5503, The Residences at Marina Gate 2
Sold prices and rental history: sold 3 times, last in December 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5503, The Residences at Marina Gate 2
What is 5503 worth today?
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Source: Dubai Land Department. Updated 19 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 771 sqft
- Floor
- 55th of 64
- Parking
- L4-78
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 13,100 /yr
- Last sold
- AED 2.55M · December 2022
- Building
- The Residences at Marina Gate 2
About 5503, The Residences at Marina Gate 2
5503 is a one-bedroom apartment of 771 sqft on the 55th 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 19 December 2022 for AED 2,550,000, or AED 3,309 per sqft, 45% above the AED 2,277 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 25 September 2020, is AED 80,000 a year: a gross yield of 3.1% on the 2022 price, before the service charge of about AED 13,100 a year.
Sales and rents for 5503 over time
5503 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 5503 sits
All 232 1-beds →5503 last sold in December 2022 at AED 3,309 per sqft, 45% above what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,277). 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. 5503's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Aug 20263 August 2026 | 763 sqft | 1,750,000 | 2,293 | ||
| 31 Jul 202631 July 2026 | 845 sqft | 2,500,000 | 2,959 | ||
| 27 Jul 202627 July 2026 | 618 sqft | 1,650,000 | 2,670 | ||
| 27 Jul 202627 July 2026 | 763 sqft | 35,464 | 46 |
The Residences at Marina Gate 2
Building511 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%
Other units on the 55th floor
All 511 units in The Residences at Marina Gate 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 3-bed | 1,809 sqft | AED 3.61MAED 3,609,050 · Mar 2021March 2021 | 360,000 /yr | |
| 5502 | 1-bed | 770 sqft | AED 2.87MAED 2,868,000 · Feb 2025February 2025 | 145,000 /yr | |
| 5504 | 3-bed | 1,810 sqft | AED 4.11MAED 4,111,000 · Apr 2017April 2017 | 230,000 /yr | |
| 5505 | 2-bed | 1,204 sqft | AED 2.59MAED 2,589,900 · Sep 2015September 2015 | 210,000 /yr | |
| 5506 | 2-bed | 1,231 sqft | AED 2.55MAED 2,550,000 · Mar 2019March 2019 | ||
| 5507 | 1-bed | 762 sqft | AED 1.95MAED 1,950,000 · Sep 2024September 2024 | 120,750 /yr | |
| 5508 | 1-bed | 762 sqft | AED 2.08MAED 2,075,000 · Oct 2023October 2023 | 135,000 /yr | |
| 5509 | 2-bed | 1,232 sqft | AED 2.7MAED 2,700,000 · May 2023May 2023 | 185,000 /yr | |
| 5510 | 2-bed | 1,204 sqft | AED 2.18MAED 2,175,000 · Jun 2021June 2021 | 140,000 /yr |
5503, The Residences at Marina Gate 2 in numbers
- Sold 3 times: first on 18 August 2015 for AED 1,991,000, last on 19 December 2022 for AED 2,550,000 (AED 3,309 per sqft).
- Rented since September 2019 on 2 Ejari contracts, from AED 96,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2022 price is 3.1%, 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 19 December 2022.
Questions about 5503, The Residences at Marina Gate 2
What did unit 5503 last sell for?
AED 2,550,000 on 19 December 2022: AED 3,309 per sqft for 771 sqft. The unit has 3 registered sales; the first was AED 1,991,000 in August 2015.
What is the rent for unit 5503?
AED 80,000 a year on the contract signed on 25 September 2020. The previous contract, from September 2019, was AED 96,000.
How big is unit 5503?
771 sqft (71.6 sqm): a one-bedroom apartment on the 55th floor of a 64-storey tower completed in 2019.
What is unit 5503 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 5503, The Residences at Marina Gate 2
Starts from the last sale price (AED 2.55M, 19 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,550,000
- Deposit, UAE resident (20%)
- AED 510,000
- Deposit, non-resident (40%)
- AED 1,020,000
- Monthly over 25 years at 3.7%
- AED 10,433
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →