2-bed · 1,746 sqftMarina Residences 1, Palm Jumeirah · 10th floor · completed 2009

1004, Marina Residences 1

Sold prices and rental history: sold twice, last in December 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 13 February 2021
Last soldAED 2.5M7 December 2014
Current rentAED 110K /yr13 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Marina Residences 1

What is 1004 worth today?

Last sold for AED 2,500,000 in 2014

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13 Feb 2021RentedNew contract
AED 110,000/yr12 months · AED 63 per sqft
7 Nov 2019RentedNew contract
AED 115,000/yr12 months · AED 66 per sqft
15 Sep 2018RentedRenewal
AED 140,000/yr12 months · AED 80 per sqft
15 Sep 2017RentedNew contract
AED 165,000/yr12 months · AED 95 per sqft
6 Sep 2016RentedNew contract
AED 160,000/yr12 months · AED 92 per sqft
5 Feb 2016RentedNew contract
AED 172,500/yr12 months · AED 99 per sqft
29 Jan 2015RentedNew contract
AED 172,500/yr12 months · AED 99 per sqft
7 Dec 2014SoldReady
AED 2,500,000AED 1,432 per sqft

Source: Dubai Land Department. Updated 13 February 2021.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
10th of 14
Parking
CB1+109
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 2.5M · December 2014

About 1004, Marina Residences 1

1004 is a two-bedroom apartment of 1,746 sqft on the 10th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 7 December 2014 for AED 2,500,000, or AED 1,432 per sqft, in line with the AED 1,411 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 13 February 2021, is AED 110,000 a year: a gross yield of 4.4% on the 2014 price, before the service charge of about AED 29,100 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical two-bed in Marina Residences 1
2M4M2010201520202025Typical sale price by year: 2010 AED 2,840,500; 2011 AED 2,825,550; 2012 AED 2,501,850; 2013 AED 2,500,000; 2014 AED 2,645,650; 2015 AED 2,670,000; 2016 AED 2,200,000; 2017 AED 2,407,000; 2018 AED 1,833,149; 2019 AED 1,725,000; 2020 AED 1,700,000; 2021 AED 2,025,000; 2022 AED 2,500,000; 2023 AED 2,700,000; 2024 AED 3,575,000; 2025 AED 3,750,000; 2026 AED 3,850,000Sold by developer, January 2011: AED 1,638,750 (AED 938 per sqft)Sold, December 2014: AED 2,500,000 (AED 1,432 per sqft)

1004 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1004, each contractTypical two-bed in Marina Residences 1
100K150K200K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 140,000; 2014 AED 165,223; 2015 AED 165,000; 2016 AED 160,500; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 106,000; 2021 AED 110,000; 2022 AED 140,000; 2023 AED 163,730; 2024 AED 199,000; 2025 AED 200,000; 2026 AED 192,938New contract, January 2015: AED 172,500 a yearNew contract, February 2016: AED 172,500 a yearNew contract, September 2016: AED 160,000 a yearNew contract, September 2017: AED 165,000 a yearRenewal, September 2018: AED 140,000 a yearNew contract, November 2019: AED 115,000 a yearNew contract, February 2021: AED 110,000 a year

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

2-beds in Marina Residences 1, and where 1004 sits

All 108 2-beds →

1004 last sold in December 2014 at AED 1,432 per sqft, in line with what two-beds in Marina Residences 1 were fetching at the time (AED 1,411). Over the last 12 months two-beds sold for AED 3,200,000 to 4,200,000, around AED 2,119 per sqft, and rent for AED 100,000 to 310,000 a year. 1004's AED 110,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Jul 20263,800,000
24 Jun 20263,900,000
22 Jun 20264,200,000
29 Apr 20263,600,000
8 2-bed sales in the last 12 months

Marina Residences 1

Building

162 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 9 sold in the last 12 months.

Typical price per sqft
AED 2,176
Typical sale
AED 3.85M
Typical rent
AED 210K /yr
Typical yield
5.1%
Marina Residences 1, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 162 units in Marina Residences 1
Value
10012-bedAED 2.6M · Jan 2014
10022-bedAED 3.3M · Jan 2024
10032-bedAED 2.29M · Nov 2017
10053-bedAED 3.72M · Oct 2011
10063-bedAED 7.28M · Oct 2009
10073-bedAED 2.5M · Jan 2021
10082-bedAED 4.45M · Jun 2024
1–7 of 10

1004, Marina Residences 1 in numbers

  • Sold twice: first on 25 January 2011 for AED 1,638,750, last on 7 December 2014 for AED 2,500,000 (AED 1,432 per sqft).
  • Rented since January 2015 on 7 Ejari contracts, from AED 172,500 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2014 price is 4.4%, before a service charge of about AED 29,100 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 1 sold for AED 3,200,000–4,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,176 per sqft.

Source: Dubai Land Department. Updated 13 February 2021.

Questions about 1004, Marina Residences 1

What did unit 1004 last sell for?

AED 2,500,000 on 7 December 2014: AED 1,432 per sqft for 1,746 sqft. The unit has 2 registered sales; the first was AED 1,638,750 in January 2011.

What is the rent for unit 1004?

AED 110,000 a year on the contract signed on 13 February 2021. The previous contract, from November 2019, was AED 115,000; the unit has been rented since January 2015.

How big is unit 1004?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2009.

What is unit 1004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Residences 1 sold for AED 3,200,000 to 4,200,000 in the last 12 months, around AED 2,119 per sqft.

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Mortgage on 1004, Marina Residences 1

Starts from the last sale price (AED 2.5M, 7 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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