1-bed · 770 sqftThe Residences at Marina Gate 2, Dubai Marina · 48th floor · completed 2019

4802, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in August 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4802 · DLD and Ejari recordsUpdated 7 August 2024
Last soldAED 2.7M7 August 2024
Current rentAED 148K /yr7 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4802, The Residences at Marina Gate 2

What is 4802 worth today?

Last sold for AED 2,700,000 in 2024

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7 Aug 2024SoldReady
AED 2,700,000AED 3,504 per sqft
7 Apr 2023RentedRenewal
AED 148,000/yr12 months · AED 191 per sqft
7 Apr 2022RentedNew contract
AED 140,000/yr12 months · AED 181 per sqft
1 Sep 2020RentedNew contract
AED 110,000/yr12 months · AED 142 per sqft
15 Jul 2019Sold by developerOff-plan
AED 1,900,000AED 2,466 per sqft

Source: Dubai Land Department. Updated 7 August 2024.

Key facts

Type
1-bed apartment
Size
770 sqft
Floor
48th of 64
Parking
L4-49
Developer
Select Global Development
Completed
2019
Service charge
AED 13,100 /yr
Last sold
AED 2.7M · August 2024

About 4802, The Residences at Marina Gate 2

4802 is a one-bedroom apartment of 770 sqft on the 48th 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 7 August 2024 for AED 2,700,000, or AED 3,504 per sqft, 21% above the AED 2,892 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 7 April 2023, is AED 148,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 13,100 a year.

Sales and rents for 4802 over time

Sales
Unit 4802, 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, July 2019: AED 1,900,000 (AED 2,466 per sqft)Sold, August 2024: AED 2,700,000 (AED 3,504 per sqft)

4802 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4802, each contractTypical one-bed in The Residences at Marina Gate 2
100K150K20192021202320252027Typical 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, September 2020: AED 110,000 a yearNew contract, April 2022: AED 140,000 a yearRenewal, April 2023: AED 148,000 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 4802 sits

All 232 1-beds →

4802 last sold in August 2024 at AED 3,504 per sqft, 21% above what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,892). 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. 4802's AED 148,000 is in the upper 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
48013-bedAED 4M · Jan 2021
48031-bedAED 3.25M · Feb 2025
48043-bedAED 5.6M · Jul 2024
48052-bedAED 3M · Dec 2022
48062-bedAED 3.38M · Dec 2024
48071-bedAED 2.3M · Apr 2025
48081-bedAED 1.5M · Feb 2019
1–7 of 9

4802, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 15 July 2019 for AED 1,900,000, last on 7 August 2024 for AED 2,700,000 (AED 3,504 per sqft).
  • Rented since September 2020 on 3 Ejari contracts, from AED 110,000 to AED 148,000 a year.
  • At AED 148,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 13,100 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 7 August 2024.

Questions about 4802, The Residences at Marina Gate 2

What did unit 4802 last sell for?

AED 2,700,000 on 7 August 2024: AED 3,504 per sqft for 770 sqft. The unit has 2 registered sales; the first was AED 1,900,000 in July 2019.

What is the rent for unit 4802?

AED 148,000 a year on the contract renewed on 7 April 2023. The previous contract, from April 2022, was AED 140,000; the unit has been rented since September 2020.

How big is unit 4802?

770 sqft (71.5 sqm): a one-bedroom apartment on the 48th floor of a 64-storey tower completed in 2019.

What is unit 4802 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 4802, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.7M, 7 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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