1-bed · 770 sqftThe Residences at Marina Gate 2, Dubai Marina · 60th floor · completed 2019

6003, The Residences at Marina Gate 2

Sold prices and rental history: sold once, by the developer in May 2015, and rented once, from October 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 6003 · DLD and Ejari recordsUpdated 22 October 2019
Last soldAED 2M12 May 2015
Current rentAED 125K /yr22 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 6003, The Residences at Marina Gate 2

What is 6003 worth today?

Last sold for AED 2,000,000 in 2015

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22 Oct 2019RentedNew contract
AED 125,000/yr12 months · AED 161 per sqft
12 May 2015Sold by developerOff-plan
AED 2,000,000AED 2,597 per sqft

Source: Dubai Land Department. Updated 22 October 2019.

Key facts

Type
1-bed apartment
Size
770 sqft
Floor
60th of 64
Parking
L3-73
Developer
Select Global Development
Completed
2019
Service charge
AED 13,100 /yr
Last sold
AED 2M · May 2015

About 6003, The Residences at Marina Gate 2

6003 is a one-bedroom apartment of 770 sqft on the 60th 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 12 May 2015 for AED 2,000,000, or AED 2,597 per sqft, 15% above the AED 2,255 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 22 October 2019. The current contract, signed on 22 October 2019, is AED 125,000 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 13,100 a year.

Sales and rents for 6003 over time

Sales
Unit 6003, 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, May 2015: AED 2,000,000 (AED 2,597 per sqft)

6003 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 6003, 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, October 2019: AED 125,000 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 6003 sits

All 232 1-beds →

6003 last sold in May 2015 at AED 2,597 per sqft, 15% above what one-beds in The Residences at Marina Gate 2 were fetching at the time (AED 2,255). 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. 6003's AED 125,000 is in the upper 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
60013-bedAED 4.13M · Sep 2018
60021-bedAED 3.1M · May 2025
60043-bedAED 6.24M · Feb 2024
60052-bedAED 3M · Mar 2022
60062-bedAED 2.75M · Dec 2021
60071-bedAED 1.9M · Jul 2026
60081-bedAED 1.5M · May 2016
1–7 of 9

6003, The Residences at Marina Gate 2 in numbers

  • Sold once: by Select Global Development on 12 May 2015 for AED 2,000,000, or AED 2,597 per sqft.
  • Rented since October 2019 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2015 price is 6.3%, 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 October 2019.

Questions about 6003, The Residences at Marina Gate 2

What did unit 6003 last sell for?

AED 2,000,000 on 12 May 2015, sold by the developer: AED 2,597 per sqft for 770 sqft. It is the only registered sale of the unit.

What is the rent for unit 6003?

AED 125,000 a year on the contract signed on 22 October 2019.

How big is unit 6003?

770 sqft (71.5 sqm): a one-bedroom apartment on the 60th floor of a 64-storey tower completed in 2019.

What is unit 6003 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 6003, The Residences at Marina Gate 2

Starts from the last sale price (AED 2M, 12 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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