1-bed · 771 sqftThe Residences at Marina Gate 2, Dubai Marina · 54th floor · completed 2019

5403, The Residences at Marina Gate 2

Sold prices and rental history: sold twice, last in April 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5403 · DLD and Ejari recordsUpdated 15 April 2021
Last soldAED 1.7M15 April 2021
Current rentAED 85K /yr27 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5403, The Residences at Marina Gate 2

What is 5403 worth today?

Last sold for AED 1,700,000 in 2021

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15 Apr 2021SoldReady
AED 1,700,000AED 2,206 per sqft
27 Aug 2020RentedNew contract
AED 85,000/yr12 months · AED 110 per sqft
26 Aug 2019RentedNew contract
AED 100,000/yr12 months · AED 130 per sqft
27 Apr 2015Sold by developerOff-plan
AED 1,977,000AED 2,565 per sqft

Source: Dubai Land Department. Updated 15 April 2021.

Key facts

Type
1-bed apartment
Size
771 sqft
Floor
54th of 64
Parking
L4-74
Developer
Select Global Development
Completed
2019
Service charge
AED 13,100 /yr
Last sold
AED 1.7M · April 2021

About 5403, The Residences at Marina Gate 2

5403 is a one-bedroom apartment of 771 sqft on the 54th 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 15 April 2021 for AED 1,700,000, or AED 2,206 per sqft, 34% above the AED 1,648 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 27 August 2020, is AED 85,000 a year: a gross yield of 5.0% on the 2021 price, before the service charge of about AED 13,100 a year.

Sales and rents for 5403 over time

Sales
Unit 5403, each saleTypical one-bed in The Residences at Marina Gate 2
2M20152018202120242027Typical sale price by year: 2015 AED 1,852,000; 2016 AED 1,771,000; 2017 AED 1,750,000; 2018 AED 1,514,500; 2019 AED 1,502,500; 2020 AED 1,300,000; 2021 AED 1,417,875; 2022 AED 1,810,000; 2023 AED 2,050,000; 2024 AED 2,100,000; 2025 AED 2,450,000; 2026 AED 2,150,000Sold by developer, April 2015: AED 1,977,000 (AED 2,565 per sqft)Sold, April 2021: AED 1,700,000 (AED 2,206 per sqft)

5403 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5403, each contractTypical one-bed in The Residences at Marina Gate 2
100K125K20192021202320252027Typical rent by year: 2019 AED 90,000; 2020 AED 85,000; 2021 AED 87,172; 2022 AED 100,000; 2023 AED 125,000; 2024 AED 133,100; 2025 AED 135,500; 2026 AED 120,750New contract, August 2019: AED 100,000 a yearNew contract, August 2020: AED 85,000 a year

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

1-beds in The Residences at Marina Gate 2, and where 5403 sits

All 232 1-beds →

5403 last sold in April 2021 at AED 2,206 per sqft, 34% above what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 1,648). Over the last 12 months one-beds sold for AED 1,550,000 to 3,500,000, around AED 2,959 per sqft, and rent for AED 50,000 to 180,000 a year. 5403's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Aug 20261,750,000
31 Jul 20262,500,000
27 Jul 20261,650,000
27 Jul 202635,464
16 1-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
54013-bedAED 4.8M · Sep 2022
54021-bedAED 1.96M · May 2015
54043-bedAED 6.2M · Feb 2025
54052-bedAED 2.55M · Nov 2021
54062-bedAED 3.2M · Aug 2024
54071-bedAED 2.08M · Nov 2024
54081-bedAED 2.2M · Feb 2025
1–7 of 9

5403, The Residences at Marina Gate 2 in numbers

  • Sold twice: first on 27 April 2015 for AED 1,977,000, last on 15 April 2021 for AED 1,700,000 (AED 2,206 per sqft).
  • Rented since August 2019 on 2 Ejari contracts, from AED 100,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 5.0%, before a service charge of about AED 13,100 a year (AED 17.00 per sqft).
  • One-beds in The Residences at Marina Gate 2 sold for AED 1,550,000–3,500,000 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 April 2021.

Questions about 5403, The Residences at Marina Gate 2

What did unit 5403 last sell for?

AED 1,700,000 on 15 April 2021: AED 2,206 per sqft for 771 sqft. The unit has 2 registered sales; the first was AED 1,977,000 in April 2015.

What is the rent for unit 5403?

AED 85,000 a year on the contract signed on 27 August 2020. The previous contract, from August 2019, was AED 100,000.

How big is unit 5403?

771 sqft (71.6 sqm): a one-bedroom apartment on the 54th floor of a 64-storey tower completed in 2019.

What is unit 5403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences at Marina Gate 2 sold for AED 1,550,000 to 3,500,000 in the last 12 months, around AED 2,959 per sqft.

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Mortgage on 5403, The Residences at Marina Gate 2

Starts from the last sale price (AED 1.7M, 15 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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