1-bed · 828 sqftThe Residences at Marina Gate 2, Dubai Marina · 26th floor · completed 2019

2611, The Residences at Marina Gate 2

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

Unit 2611 · DLD and Ejari recordsUpdated 20 July 2024
Last soldAED 1.84M18 August 2015
Current rentAED 97K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2611, The Residences at Marina Gate 2

What is 2611 worth today?

Last sold for AED 1,841,000 in 2015

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20 Jul 2024RentedRenewal
AED 97,000/yr12 months · AED 117 per sqft
20 Jul 2024RentedRenewal
AED 97,000/yr12 months · AED 117 per sqft
20 Jul 2023RentedRenewal
AED 93,000/yr12 months · AED 112 per sqft
20 Jul 2022RentedRenewal
AED 85,000/yr12 months · AED 103 per sqft
20 Jul 2021RentedNew contract
AED 85,000/yr12 months · AED 103 per sqft
19 Jul 2019RentedNew contract
AED 90,000/yr12 months · AED 109 per sqft
18 Aug 2015Sold by developerOff-plan
AED 1,841,000AED 2,224 per sqft

Source: Dubai Land Department. Updated 20 July 2024.

Key facts

Type
1-bed apartment
Size
828 sqft
Floor
26th of 64
Parking
L5-14
Developer
Select Global Development
Completed
2019
Service charge
AED 14,100 /yr
Last sold
AED 1.84M · August 2015

About 2611, The Residences at Marina Gate 2

2611 is a one-bedroom apartment of 828 sqft on the 26th 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 18 August 2015 for AED 1,841,000, or AED 2,224 per sqft, in line with the AED 2,248 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 20 July 2024, is AED 97,000 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 14,100 a year.

Sales and rents for 2611 over time

Sales
Unit 2611, each saleTypical one-bed in The Residences at Marina Gate 2
2M20152018202120242027Typical 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, August 2015: AED 1,841,000 (AED 2,224 per sqft)

2611 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2611, each contractTypical one-bed in The Residences at Marina Gate 2
100K125K20192021202320252027Typical 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, July 2019: AED 90,000 a yearNew contract, July 2021: AED 85,000 a yearRenewal, July 2022: AED 85,000 a yearRenewal, July 2023: AED 93,000 a yearRenewal, July 2024: AED 97,000 a yearRenewal, July 2024: AED 97,000 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 2611 sits

All 232 1-beds →

2611 last sold in August 2015 at AED 2,224 per sqft, in line with what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,248). 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. 2611's AED 97,000 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
26012-bedAED 3.1M · Apr 2015
26023-bedAED 5.5M · Jun 2025
26032-bedAED 3.1M · Feb 2015
26041-bedAED 1.79M · Jan 2015
26051-bedAED 1.76M · Sep 2017
26062-bedAED 2.42M · Apr 2019
26071-bedAED 1.48M · Feb 2015
1–7 of 10

2611, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 18 August 2015 for AED 1,841,000, or AED 2,224 per sqft.
  • Rented since July 2019 on 6 Ejari contracts, from AED 90,000 to AED 97,000 a year.
  • At AED 97,000 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 14,100 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 July 2024.

Questions about 2611, The Residences at Marina Gate 2

What did unit 2611 last sell for?

AED 1,841,000 on 18 August 2015, sold by the developer: AED 2,224 per sqft for 828 sqft. It is the only registered sale of the unit.

What is the rent for unit 2611?

AED 97,000 a year on the contract renewed on 20 July 2024. The previous contract, from July 2024, was AED 97,000; the unit has been rented since July 2019.

How big is unit 2611?

828 sqft (76.9 sqm): a one-bedroom apartment on the 26th floor of a 64-storey tower completed in 2019.

What is unit 2611 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 2611, The Residences at Marina Gate 2

Starts from the last sale price (AED 1.84M, 18 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,841,000
Deposit, UAE resident (20%)
AED 368,200
Deposit, non-resident (40%)
AED 736,400
Monthly over 25 years at 3.7%
AED 7,532

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