3-bed · 4,054 sqftMarina Residences 1, Palm Jumeirah · 11th floor · completed 2009

1106, Marina Residences 1

Sold prices and rental history: sold twice, last in January 2014, and rented once, from November 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 2 January 2014
Last soldAED 6.78M2 January 2014
Current rentAED 285K /yr1 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1106, Marina Residences 1

What is 1106 worth today?

Last sold for AED 6,775,000 in 2014

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2 Jan 2014SoldReady
AED 6,775,000AED 1,671 per sqft
1 Nov 2012RentedNew contract
AED 285,000/yr12 months · AED 70 per sqft
17 Aug 2011Sold by developerReady
AED 4,800,000AED 1,184 per sqft

Source: Dubai Land Department. Updated 2 January 2014.

Key facts

Type
3-bed apartment
Size
4,054 sqft
Floor
11th of 14
Parking
CLG+91+ CLG+92
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 6.78M · January 2014

About 1106, Marina Residences 1

1106 is a three-bedroom apartment of 4,054 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 2 January 2014 for AED 6,775,000, or AED 1,671 per sqft, 15% above the AED 1,457 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2012. The current contract, signed on 1 November 2012, is AED 285,000 a year: a gross yield of 4.2% on the 2014 price, before the service charge of about AED 67,600 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, each saleTypical three-bed in Marina Residences 1
2M4M6M2009201420192024Typical sale price by year: 2009 AED 4,251,200; 2010 AED 3,556,950; 2011 AED 4,000,000; 2012 AED 2,664,750; 2013 AED 3,500,000; 2014 AED 4,943,650; 2015 AED 3,800,000; 2017 AED 4,675,000; 2019 AED 2,900,000; 2021 AED 3,350,000; 2022 AED 3,600,000; 2023 AED 4,400,000; 2024 AED 4,275,000; 2025 AED 5,650,000Sold by developer, August 2011: AED 4,800,000 (AED 1,184 per sqft)Sold, January 2014: AED 6,775,000 (AED 1,671 per sqft)

1106 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1106, each contractTypical three-bed in Marina Residences 1
200K300K2012201620202024Typical rent by year: 2012 AED 195,000; 2013 AED 207,500; 2014 AED 240,000; 2015 AED 240,000; 2016 AED 234,100; 2017 AED 190,000; 2018 AED 180,000; 2019 AED 165,000; 2020 AED 150,000; 2021 AED 169,150; 2022 AED 180,000; 2023 AED 224,682; 2024 AED 255,000; 2025 AED 295,000; 2026 AED 332,011New contract, November 2012: AED 285,000 a year

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

3-beds in Marina Residences 1, and where 1106 sits

All 49 3-beds →

1106 last sold in January 2014 at AED 1,671 per sqft, 15% above what three-beds in Marina Residences 1 were fetching at the time (AED 1,457). Over the last 12 months three-beds sold for AED 11,375,000, around AED 2,806 per sqft, and rent for AED 199,407 to 600,000 a year. 1106's AED 285,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Nov 202511,375,000
12 Jun 20255,650,000
21 Apr 20254,999,999
18 Oct 20244,300,000
1 3-bed sale 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
5.0%
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
11032-bedAED 3.33M · Sep 2010
11042-bedAED 3.25M · Sep 2010
11053-bedAED 3.97M · Apr 2024
11073-bedAED 4.9M · Mar 2024
11082-bedAED 2.5M · Mar 2013
1–7 of 10

1106, Marina Residences 1 in numbers

  • Sold twice: first on 17 August 2011 for AED 4,800,000, last on 2 January 2014 for AED 6,775,000 (AED 1,671 per sqft).
  • Rented since November 2012 on one Ejari contract, at AED 285,000 a year.
  • At AED 285,000 a year the gross yield on the 2014 price is 4.2%, before a service charge of about AED 67,600 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 1 sold for AED 11,375,000–11,375,000 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 2 January 2014.

Questions about 1106, Marina Residences 1

What did unit 1106 last sell for?

AED 6,775,000 on 2 January 2014: AED 1,671 per sqft for 4,054 sqft. The unit has 2 registered sales; the first was AED 4,800,000 in August 2011.

What is the rent for unit 1106?

AED 285,000 a year on the contract signed on 1 November 2012.

How big is unit 1106?

4,054 sqft (376.6 sqm): a three-bedroom apartment on the 11th floor of a 14-storey tower completed in 2009.

What is unit 1106 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Residences 1 sold for AED 11,375,000 to 11,375,000 in the last 12 months, around AED 2,806 per sqft.

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Mortgage on 1106, Marina Residences 1

Starts from the last sale price (AED 6.78M, 2 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 6,775,000
Deposit, UAE resident (20%)
AED 1,355,000
Deposit, non-resident (40%)
AED 2,710,000
Monthly over 25 years at 3.7%
AED 27,719

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