3406, The Residences at Marina Gate 2
Sold prices and rental history: sold once, by the developer in August 2019, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3406, The Residences at Marina Gate 2
What is 3406 worth today?
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Source: Dubai Land Department. Updated 11 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,231 sqft
- Floor
- 34th of 64
- Parking
- L1-71
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 20,900 /yr
- Last sold
- AED 1.88M · August 2019
- Building
- The Residences at Marina Gate 2
About 3406, The Residences at Marina Gate 2
3406 is a two-bedroom apartment of 1,231 sqft on the 34th 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 29 August 2019 for AED 1,882,500, or AED 1,528 per sqft, 22% below the AED 1,953 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 11 November 2024, is AED 121,000 a year: a gross yield of 6.4% on the 2019 price, before the service charge of about AED 20,900 a year.
Sales and rents for 3406 over time
3406 has sold once; the dashed line is the two-bed median of each year in the building.
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 3406 sits
All 178 2-beds →3406 last sold in August 2019 at AED 1,528 per sqft, 22% below what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,953). 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. 3406's AED 121,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Oct 20268 October 2026 | 1,231 sqft | 3,350,000 | 2,720 | ||
| 1 Oct 20261 October 2026 | 2,480 sqft | 8,800,000 | 3,548 | ||
| 7 Jul 20267 July 2026 | 1,229 sqft | 3,100,000 | 2,521 | ||
| 26 Jun 202626 June 2026 | 1,204 sqft | 3,100,000 | 2,575 |
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%
Other units on the 34th floor
All 511 units in The Residences at Marina Gate 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3401 | 2-bed | 1,310 sqft | AED 3.16MAED 3,162,000 · Jan 2015January 2015 | 199,500 /yr | |
| 3402 | 3-bed | 1,634 sqft | AED 3.79MAED 3,786,000 · Apr 2015April 2015 | 318,232 /yr | |
| 3403 | 2-bed | 1,312 sqft | AED 4.4MAED 4,400,000 · Feb 2025February 2025 | 210,000 /yr | |
| 3404 | 1-bed | 827 sqft | AED 2.13MAED 2,130,000 · Apr 2022April 2022 | 120,000 /yr | |
| 3405 | 1-bed | 830 sqft | AED 1.74MAED 1,735,000 · Oct 2017October 2017 | 145,000 /yr | |
| 3407 | 1-bed | 381 sqft | AED 1.45MAED 1,450,000 · Jul 2016July 2016 | 119,358 /yr | |
| 3408 | 1-bed | 763 sqft | AED 1.47MAED 1,470,300 · Jul 2016July 2016 | 100,000 /yr | |
| 3409 | 2-bed | 1,231 sqft | AED 2.56MAED 2,558,000 · Jul 2018July 2018 | 189,000 /yr | |
| 3410 | 1-bed | 830 sqft | AED 1.8MAED 1,797,000 · Jul 2016July 2016 | 140,000 /yr | |
| 3411 | 1-bed | 828 sqft | AED 1.86MAED 1,861,000 · Jan 2015January 2015 | 50,000 /yr |
3406, The Residences at Marina Gate 2 in numbers
- Sold once: by Select Global Development on 29 August 2019 for AED 1,882,500, or AED 1,528 per sqft.
- Rented since October 2019 on 7 Ejari contracts, from AED 135,000 to AED 121,000 a year.
- At AED 121,000 a year the gross yield on the 2019 price is 6.4%, 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 11 November 2024.
Questions about 3406, The Residences at Marina Gate 2
What did unit 3406 last sell for?
AED 1,882,500 on 29 August 2019, sold by the developer: AED 1,528 per sqft for 1,231 sqft. It is the only registered sale of the unit.
What is the rent for unit 3406?
AED 121,000 a year on the contract renewed on 11 November 2024. The previous contract, from November 2024, was AED 121,000; the unit has been rented since October 2019.
How big is unit 3406?
1,231 sqft (114.4 sqm): a two-bedroom apartment on the 34th floor of a 64-storey tower completed in 2019.
What is unit 3406 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 3406, The Residences at Marina Gate 2
Starts from the last sale price (AED 1.88M, 29 August 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,882,500
- Deposit, UAE resident (20%)
- AED 376,500
- Deposit, non-resident (40%)
- AED 753,000
- Monthly over 25 years at 3.7%
- AED 7,702
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →