2-bed · 1,231 sqftThe Residences at Marina Gate 2, Dubai Marina · 41st floor · completed 2019

4109, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in July 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4109 · DLD and Ejari recordsUpdated 1 November 2021
Last soldAED 2.53M2 July 2018
Current rentAED 135K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4109, The Residences at Marina Gate 2

What is 4109 worth today?

Last sold for AED 2,525,000 in 2018

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1 Nov 2021RentedNew contract
AED 135,000/yr12 months · AED 110 per sqft
1 Nov 2020RentedRenewal
AED 120,000/yr12 months · AED 98 per sqft
1 Nov 2019RentedNew contract
AED 135,000/yr12 months · AED 110 per sqft
2 Jul 2018Sold by developerOff-plan
AED 2,525,000AED 2,050 per sqft

Source: Dubai Land Department. Updated 1 November 2021.

Key facts

Type
2-bed apartment
Size
1,231 sqft
Floor
41st of 64
Parking
L3-62
Developer
Select Global Development
Completed
2019
Service charge
AED 20,900 /yr
Last sold
AED 2.53M · July 2018

About 4109, The Residences at Marina Gate 2

4109 is a two-bedroom apartment of 1,231 sqft on the 41st 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 2 July 2018 for AED 2,525,000, or AED 2,050 per sqft, in line with the AED 2,055 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 November 2021, is AED 135,000 a year: a gross yield of 5.3% on the 2018 price, before the service charge of about AED 20,900 a year.

Sales and rents for 4109 over time

Sales
Unit 4109, 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, July 2018: AED 2,525,000 (AED 2,050 per sqft)

4109 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4109, each contractTypical two-bed in The Residences at Marina Gate 2
150K200K20192021202320252027Typical 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, November 2019: AED 135,000 a yearRenewal, November 2020: AED 120,000 a yearNew contract, November 2021: AED 135,000 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 4109 sits

All 178 2-beds →

4109 last sold in July 2018 at AED 2,050 per sqft, in line with what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,055). 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. 4109's AED 135,000 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
41013-bedAED 6M · Dec 2024
41021-bedAED 3.15M · Feb 2026
41031-bedAED 2.75M · Oct 2024
41043-bedAED 3.1M · Dec 2021
41052-bedAED 2.8M · Feb 2023
41062-bedAED 1.88M · Aug 2019
41071-bedAED 1.5M · Nov 2018
1–7 of 9

4109, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 2 July 2018 for AED 2,525,000, or AED 2,050 per sqft.
  • Rented since November 2019 on 3 Ejari contracts. The rent fell from AED 135,000 to AED 120,000 in 2020 and recovered to AED 135,000 by November 2021.
  • At AED 135,000 a year the gross yield on the 2018 price is 5.3%, 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 1 November 2021.

Questions about 4109, The Residences at Marina Gate 2

What did unit 4109 last sell for?

AED 2,525,000 on 2 July 2018, sold by the developer: AED 2,050 per sqft for 1,231 sqft. It is the only registered sale of the unit.

What is the rent for unit 4109?

AED 135,000 a year on the contract signed on 1 November 2021. The previous contract, from November 2020, was AED 120,000; the unit has been rented since November 2019.

How big is unit 4109?

1,231 sqft (114.4 sqm): a two-bedroom apartment on the 41st floor of a 64-storey tower completed in 2019.

What is unit 4109 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 4109, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.53M, 2 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,525,000
Deposit, UAE resident (20%)
AED 505,000
Deposit, non-resident (40%)
AED 1,010,000
Monthly over 25 years at 3.7%
AED 10,331

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