2-bed · 1,310 sqftThe Residences at Marina Gate 2, Dubai Marina · 28th floor · completed 2019

2801, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in December 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2801 · DLD and Ejari recordsUpdated 9 December 2022
Last soldAED 4M9 December 2022
Current rentAED 155K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2801, The Residences at Marina Gate 2

What is 2801 worth today?

Last sold for AED 4,000,000 in 2022

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9 Dec 2022SoldReady
AED 4,000,000AED 3,052 per sqft
1 Jul 2020RentedNew contract
AED 155,000/yr12 months · AED 118 per sqft
1 Aug 2019RentedNew contract
AED 167,000/yr12 months · AED 127 per sqft
22 Jan 2015Sold by developerOff-plan
AED 3,095,000AED 2,362 per sqft

Source: Dubai Land Department. Updated 9 December 2022.

Key facts

Type
2-bed apartment
Size
1,310 sqft
Floor
28th of 64
Parking
L3-15
Developer
Select Global Development
Completed
2019
Service charge
AED 22,300 /yr
Last sold
AED 4M · December 2022

About 2801, The Residences at Marina Gate 2

2801 is a two-bedroom apartment of 1,310 sqft on the 28th 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 9 December 2022 for AED 4,000,000, or AED 3,052 per sqft, 34% above the AED 2,274 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 July 2020, is AED 155,000 a year: a gross yield of 3.9% on the 2022 price, before the service charge of about AED 22,300 a year.

Sales and rents for 2801 over time

Sales
Unit 2801, each saleTypical two-bed in The Residences at Marina Gate 2
3M4M20152018202120242027Typical 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, January 2015: AED 3,095,000 (AED 2,362 per sqft)Sold, December 2022: AED 4,000,000 (AED 3,052 per sqft)

2801 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2801, 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, August 2019: AED 167,000 a yearNew contract, July 2020: AED 155,000 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 2801 sits

All 178 2-beds →

2801 last sold in December 2022 at AED 3,052 per sqft, 34% above what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,274). 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. 2801's AED 155,000 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
28023-bedAED 3.74M · Mar 2020
28032-bedAED 3.7M · Jan 2023
28041-bedAED 1.73M · Jun 2016
28051-bedAED 2.4M · Jul 2024
28062-bedAED 2.11M · Mar 2021
28071-bedAED 1.5M · May 2015
28081-bedAED 1.5M · May 2015
1–7 of 10

2801, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 22 January 2015 for AED 3,095,000, last on 9 December 2022 for AED 4,000,000 (AED 3,052 per sqft).
  • Rented since August 2019 on 2 Ejari contracts, from AED 167,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2022 price is 3.9%, before a service charge of about AED 22,300 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 9 December 2022.

Questions about 2801, The Residences at Marina Gate 2

What did unit 2801 last sell for?

AED 4,000,000 on 9 December 2022: AED 3,052 per sqft for 1,310 sqft. The unit has 2 registered sales; the first was AED 3,095,000 in January 2015.

What is the rent for unit 2801?

AED 155,000 a year on the contract signed on 1 July 2020. The previous contract, from August 2019, was AED 167,000.

How big is unit 2801?

1,310 sqft (121.7 sqm): a two-bedroom apartment on the 28th floor of a 64-storey tower completed in 2019.

What is unit 2801 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 2801, The Residences at Marina Gate 2

Starts from the last sale price (AED 4M, 9 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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