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2-bed · 1,398 sqftThe Residences at Marina Gate 1, Dubai Marina · 46th floor · completed 2018

4609, The Residences at Marina Gate 1

Sold prices and rental history: sold twice, last in May 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4609 · DLD and Ejari recordsUpdated 18 May 2022
Last soldAED 2.9M18 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4609, The Residences at Marina Gate 1

What is 4609 worth today?

Last sold for AED 2,900,000 in 2022

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18 May 2022SoldReady
AED 2,900,000AED 2,074 per sqft
19 Oct 2017Sold by developerOff-plan
AED 2,668,000AED 1,908 per sqft

Source: Dubai Land Department. Updated 18 May 2022.

Key facts

Type
2-bed apartment
Size
1,398 sqft
Floor
46th of 50
Parking
P1-003
Developer
Select Global Development
Completed
2018
Service charge
AED 24,300 /yr
Last sold
AED 2.9M · May 2022
Building
The Residences at Marina Gate 1

About 4609, The Residences at Marina Gate 1

4609 is a two-bedroom apartment of 1,398 sqft on the 46th 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 18 May 2022 for AED 2,900,000, or AED 2,074 per sqft, 12% above the AED 1,860 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4609 over time

Sales
Unit 4609, 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, October 2017: AED 2,668,000 (AED 1,908 per sqft)Sold, May 2022: AED 2,900,000 (AED 2,074 per sqft)

4609 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4609, 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 173,125

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 4609 sits

All 160 2-beds →

4609 last sold in May 2022 at AED 2,074 per sqft, 12% 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.

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
5.0%
The Residences at Marina Gate 1, Dubai Marina: prices, sales and rents →

Other units on the 46th floor

All 389 units in The Residences at Marina Gate 1
Value
46013-bedAED 4.42M · Sep 2014
46021-bedAED 2.63M · Dec 2023
46031-bedAED 2.1M · Sep 2014
46043-bedAED 4.01M · Jul 2017
46052-bedAED 1.99M · Aug 2019
46062-bedAED 2.52M · Sep 2018
46071-bedAED 1.4M · May 2021
1–7 of 9

4609, The Residences at Marina Gate 1 in numbers

  • Sold twice: first on 19 October 2017 for AED 2,668,000, last on 18 May 2022 for AED 2,900,000 (AED 2,074 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 18 May 2022.

Questions about 4609, The Residences at Marina Gate 1

What did unit 4609 last sell for?

AED 2,900,000 on 18 May 2022: AED 2,074 per sqft for 1,398 sqft. The unit has 2 registered sales; the first was AED 2,668,000 in October 2017.

How big is unit 4609?

1,398 sqft (129.9 sqm): a two-bedroom apartment on the 46th floor of a 50-storey tower completed in 2018.

What is unit 4609 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 4609, The Residences at Marina Gate 1

Starts from the last sale price (AED 2.9M, 18 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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