1008, Marina Residences 1
Sold prices and rental history: sold 5 times, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Marina Residences 1
What is 1008 worth today?
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Source: Dubai Land Department. Updated 20 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,746 sqft
- Floor
- 10th of 14
- Parking
- 1-B107
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 29,100 /yr
- Last sold
- AED 4.45M · June 2024
- Building
- Marina Residences 1
About 1008, Marina Residences 1
1008 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 20 June 2024 for AED 4,450,000, or AED 2,549 per sqft, 63% above the AED 1,564 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 10 September 2017, is AED 180,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 29,100 a year.
Sales and rents for 1008 over time
1008 has sold 5 times; the dashed line is the two-bed median of each year in the building.
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 1008 sits
All 108 2-beds →1008 last sold in June 2024 at AED 2,549 per sqft, 63% above what two-beds in Marina Residences 1 were fetching at the time (AED 1,564). 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. 1008's AED 180,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jul 202613 July 2026 | 1,746 sqft | 3,800,000 | 2,176 | ||
| 24 Jun 202624 June 2026 | 1,735 sqft | 3,900,000 | 2,247 | ||
| 22 Jun 202622 June 2026 | 1,735 sqft | 4,200,000 | 2,420 | ||
| 29 Apr 202629 April 2026 | 1,746 sqft | 3,600,000 | 2,062 |
Marina Residences 1
Building162 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%
Other units on the 10th floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,870 sqft | AED 2.6MAED 2,600,000 · Jan 2014January 2014 | 194,259 /yr | |
| 1002 | 2-bed | 1,778 sqft | AED 3.3MAED 3,300,000 · Jan 2024January 2024 | 237,000 /yr | |
| 1003 | 2-bed | 1,778 sqft | AED 2.29MAED 2,288,000 · Nov 2017November 2017 | 150,000 /yr | |
| 1004 | 2-bed | 1,746 sqft | AED 2.5MAED 2,500,000 · Dec 2014December 2014 | 110,000 /yr | |
| 1005 | 3-bed | 2,524 sqft | AED 3.72MAED 3,724,400 · Oct 2011October 2011 | 198,720 /yr | |
| 1006 | 3-bed | 4,054 sqft | AED 7.28MAED 7,282,300 · Oct 2009October 2009 | ||
| 1007 | 3-bed | 2,524 sqft | AED 2.5MAED 2,500,000 · Jan 2021January 2021 | 180,000 /yr | |
| 1009 | 2-bed | 1,778 sqft | AED 1.88MAED 1,875,000 · Dec 2011December 2011 | 215,000 /yr | |
| 1010 | 2-bed | 1,778 sqft | AED 1.34MAED 1,337,500 · Jul 2016July 2016 | 215,000 /yr | |
| 1011 | 2-bed | 1,870 sqft | AED 2.3MAED 2,300,000 · Apr 2013April 2013 | 180,000 /yr |
1008, Marina Residences 1 in numbers
- Sold 5 times: first on 17 March 2011 for AED 1,638,750, last on 20 June 2024 for AED 4,450,000 (AED 2,549 per sqft).
- Rented since July 2013 on 5 Ejari contracts, from AED 160,000 to AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2024 price is 4.0%, 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 20 June 2024.
Questions about 1008, Marina Residences 1
What did unit 1008 last sell for?
AED 4,450,000 on 20 June 2024: AED 2,549 per sqft for 1,746 sqft. The unit has 5 registered sales; the first was AED 1,638,750 in March 2011.
What is the rent for unit 1008?
AED 180,000 a year on the contract renewed on 10 September 2017. The previous contract, from September 2016, was AED 185,000; the unit has been rented since July 2013.
How big is unit 1008?
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 1008 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 1008, Marina Residences 1
Starts from the last sale price (AED 4.45M, 20 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,450,000
- Deposit, UAE resident (20%)
- AED 890,000
- Deposit, non-resident (40%)
- AED 1,780,000
- Monthly over 25 years at 3.7%
- AED 18,206
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →