3408, The Residences at Marina Gate 1
Sold prices and rental history: sold once, by the developer in September 2014, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3408, The Residences at Marina Gate 1
What is 3408 worth today?
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Source: Dubai Land Department. Updated 21 October 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 834 sqft
- Floor
- 34th of 50
- Parking
- P5-025
- Developer
- Select Global Development
- Completed
- 2018
- Service charge
- AED 14,500 /yr
- Last sold
- AED 1.57M · September 2014
- Building
- The Residences at Marina Gate 1
About 3408, The Residences at Marina Gate 1
3408 is a one-bedroom apartment of 834 sqft on the 34th 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 1 September 2014 for AED 1,568,925, or AED 1,881 per sqft, in line with the AED 1,933 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 21 October 2021, is AED 120,000 a year: a gross yield of 7.6% on the 2014 price, before the service charge of about AED 14,500 a year.
Sales and rents for 3408 over time
3408 has sold once; the dashed line is the one-bed median of each year in the building.
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 3408 sits
All 132 1-beds →3408 last sold in September 2014 at AED 1,881 per sqft, in line with what one-beds in The Residences at Marina Gate 1 were fetching at the time (AED 1,933). 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. 3408's AED 120,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Apr 202616 April 2026 | 690 sqft | 1,825,000 | 2,646 | ||
| 30 Mar 202630 March 2026 | 834 sqft | 2,080,000 | 2,495 | ||
| 16 Mar 202616 March 2026 | 836 sqft | 2,150,000 | 2,572 | ||
| 29 Sep 202529 September 2025 | 898 sqft | 2,750,000 | 3,061 |
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
- 5.0%
Other units on the 34th floor
All 389 units in The Residences at Marina Gate 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3401 | 3-bed | 1,957 sqft | AED 3.58MAED 3,575,000 · Mar 2019March 2019 | 450,000 /yr | |
| 3402 | 1-bed | 868 sqft | AED 1.9MAED 1,900,000 · Jan 2018January 2018 | 150,000 /yr | |
| 3403 | 1-bed | 868 sqft | AED 1.9MAED 1,900,000 · Jan 2018January 2018 | 85,000 /yr | |
| 3404 | 3-bed | 1,959 sqft | AED 5.68MAED 5,678,750 · Jul 2024July 2024 | 275,000 /yr | |
| 3405 | 2-bed | 1,325 sqft | AED 2.02MAED 2,019,000 · Feb 2019February 2019 | 153,412 /yr | |
| 3406 | 2-bed | 1,396 sqft | AED 2.5MAED 2,495,000 · Mar 2019March 2019 | ||
| 3407 | 1-bed | 836 sqft | AED 1.52MAED 1,515,000 · Oct 2021October 2021 | 140,000 /yr | |
| 3409 | 2-bed | 1,398 sqft | AED 2.58MAED 2,583,000 · Dec 2014December 2014 | 228,000 /yr | |
| 3410 | 2-bed | 1,325 sqft | AED 2.56MAED 2,560,480 · Sep 2014September 2014 | 200,000 /yr |
3408, The Residences at Marina Gate 1 in numbers
- Sold once: by Select Global Development on 1 September 2014 for AED 1,568,925, or AED 1,881 per sqft.
- Rented since January 2019 on 3 Ejari contracts. The rent fell from AED 120,000 to AED 85,000 in 2020 and recovered to AED 120,000 by October 2021.
- At AED 120,000 a year the gross yield on the 2014 price is 7.6%, 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 21 October 2021.
Questions about 3408, The Residences at Marina Gate 1
What did unit 3408 last sell for?
AED 1,568,925 on 1 September 2014, sold by the developer: AED 1,881 per sqft for 834 sqft. It is the only registered sale of the unit.
What is the rent for unit 3408?
AED 120,000 a year on the contract signed on 21 October 2021. The previous contract, from June 2020, was AED 85,000; the unit has been rented since January 2019.
How big is unit 3408?
834 sqft (77.5 sqm): a one-bedroom apartment on the 34th floor of a 50-storey tower completed in 2018.
What is unit 3408 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 3408, The Residences at Marina Gate 1
Starts from the last sale price (AED 1.57M, 1 September 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,568,925
- Deposit, UAE resident (20%)
- AED 313,785
- Deposit, non-resident (40%)
- AED 627,570
- Monthly over 25 years at 3.7%
- AED 6,419
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →