3-bed · 1,636 sqftThe Residences at Marina Gate 2, Dubai Marina · 17th floor · completed 2019

1702, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in January 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1702 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 3.75M21 January 2015
Current rentAED 200K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1702, The Residences at Marina Gate 2

What is 1702 worth today?

Last sold for AED 3,748,140 in 2015

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1 Sep 2022RentedRenewal
AED 200,000/yr12 months · AED 122 per sqft
1 Sep 2021RentedRenewal
AED 175,000/yr12 months · AED 107 per sqft
1 Sep 2020RentedRenewal
AED 175,000/yr12 months · AED 107 per sqft
1 Sep 2019RentedNew contract
AED 189,000/yr12 months · AED 116 per sqft
21 Jan 2015Sold by developerOff-plan
AED 3,748,140AED 2,290 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
3-bed apartment
Size
1,636 sqft
Floor
17th of 64
Parking
B2-09, B2-10
Developer
Select Global Development
Completed
2019
Service charge
AED 27,800 /yr
Last sold
AED 3.75M · January 2015

About 1702, The Residences at Marina Gate 2

1702 is a three-bedroom apartment of 1,636 sqft on the 17th 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 21 January 2015 for AED 3,748,140, or AED 2,290 per sqft, 8% above the AED 2,119 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 200,000 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 27,800 a year.

Sales and rents for 1702 over time

Sales
Unit 1702, 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 3,748,140 (AED 2,290 per sqft)

1702 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1702, 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 309,163New contract, September 2019: AED 189,000 a yearRenewal, September 2020: AED 175,000 a yearRenewal, September 2021: AED 175,000 a yearRenewal, September 2022: AED 200,000 a year

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 1702 sits

All 96 3-beds →

1702 last sold in January 2015 at AED 2,290 per sqft, 8% above what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,119). 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. 1702's AED 200,000 is in the lower half of that range.

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
17012-bedAED 1.71M · Apr 2015
17032-bedAED 4.1M · Feb 2024
17041-bedAED 2.5M · Jan 2025
17051-bedAED 2.45M · Nov 2025
17062-bedAED 2.38M · Apr 2016
17071-bedAED 1.65M · Jul 2026
17081-bedAED 1.58M · Apr 2023
1–7 of 10

1702, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 21 January 2015 for AED 3,748,140, or AED 2,290 per sqft.
  • Rented since September 2019 on 4 Ejari contracts, from AED 189,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 27,800 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 1 September 2022.

Questions about 1702, The Residences at Marina Gate 2

What did unit 1702 last sell for?

AED 3,748,140 on 21 January 2015, sold by the developer: AED 2,290 per sqft for 1,636 sqft. It is the only registered sale of the unit.

What is the rent for unit 1702?

AED 200,000 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 175,000; the unit has been rented since September 2019.

How big is unit 1702?

1,636 sqft (152.0 sqm): a three-bedroom apartment on the 17th floor of a 64-storey tower completed in 2019.

What is unit 1702 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 1702, The Residences at Marina Gate 2

Starts from the last sale price (AED 3.75M, 21 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,748,140
Deposit, UAE resident (20%)
AED 749,628
Deposit, non-resident (40%)
AED 1,499,256
Monthly over 25 years at 3.7%
AED 15,335

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