2-bed · 1,325 sqftThe Residences at Marina Gate 1, Dubai Marina · 47th floor · completed 2018

4710, The Residences at Marina Gate 1

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4710 · DLD and Ejari recordsUpdated 8 July 2024
Last soldAED 3.45M8 July 2024
Current rentAED 200K /yr19 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4710, The Residences at Marina Gate 1

What is 4710 worth today?

Last sold for AED 3,450,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

8 Jul 2024SoldReady
AED 3,450,000AED 2,603 per sqft
19 May 2023RentedRenewal
AED 200,000/yr12 months · AED 151 per sqft
19 May 2022RentedNew contract
AED 200,000/yr12 months · AED 151 per sqft
1 May 2021RentedRenewal
AED 155,463/yr12 months · AED 117 per sqft
11 Jun 2020RentedRenewal
AED 155,250/yr11 months · AED 117 per sqft
11 Jun 2019RentedNew contract
AED 160,000/yr12 months · AED 121 per sqft
28 Mar 2017SoldOff-plan
AED 2,120,000AED 1,599 per sqft
30 Sep 2014Sold by developerOff-plan
AED 2,659,140AED 2,006 per sqft

Source: Dubai Land Department. Updated 8 July 2024.

Key facts

Type
2-bed apartment
Size
1,325 sqft
Floor
47th of 50
Parking
M-035
Developer
Select Global Development
Completed
2018
Service charge
AED 23,000 /yr
Last sold
AED 3.45M · July 2024

About 4710, The Residences at Marina Gate 1

4710 is a two-bedroom apartment of 1,325 sqft on the 47th 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 8 July 2024 for AED 3,450,000, or AED 2,603 per sqft, 5% above the AED 2,490 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 19 May 2023, is AED 200,000 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 23,000 a year.

Sales and rents for 4710 over time

Sales
Unit 4710, 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, September 2014: AED 2,659,140 (AED 2,006 per sqft)Sold, March 2017: AED 2,120,000 (AED 1,599 per sqft)Sold, July 2024: AED 3,450,000 (AED 2,603 per sqft)

4710 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4710, each contractTypical two-bed in The Residences at Marina Gate 1
150K200K2018202120242027Typical 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 173,125New contract, June 2019: AED 160,000 a yearRenewal, June 2020: AED 155,250 a yearRenewal, May 2021: AED 155,463 a yearNew contract, May 2022: AED 200,000 a yearRenewal, May 2023: AED 200,000 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 4710 sits

All 160 2-beds →

4710 last sold in July 2024 at AED 2,603 per sqft, 5% above what two-beds in The Residences at Marina Gate 1 were fetching at the time (AED 2,490). 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. 4710's AED 200,000 is in the upper 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
5.0%
The Residences at Marina Gate 1, Dubai Marina: prices, sales and rents →
Value
47013-bedAED 4.6M · Feb 2022
47021-bedAED 2.4M · Aug 2022
47031-bedAED 2.4M · Apr 2022
47043-bedAED 4M · Jul 2018
47052-bedAED 2.02M · Feb 2019
47062-bedAED 2.1M · Feb 2019
47071-bedAED 1.62M · Dec 2014
1–7 of 9

4710, The Residences at Marina Gate 1 in numbers

  • Sold 3 times: first on 30 September 2014 for AED 2,659,140, last on 8 July 2024 for AED 3,450,000 (AED 2,603 per sqft).
  • Rented since June 2019 on 5 Ejari contracts, from AED 160,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2024 price is 5.8%, 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 8 July 2024.

Questions about 4710, The Residences at Marina Gate 1

What did unit 4710 last sell for?

AED 3,450,000 on 8 July 2024: AED 2,603 per sqft for 1,325 sqft. The unit has 3 registered sales; the first was AED 2,659,140 in September 2014.

What is the rent for unit 4710?

AED 200,000 a year on the contract renewed on 19 May 2023. The previous contract, from May 2022, was AED 200,000; the unit has been rented since June 2019.

How big is unit 4710?

1,325 sqft (123.1 sqm): a two-bedroom apartment on the 47th floor of a 50-storey tower completed in 2018.

What is unit 4710 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.

Selling 4710? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 4710, The Residences at Marina Gate 1

Starts from the last sale price (AED 3.45M, 8 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,450,000
Deposit, UAE resident (20%)
AED 690,000
Deposit, non-resident (40%)
AED 1,380,000
Monthly over 25 years at 3.7%
AED 14,115

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