4007, The Residences at Marina Gate 2
Sold prices and rental history: sold twice, last in October 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 4007, The Residences at Marina Gate 2
What is 4007 worth today?
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Source: Dubai Land Department. Updated 23 October 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 382 sqft
- Floor
- 40th of 64
- Parking
- L4-16
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 6,500 /yr
- Last sold
- AED 588K · October 2019
- Building
- The Residences at Marina Gate 2
About 4007, The Residences at Marina Gate 2
4007 is a one-bedroom apartment of 382 sqft on the 40th 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 16 October 2019 for AED 587,500, or AED 1,539 per sqft, 23% below the AED 1,987 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 23 October 2023, is AED 120,000 a year: a gross yield of 20.4% on the 2019 price, before the service charge of about AED 6,500 a year.
Sales and rents for 4007 over time
4007 has sold twice; the dashed line is the one-bed median of each year in the building.
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 4007 sits
All 232 1-beds →4007 last sold in October 2019 at AED 1,539 per sqft, 23% below what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,987). 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. 4007's AED 120,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Aug 20263 August 2026 | 763 sqft | 1,750,000 | 2,293 | ||
| 31 Jul 202631 July 2026 | 845 sqft | 2,500,000 | 2,959 | ||
| 27 Jul 202627 July 2026 | 618 sqft | 1,650,000 | 2,670 | ||
| 27 Jul 202627 July 2026 | 763 sqft | 35,464 | 46 |
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 40th floor
All 511 units in The Residences at Marina Gate 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4001 | 3-bed | 1,810 sqft | AED 4.13MAED 4,127,000 · Jan 2015January 2015 | ||
| 4002 | 1-bed | 770 sqft | AED 2.98MAED 2,975,000 · Oct 2023October 2023 | 132,500 /yr | |
| 4003 | 1-bed | 770 sqft | AED 1.86MAED 1,860,480 · Jan 2015January 2015 | 175,000 /yr | |
| 4004 | 3-bed | 1,812 sqft | AED 5.2MAED 5,200,000 · Oct 2023October 2023 | 179,000 /yr | |
| 4005 | 2-bed | 1,207 sqft | AED 3.48MAED 3,475,000 · May 2025May 2025 | 215,000 /yr | |
| 4006 | 2-bed | 1,229 sqft | AED 1.88MAED 1,882,500 · Aug 2019August 2019 | 155,000 /yr | |
| 4008 | 1-bed | 762 sqft | AED 1.93MAED 1,930,000 · Mar 2025March 2025 | 89,519 /yr | |
| 4009 | 2-bed | 1,231 sqft | AED 2.54MAED 2,537,000 · Mar 2019March 2019 | 208,877 /yr | |
| 4010 | 2-bed | 1,210 sqft | AED 2.63MAED 2,634,000 · May 2015May 2015 | 198,875 /yr |
4007, The Residences at Marina Gate 2 in numbers
- Sold twice: first on 11 September 2018 for AED 1,532,000, last on 16 October 2019 for AED 587,500 (AED 1,539 per sqft).
- Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 85,000 to AED 72,500 in 2020 and recovered to AED 120,000 by October 2023.
- At AED 120,000 a year the gross yield on the 2019 price is 20.4%, before a service charge of about AED 6,500 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 23 October 2023.
Questions about 4007, The Residences at Marina Gate 2
What did unit 4007 last sell for?
AED 587,500 on 16 October 2019: AED 1,539 per sqft for 382 sqft. The unit has 2 registered sales; the first was AED 1,532,000 in September 2018.
What is the rent for unit 4007?
AED 120,000 a year on the contract signed on 23 October 2023. The previous contract, from November 2022, was AED 92,400; the unit has been rented since November 2019.
How big is unit 4007?
382 sqft (35.5 sqm): a one-bedroom apartment on the 40th floor of a 64-storey tower completed in 2019.
What is unit 4007 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 4007, The Residences at Marina Gate 2
Starts from the last sale price (AED 588K, 16 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 587,500
- Deposit, UAE resident (20%)
- AED 117,500
- Deposit, non-resident (40%)
- AED 235,000
- Monthly over 25 years at 3.7%
- AED 2,404
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →