1401, The Residences at Marina Gate 2
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1401, The Residences at Marina Gate 2
What is 1401 worth today?
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Source: Dubai Land Department. Updated 21 May 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,146 sqft
- Floor
- 14th of 64
- Parking
- L1-57, L1-58
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 36,500 /yr
- Last sold
- AED 6.48M · May 2024
- Building
- The Residences at Marina Gate 2
About 1401, The Residences at Marina Gate 2
1401 is a three-bedroom apartment of 2,146 sqft on the 14th 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 21 May 2024 for AED 6,475,000, or AED 3,017 per sqft, in line with the AED 3,000 three-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 1 August 2023, is AED 230,000 a year: a gross yield of 3.5% on the 2024 price, before the service charge of about AED 36,500 a year.
Sales and rents for 1401 over time
1401 has sold twice; 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 1401 sits
All 96 3-beds →1401 last sold in May 2024 at AED 3,017 per sqft, in line with what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 3,000). 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. 1401's AED 230,000 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 14th floor
All 511 units in The Residences at Marina Gate 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1402 | 3-bed | 1,641 sqft | AED 3.79MAED 3,786,000 · May 2015May 2015 | 265,000 /yr | |
| 1403 | 3-bed | 2,149 sqft | AED 4.55MAED 4,550,000 · Jan 2015January 2015 | 355,000 /yr | |
| 1404 | 1-bed | 828 sqft | AED 1.32MAED 1,324,000 · Dec 2021December 2021 | 148,000 /yr | |
| 1405 | 2-bed | 1,233 sqft | AED 2.4MAED 2,400,000 · Sep 2016September 2016 | 200,000 /yr | |
| 1406 | 1-bed | 618 sqft | AED 1.28MAED 1,275,000 · Jun 2022June 2022 | 110,000 /yr | |
| 1407 | 1-bed | 619 sqft | AED 1.28MAED 1,277,490 · Jan 2015January 2015 | 90,000 /yr | |
| 1408 | 2-bed | 1,233 sqft | AED 2.6MAED 2,598,000 · Oct 2015October 2015 | 175,000 /yr | |
| 1409 | 1-bed | 828 sqft | AED 2.4MAED 2,400,000 · Feb 2025February 2025 | 130,000 /yr |
1401, The Residences at Marina Gate 2 in numbers
- Sold twice: first on 19 February 2015 for AED 4,544,450, last on 21 May 2024 for AED 6,475,000 (AED 3,017 per sqft).
- Rented since September 2019 on 5 Ejari contracts, from AED 220,000 to AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2024 price is 3.5%, 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 21 May 2024.
Questions about 1401, The Residences at Marina Gate 2
What did unit 1401 last sell for?
AED 6,475,000 on 21 May 2024: AED 3,017 per sqft for 2,146 sqft. The unit has 2 registered sales; the first was AED 4,544,450 in February 2015.
What is the rent for unit 1401?
AED 230,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 230,000; the unit has been rented since September 2019.
How big is unit 1401?
2,146 sqft (199.4 sqm): a three-bedroom apartment on the 14th floor of a 64-storey tower completed in 2019.
What is unit 1401 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 1401, The Residences at Marina Gate 2
Starts from the last sale price (AED 6.48M, 21 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,475,000
- Deposit, UAE resident (20%)
- AED 1,295,000
- Deposit, non-resident (40%)
- AED 2,590,000
- Monthly over 25 years at 3.7%
- AED 26,491
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →