3-bed · 2,149 sqftThe Residences at Marina Gate 2, Dubai Marina · 10th floor · completed 2019

1003, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in October 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 4 October 2021
Last soldAED 5M4 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, The Residences at Marina Gate 2

What is 1003 worth today?

Last sold for AED 5,000,000 in 2021

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4 Oct 2021SoldReady
AED 5,000,000AED 2,326 per sqft
14 Jan 2015Sold by developerOff-plan
AED 4,532,220AED 2,108 per sqft

Source: Dubai Land Department. Updated 4 October 2021.

Key facts

Type
3-bed apartment
Size
2,149 sqft
Floor
10th of 64
Parking
B2-44, B2-44T
Developer
Select Global Development
Completed
2019
Service charge
AED 36,500 /yr
Last sold
AED 5M · October 2021

About 1003, The Residences at Marina Gate 2

1003 is a three-bedroom apartment of 2,149 sqft on the 10th floor of The Residences at Marina Gate 2, a 64-storey tower in Dubai Marina completed in 2019 by Select Global Development. It last sold on 4 October 2021 for AED 5,000,000, or AED 2,326 per sqft, 13% above the AED 2,053 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical three-bed in The Residences at Marina Gate 2
4M6M2015201820212024Typical sale price by year: 2015 AED 4,044,460; 2016 AED 4,060,000; 2017 AED 4,072,500; 2018 AED 4,024,000; 2019 AED 3,477,500; 2020 AED 2,929,150; 2021 AED 3,672,000; 2022 AED 4,350,000; 2023 AED 5,500,000; 2024 AED 6,000,000; 2025 AED 6,550,000Sold by developer, January 2015: AED 4,532,220 (AED 2,108 per sqft)Sold, October 2021: AED 5,000,000 (AED 2,326 per sqft)

1003 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1003, each contractTypical three-bed in The Residences at Marina Gate 2
200K300K20192021202320252027Typical rent by year: 2019 AED 200,000; 2020 AED 190,000; 2021 AED 215,000; 2022 AED 250,000; 2023 AED 310,000; 2024 AED 320,000; 2025 AED 330,000; 2026 AED 309,163

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

3-beds in The Residences at Marina Gate 2, and where 1003 sits

All 96 3-beds →

1003 last sold in October 2021 at AED 2,326 per sqft, 13% above what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,053). Over the last 12 months three-beds sold for AED 4,990,000 to 7,575,000, around AED 3,452 per sqft, and rent for AED 155,000 to 425,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Aug 20264,990,000
25 Feb 20265,650,000
19 Dec 20257,100,000
16 Dec 20257,575,000
5 3-bed sales in the last 12 months

The Residences at Marina Gate 2

Building

511 apartments, 1-bed to 5-bed over 64 floors in Dubai Marina, completed in 2019 by Select Global Development. 30 sold in the last 12 months.

Typical price per sqft
AED 2,967 Down 5.5%
Typical sale
AED 3.15M
Typical rent
AED 150K /yr
Typical yield
5.3%
The Residences at Marina Gate 2, Dubai Marina: prices, sales and rents →
Value
10013-bedAED 6.4M · Nov 2023
10023-bedAED 3M · Dec 2019
10041-bedAED 1.78M · Mar 2017
10052-bedAED 2.43M · Apr 2018
10061-bedAED 1.55M · May 2026
10071-bedAED 1.57M · Jun 2022
10082-bedAED 2.6M · Jan 2015
1–7 of 8

1003, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 14 January 2015 for AED 4,532,220, last on 4 October 2021 for AED 5,000,000 (AED 2,326 per sqft).
  • Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000–7,575,000 in the 12 months to November 2026; the building's median across all types is AED 2,967 per sqft.

Source: Dubai Land Department. Updated 4 October 2021.

Questions about 1003, The Residences at Marina Gate 2

What did unit 1003 last sell for?

AED 5,000,000 on 4 October 2021: AED 2,326 per sqft for 2,149 sqft. The unit has 2 registered sales; the first was AED 4,532,220 in January 2015.

How big is unit 1003?

2,149 sqft (199.6 sqm): a three-bedroom apartment on the 10th floor of a 64-storey tower completed in 2019.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000 to 7,575,000 in the last 12 months, around AED 3,452 per sqft.

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Mortgage on 1003, The Residences at Marina Gate 2

Starts from the last sale price (AED 5M, 4 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

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