2-bed · 1,207 sqftThe Residences at Marina Gate 2, Dubai Marina · 36th floor · completed 2019

3605, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in April 2015, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3605 · DLD and Ejari recordsUpdated 1 September 2020
Last soldAED 2.54M27 April 2015
Current rentAED 120K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3605, The Residences at Marina Gate 2

What is 3605 worth today?

Last sold for AED 2,544,000 in 2015

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1 Sep 2020RentedNew contract
AED 120,000/yr12 months · AED 100 per sqft
30 Jul 2019RentedNew contract
AED 110,000/yr12 months · AED 91 per sqft
27 Apr 2015Sold by developerOff-plan
AED 2,544,000AED 2,108 per sqft

Source: Dubai Land Department. Updated 1 September 2020.

Key facts

Type
2-bed apartment
Size
1,207 sqft
Floor
36th of 64
Parking
L3-46
Developer
Select Global Development
Completed
2019
Service charge
AED 20,500 /yr
Last sold
AED 2.54M · April 2015

About 3605, The Residences at Marina Gate 2

3605 is a two-bedroom apartment of 1,207 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. The developer sold it on 27 April 2015 for AED 2,544,000, or AED 2,108 per sqft, 10% below the AED 2,349 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 September 2020, is AED 120,000 a year: a gross yield of 4.7% on the 2015 price, before the service charge of about AED 20,500 a year.

Sales and rents for 3605 over time

Sales
Unit 3605, each saleTypical two-bed in The Residences at Marina Gate 2
3M20152018202120242027Typical sale price by year: 2015 AED 2,640,330; 2016 AED 2,535,600; 2017 AED 2,521,000; 2018 AED 2,530,000; 2019 AED 2,417,000; 2020 AED 2,490,000; 2021 AED 2,332,483; 2022 AED 3,000,000; 2023 AED 3,120,000; 2024 AED 3,387,500; 2025 AED 3,437,500; 2026 AED 3,550,000Sold by developer, April 2015: AED 2,544,000 (AED 2,108 per sqft)

3605 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3605, each contractTypical two-bed in The Residences at Marina Gate 2
100K150K200K20192021202320252027Typical rent by year: 2019 AED 135,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 146,750; 2023 AED 180,000; 2024 AED 200,000; 2025 AED 200,000; 2026 AED 195,000New contract, July 2019: AED 110,000 a yearNew contract, September 2020: AED 120,000 a year

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 3605 sits

All 178 2-beds →

3605 last sold in April 2015 at AED 2,108 per sqft, 10% below what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,349). 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. 3605's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20263,350,000
1 Oct 20268,800,000
7 Jul 20263,100,000
26 Jun 20263,100,000
9 2-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
36013-bedAED 1.65M · Nov 2020
36021-bedAED 1.7M · May 2018
36031-bedAED 2.25M · Dec 2022
36043-bedAED 2.2M · Mar 2022
36062-bedAED 1.88M · Aug 2019
36071-bedAED 2M · Jan 2025
36081-bedAED 1.85M · Aug 2024
1–7 of 9

3605, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 27 April 2015 for AED 2,544,000, or AED 2,108 per sqft.
  • Rented since July 2019 on 2 Ejari contracts, from AED 110,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2015 price is 4.7%, before a service charge of about AED 20,500 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 1 September 2020.

Questions about 3605, The Residences at Marina Gate 2

What did unit 3605 last sell for?

AED 2,544,000 on 27 April 2015, sold by the developer: AED 2,108 per sqft for 1,207 sqft. It is the only registered sale of the unit.

What is the rent for unit 3605?

AED 120,000 a year on the contract signed on 1 September 2020. The previous contract, from July 2019, was AED 110,000.

How big is unit 3605?

1,207 sqft (112.1 sqm): a two-bedroom apartment on the 36th floor of a 64-storey tower completed in 2019.

What is unit 3605 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 3605, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.54M, 27 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,544,000
Deposit, UAE resident (20%)
AED 508,800
Deposit, non-resident (40%)
AED 1,017,600
Monthly over 25 years at 3.7%
AED 10,408

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