1-bed · 619 sqftThe Residences at Marina Gate 2, Dubai Marina · 18th floor · completed 2019

1808, The Residences at Marina Gate 2

Sold prices and rental history: sold 5 times, last in November 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1808 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 2M20 November 2024
Current rentAED 110K /yr15 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1808, The Residences at Marina Gate 2

What is 1808 worth today?

Last sold for AED 2,000,000 in 2024

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20 Nov 2024SoldReady
AED 2,000,000AED 3,230 per sqft
15 Aug 2023RentedNew contract
AED 110,000/yr12 months · AED 176 per sqft
5 Jun 2023SoldReady
AED 1,470,000AED 2,374 per sqft
15 Aug 2022RentedNew contract
AED 95,000/yr12 months · AED 152 per sqft
31 Jan 2021SoldReady
AED 950,000AED 1,534 per sqft
1 Sep 2020RentedNew contract
AED 60,000/yr13 months · AED 97 per sqft
21 Nov 2019SoldReady
AED 1,000,000AED 1,615 per sqft
1 Sep 2019RentedNew contract
AED 75,000/yr12 months · AED 120 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
1-bed apartment
Size
619 sqft
Floor
18th of 64
Parking
L6-37
Developer
Select Global Development
Completed
2019
Service charge
AED 10,500 /yr
Last sold
AED 2M · November 2024

About 1808, The Residences at Marina Gate 2

1808 is a one-bedroom apartment of 619 sqft on the 18th 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 20 November 2024 for AED 2,000,000, or AED 3,230 per sqft, 13% above the AED 2,870 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 15 August 2023, is AED 110,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1808 over time

Sales
Unit 1808, each saleTypical one-bed in The Residences at Marina Gate 2
1M2M20152018202120242027Typical sale price by year: 2015 AED 1,852,000; 2016 AED 1,771,000; 2017 AED 1,750,000; 2018 AED 1,514,500; 2019 AED 1,502,500; 2020 AED 1,300,000; 2021 AED 1,417,875; 2022 AED 1,810,000; 2023 AED 2,050,000; 2024 AED 2,100,000; 2025 AED 2,450,000; 2026 AED 2,150,000Sold by developer, June 2015: AED 1,322,000 (AED 2,135 per sqft)Sold, November 2019: AED 1,000,000 (AED 1,615 per sqft)Sold, January 2021: AED 950,000 (AED 1,534 per sqft)Sold, June 2023: AED 1,470,000 (AED 2,374 per sqft)Sold, November 2024: AED 2,000,000 (AED 3,230 per sqft)

1808 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1808, each contractTypical one-bed in The Residences at Marina Gate 2
50K100K20192021202320252027Typical rent by year: 2019 AED 90,000; 2020 AED 85,000; 2021 AED 87,172; 2022 AED 100,000; 2023 AED 125,000; 2024 AED 133,100; 2025 AED 135,500; 2026 AED 120,750New contract, September 2019: AED 75,000 a yearNew contract, September 2020: AED 60,000 a yearNew contract, August 2022: AED 95,000 a yearNew contract, August 2023: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Residences at Marina Gate 2, and where 1808 sits

All 232 1-beds →

1808 last sold in November 2024 at AED 3,230 per sqft, 13% above what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,870). Over the last 12 months one-beds sold for AED 1,550,000 to 3,500,000, around AED 2,959 per sqft, and rent for AED 50,000 to 175,000 a year. 1808's AED 110,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Aug 20261,750,000
31 Jul 20262,500,000
27 Jul 20261,650,000
27 Jul 202635,464
16 1-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
18012-bedAED 3.07M · Jan 2015
18023-bedAED 3.79M · Jan 2015
18032-bedAED 3.05M · Dec 2015
18041-bedAED 1.77M · Nov 2016
18051-bedAED 1.74M · Nov 2017
18062-bedAED 3.6M · May 2024
18071-bedAED 950K · May 2020
1–7 of 10

1808, The Residences at Marina Gate 2 in numbers

  • Sold 5 times: first on 9 June 2015 for AED 1,322,000, last on 20 November 2024 for AED 2,000,000 (AED 3,230 per sqft).
  • Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 75,000 to AED 60,000 in 2020 and recovered to AED 110,000 by August 2023.
  • At AED 110,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 10,500 a year (AED 17.00 per sqft).
  • One-beds in The Residences at Marina Gate 2 sold for AED 1,550,000–3,500,000 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 20 November 2024.

Questions about 1808, The Residences at Marina Gate 2

What did unit 1808 last sell for?

AED 2,000,000 on 20 November 2024: AED 3,230 per sqft for 619 sqft. The unit has 5 registered sales; the first was AED 1,322,000 in June 2015.

What is the rent for unit 1808?

AED 110,000 a year on the contract signed on 15 August 2023. The previous contract, from August 2022, was AED 95,000; the unit has been rented since September 2019.

How big is unit 1808?

619 sqft (57.5 sqm): a one-bedroom apartment on the 18th floor of a 64-storey tower completed in 2019.

What is unit 1808 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences at Marina Gate 2 sold for AED 1,550,000 to 3,500,000 in the last 12 months, around AED 2,959 per sqft.

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Mortgage on 1808, The Residences at Marina Gate 2

Starts from the last sale price (AED 2M, 20 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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