2-bed · 1,233 sqftThe Residences at Marina Gate 2, Dubai Marina · 15th floor · completed 2019

1508, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in February 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1508 · DLD and Ejari recordsUpdated 22 February 2016
Last soldAED 2.53M22 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1508, The Residences at Marina Gate 2

What is 1508 worth today?

Last sold for AED 2,530,000 in 2016

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22 Feb 2016Sold by developerOff-plan
AED 2,530,000AED 2,051 per sqft

Source: Dubai Land Department. Updated 22 February 2016.

Key facts

Type
2-bed apartment
Size
1,233 sqft
Floor
15th of 64
Parking
B2-66
Developer
Select Global Development
Completed
2019
Service charge
AED 21,000 /yr
Last sold
AED 2.53M · February 2016

About 1508, The Residences at Marina Gate 2

1508 is a two-bedroom apartment of 1,233 sqft on the 15th floor of The Residences at Marina Gate 2, a 64-storey tower in Dubai Marina completed in 2019 by Select Global Development. The developer sold it on 22 February 2016 for AED 2,530,000, or AED 2,051 per sqft, 6% below the AED 2,172 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical two-bed in The Residences at Marina Gate 2
3M20152018202120242027Typical sale price by year: 2015 AED 2,640,330; 2016 AED 2,535,600; 2017 AED 2,521,000; 2018 AED 2,530,000; 2019 AED 2,417,000; 2020 AED 2,490,000; 2021 AED 2,332,483; 2022 AED 3,000,000; 2023 AED 3,120,000; 2024 AED 3,387,500; 2025 AED 3,437,500; 2026 AED 3,550,000Sold by developer, February 2016: AED 2,530,000 (AED 2,051 per sqft)

1508 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1508, each contractTypical two-bed in The Residences at Marina Gate 2
150K200K20192021202320252027Typical rent by year: 2019 AED 135,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 146,750; 2023 AED 180,000; 2024 AED 200,000; 2025 AED 200,000; 2026 AED 195,000

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 2, and where 1508 sits

All 178 2-beds →

1508 last sold in February 2016 at AED 2,051 per sqft, 6% below what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,172). Over the last 12 months two-beds sold for AED 3,100,000 to 8,800,000, around AED 2,883 per sqft, and rent for AED 69,806 to 280,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20263,350,000
1 Oct 20268,800,000
7 Jul 20263,100,000
26 Jun 20263,100,000
9 2-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
15013-bedAED 7.58M · Dec 2025
15023-bedAED 3.79M · Jan 2015
15033-bedAED 4.53M · Jan 2015
15041-bedAED 2.5M · Dec 2023
15052-bedAED 2M · Aug 2021
15061-bedAED 1.32M · Jan 2015
15071-bedAED 1.28M · Jan 2015
1–7 of 8

1508, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 22 February 2016 for AED 2,530,000, or AED 2,051 per sqft.
  • Two-beds in The Residences at Marina Gate 2 sold for AED 3,100,000–8,800,000 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 22 February 2016.

Questions about 1508, The Residences at Marina Gate 2

What did unit 1508 last sell for?

AED 2,530,000 on 22 February 2016, sold by the developer: AED 2,051 per sqft for 1,233 sqft. It is the only registered sale of the unit.

How big is unit 1508?

1,233 sqft (114.5 sqm): a two-bedroom apartment on the 15th floor of a 64-storey tower completed in 2019.

What is unit 1508 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 2 sold for AED 3,100,000 to 8,800,000 in the last 12 months, around AED 2,883 per sqft.

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Mortgage on 1508, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.53M, 22 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,530,000
Deposit, UAE resident (20%)
AED 506,000
Deposit, non-resident (40%)
AED 1,012,000
Monthly over 25 years at 3.7%
AED 10,351

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