1-bed · 763 sqftThe Residences at Marina Gate 2, Dubai Marina · 43rd floor · completed 2019

4307, The Residences at Marina Gate 2

Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4307 · DLD and Ejari recordsUpdated 13 November 2024
Last soldAED 2.1M13 November 2024
Current rentAED 94K /yr27 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4307, The Residences at Marina Gate 2

What is 4307 worth today?

Last sold for AED 2,100,000 in 2024

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13 Nov 2024SoldReady
AED 2,100,000AED 2,750 per sqft
14 Feb 2024SoldReady
AED 1,675,000AED 2,194 per sqft
27 Nov 2023RentedRenewal
AED 93,590/yr11 months · AED 122 per sqft
27 Nov 2022RentedRenewal
AED 82,000/yr12 months · AED 107 per sqft
27 Nov 2021RentedRenewal
AED 82,000/yr12 months · AED 107 per sqft
27 Nov 2020RentedRenewal
AED 78,000/yr12 months · AED 102 per sqft
27 Nov 2019RentedNew contract
AED 85,000/yr12 months · AED 111 per sqft
22 Jan 2019Sold by developerOff-plan
AED 1,535,000AED 2,010 per sqft

Source: Dubai Land Department. Updated 13 November 2024.

Key facts

Type
1-bed apartment
Size
763 sqft
Floor
43rd of 64
Parking
L4-28
Developer
Select Global Development
Completed
2019
Service charge
AED 13,000 /yr
Last sold
AED 2.1M · November 2024

About 4307, The Residences at Marina Gate 2

4307 is a one-bedroom apartment of 763 sqft on the 43rd 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 13 November 2024 for AED 2,100,000, or AED 2,750 per sqft, in line with the AED 2,810 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 27 November 2023, is AED 93,590 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 13,000 a year.

Sales and rents for 4307 over time

Sales
Unit 4307, each saleTypical one-bed in The Residences at Marina Gate 2
2M20152018202120242027Typical sale price by year: 2015 AED 1,852,000; 2016 AED 1,771,000; 2017 AED 1,750,000; 2018 AED 1,514,500; 2019 AED 1,502,500; 2020 AED 1,300,000; 2021 AED 1,417,875; 2022 AED 1,810,000; 2023 AED 2,050,000; 2024 AED 2,100,000; 2025 AED 2,450,000; 2026 AED 2,150,000Sold by developer, January 2019: AED 1,535,000 (AED 2,010 per sqft)Sold, February 2024: AED 1,675,000 (AED 2,194 per sqft)Sold, November 2024: AED 2,100,000 (AED 2,750 per sqft)

4307 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4307, each contractTypical one-bed in The Residences at Marina Gate 2
100K20192021202320252027Typical rent by year: 2019 AED 90,000; 2020 AED 85,000; 2021 AED 87,172; 2022 AED 100,000; 2023 AED 125,000; 2024 AED 133,100; 2025 AED 135,500; 2026 AED 120,750New contract, November 2019: AED 85,000 a yearRenewal, November 2020: AED 78,000 a yearRenewal, November 2021: AED 82,000 a yearRenewal, November 2022: AED 82,000 a yearRenewal, November 2023: AED 93,590 a year

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 4307 sits

All 232 1-beds →

4307 last sold in November 2024 at AED 2,750 per sqft, in line with what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,810). 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. 4307's AED 93,590 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Aug 20261,750,000
31 Jul 20262,500,000
27 Jul 20261,650,000
27 Jul 202635,464
16 1-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
43013-bedAED 5.5M · Aug 2023
43021-bedAED 1.9M · Mar 2022
43031-bedAED 2.5M · May 2023
43043-bedAED 4.04M · Jun 2022
43052-bedAED 2.25M · Sep 2021
43062-bedAED 1.88M · Aug 2019
43081-bedAED 1.54M · Apr 2019
1–7 of 9

4307, The Residences at Marina Gate 2 in numbers

  • Sold 3 times: first on 22 January 2019 for AED 1,535,000, last on 13 November 2024 for AED 2,100,000 (AED 2,750 per sqft).
  • Rented since November 2019 on 5 Ejari contracts, from AED 85,000 to AED 93,590 a year.
  • At AED 93,590 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 13,000 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 13 November 2024.

Questions about 4307, The Residences at Marina Gate 2

What did unit 4307 last sell for?

AED 2,100,000 on 13 November 2024: AED 2,750 per sqft for 763 sqft. The unit has 3 registered sales; the first was AED 1,535,000 in January 2019.

What is the rent for unit 4307?

AED 93,590 a year on the contract renewed on 27 November 2023. The previous contract, from November 2022, was AED 82,000; the unit has been rented since November 2019.

How big is unit 4307?

763 sqft (70.9 sqm): a one-bedroom apartment on the 43rd floor of a 64-storey tower completed in 2019.

What is unit 4307 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 4307, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.1M, 13 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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