3-bed · 1,809 sqftThe Residences at Marina Gate 2, Dubai Marina · 51st floor · completed 2019

5101, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in February 2021, and rented once, from January 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5101 · DLD and Ejari recordsUpdated 11 February 2021
Last soldAED 3.1M11 February 2021
Current rentAED 170K /yr4 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5101, The Residences at Marina Gate 2

What is 5101 worth today?

Last sold for AED 3,100,000 in 2021

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11 Feb 2021SoldReady
AED 3,100,000AED 1,713 per sqft
4 Jan 2020RentedNew contract
AED 170,000/yr12 months · AED 94 per sqft
24 Oct 2017Sold by developerOff-plan
AED 4,095,000AED 2,263 per sqft

Source: Dubai Land Department. Updated 11 February 2021.

Key facts

Type
3-bed apartment
Size
1,809 sqft
Floor
51st of 64
Parking
L2-63, L2-64
Developer
Select Global Development
Completed
2019
Service charge
AED 30,800 /yr
Last sold
AED 3.1M · February 2021

About 5101, The Residences at Marina Gate 2

5101 is a three-bedroom apartment of 1,809 sqft on the 51st 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 11 February 2021 for AED 3,100,000, or AED 1,713 per sqft, 9% below the AED 1,891 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 4 January 2020. The current contract, signed on 4 January 2020, is AED 170,000 a year: a gross yield of 5.5% on the 2021 price, before the service charge of about AED 30,800 a year.

Sales and rents for 5101 over time

Sales
Unit 5101, 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, October 2017: AED 4,095,000 (AED 2,263 per sqft)Sold, February 2021: AED 3,100,000 (AED 1,713 per sqft)

5101 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5101, 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, January 2020: AED 170,000 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 5101 sits

All 96 3-beds →

5101 last sold in February 2021 at AED 1,713 per sqft, 9% below what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,891). 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. 5101's AED 170,000 is in the lower half 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
51021-bedAED 1.98M · Jan 2015
51031-bedAED 2M · Jun 2022
51043-bedAED 3.37M · Mar 2021
51052-bedAED 2.34M · Nov 2021
51062-bedAED 2.55M · Sep 2019
51071-bedAED 1.93M · Jun 2023
51081-bedAED 1.96M · Nov 2022
1–7 of 9

5101, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 24 October 2017 for AED 4,095,000, last on 11 February 2021 for AED 3,100,000 (AED 1,713 per sqft).
  • Rented since January 2020 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2021 price is 5.5%, 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 11 February 2021.

Questions about 5101, The Residences at Marina Gate 2

What did unit 5101 last sell for?

AED 3,100,000 on 11 February 2021: AED 1,713 per sqft for 1,809 sqft. The unit has 2 registered sales; the first was AED 4,095,000 in October 2017.

What is the rent for unit 5101?

AED 170,000 a year on the contract signed on 4 January 2020.

How big is unit 5101?

1,809 sqft (168.1 sqm): a three-bedroom apartment on the 51st floor of a 64-storey tower completed in 2019.

What is unit 5101 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 5101, The Residences at Marina Gate 2

Starts from the last sale price (AED 3.1M, 11 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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