501, The Residences at Marina Gate 2
Sold prices and rental history: sold twice, last in May 2023, and rented once, from January 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, The Residences at Marina Gate 2
What is 501 worth today?
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Source: Dubai Land Department. Updated 8 May 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 4,429 sqft
- Parking
- L5-31, M-25
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 75,300 /yr
- Last sold
- AED 15M · May 2023
- Building
- The Residences at Marina Gate 2
About 501, The Residences at Marina Gate 2
501 is a four-bedroom apartment of 4,429 sqft 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 8 May 2023 for AED 15,000,000, or AED 3,387 per sqft, 4% above the AED 3,258 four-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 January 2022. The current contract, signed on 1 January 2022, is AED 96,000 a year: a gross yield of 0.6% on the 2023 price, before the service charge of about AED 75,300 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in The Residences at Marina Gate 2, and where 501 sits
All 12 4-beds →501 last sold in May 2023 at AED 3,387 per sqft, 4% above what four-beds in The Residences at Marina Gate 2 were fetching at the time (AED 3,258).
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Aug 202324 August 2023 | 5,791 sqft | 16,000,000 | 2,762 | ||
| 19 Jul 202319 July 2023 | 4,642 sqft | 13,000,000 | 2,800 | ||
| 29 Sep 202229 September 2022 | 11,663 sqft | 38,000,000 | 3,258 | ||
| 9 May 20229 May 2022 | 5,078 sqft | 12,900,000 | 2,540 |
The Residences at Marina Gate 2
Building511 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%
501, The Residences at Marina Gate 2 in numbers
- Sold twice: first on 13 July 2021 for AED 9,999,999, last on 8 May 2023 for AED 15,000,000 (AED 3,387 per sqft).
- Rented since January 2022 on one Ejari contract, at AED 96,000 a year.
- At AED 96,000 a year the gross yield on the 2023 price is 0.6%, before a service charge of about AED 75,300 a year (AED 17.00 per sqft).
Source: Dubai Land Department. Updated 8 May 2023.
Questions about 501, The Residences at Marina Gate 2
What did unit 501 last sell for?
AED 15,000,000 on 8 May 2023: AED 3,387 per sqft for 4,429 sqft. The unit has 2 registered sales; the first was AED 9,999,999 in July 2021.
What is the rent for unit 501?
AED 96,000 a year on the contract signed on 1 January 2022.
How big is unit 501?
4,429 sqft (411.5 sqm): a four-bedroom apartment of a 64-storey tower completed in 2019.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 501, The Residences at Marina Gate 2
Starts from the last sale price (AED 15M, 8 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 15,000,000
- Deposit, UAE resident (20%)
- AED 3,000,000
- Deposit, non-resident (40%)
- AED 6,000,000
- Monthly over 25 years at 3.7%
- AED 61,370
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →