1-bed · 868 sqftThe Residences at Marina Gate 1, Dubai Marina · 32nd floor · completed 2018

3202, The Residences at Marina Gate 1

Sold prices and rental history: sold 3 times, last in November 2019, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3202 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1.63M25 November 2019
Current rentAED 145K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3202, The Residences at Marina Gate 1

What is 3202 worth today?

Last sold for AED 1,630,000 in 2019

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15 Nov 2024RentedNew contract
AED 145,000/yr12 months · AED 168 per sqft
15 Nov 2024RentedNew contract
AED 145,000/yr12 months · AED 168 per sqft
3 Jan 2024RentedRenewal
AED 139,000/yr12 months · AED 161 per sqft
3 Jan 2024RentedRenewal
AED 139,000/yr12 months · AED 161 per sqft
3 Jan 2023RentedNew contract
AED 139,000/yr12 months · AED 159 per sqft
15 Dec 2021RentedNew contract
AED 100,000/yr12 months · AED 115 per sqft
15 Dec 2020RentedNew contract
AED 95,000/yr12 months · AED 109 per sqft
9 Dec 2019RentedNew contract
AED 105,000/yr12 months · AED 120 per sqft

Source: Dubai Land Department. Updated 15 November 2024.

Key facts

Type
1-bed apartment
Size
868 sqft
Floor
32nd of 50
Parking
P5-014
Developer
Select Global Development
Completed
2018
Service charge
AED 15,100 /yr
Last sold
AED 1.63M · November 2019

About 3202, The Residences at Marina Gate 1

3202 is a one-bedroom apartment of 868 sqft on the 32nd 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 25 November 2019 for AED 1,630,000, or AED 1,877 per sqft, 20% above the AED 1,558 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 15 November 2024, is AED 145,000 a year: a gross yield of 8.9% on the 2019 price, before the service charge of about AED 15,100 a year.

Sales and rents for 3202 over time

Sales
Unit 3202, each saleTypical one-bed in The Residences at Marina Gate 1
1.5M2M2014201820222026Typical sale price by year: 2014 AED 1,642,000; 2015 AED 1,428,000; 2016 AED 1,633,800; 2017 AED 1,305,548; 2018 AED 1,900,000; 2019 AED 1,300,000; 2020 AED 1,215,360; 2021 AED 1,750,000; 2022 AED 1,800,000; 2023 AED 2,100,000; 2024 AED 2,300,000; 2025 AED 2,100,000; 2026 AED 2,080,000Sold by developer, September 2014: AED 1,953,000 (AED 2,249 per sqft)Sold, February 2018: AED 1,900,000 (AED 2,188 per sqft)Sold, November 2019: AED 1,630,000 (AED 1,877 per sqft)

3202 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3202, each contractTypical one-bed in The Residences at Marina Gate 1
100K150K2018202120242027Typical rent by year: 2018 AED 105,000; 2019 AED 95,962; 2020 AED 85,000; 2021 AED 90,000; 2022 AED 105,000; 2023 AED 118,750; 2024 AED 125,000; 2025 AED 128,000; 2026 AED 116,000New contract, December 2019: AED 105,000 a yearNew contract, December 2020: AED 95,000 a yearNew contract, December 2021: AED 100,000 a yearNew contract, January 2023: AED 139,000 a yearRenewal, January 2024: AED 139,000 a yearRenewal, January 2024: AED 139,000 a yearNew contract, November 2024: AED 145,000 a yearNew contract, November 2024: AED 145,000 a year

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

1-beds in The Residences at Marina Gate 1, and where 3202 sits

All 132 1-beds →

3202 last sold in November 2019 at AED 1,877 per sqft, 20% above what one-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,558). Over the last 12 months one-beds sold for AED 1,825,000 to 2,150,000, around AED 2,572 per sqft, and rent for AED 72,000 to 200,000 a year. 3202's AED 145,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Apr 20261,825,000
30 Mar 20262,080,000
16 Mar 20262,150,000
29 Sep 20252,750,000
3 1-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
32013-bedAED 5.85M · Sep 2024
32031-bedAED 2.8M · Apr 2024
32043-bedAED 6.8M · Dec 2025
32052-bedAED 2.02M · Feb 2019
32062-bedAED 2.1M · Feb 2019
32071-bedAED 1.5M · Jul 2017
32081-bedAED 1.56M · Sep 2014
1–7 of 9

3202, The Residences at Marina Gate 1 in numbers

  • Sold 3 times: first on 2 September 2014 for AED 1,953,000, last on 25 November 2019 for AED 1,630,000 (AED 1,877 per sqft).
  • Rented since December 2019 on 8 Ejari contracts, from AED 105,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2019 price is 8.9%, before a service charge of about AED 15,100 a year (AED 17.37 per sqft).
  • One-beds in The Residences at Marina Gate 1 sold for AED 1,825,000–2,150,000 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 November 2024.

Questions about 3202, The Residences at Marina Gate 1

What did unit 3202 last sell for?

AED 1,630,000 on 25 November 2019: AED 1,877 per sqft for 868 sqft. The unit has 3 registered sales; the first was AED 1,953,000 in September 2014.

What is the rent for unit 3202?

AED 145,000 a year on the contract signed on 15 November 2024. The previous contract, from November 2024, was AED 145,000; the unit has been rented since December 2019.

How big is unit 3202?

868 sqft (80.6 sqm): a one-bedroom apartment on the 32nd floor of a 50-storey tower completed in 2018.

What is unit 3202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences at Marina Gate 1 sold for AED 1,825,000 to 2,150,000 in the last 12 months, around AED 2,572 per sqft.

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Mortgage on 3202, The Residences at Marina Gate 1

Starts from the last sale price (AED 1.63M, 25 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,630,000
Deposit, UAE resident (20%)
AED 326,000
Deposit, non-resident (40%)
AED 652,000
Monthly over 25 years at 3.7%
AED 6,669

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