3-bed · 1,634 sqftThe Residences at Marina Gate 2, Dubai Marina · 28th floor · completed 2019

2802, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in March 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2802 · DLD and Ejari recordsUpdated 8 March 2022
Last soldAED 3.74M2 March 2020
Current rentAED 170K /yr8 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2802, The Residences at Marina Gate 2

What is 2802 worth today?

Last sold for AED 3,742,000 in 2020

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8 Mar 2022RentedRenewal
AED 170,000/yr10 months · AED 104 per sqft
8 Mar 2021RentedRenewal
AED 170,000/yr12 months · AED 104 per sqft
8 Mar 2020RentedNew contract
AED 175,000/yr12 months · AED 107 per sqft
2 Mar 2020Sold by developerReady
AED 3,742,000AED 2,290 per sqft

Source: Dubai Land Department. Updated 8 March 2022.

Key facts

Type
3-bed apartment
Size
1,634 sqft
Floor
28th of 64
Parking
L5-39, L5-39T
Developer
Select Global Development
Completed
2019
Service charge
AED 27,800 /yr
Last sold
AED 3.74M · March 2020

About 2802, The Residences at Marina Gate 2

2802 is a three-bedroom apartment of 1,634 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. The developer sold it on 2 March 2020 for AED 3,742,000, or AED 2,290 per sqft, 25% above the AED 1,828 three-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 8 March 2022, is AED 170,000 a year: a gross yield of 4.5% on the 2020 price, before the service charge of about AED 27,800 a year.

Sales and rents for 2802 over time

Sales
Unit 2802, each saleTypical three-bed in The Residences at Marina Gate 2
4M6M2015201820212024Typical sale price by year: 2015 AED 4,044,460; 2016 AED 4,060,000; 2017 AED 4,072,500; 2018 AED 4,024,000; 2019 AED 3,477,500; 2020 AED 2,929,150; 2021 AED 3,672,000; 2022 AED 4,350,000; 2023 AED 5,500,000; 2024 AED 6,000,000; 2025 AED 6,550,000Sold by developer, March 2020: AED 3,742,000 (AED 2,290 per sqft)

2802 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2802, each contractTypical three-bed in The Residences at Marina Gate 2
200K300K20192021202320252027Typical rent by year: 2019 AED 200,000; 2020 AED 190,000; 2021 AED 215,000; 2022 AED 250,000; 2023 AED 310,000; 2024 AED 320,000; 2025 AED 330,000; 2026 AED 309,163New contract, March 2020: AED 175,000 a yearRenewal, March 2021: AED 170,000 a yearRenewal, March 2022: AED 170,000 a year

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

3-beds in The Residences at Marina Gate 2, and where 2802 sits

All 96 3-beds →

2802 last sold in March 2020 at AED 2,290 per sqft, 25% above what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,828). Over the last 12 months three-beds sold for AED 4,990,000 to 7,575,000, around AED 3,452 per sqft, and rent for AED 155,000 to 425,000 a year. 2802's AED 170,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Aug 20264,990,000
25 Feb 20265,650,000
19 Dec 20257,100,000
16 Dec 20257,575,000
5 3-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
28012-bedAED 4M · Dec 2022
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

2802, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 2 March 2020 for AED 3,742,000, or AED 2,290 per sqft.
  • Rented since March 2020 on 3 Ejari contracts, from AED 175,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2020 price is 4.5%, before a service charge of about AED 27,800 a year (AED 17.00 per sqft).
  • Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000–7,575,000 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 8 March 2022.

Questions about 2802, The Residences at Marina Gate 2

What did unit 2802 last sell for?

AED 3,742,000 on 2 March 2020, sold by the developer: AED 2,290 per sqft for 1,634 sqft. It is the only registered sale of the unit.

What is the rent for unit 2802?

AED 170,000 a year on the contract renewed on 8 March 2022. The previous contract, from March 2021, was AED 170,000; the unit has been rented since March 2020.

How big is unit 2802?

1,634 sqft (151.8 sqm): a three-bedroom apartment on the 28th floor of a 64-storey tower completed in 2019.

What is unit 2802 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000 to 7,575,000 in the last 12 months, around AED 3,452 per sqft.

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Mortgage on 2802, The Residences at Marina Gate 2

Starts from the last sale price (AED 3.74M, 2 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,742,000
Deposit, UAE resident (20%)
AED 748,400
Deposit, non-resident (40%)
AED 1,496,800
Monthly over 25 years at 3.7%
AED 15,310

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