr25 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3101, The Residences at Marina Gate 1

What is 3101 worth today?

Last sold for AED 4,500,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Oct 2022SoldReady
AED 4,500,000AED 2,299 per sqft
25 May 2022RentedRenewal
AED 190,000/yr11 months · AED 97 per sqft
25 May 2021RentedNew contract
AED 190,000/yr12 months · AED 97 per sqft
25 May 2020RentedRenewal
AED 190,000/yr12 months · AED 97 per sqft
10 May 2019RentedNew contract
AED 215,000/yr12 months · AED 110 per sqft
10 May 2018RentedNew contract
AED 215,000/yr12 months · AED 110 per sqft
2 Sep 2014Sold by developerOff-plan
AED 4,116,729AED 2,103 per sqft

Source: Dubai Land Department. Updated 19 October 2022.

Key facts

Type
3-bed apartment
Size
1,957 sqft
Floor
31st of 50
Parking
B2-037, B2-038
Developer
Select Global Development
Completed
2018
Service charge
AED 34,000 /yr
Last sold
AED 4.5M · October 2022

About 3101, The Residences at Marina Gate 1

3101 is a three-bedroom apartment of 1,957 sqft on the 31st 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 19 October 2022 for AED 4,500,000, or AED 2,299 per sqft, in line with the AED 2,240 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 25 May 2022, is AED 190,000 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 34,000 a year.

Sales and rents for 3101 over time

Sales
Unit 3101, each saleTypical three-bed in The Residences at Marina Gate 1
4M6M2014201820222026Typical sale price by year: 2014 AED 4,116,360; 2015 AED 4,136,245; 2016 AED 4,060,800; 2017 AED 3,918,500; 2018 AED 4,010,000; 2019 AED 3,400,000; 2020 AED 2,875,000; 2021 AED 3,765,000; 2022 AED 4,425,000; 2023 AED 4,975,000; 2024 AED 5,650,000; 2025 AED 6,250,000; 2026 AED 5,775,000Sold by developer, September 2014: AED 4,116,729 (AED 2,103 per sqft)Sold, October 2022: AED 4,500,000 (AED 2,299 per sqft)

3101 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3101, each contractTypical three-bed in The Residences at Marina Gate 1
200K300K2018202120242027Typical rent by year: 2018 AED 206,250; 2019 AED 200,000; 2020 AED 190,000; 2021 AED 195,000; 2022 AED 220,000; 2023 AED 277,500; 2024 AED 310,000; 2025 AED 320,000; 2026 AED 298,500New contract, May 2018: AED 215,000 a yearNew contract, May 2019: AED 215,000 a yearRenewal, May 2020: AED 190,000 a yearNew contract, May 2021: AED 190,000 a yearRenewal, May 2022: AED 190,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Residences at Marina Gate 1, and where 3101 sits

All 76 3-beds →

3101 last sold in October 2022 at AED 2,299 per sqft, in line with what three-beds in The Residences at Marina Gate 1 were fetching at the time (AED 2,240). Over the last 12 months three-beds sold for AED 5,100,000 to 7,000,000, around AED 3,193 per sqft, and rent for AED 80,000 to 836,280 a year. 3101's AED 190,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Nov 20265,850,000
6 Aug 20265,700,000
16 Jun 20265,100,000
28 Apr 20267,000,000
7 3-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
31021-bedAED 1.85M · Oct 2021
31031-bedAED 2.05M · Nov 2021
31043-bedAED 4.11M · Sep 2014
31052-bedAED 2.6M · Aug 2022
31062-bedAED 3.39M · Feb 2026
31071-bedAED 1.98M · Mar 2024
31081-bedAED 1M · May 2024
1–7 of 9

3101, The Residences at Marina Gate 1 in numbers

  • Sold twice: first on 2 September 2014 for AED 4,116,729, last on 19 October 2022 for AED 4,500,000 (AED 2,299 per sqft).
  • Rented since May 2018 on 5 Ejari contracts, from AED 215,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2022 price is 4.2%, before a service charge of about AED 34,000 a year (AED 17.37 per sqft).
  • Three-beds in The Residences at Marina Gate 1 sold for AED 5,100,000–7,000,000 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 19 October 2022.

Questions about 3101, The Residences at Marina Gate 1

What did unit 3101 last sell for?

AED 4,500,000 on 19 October 2022: AED 2,299 per sqft for 1,957 sqft. The unit has 2 registered sales; the first was AED 4,116,729 in September 2014.

What is the rent for unit 3101?

AED 190,000 a year on the contract renewed on 25 May 2022. The previous contract, from May 2021, was AED 190,000; the unit has been rented since May 2018.

How big is unit 3101?

1,957 sqft (181.8 sqm): a three-bedroom apartment on the 31st floor of a 50-storey tower completed in 2018.

What is unit 3101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences at Marina Gate 1 sold for AED 5,100,000 to 7,000,000 in the last 12 months, around AED 3,193 per sqft.

Selling 3101? 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.

How OpenOffers works

Mortgage on 3101, The Residences at Marina Gate 1

Starts from the last sale price (AED 4.5M, 19 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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