1-bed · 834 sqftThe Residences at Marina Gate 1, Dubai Marina · 32nd floor · completed 2018

3208, The Residences at Marina Gate 1

Sold prices and rental history: sold once, by the developer in September 2014, and rented once, from October 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3208 · DLD and Ejari recordsUpdated 1 October 2018
Last soldAED 1.56M7 September 2014
Current rentAED 95K /yr1 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3208, The Residences at Marina Gate 1

What is 3208 worth today?

Last sold for AED 1,558,925 in 2014

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1 Oct 2018RentedNew contract
AED 95,000/yr12 months · AED 115 per sqft
7 Sep 2014Sold by developerOff-plan
AED 1,558,925AED 1,869 per sqft

Source: Dubai Land Department. Updated 1 October 2018.

Key facts

Type
1-bed apartment
Size
834 sqft
Floor
32nd of 50
Parking
P5-017
Developer
Select Global Development
Completed
2018
Service charge
AED 14,500 /yr
Last sold
AED 1.56M · September 2014

About 3208, The Residences at Marina Gate 1

3208 is a one-bedroom apartment of 834 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. The developer sold it on 7 September 2014 for AED 1,558,925, or AED 1,869 per sqft, 5% below the AED 1,977 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2018. The current contract, signed on 1 October 2018, is AED 95,000 a year: a gross yield of 6.1% on the 2014 price, before the service charge of about AED 14,500 a year.

Sales and rents for 3208 over time

Sales
Unit 3208, 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 1,558,925 (AED 1,869 per sqft)

3208 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3208, each contractTypical one-bed in The Residences at Marina Gate 1
80K100K120K2018202120242027Typical 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, October 2018: AED 95,000 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 3208 sits

All 132 1-beds →

3208 last sold in September 2014 at AED 1,869 per sqft, 5% below what one-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,977). 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. 3208's AED 95,000 is in the lower 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
32021-bedAED 1.63M · Nov 2019
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
1–7 of 9

3208, The Residences at Marina Gate 1 in numbers

  • Sold once: by Select Global Development on 7 September 2014 for AED 1,558,925, or AED 1,869 per sqft.
  • Rented since October 2018 on one Ejari contract, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2014 price is 6.1%, before a service charge of about AED 14,500 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 1 October 2018.

Questions about 3208, The Residences at Marina Gate 1

What did unit 3208 last sell for?

AED 1,558,925 on 7 September 2014, sold by the developer: AED 1,869 per sqft for 834 sqft. It is the only registered sale of the unit.

What is the rent for unit 3208?

AED 95,000 a year on the contract signed on 1 October 2018.

How big is unit 3208?

834 sqft (77.5 sqm): a one-bedroom apartment on the 32nd floor of a 50-storey tower completed in 2018.

What is unit 3208 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 3208, The Residences at Marina Gate 1

Starts from the last sale price (AED 1.56M, 7 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,558,925
Deposit, UAE resident (20%)
AED 311,785
Deposit, non-resident (40%)
AED 623,570
Monthly over 25 years at 3.7%
AED 6,378

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