2-bed · 1,231 sqftThe Residences at Marina Gate 2, Dubai Marina · 27th floor · completed 2019

2709, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in August 2021, and rented once, from November 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2709 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 2.55M1 August 2021
Current rentAED 140K /yr1 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2709, The Residences at Marina Gate 2

What is 2709 worth today?

Last sold for AED 2,550,000 in 2021

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1 Aug 2021SoldReady
AED 2,550,000AED 2,070 per sqft
1 Nov 2019RentedNew contract
AED 140,000/yr12 months · AED 114 per sqft
7 Mar 2018Sold by developerOff-plan
AED 2,604,000AED 2,114 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
2-bed apartment
Size
1,231 sqft
Floor
27th of 64
Parking
L3-14
Developer
Select Global Development
Completed
2019
Service charge
AED 20,900 /yr
Last sold
AED 2.55M · August 2021

About 2709, The Residences at Marina Gate 2

2709 is a two-bedroom apartment of 1,231 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. It last sold on 1 August 2021 for AED 2,550,000, or AED 2,070 per sqft, 12% above the AED 1,852 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2019. The current contract, signed on 1 November 2019, is AED 140,000 a year: a gross yield of 5.5% on the 2021 price, before the service charge of about AED 20,900 a year.

Sales and rents for 2709 over time

Sales
Unit 2709, 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, March 2018: AED 2,604,000 (AED 2,114 per sqft)Sold, August 2021: AED 2,550,000 (AED 2,070 per sqft)

2709 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2709, 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 195,000New contract, November 2019: AED 140,000 a year

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 2709 sits

All 178 2-beds →

2709 last sold in August 2021 at AED 2,070 per sqft, 12% above what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,852). 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. 2709's AED 140,000 is in the lower half of that range.

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
27032-bedAED 3.13M · May 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
1–7 of 10

2709, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 7 March 2018 for AED 2,604,000, last on 1 August 2021 for AED 2,550,000 (AED 2,070 per sqft).
  • Rented since November 2019 on one Ejari contract, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2021 price is 5.5%, before a service charge of about AED 20,900 a year (AED 17.00 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 1 August 2021.

Questions about 2709, The Residences at Marina Gate 2

What did unit 2709 last sell for?

AED 2,550,000 on 1 August 2021: AED 2,070 per sqft for 1,231 sqft. The unit has 2 registered sales; the first was AED 2,604,000 in March 2018.

What is the rent for unit 2709?

AED 140,000 a year on the contract signed on 1 November 2019.

How big is unit 2709?

1,231 sqft (114.4 sqm): a two-bedroom apartment on the 27th floor of a 64-storey tower completed in 2019.

What is unit 2709 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 2709, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.55M, 1 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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