3-bed · 2,146 sqftThe Residences at Marina Gate 2, Dubai Marina · 16th floor · completed 2019

1601, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in January 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 14 January 2015
Last soldAED 4.55M14 January 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, The Residences at Marina Gate 2

What is 1601 worth today?

Last sold for AED 4,550,000 in 2015

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14 Jan 2015Sold by developerOff-plan
AED 4,550,000AED 2,120 per sqft

Source: Dubai Land Department. Updated 14 January 2015.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
16th of 64
Parking
B2-03, B2-04
Developer
Select Global Development
Completed
2019
Service charge
AED 36,500 /yr
Last sold
AED 4.55M · January 2015

About 1601, The Residences at Marina Gate 2

1601 is a three-bedroom apartment of 2,146 sqft on the 16th 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 14 January 2015 for AED 4,550,000, or AED 2,120 per sqft, in line with the AED 2,120 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1601 over time

Sales
Unit 1601, 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 4,550,000 (AED 2,120 per sqft)

1601 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1601, 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 1601 sits

All 96 3-beds →

1601 last sold in January 2015 at AED 2,120 per sqft, in line with what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,120). 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
16023-bedAED 3.79M · Feb 2015
16033-bedAED 4.55M · Jan 2015
16041-bedAED 1.8M · Aug 2022
16052-bedAED 2.33M · Feb 2019
16061-bedAED 860K · Aug 2020
16071-bedAED 1.4M · Jul 2022
16082-bedAED 2.53M · May 2016
1–7 of 8

1601, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 14 January 2015 for AED 4,550,000, or AED 2,120 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 14 January 2015.

Questions about 1601, The Residences at Marina Gate 2

What did unit 1601 last sell for?

AED 4,550,000 on 14 January 2015, sold by the developer: AED 2,120 per sqft for 2,146 sqft. It is the only registered sale of the unit.

How big is unit 1601?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 16th floor of a 64-storey tower completed in 2019.

What is unit 1601 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 1601, The Residences at Marina Gate 2

Starts from the last sale price (AED 4.55M, 14 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,550,000
Deposit, UAE resident (20%)
AED 910,000
Deposit, non-resident (40%)
AED 1,820,000
Monthly over 25 years at 3.7%
AED 18,615

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