1-bed · 763 sqftThe Residences at Marina Gate 2, Dubai Marina · 29th floor · completed 2019

2907, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2907 · DLD and Ejari recordsUpdated 9 May 2024
Last soldAED 2.01M9 May 2024
Current rentAED 95K /yr27 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2907, The Residences at Marina Gate 2

What is 2907 worth today?

Last sold for AED 2,010,000 in 2024

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9 May 2024SoldReady
AED 2,010,000AED 2,634 per sqft
27 Feb 2023RentedRenewal
AED 95,000/yr12 months · AED 124 per sqft
27 Feb 2022RentedNew contract
AED 95,000/yr12 months · AED 124 per sqft
9 Aug 2021RentedRenewal
AED 82,000/yr12 months · AED 107 per sqft
9 Aug 2020RentedRenewal
AED 82,000/yr12 months · AED 107 per sqft
9 Aug 2019RentedNew contract
AED 82,000/yr12 months · AED 107 per sqft
8 Mar 2016Sold by developerOff-plan
AED 1,480,000AED 1,940 per sqft

Source: Dubai Land Department. Updated 9 May 2024.

Key facts

Type
1-bed apartment
Size
763 sqft
Floor
29th of 64
Parking
L5-29
Developer
Select Global Development
Completed
2019
Service charge
AED 13,000 /yr
Last sold
AED 2.01M · May 2024

About 2907, The Residences at Marina Gate 2

2907 is a one-bedroom apartment of 763 sqft on the 29th 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 May 2024 for AED 2,010,000, or AED 2,634 per sqft, 4% below the AED 2,741 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 27 February 2023, is AED 95,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 13,000 a year.

Sales and rents for 2907 over time

Sales
Unit 2907, 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, March 2016: AED 1,480,000 (AED 1,940 per sqft)Sold, May 2024: AED 2,010,000 (AED 2,634 per sqft)

2907 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2907, each contractTypical one-bed in The Residences at Marina Gate 2
75K100K125K20192021202320252027Typical 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, August 2019: AED 82,000 a yearRenewal, August 2020: AED 82,000 a yearRenewal, August 2021: AED 82,000 a yearNew contract, February 2022: AED 95,000 a yearRenewal, February 2023: AED 95,000 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 2907 sits

All 232 1-beds →

2907 last sold in May 2024 at AED 2,634 per sqft, 4% below what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,741). 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 180,000 a year. 2907's AED 95,000 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
29012-bedAED 4.15M · Aug 2025
29023-bedAED 5.7M · Mar 2024
29032-bedAED 3.1M · Jan 2015
29041-bedAED 1.77M · Apr 2016
29051-bedAED 1.73M · Mar 2017
29062-bedAED 1.88M · Aug 2019
29081-bedAED 1.45M · Apr 2016
1–7 of 10

2907, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 8 March 2016 for AED 1,480,000, last on 9 May 2024 for AED 2,010,000 (AED 2,634 per sqft).
  • Rented since August 2019 on 5 Ejari contracts, from AED 82,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 13,000 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 9 May 2024.

Questions about 2907, The Residences at Marina Gate 2

What did unit 2907 last sell for?

AED 2,010,000 on 9 May 2024: AED 2,634 per sqft for 763 sqft. The unit has 2 registered sales; the first was AED 1,480,000 in March 2016.

What is the rent for unit 2907?

AED 95,000 a year on the contract renewed on 27 February 2023. The previous contract, from February 2022, was AED 95,000; the unit has been rented since August 2019.

How big is unit 2907?

763 sqft (70.9 sqm): a one-bedroom apartment on the 29th floor of a 64-storey tower completed in 2019.

What is unit 2907 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 2907, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.01M, 9 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,010,000
Deposit, UAE resident (20%)
AED 402,000
Deposit, non-resident (40%)
AED 804,000
Monthly over 25 years at 3.7%
AED 8,224

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