2-bed · 1,778 sqftMarina Residences 1, Palm Jumeirah · 11th floor · completed 2009

1103, Marina Residences 1

Sold prices and rental history: sold once, by the developer in September 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1103 · DLD and Ejari recordsUpdated 26 January 2020
Last soldAED 3.33M19 September 2010
Current rentAED 105K /yr26 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1103, Marina Residences 1

What is 1103 worth today?

Last sold for AED 3,328,500 in 2010

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26 Jan 2020RentedNew contract
AED 105,000/yr12 months · AED 59 per sqft
25 Jan 2019RentedRenewal
AED 145,000/yr12 months · AED 82 per sqft
25 Jan 2018RentedRenewal
AED 165,000/yr12 months · AED 93 per sqft
25 Jan 2017RentedRenewal
AED 165,000/yr12 months · AED 93 per sqft
25 Jan 2016RentedRenewal
AED 165,000/yr12 months · AED 93 per sqft
25 Jan 2015RentedNew contract
AED 185,000/yr12 months · AED 104 per sqft
25 Jan 2014RentedNew contract
AED 185,000/yr12 months · AED 104 per sqft
19 Sep 2010Sold by developerReady
AED 3,328,500AED 1,872 per sqft

Source: Dubai Land Department. Updated 26 January 2020.

Key facts

Type
2-bed apartment
Size
1,778 sqft
Floor
11th of 14
Parking
GG-02,WEST&CLG+131
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,600 /yr
Last sold
AED 3.33M · September 2010

About 1103, Marina Residences 1

1103 is a two-bedroom apartment of 1,778 sqft on the 11th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 19 September 2010 for AED 3,328,500, or AED 1,872 per sqft, 21% above the AED 1,546 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 26 January 2020, is AED 105,000 a year: a gross yield of 3.1% on the 2010 price, before the service charge of about AED 29,600 a year.

Sales and rents for 1103 over time

Sales
Unit 1103, each saleTypical two-bed in Marina Residences 1
2M3M4M2010201520202025Typical 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, September 2010: AED 3,328,500 (AED 1,872 per sqft)

1103 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1103, 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 2014: AED 185,000 a yearNew contract, January 2015: AED 185,000 a yearRenewal, January 2016: AED 165,000 a yearRenewal, January 2017: AED 165,000 a yearRenewal, January 2018: AED 165,000 a yearRenewal, January 2019: AED 145,000 a yearNew contract, January 2020: AED 105,000 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 1103 sits

All 108 2-beds →

1103 last sold in September 2010 at AED 1,872 per sqft, 21% above what two-beds in Marina Residences 1 were fetching at the time (AED 1,546). 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. 1103's AED 105,000 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
11012-bedAED 2.75M · Dec 2023
11022-bedAED 3.08M · 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

1103, Marina Residences 1 in numbers

  • Sold once: by The Palm - Jumeirah Co on 19 September 2010 for AED 3,328,500, or AED 1,872 per sqft.
  • Rented since January 2014 on 7 Ejari contracts, from AED 185,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2010 price is 3.1%, before a service charge of about AED 29,600 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 26 January 2020.

Questions about 1103, Marina Residences 1

What did unit 1103 last sell for?

AED 3,328,500 on 19 September 2010, sold by the developer: AED 1,872 per sqft for 1,778 sqft. It is the only registered sale of the unit.

What is the rent for unit 1103?

AED 105,000 a year on the contract signed on 26 January 2020. The previous contract, from January 2019, was AED 145,000; the unit has been rented since January 2014.

How big is unit 1103?

1,778 sqft (165.2 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2009.

What is unit 1103 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 1103, Marina Residences 1

Starts from the last sale price (AED 3.33M, 19 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 3,328,500
Deposit, UAE resident (20%)
AED 665,700
Deposit, non-resident (40%)
AED 1,331,400
Monthly over 25 years at 3.7%
AED 13,618

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