304, The Residences at Marina Gate 2
Sold prices and rental history: sold twice, last in May 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 304, The Residences at Marina Gate 2
What is 304 worth today?
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Source: Dubai Land Department. Updated 9 May 2022.
Key facts
- Type
- 4-bed apartment
- Size
- 5,078 sqft
- Parking
- M-26, M-27
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 86,300 /yr
- Last sold
- AED 12.9M · May 2022
- Building
- The Residences at Marina Gate 2
About 304, The Residences at Marina Gate 2
304 is a four-bedroom apartment of 5,078 sqft 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 2022 for AED 12,900,000, or AED 2,540 per sqft, 12% above the AED 2,258 four-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 15 April 2022, is AED 448,393 a year: a gross yield of 3.5% on the 2022 price, before the service charge of about AED 86,300 a year.
Sales and rents for 304 over time
304 has sold twice; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in The Residences at Marina Gate 2, and where 304 sits
All 12 4-beds →304 last sold in May 2022 at AED 2,540 per sqft, 12% above what four-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,258).
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Aug 202324 August 2023 | 5,791 sqft | 16,000,000 | 2,762 | ||
| 19 Jul 202319 July 2023 | 4,642 sqft | 13,000,000 | 2,800 | ||
| 8 May 20238 May 2023 | 4,429 sqft | 15,000,000 | 3,387 | ||
| 29 Sep 202229 September 2022 | 11,663 sqft | 38,000,000 | 3,258 |
The Residences at Marina Gate 2
Building511 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%
304, The Residences at Marina Gate 2 in numbers
- Sold twice: first on 18 February 2015 for AED 10,900,000, last on 9 May 2022 for AED 12,900,000 (AED 2,540 per sqft).
- Rented since March 2020 on 3 Ejari contracts, from AED 375,000 to AED 448,393 a year.
- At AED 448,393 a year the gross yield on the 2022 price is 3.5%, before a service charge of about AED 86,300 a year (AED 17.00 per sqft).
Source: Dubai Land Department. Updated 9 May 2022.
Questions about 304, The Residences at Marina Gate 2
What did unit 304 last sell for?
AED 12,900,000 on 9 May 2022: AED 2,540 per sqft for 5,078 sqft. The unit has 2 registered sales; the first was AED 10,900,000 in February 2015.
What is the rent for unit 304?
AED 448,393 a year on the contract renewed on 15 April 2022. The previous contract, from April 2021, was AED 360,000; the unit has been rented since March 2020.
How big is unit 304?
5,078 sqft (471.8 sqm): a four-bedroom apartment of a 64-storey tower completed in 2019.
What is unit 304 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 304, The Residences at Marina Gate 2
Starts from the last sale price (AED 12.9M, 9 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 12,900,000
- Deposit, UAE resident (20%)
- AED 2,580,000
- Deposit, non-resident (40%)
- AED 5,160,000
- Monthly over 25 years at 3.7%
- AED 52,778
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →