2-bed · 2,019 sqftMarina Residences 1, Palm Jumeirah · 11th floor · completed 2009

1101, Marina Residences 1

Sold prices and rental history: sold 4 times, last in December 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1101 · DLD and Ejari recordsUpdated 15 April 2024
Last soldAED 2.75M7 December 2023
Current rentAED 200K /yr15 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1101, Marina Residences 1

What is 1101 worth today?

Last sold for AED 2,750,000 in 2023

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15 Apr 2024RentedNew contract
AED 200,000/yr12 months · AED 99 per sqft
7 Dec 2023SoldReady
AED 2,750,000AED 1,361 per sqft
20 Mar 2023RentedRenewal
AED 126,500/yr12 months · AED 63 per sqft
10 Mar 2023SoldReady
AED 2,155,600AED 1,067 per sqft
20 Mar 2022RentedNew contract
AED 115,000/yr12 months · AED 57 per sqft
20 Mar 2021RentedRenewal
AED 100,000/yr12 months · AED 49 per sqft
20 Mar 2020RentedNew contract
AED 100,000/yr12 months · AED 49 per sqft
23 Dec 2017RentedNew contract
AED 120,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 15 April 2024.

Key facts

Type
2-bed apartment
Size
2,019 sqft
Floor
11th of 14
Parking
1-LG119
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 33,700 /yr
Last sold
AED 2.75M · December 2023

About 1101, Marina Residences 1

1101 is a two-bedroom apartment of 2,019 sqft on the 11th 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 2023 for AED 2,750,000, or AED 1,361 per sqft, 6% below the AED 1,453 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 15 April 2024, is AED 200,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 33,700 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, 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, August 2010: AED 2,834,100 (AED 1,403 per sqft)Sold, October 2010: AED 1,150,000 (AED 569 per sqft)Sold, March 2023: AED 2,155,600 (AED 1,067 per sqft)Sold, December 2023: AED 2,750,000 (AED 1,361 per sqft)

1101 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1101, 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, August 2013: AED 150,404 a yearNew contract, August 2014: AED 165,445 a yearNew contract, September 2015: AED 150,000 a yearNew contract, November 2016: AED 135,000 a yearNew contract, December 2017: AED 120,000 a yearNew contract, March 2020: AED 100,000 a yearRenewal, March 2021: AED 100,000 a yearNew contract, March 2022: AED 115,000 a yearRenewal, March 2023: AED 126,500 a yearNew contract, April 2024: AED 200,000 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 1101 sits

All 108 2-beds →

1101 last sold in December 2023 at AED 1,361 per sqft, 6% below what two-beds in Marina Residences 1 were fetching at the time (AED 1,453). 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. 1101's AED 200,000 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 11th floor

All 162 units in Marina Residences 1
Value
11022-bedAED 3.08M · Sep 2010
11032-bedAED 3.33M · Sep 2010
11042-bedAED 3.25M · Sep 2010
11053-bedAED 3.97M · Apr 2024
11063-bedAED 6.78M · Jan 2014
11073-bedAED 4.9M · Mar 2024
11082-bedAED 2.5M · Mar 2013
1–7 of 10

1101, Marina Residences 1 in numbers

  • Sold 4 times: first on 2 August 2010 for AED 2,834,100, last on 7 December 2023 for AED 2,750,000 (AED 1,361 per sqft).
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 150,404 to AED 100,000 in 2021 and recovered to AED 200,000 by April 2024.
  • At AED 200,000 a year the gross yield on the 2023 price is 7.3%, before a service charge of about AED 33,700 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 15 April 2024.

Questions about 1101, Marina Residences 1

What did unit 1101 last sell for?

AED 2,750,000 on 7 December 2023: AED 1,361 per sqft for 2,019 sqft. The unit has 4 registered sales; the first was AED 2,834,100 in August 2010.

What is the rent for unit 1101?

AED 200,000 a year on the contract signed on 15 April 2024. The previous contract, from March 2023, was AED 126,500; the unit has been rented since August 2013.

How big is unit 1101?

2,019 sqft (187.6 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2009.

What is unit 1101 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 1101, Marina Residences 1

Starts from the last sale price (AED 2.75M, 7 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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