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1-bed · 762 sqftThe Residences at Marina Gate 2, Dubai Marina · 43rd floor · completed 2019

4308, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in April 2019, and rented once, from March 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4308 · DLD and Ejari recordsUpdated 14 March 2021
Last soldAED 1.54M4 April 2019
Current rentAED 105K /yr14 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4308, The Residences at Marina Gate 2

What is 4308 worth today?

Last sold for AED 1,535,000 in 2019

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14 Mar 2021RentedNew contract
AED 105,000/yr12 months · AED 137 per sqft
4 Apr 2019Sold by developerOff-plan
AED 1,535,000AED 2,013 per sqft

Source: Dubai Land Department. Updated 14 March 2021.

Key facts

Type
1-bed apartment
Size
762 sqft
Floor
43rd of 64
Parking
L4-29
Developer
Select Global Development
Completed
2019
Service charge
AED 13,000 /yr
Last sold
AED 1.54M · April 2019
Building
The Residences at Marina Gate 2

About 4308, The Residences at Marina Gate 2

4308 is a one-bedroom apartment of 762 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. The developer sold it on 4 April 2019 for AED 1,535,000, or AED 2,013 per sqft, in line with the AED 2,007 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 March 2021. The current contract, signed on 14 March 2021, is AED 105,000 a year: a gross yield of 6.8% on the 2019 price, before the service charge of about AED 13,000 a year.

Sales and rents for 4308 over time

Sales
Unit 4308, 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, April 2019: AED 1,535,000 (AED 2,013 per sqft)

4308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4308, each contractTypical one-bed in The Residences at Marina Gate 2
100K125K20192021202320252027Typical 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, March 2021: AED 105,000 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 4308 sits

All 232 1-beds →

4308 last sold in April 2019 at AED 2,013 per sqft, in line with what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,007). 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. 4308's AED 105,000 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 →

Other units on the 43rd floor

All 511 units in The Residences at Marina Gate 2
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
43071-bedAED 2.1M · Nov 2024
1–7 of 9

4308, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 4 April 2019 for AED 1,535,000, or AED 2,013 per sqft.
  • Rented since March 2021 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2019 price is 6.8%, 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 14 March 2021.

Questions about 4308, The Residences at Marina Gate 2

What did unit 4308 last sell for?

AED 1,535,000 on 4 April 2019, sold by the developer: AED 2,013 per sqft for 762 sqft. It is the only registered sale of the unit.

What is the rent for unit 4308?

AED 105,000 a year on the contract signed on 14 March 2021.

How big is unit 4308?

762 sqft (70.8 sqm): a one-bedroom apartment on the 43rd floor of a 64-storey tower completed in 2019.

What is unit 4308 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 4308, The Residences at Marina Gate 2

Starts from the last sale price (AED 1.54M, 4 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,535,000
Deposit, UAE resident (20%)
AED 307,000
Deposit, non-resident (40%)
AED 614,000
Monthly over 25 years at 3.7%
AED 6,280

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