3-bed · 1,810 sqftThe Residences at Marina Gate 2, Dubai Marina · 47th floor · completed 2019

4701, The Residences at Marina Gate 2

Sold prices and rental history: sold 4 times, last in August 2023, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4701 · DLD and Ejari recordsUpdated 3 August 2023
Last soldAED 6.25M3 August 2023
Current rentAED 150K /yr18 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4701, The Residences at Marina Gate 2

What is 4701 worth today?

Last sold for AED 6,250,000 in 2023

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3 Aug 2023SoldReady
AED 6,250,000AED 3,452 per sqft
28 Mar 2023SoldReady
AED 4,100,000AED 2,265 per sqft
18 Aug 2020RentedNew contract
AED 150,000/yr12 months · AED 83 per sqft
7 Aug 2017SoldOff-plan
AED 4,120,000AED 2,276 per sqft
1 Mar 2016Sold by developerOff-plan
AED 4,120,000AED 2,276 per sqft

Source: Dubai Land Department. Updated 3 August 2023.

Key facts

Type
3-bed apartment
Size
1,810 sqft
Floor
47th of 64
Parking
L2-49, L2-50
Developer
Select Global Development
Completed
2019
Service charge
AED 30,800 /yr
Last sold
AED 6.25M · August 2023

About 4701, The Residences at Marina Gate 2

4701 is a three-bedroom apartment of 1,810 sqft on the 47th 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 3 August 2023 for AED 6,250,000, or AED 3,452 per sqft, 38% above the AED 2,497 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 18 August 2020. The current contract, signed on 18 August 2020, is AED 150,000 a year: a gross yield of 2.4% on the 2023 price, before the service charge of about AED 30,800 a year.

Sales and rents for 4701 over time

Sales
Unit 4701, each saleTypical three-bed in The Residences at Marina Gate 2
4M6M2015201820212024Typical sale price by year: 2015 AED 4,044,460; 2016 AED 4,060,000; 2017 AED 4,072,500; 2018 AED 4,024,000; 2019 AED 3,477,500; 2020 AED 2,929,150; 2021 AED 3,672,000; 2022 AED 4,350,000; 2023 AED 5,500,000; 2024 AED 6,000,000; 2025 AED 6,550,000Sold by developer, March 2016: AED 4,120,000 (AED 2,276 per sqft)Sold, August 2017: AED 4,120,000 (AED 2,276 per sqft)Sold, March 2023: AED 4,100,000 (AED 2,265 per sqft)Sold, August 2023: AED 6,250,000 (AED 3,452 per sqft)

4701 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4701, each contractTypical three-bed in The Residences at Marina Gate 2
200K300K20192021202320252027Typical rent by year: 2019 AED 200,000; 2020 AED 190,000; 2021 AED 215,000; 2022 AED 250,000; 2023 AED 310,000; 2024 AED 320,000; 2025 AED 330,000; 2026 AED 309,163New contract, August 2020: AED 150,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Residences at Marina Gate 2, and where 4701 sits

All 96 3-beds →

4701 last sold in August 2023 at AED 3,452 per sqft, 38% above what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,497). Over the last 12 months three-beds sold for AED 4,990,000 to 7,575,000, around AED 3,452 per sqft, and rent for AED 155,000 to 425,000 a year. 4701's AED 150,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Aug 20264,990,000
25 Feb 20265,650,000
19 Dec 20257,100,000
16 Dec 20257,575,000
5 3-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
47021-bedAED 2.32M · Nov 2022
47031-bedAED 1.6M · Sep 2019
47043-bedAED 6.55M · Jul 2025
47052-bedAED 2.19M · Mar 2021
47062-bedAED 2.55M · Sep 2019
47071-bedAED 1.53M · Feb 2019
47081-bedAED 1.5M · Nov 2019
1–7 of 9

4701, The Residences at Marina Gate 2 in numbers

  • Sold 4 times: first on 1 March 2016 for AED 4,120,000, last on 3 August 2023 for AED 6,250,000 (AED 3,452 per sqft).
  • Rented since August 2020 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 2.4%, before a service charge of about AED 30,800 a year (AED 17.00 per sqft).
  • Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000–7,575,000 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 3 August 2023.

Questions about 4701, The Residences at Marina Gate 2

What did unit 4701 last sell for?

AED 6,250,000 on 3 August 2023: AED 3,452 per sqft for 1,810 sqft. The unit has 4 registered sales; the first was AED 4,120,000 in March 2016.

What is the rent for unit 4701?

AED 150,000 a year on the contract signed on 18 August 2020.

How big is unit 4701?

1,810 sqft (168.2 sqm): a three-bedroom apartment on the 47th floor of a 64-storey tower completed in 2019.

What is unit 4701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences at Marina Gate 2 sold for AED 4,990,000 to 7,575,000 in the last 12 months, around AED 3,452 per sqft.

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Mortgage on 4701, The Residences at Marina Gate 2

Starts from the last sale price (AED 6.25M, 3 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,250,000
Deposit, UAE resident (20%)
AED 1,250,000
Deposit, non-resident (40%)
AED 2,500,000
Monthly over 25 years at 3.7%
AED 25,571

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