2408, The Residences at Marina Gate 2
Sold prices and rental history: sold twice, last in October 2022, 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 2408, The Residences at Marina Gate 2
What is 2408 worth today?
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Source: Dubai Land Department. Updated 10 October 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 763 sqft
- Floor
- 24th of 64
- Parking
- L6-65
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 13,000 /yr
- Last sold
- AED 1.45M · October 2022
- Building
- The Residences at Marina Gate 2
About 2408, The Residences at Marina Gate 2
2408 is a one-bedroom apartment of 763 sqft on the 24th 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 4 October 2022 for AED 1,445,000, or AED 1,893 per sqft, 13% below the AED 2,176 one-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 10 October 2022, is AED 72,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 13,000 a year.
Sales and rents for 2408 over time
2408 has sold twice; the dashed line is the one-bed median of each year in the building.
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 2408 sits
All 232 1-beds →2408 last sold in October 2022 at AED 1,893 per sqft, 13% below what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,176). 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 180,000 a year. 2408's AED 72,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Aug 20263 August 2026 | 763 sqft | 1,750,000 | 2,293 | ||
| 31 Jul 202631 July 2026 | 845 sqft | 2,500,000 | 2,959 | ||
| 27 Jul 202627 July 2026 | 618 sqft | 1,650,000 | 2,670 | ||
| 27 Jul 202627 July 2026 | 763 sqft | 35,464 | 46 |
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 24th floor
All 511 units in The Residences at Marina Gate 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,309 sqft | AED 3.1MAED 3,098,000 · Apr 2015April 2015 | 215,000 /yr | |
| 2402 | 3-bed | 1,634 sqft | AED 5.8MAED 5,800,000 · Dec 2024December 2024 | 320,000 /yr | |
| 2403 | 2-bed | 1,311 sqft | AED 3.1MAED 3,095,000 · Apr 2015April 2015 | 220,000 /yr | |
| 2404 | 1-bed | 829 sqft | AED 1.77MAED 1,767,090 · Jan 2015January 2015 | 140,000 /yr | |
| 2405 | 1-bed | 830 sqft | AED 1.81MAED 1,808,000 · Oct 2017October 2017 | 120,000 /yr | |
| 2406 | 2-bed | 1,231 sqft | AED 1.88MAED 1,882,500 · Aug 2019August 2019 | 155,000 /yr | |
| 2407 | 1-bed | 763 sqft | AED 1.49MAED 1,485,380 · Feb 2015February 2015 | 100,000 /yr | |
| 2409 | 2-bed | 1,231 sqft | AED 2.21MAED 2,207,040 · Jan 2021January 2021 | 189,000 /yr | |
| 2410 | 1-bed | 830 sqft | AED 2.55MAED 2,550,000 · Jan 2025January 2025 | 200,000 /yr | |
| 2411 | 1-bed | 829 sqft | AED 1.85MAED 1,845,000 · May 2015May 2015 |
2408, The Residences at Marina Gate 2 in numbers
- Sold twice: first on 15 February 2015 for AED 1,508,000, last on 4 October 2022 for AED 1,445,000 (AED 1,893 per sqft).
- Rented since September 2019 on 5 Ejari contracts, from AED 80,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 13,000 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 10 October 2022.
Questions about 2408, The Residences at Marina Gate 2
What did unit 2408 last sell for?
AED 1,445,000 on 4 October 2022: AED 1,893 per sqft for 763 sqft. The unit has 2 registered sales; the first was AED 1,508,000 in February 2015.
What is the rent for unit 2408?
AED 72,000 a year on the contract renewed on 10 October 2022. The previous contract, from October 2022, was AED 72,000; the unit has been rented since September 2019.
How big is unit 2408?
763 sqft (70.9 sqm): a one-bedroom apartment on the 24th floor of a 64-storey tower completed in 2019.
What is unit 2408 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 2408, The Residences at Marina Gate 2
Starts from the last sale price (AED 1.45M, 4 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,445,000
- Deposit, UAE resident (20%)
- AED 289,000
- Deposit, non-resident (40%)
- AED 578,000
- Monthly over 25 years at 3.7%
- AED 5,912
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →