1308, Marina Residences 1
Sold prices and rental history: sold twice, last in March 2015, 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 1308, Marina Residences 1
What is 1308 worth today?
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Source: Dubai Land Department. Updated 7 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,746 sqft
- Floor
- 13th of 14
- Parking
- CLG+112
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 29,100 /yr
- Last sold
- AED 3M · March 2015
- Building
- Marina Residences 1
About 1308, Marina Residences 1
1308 is a two-bedroom apartment of 1,746 sqft on the 13th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 9 March 2015 for AED 3,000,000, or AED 1,718 per sqft, 17% above the AED 1,465 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 7 September 2024, is AED 165,000 a year: a gross yield of 5.5% on the 2015 price, before the service charge of about AED 29,100 a year.
Sales and rents for 1308 over time
1308 has sold twice; 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 1308 sits
All 108 2-beds →1308 last sold in March 2015 at AED 1,718 per sqft, 17% above what two-beds in Marina Residences 1 were fetching at the time (AED 1,465). 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. 1308's AED 165,000 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 13th floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 2-bed | 2,019 sqft | AED 2.49MAED 2,490,000 · Jan 2011January 2011 | 173,250 /yr | |
| 1302 | 2-bed | 1,778 sqft | AED 2.79MAED 2,790,000 · Jan 2011January 2011 | 200,000 /yr | |
| 1303 | 2-bed | 1,778 sqft | AED 4.18MAED 4,175,000 · Mar 2026March 2026 | 205,000 /yr | |
| 1304 | 2-bed | 1,746 sqft | AED 2.95MAED 2,950,000 · Aug 2015August 2015 | 184,800 /yr | |
| 1305 | 3-bed | 2,524 sqft | AED 3.74MAED 3,743,483 · Jul 2024July 2024 | 250,000 /yr | |
| 1306 | 3-bed | 4,054 sqft | AED 4.68MAED 4,675,000 · Jul 2017July 2017 | 275,000 /yr | |
| 1307 | 3-bed | 2,524 sqft | AED 4.1MAED 4,100,000 · May 2015May 2015 | 280,000 /yr | |
| 1309 | 2-bed | 1,778 sqft | AED 1.5MAED 1,500,000 · May 2012May 2012 | 210,000 /yr | |
| 1310 | 2-bed | 1,778 sqft | AED 3.2MAED 3,200,000 · Feb 2026February 2026 | 205,000 /yr | |
| 1311 | 2-bed | 2,019 sqft | AED 2.78MAED 2,775,000 · Jan 2014January 2014 | 130,000 /yr |
1308, Marina Residences 1 in numbers
- Sold twice: first on 17 April 2011 for AED 1,844,150, last on 9 March 2015 for AED 3,000,000 (AED 1,718 per sqft).
- Rented since February 2013 on 13 Ejari contracts. The rent fell from AED 142,000 to AED 125,000 in 2021 and recovered to AED 165,000 by September 2024.
- At AED 165,000 a year the gross yield on the 2015 price is 5.5%, 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 7 September 2024.
Questions about 1308, Marina Residences 1
What did unit 1308 last sell for?
AED 3,000,000 on 9 March 2015: AED 1,718 per sqft for 1,746 sqft. The unit has 2 registered sales; the first was AED 1,844,150 in April 2011.
What is the rent for unit 1308?
AED 165,000 a year on the contract renewed on 7 September 2024. The previous contract, from September 2023, was AED 150,000; the unit has been rented since February 2013.
How big is unit 1308?
1,746 sqft (162.2 sqm): a two-bedroom apartment on the 13th floor of a 14-storey tower completed in 2009.
What is unit 1308 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 1308, Marina Residences 1
Starts from the last sale price (AED 3M, 9 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →