3-bed · 1,810 sqftThe Residences at Marina Gate 2, Dubai Marina · 52nd floor · completed 2019

5204, The Residences at Marina Gate 2

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

Unit 5204 · DLD and Ejari recordsUpdated 8 November 2024
Last soldAED 3M28 January 2021
Current rentAED 400K /yr8 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5204, The Residences at Marina Gate 2

What is 5204 worth today?

Last sold for AED 3,000,000 in 2021

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8 Nov 2024RentedNew contract
AED 400,000/yr12 months · AED 221 per sqft
8 Nov 2024RentedNew contract
AED 400,000/yr12 months · AED 221 per sqft
1 Jun 2021RentedNew contract
AED 270,000/yr12 months · AED 149 per sqft
28 Jan 2021SoldReady
AED 3,000,000AED 1,657 per sqft
17 Oct 2016Sold by developerOff-plan
AED 4,178,000AED 2,308 per sqft

Source: Dubai Land Department. Updated 8 November 2024.

Key facts

Type
3-bed apartment
Size
1,810 sqft
Floor
52nd of 64
Parking
L2-57, L2-58
Developer
Select Global Development
Completed
2019
Service charge
AED 30,800 /yr
Last sold
AED 3M · January 2021

About 5204, The Residences at Marina Gate 2

5204 is a three-bedroom apartment of 1,810 sqft on the 52nd 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 28 January 2021 for AED 3,000,000, or AED 1,657 per sqft, 20% below the AED 2,069 three-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 8 November 2024, is AED 400,000 a year: a gross yield of 13.3% on the 2021 price, before the service charge of about AED 30,800 a year.

Sales and rents for 5204 over time

Sales
Unit 5204, 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 2016: AED 4,178,000 (AED 2,308 per sqft)Sold, January 2021: AED 3,000,000 (AED 1,657 per sqft)

5204 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5204, each contractTypical three-bed in The Residences at Marina Gate 2
200K300K400K20192021202320252027Typical 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, June 2021: AED 270,000 a yearNew contract, November 2024: AED 400,000 a yearNew contract, November 2024: AED 400,000 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 5204 sits

All 96 3-beds →

5204 last sold in January 2021 at AED 1,657 per sqft, 20% below what three-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,069). 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. 5204's AED 400,000 is in the upper 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
52013-bedAED 6.6M · Nov 2024
52021-bedAED 1.98M · Jan 2015
52031-bedAED 1.98M · Jan 2015
52052-bedAED 2.64M · Sep 2015
52062-bedAED 2.51M · Jan 2018
52071-bedAED 1.51M · Jul 2018
52081-bedAED 2.1M · Jun 2023
1–7 of 9

5204, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 17 October 2016 for AED 4,178,000, last on 28 January 2021 for AED 3,000,000 (AED 1,657 per sqft).
  • Rented since June 2021 on 3 Ejari contracts, from AED 270,000 to AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2021 price is 13.3%, 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 8 November 2024.

Questions about 5204, The Residences at Marina Gate 2

What did unit 5204 last sell for?

AED 3,000,000 on 28 January 2021: AED 1,657 per sqft for 1,810 sqft. The unit has 2 registered sales; the first was AED 4,178,000 in October 2016.

What is the rent for unit 5204?

AED 400,000 a year on the contract signed on 8 November 2024. The previous contract, from November 2024, was AED 400,000; the unit has been rented since June 2021.

How big is unit 5204?

1,810 sqft (168.2 sqm): a three-bedroom apartment on the 52nd floor of a 64-storey tower completed in 2019.

What is unit 5204 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 5204, The Residences at Marina Gate 2

Starts from the last sale price (AED 3M, 28 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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