2-bed · 616 sqftThe Residences at Marina Gate 2, Dubai Marina · 52nd floor · completed 2019

5209, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in June 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5209 · DLD and Ejari recordsUpdated 15 June 2020
Last soldAED 2.57M15 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5209, The Residences at Marina Gate 2

What is 5209 worth today?

Last sold for AED 2,571,000 in 2020

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15 Jun 2020Sold by developerReady
AED 2,571,000AED 2,087 per sqft

Source: Dubai Land Department. Updated 15 June 2020.

Key facts

Type
2-bed apartment
Size
616 sqft
Floor
52nd of 64
Parking
L2-03
Developer
Select Global Development
Completed
2019
Service charge
AED 10,500 /yr
Last sold
AED 2.57M · June 2020

About 5209, The Residences at Marina Gate 2

5209 is a two-bedroom apartment of 616 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. The developer sold it on 15 June 2020 for AED 2,571,000, or AED 2,087 per sqft, 36% above the AED 1,531 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5209 over time

Sales
Unit 5209, 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, June 2020: AED 2,571,000 (AED 2,087 per sqft)

5209 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5209, 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 195,000

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 5209 sits

All 178 2-beds →

5209 last sold in June 2020 at AED 2,087 per sqft, 36% above what two-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,531). 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.

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
52013-bedAED 6.6M · Nov 2024
52021-bedAED 1.98M · Jan 2015
52031-bedAED 1.98M · Jan 2015
52043-bedAED 3M · Jan 2021
52052-bedAED 2.64M · Sep 2015
52062-bedAED 2.51M · Jan 2018
52071-bedAED 1.51M · Jul 2018
1–7 of 9

5209, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 15 June 2020 for AED 2,571,000, or AED 2,087 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 15 June 2020.

Questions about 5209, The Residences at Marina Gate 2

What did unit 5209 last sell for?

AED 2,571,000 on 15 June 2020, sold by the developer: AED 2,087 per sqft for 616 sqft. It is the only registered sale of the unit.

How big is unit 5209?

616 sqft (57.2 sqm): a two-bedroom apartment on the 52nd floor of a 64-storey tower completed in 2019.

What is unit 5209 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 5209, The Residences at Marina Gate 2

Starts from the last sale price (AED 2.57M, 15 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,571,000
Deposit, UAE resident (20%)
AED 514,200
Deposit, non-resident (40%)
AED 1,028,400
Monthly over 25 years at 3.7%
AED 10,519

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