2-bed · 1,325 sqftThe Residences at Marina Gate 1, Dubai Marina · 31st floor · completed 2018

3105, The Residences at Marina Gate 1

Sold prices and rental history: sold twice, last in August 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3105 · DLD and Ejari recordsUpdated 15 August 2022
Last soldAED 2.6M15 August 2022
Current rentAED 120K /yr8 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3105, The Residences at Marina Gate 1

What is 3105 worth today?

Last sold for AED 2,600,000 in 2022

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15 Aug 2022SoldReady
AED 2,600,000AED 1,962 per sqft
8 Jul 2021RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
6 Apr 2021RentedNew contract
AED 120,000/yr12 months · AED 91 per sqft
31 Mar 2019RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
28 Nov 2018Sold by developerReady
AED 2,330,000AED 1,758 per sqft

Source: Dubai Land Department. Updated 15 August 2022.

Key facts

Type
2-bed apartment
Size
1,325 sqft
Floor
31st of 50
Parking
P3-030
Developer
Select Global Development
Completed
2018
Service charge
AED 23,000 /yr
Last sold
AED 2.6M · August 2022

About 3105, The Residences at Marina Gate 1

3105 is a two-bedroom apartment of 1,325 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 15 August 2022 for AED 2,600,000, or AED 1,962 per sqft, 5% above the AED 1,860 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 8 July 2021, is AED 120,000 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 23,000 a year.

Sales and rents for 3105 over time

Sales
Unit 3105, 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, November 2018: AED 2,330,000 (AED 1,758 per sqft)Sold, August 2022: AED 2,600,000 (AED 1,962 per sqft)

3105 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3105, 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 173,000New contract, March 2019: AED 125,000 a yearNew contract, April 2021: AED 120,000 a yearNew contract, July 2021: AED 120,000 a year

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 3105 sits

All 160 2-beds →

3105 last sold in August 2022 at AED 1,962 per sqft, 5% above what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,860). 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. 3105's AED 120,000 is in the lower half of that range.

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
5 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. 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%
The Residences at Marina Gate 1, Dubai Marina: prices, sales and rents →
Value
31013-bedAED 4.5M · Oct 2022
31021-bedAED 1.85M · Oct 2021
31031-bedAED 2.05M · Nov 2021
31043-bedAED 4.11M · Sep 2014
31062-bedAED 3.39M · Feb 2026
31071-bedAED 1.98M · Mar 2024
31081-bedAED 1M · May 2024
1–7 of 9

3105, The Residences at Marina Gate 1 in numbers

  • Sold twice: first on 28 November 2018 for AED 2,330,000, last on 15 August 2022 for AED 2,600,000 (AED 1,962 per sqft).
  • Rented since March 2019 on 3 Ejari contracts, from AED 125,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2022 price is 4.6%, before a service charge of about AED 23,000 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 15 August 2022.

Questions about 3105, The Residences at Marina Gate 1

What did unit 3105 last sell for?

AED 2,600,000 on 15 August 2022: AED 1,962 per sqft for 1,325 sqft. The unit has 2 registered sales; the first was AED 2,330,000 in November 2018.

What is the rent for unit 3105?

AED 120,000 a year on the contract signed on 8 July 2021. The previous contract, from April 2021, was AED 120,000; the unit has been rented since March 2019.

How big is unit 3105?

1,325 sqft (123.1 sqm): a two-bedroom apartment on the 31st floor of a 50-storey tower completed in 2018.

What is unit 3105 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 3105, The Residences at Marina Gate 1

Starts from the last sale price (AED 2.6M, 15 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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