5603, The Residences at Marina Gate 2
Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5603, The Residences at Marina Gate 2
What is 5603 worth today?
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Source: Dubai Land Department. Updated 22 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 771 sqft
- Floor
- 56th of 64
- Parking
- L4-82
- Developer
- Select Global Development
- Completed
- 2019
- Service charge
- AED 13,100 /yr
- Last sold
- AED 2.78M · April 2024
- Building
- The Residences at Marina Gate 2
About 5603, The Residences at Marina Gate 2
5603 is a one-bedroom apartment of 771 sqft on the 56th 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 22 April 2024 for AED 2,775,000, or AED 3,601 per sqft, 31% above the AED 2,757 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 20 October 2022, is AED 170,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 13,100 a year.
Sales and rents for 5603 over time
5603 has sold twice; 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 5603 sits
All 232 1-beds →5603 last sold in April 2024 at AED 3,601 per sqft, 31% above what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,757). 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 175,000 a year. 5603's AED 170,000 is in the upper 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 56th floor
All 511 units in The Residences at Marina Gate 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5601 | 3-bed | 1,809 sqft | AED 6MAED 6,000,000 · Jul 2024July 2024 | 350,000 /yr | |
| 5602 | 1-bed | 770 sqft | AED 1.99MAED 1,991,000 · Jun 2015June 2015 | 149,758 /yr | |
| 5604 | 3-bed | 1,810 sqft | AED 6MAED 6,000,000 · Jan 2025January 2025 | 245,000 /yr | |
| 5605 | 2-bed | 1,204 sqft | AED 3.1MAED 3,100,000 · Jun 2026June 2026 | 200,000 /yr | |
| 5606 | 2-bed | 1,231 sqft | AED 3.35MAED 3,350,000 · Oct 2026October 2026 | 220,000 /yr | |
| 5607 | 1-bed | 762 sqft | AED 1.53MAED 1,531,000 · Jul 2018July 2018 | 140,000 /yr | |
| 5608 | 1-bed | 762 sqft | AED 2.15MAED 2,150,000 · Jan 2026January 2026 | 125,000 /yr | |
| 5609 | 2-bed | 1,232 sqft | AED 2.63MAED 2,633,000 · Feb 2019February 2019 | ||
| 5610 | 2-bed | 1,204 sqft | AED 2.62MAED 2,616,600 · Feb 2016February 2016 | 190,000 /yr |
5603, The Residences at Marina Gate 2 in numbers
- Sold twice: first on 29 June 2015 for AED 1,991,000, last on 22 April 2024 for AED 2,775,000 (AED 3,601 per sqft).
- Rented since September 2019 on 4 Ejari contracts, from AED 100,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2024 price is 6.1%, 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 22 April 2024.
Questions about 5603, The Residences at Marina Gate 2
What did unit 5603 last sell for?
AED 2,775,000 on 22 April 2024: AED 3,601 per sqft for 771 sqft. The unit has 2 registered sales; the first was AED 1,991,000 in June 2015.
What is the rent for unit 5603?
AED 170,000 a year on the contract signed on 20 October 2022. The previous contract, from September 2021, was AED 90,000; the unit has been rented since September 2019.
How big is unit 5603?
771 sqft (71.6 sqm): a one-bedroom apartment on the 56th floor of a 64-storey tower completed in 2019.
What is unit 5603 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 5603, The Residences at Marina Gate 2
Starts from the last sale price (AED 2.78M, 22 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,775,000
- Deposit, UAE resident (20%)
- AED 555,000
- Deposit, non-resident (40%)
- AED 1,110,000
- Monthly over 25 years at 3.7%
- AED 11,353
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →