2-bed · 2,019 sqftMarina Residences 1, Palm Jumeirah · 12th floor · completed 2009

1211, Marina Residences 1

Sold prices and rental history: sold 3 times, last in June 2019, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1211 · DLD and Ejari recordsUpdated 25 June 2019
Last soldAED 1.7M25 June 2019
Current rentAED 165K /yr20 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1211, Marina Residences 1

What is 1211 worth today?

Last sold for AED 1,700,000 in 2019

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25 Jun 2019SoldReady
AED 1,700,000AED 841 per sqft
20 Oct 2016RentedNew contract
AED 165,000/yr12 months · AED 82 per sqft
26 Feb 2015RentedNew contract
AED 210,000/yr12 months · AED 104 per sqft
23 Jun 2014SoldReady
AED 2,675,000AED 1,324 per sqft
4 Jun 2012Sold by developerReady
AED 3,263,300AED 1,616 per sqft

Source: Dubai Land Department. Updated 25 June 2019.

Key facts

Type
2-bed apartment
Size
2,019 sqft
Floor
12th of 14
Parking
CLG+123
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 33,700 /yr
Last sold
AED 1.7M · June 2019

About 1211, Marina Residences 1

1211 is a two-bedroom apartment of 2,019 sqft on the 12th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 25 June 2019 for AED 1,700,000, or AED 841 per sqft, 11% below the AED 950 two-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 20 October 2016, is AED 165,000 a year: a gross yield of 9.7% on the 2019 price, before the service charge of about AED 33,700 a year.

Sales and rents for 1211 over time

Sales
Unit 1211, 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, June 2012: AED 3,263,300 (AED 1,616 per sqft)Sold, June 2014: AED 2,675,000 (AED 1,324 per sqft)Sold, June 2019: AED 1,700,000 (AED 841 per sqft)

1211 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1211, 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, February 2015: AED 210,000 a yearNew contract, October 2016: AED 165,000 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 1211 sits

All 108 2-beds →

1211 last sold in June 2019 at AED 841 per sqft, 11% below what two-beds in Marina Residences 1 were fetching at the time (AED 950). 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. 1211's AED 165,000 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 12th floor

All 162 units in Marina Residences 1
Value
12012-bedAED 2.2M · Oct 2016
12022-bedAED 2.9M · Apr 2014
12032-bedAED 2.3M · Aug 2013
12042-bedAED 3.2M · Mar 2024
12053-bedAED 4.5M · Sep 2024
12063-bedAED 6M · Feb 2013
12073-bedAED 3.55M · Oct 2016
1–7 of 10

1211, Marina Residences 1 in numbers

  • Sold 3 times: first on 4 June 2012 for AED 3,263,300, last on 25 June 2019 for AED 1,700,000 (AED 841 per sqft).
  • Rented since February 2015 on 2 Ejari contracts, from AED 210,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2019 price is 9.7%, 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 25 June 2019.

Questions about 1211, Marina Residences 1

What did unit 1211 last sell for?

AED 1,700,000 on 25 June 2019: AED 841 per sqft for 2,019 sqft. The unit has 3 registered sales; the first was AED 3,263,300 in June 2012.

What is the rent for unit 1211?

AED 165,000 a year on the contract signed on 20 October 2016. The previous contract, from February 2015, was AED 210,000.

How big is unit 1211?

2,019 sqft (187.6 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2009.

What is unit 1211 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 1211, Marina Residences 1

Starts from the last sale price (AED 1.7M, 25 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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