1201, The Residences at Marina Gate 2
Sold prices and rental history: sold 3 times, last in October 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1201, The Residences at Marina Gate 2
What is 1201 worth today?
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Source: Dubai Land Department. Updated 25 October 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,146 sqft
- Floor
- 12th of 64
- Parking
- M-59, M-60
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 36,500 /yr
- Last sold
- AED 5M · October 2023
- Building
- The Residences at Marina Gate 2
About 1201, The Residences at Marina Gate 2
1201 is a three-bedroom apartment of 2,146 sqft on the 12th 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 25 October 2023 for AED 5,000,000, or AED 2,330 per sqft, 9% below the AED 2,567 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 15 July 2022, is AED 240,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 36,500 a year.
Sales and rents for 1201 over time
1201 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 1201 sits
All 96 3-beds →1201 last sold in October 2023 at AED 2,330 per sqft, 9% below what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,567). 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. 1201's AED 240,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Aug 202610 August 2026 | 1,812 sqft | 4,990,000 | 2,754 | ||
| 25 Feb 202625 February 2026 | 1,636 sqft | 5,650,000 | 3,452 | ||
| 19 Dec 202519 December 2025 | 2,261 sqft | 7,100,000 | 3,139 | ||
| 16 Dec 202516 December 2025 | 2,146 sqft | 7,575,000 | 3,530 |
The Residences at Marina Gate 2
Building511 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%
Other units on the 12th floor
All 511 units in The Residences at Marina Gate 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1202 | 3-bed | 1,641 sqft | AED 3.67MAED 3,672,420 · May 2015May 2015 | 250,000 /yr | |
| 1203 | 3-bed | 2,149 sqft | AED 7.3MAED 7,300,000 · Jul 2023July 2023 | 185,000 /yr | |
| 1204 | 1-bed | 828 sqft | AED 1.52MAED 1,520,000 · Aug 2021August 2021 | 140,000 /yr | |
| 1205 | 2-bed | 1,233 sqft | AED 4.05MAED 4,050,000 · Sep 2024September 2024 | 135,000 /yr | |
| 1206 | 1-bed | 618 sqft | AED 2.08MAED 2,075,000 · Jun 2026June 2026 | 10,000 /yr | |
| 1207 | 1-bed | 619 sqft | AED 1.29MAED 1,290,000 · Jan 2015January 2015 | 100,000 /yr | |
| 1208 | 2-bed | 1,233 sqft | AED 2.51MAED 2,505,000 · Mar 2019March 2019 | 200,000 /yr | |
| 1209 | 1-bed | 828 sqft | AED 1.8MAED 1,796,440 · Jan 2015January 2015 | 118,000 /yr |
1201, The Residences at Marina Gate 2 in numbers
- Sold 3 times: first on 15 January 2015 for AED 4,544,450, last on 25 October 2023 for AED 5,000,000 (AED 2,330 per sqft).
- Rented since September 2019 on 3 Ejari contracts, from AED 225,000 to AED 240,000 a year.
- At AED 240,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 36,500 a year (AED 17.00 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 25 October 2023.
Questions about 1201, The Residences at Marina Gate 2
What did unit 1201 last sell for?
AED 5,000,000 on 25 October 2023: AED 2,330 per sqft for 2,146 sqft. The unit has 3 registered sales; the first was AED 4,544,450 in January 2015.
What is the rent for unit 1201?
AED 240,000 a year on the contract renewed on 15 July 2022. The previous contract, from July 2021, was AED 230,000; the unit has been rented since September 2019.
How big is unit 1201?
2,146 sqft (199.4 sqm): a three-bedroom apartment on the 12th floor of a 64-storey tower completed in 2019.
What is unit 1201 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 1201, The Residences at Marina Gate 2
Starts from the last sale price (AED 5M, 25 October 2023). 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 →