3-bed · 1,810 sqftThe Residences at Marina Gate 2, Dubai Marina · 36th floor · completed 2019

3601, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in November 2020, and rented once, from October 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3601 · DLD and Ejari recordsUpdated 1 November 2020
Last soldAED 1.65M1 November 2020
Current rentAED 175K /yr17 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3601, The Residences at Marina Gate 2

What is 3601 worth today?

Last sold for AED 1,650,000 in 2020

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1 Nov 2020SoldReady
AED 1,650,000AED 911 per sqft
17 Oct 2019RentedNew contract
AED 175,000/yr12 months · AED 97 per sqft
12 May 2015Sold by developerOff-plan
AED 4,044,460AED 2,234 per sqft

Source: Dubai Land Department. Updated 1 November 2020.

Key facts

Type
3-bed apartment
Size
1,810 sqft
Floor
36th of 64
Parking
L4-42, L4-42T
Developer
Select Global Development
Completed
2019
Service charge
AED 30,800 /yr
Last sold
AED 1.65M · November 2020

About 3601, The Residences at Marina Gate 2

3601 is a three-bedroom apartment of 1,810 sqft on the 36th 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 1 November 2020 for AED 1,650,000, or AED 911 per sqft, 47% below the AED 1,735 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 October 2019. The current contract, signed on 17 October 2019, is AED 175,000 a year: a gross yield of 10.6% on the 2020 price, before the service charge of about AED 30,800 a year.

Sales and rents for 3601 over time

Sales
Unit 3601, each saleTypical three-bed in The Residences at Marina Gate 2
2.5M5M2015201820212024Typical 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, May 2015: AED 4,044,460 (AED 2,234 per sqft)Sold, November 2020: AED 1,650,000 (AED 911 per sqft)

3601 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3601, 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, October 2019: AED 175,000 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 3601 sits

All 96 3-beds →

3601 last sold in November 2020 at AED 911 per sqft, 47% below what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,735). 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. 3601's AED 175,000 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
36021-bedAED 1.7M · May 2018
36031-bedAED 2.25M · Dec 2022
36043-bedAED 2.2M · Mar 2022
36052-bedAED 2.54M · Apr 2015
36062-bedAED 1.88M · Aug 2019
36071-bedAED 2M · Jan 2025
36081-bedAED 1.85M · Aug 2024
1–7 of 9

3601, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 12 May 2015 for AED 4,044,460, last on 1 November 2020 for AED 1,650,000 (AED 911 per sqft).
  • Rented since October 2019 on one Ejari contract, at AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2020 price is 10.6%, before a service charge of about AED 30,800 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 1 November 2020.

Questions about 3601, The Residences at Marina Gate 2

What did unit 3601 last sell for?

AED 1,650,000 on 1 November 2020: AED 911 per sqft for 1,810 sqft. The unit has 2 registered sales; the first was AED 4,044,460 in May 2015.

What is the rent for unit 3601?

AED 175,000 a year on the contract signed on 17 October 2019.

How big is unit 3601?

1,810 sqft (168.2 sqm): a three-bedroom apartment on the 36th floor of a 64-storey tower completed in 2019.

What is unit 3601 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 3601, The Residences at Marina Gate 2

Starts from the last sale price (AED 1.65M, 1 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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