2-bed · 1,312 sqftThe Residences at Marina Gate 2, Dubai Marina · 27th floor · completed 2019

2703, The Residences at Marina Gate 2

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

Unit 2703 · DLD and Ejari recordsUpdated 12 May 2015
Last soldAED 3.13M12 May 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2703, The Residences at Marina Gate 2

What is 2703 worth today?

Last sold for AED 3,133,350 in 2015

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12 May 2015Sold by developerOff-plan
AED 3,133,350AED 2,387 per sqft

Source: Dubai Land Department. Updated 12 May 2015.

Key facts

Type
2-bed apartment
Size
1,312 sqft
Floor
27th of 64
Parking
L3-13
Developer
Select Global Development
Completed
2019
Service charge
AED 22,300 /yr
Last sold
AED 3.13M · May 2015

About 2703, The Residences at Marina Gate 2

2703 is a two-bedroom apartment of 1,312 sqft on the 27th 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 12 May 2015 for AED 3,133,350, or AED 2,387 per sqft, in line with the AED 2,338 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2703 over time

Sales
Unit 2703, each saleTypical two-bed in The Residences at Marina Gate 2
3M20152018202120242027Typical sale price by year: 2015 AED 2,640,330; 2016 AED 2,535,600; 2017 AED 2,521,000; 2018 AED 2,530,000; 2019 AED 2,417,000; 2020 AED 2,490,000; 2021 AED 2,332,483; 2022 AED 3,000,000; 2023 AED 3,120,000; 2024 AED 3,387,500; 2025 AED 3,437,500; 2026 AED 3,550,000Sold by developer, May 2015: AED 3,133,350 (AED 2,387 per sqft)

2703 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2703, each contractTypical two-bed in The Residences at Marina Gate 2
150K200K20192021202320252027Typical rent by year: 2019 AED 135,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 146,750; 2023 AED 180,000; 2024 AED 200,000; 2025 AED 200,000; 2026 AED 195,000

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

2-beds in The Residences at Marina Gate 2, and where 2703 sits

All 178 2-beds →

2703 last sold in May 2015 at AED 2,387 per sqft, in line with what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,338). Over the last 12 months two-beds sold for AED 3,100,000 to 8,800,000, around AED 2,883 per sqft, and rent for AED 69,806 to 280,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20263,350,000
1 Oct 20268,800,000
7 Jul 20263,100,000
26 Jun 20263,100,000
9 2-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
27012-bedAED 3.16M · Jan 2015
27023-bedAED 3.79M · Feb 2015
27041-bedAED 1.79M · Feb 2015
27051-bedAED 1.83M · Mar 2018
27062-bedAED 1.88M · Aug 2019
27071-bedAED 1.5M · Mar 2022
27081-bedAED 35K · Jul 2026
1–7 of 10

2703, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 12 May 2015 for AED 3,133,350, or AED 2,387 per sqft.
  • Two-beds in The Residences at Marina Gate 2 sold for AED 3,100,000–8,800,000 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 12 May 2015.

Questions about 2703, The Residences at Marina Gate 2

What did unit 2703 last sell for?

AED 3,133,350 on 12 May 2015, sold by the developer: AED 2,387 per sqft for 1,312 sqft. It is the only registered sale of the unit.

How big is unit 2703?

1,312 sqft (121.9 sqm): a two-bedroom apartment on the 27th floor of a 64-storey tower completed in 2019.

What is unit 2703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences at Marina Gate 2 sold for AED 3,100,000 to 8,800,000 in the last 12 months, around AED 2,883 per sqft.

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Mortgage on 2703, The Residences at Marina Gate 2

Starts from the last sale price (AED 3.13M, 12 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,133,350
Deposit, UAE resident (20%)
AED 626,670
Deposit, non-resident (40%)
AED 1,253,340
Monthly over 25 years at 3.7%
AED 12,820

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