2-bed · 1,204 sqftThe Residences at Marina Gate 2, Dubai Marina · 51st floor · completed 2019

5105, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in November 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5105 · DLD and Ejari recordsUpdated 5 May 2023
Last soldAED 2.34M2 November 2021
Current rentAED 215K /yr5 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5105, The Residences at Marina Gate 2

What is 5105 worth today?

Last sold for AED 2,338,466 in 2021

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5 May 2023RentedNew contract
AED 215,000/yr12 months · AED 178 per sqft
9 Apr 2022RentedNew contract
AED 175,000/yr12 months · AED 145 per sqft
2 Nov 2021SoldReady
AED 2,338,466AED 1,943 per sqft
9 Feb 2020Sold by developerReady
AED 2,634,000AED 2,188 per sqft

Source: Dubai Land Department. Updated 5 May 2023.

Key facts

Type
2-bed apartment
Size
1,204 sqft
Floor
51st of 64
Parking
L2-70
Developer
Select Global Development
Completed
2019
Service charge
AED 20,500 /yr
Last sold
AED 2.34M · November 2021

About 5105, The Residences at Marina Gate 2

5105 is a two-bedroom apartment of 1,204 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 2 November 2021 for AED 2,338,466, or AED 1,943 per sqft, 3% above the AED 1,879 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 5 May 2023, is AED 215,000 a year: a gross yield of 9.2% on the 2021 price, before the service charge of about AED 20,500 a year.

Sales and rents for 5105 over time

Sales
Unit 5105, each saleTypical two-bed in The Residences at Marina Gate 2
3M20152018202120242027Typical sale price by year: 2015 AED 2,640,330; 2016 AED 2,535,600; 2017 AED 2,521,000; 2018 AED 2,530,000; 2019 AED 2,417,000; 2020 AED 2,490,000; 2021 AED 2,332,483; 2022 AED 3,000,000; 2023 AED 3,120,000; 2024 AED 3,387,500; 2025 AED 3,437,500; 2026 AED 3,550,000Sold by developer, February 2020: AED 2,634,000 (AED 2,188 per sqft)Sold, November 2021: AED 2,338,466 (AED 1,943 per sqft)

5105 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5105, each contractTypical two-bed in The Residences at Marina Gate 2
150K200K20192021202320252027Typical rent by year: 2019 AED 135,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 146,750; 2023 AED 180,000; 2024 AED 200,000; 2025 AED 200,000; 2026 AED 195,000New contract, April 2022: AED 175,000 a yearNew contract, May 2023: AED 215,000 a year

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

2-beds in The Residences at Marina Gate 2, and where 5105 sits

All 178 2-beds →

5105 last sold in November 2021 at AED 1,943 per sqft, 3% above what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,879). Over the last 12 months two-beds sold for AED 3,100,000 to 8,800,000, around AED 2,883 per sqft, and rent for AED 69,806 to 280,000 a year. 5105's AED 215,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20263,350,000
1 Oct 20268,800,000
7 Jul 20263,100,000
26 Jun 20263,100,000
9 2-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
51013-bedAED 3.1M · Feb 2021
51021-bedAED 1.98M · Jan 2015
51031-bedAED 2M · Jun 2022
51043-bedAED 3.37M · Mar 2021
51062-bedAED 2.55M · Sep 2019
51071-bedAED 1.93M · Jun 2023
51081-bedAED 1.96M · Nov 2022
1–7 of 9

5105, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 9 February 2020 for AED 2,634,000, last on 2 November 2021 for AED 2,338,466 (AED 1,943 per sqft).
  • Rented since April 2022 on 2 Ejari contracts, from AED 175,000 to AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2021 price is 9.2%, before a service charge of about AED 20,500 a year (AED 17.00 per sqft).
  • Two-beds in The Residences at Marina Gate 2 sold for AED 3,100,000–8,800,000 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 5 May 2023.

Questions about 5105, The Residences at Marina Gate 2

What did unit 5105 last sell for?

AED 2,338,466 on 2 November 2021: AED 1,943 per sqft for 1,204 sqft. The unit has 2 registered sales; the first was AED 2,634,000 in February 2020.

What is the rent for unit 5105?

AED 215,000 a year on the contract signed on 5 May 2023. The previous contract, from April 2022, was AED 175,000.

How big is unit 5105?

1,204 sqft (111.9 sqm): a two-bedroom apartment on the 51st floor of a 64-storey tower completed in 2019.

What is unit 5105 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences at Marina Gate 2 sold for AED 3,100,000 to 8,800,000 in the last 12 months, around AED 2,883 per sqft.

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Mortgage on 5105, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.34M, 2 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,338,466
Deposit, UAE resident (20%)
AED 467,693
Deposit, non-resident (40%)
AED 935,386
Monthly over 25 years at 3.7%
AED 9,567

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