2-bed · 1,953 sqftMarina Residences 1, Palm Jumeirah · 2nd floor · completed 2009

201, Marina Residences 1

Sold prices and rental history: sold twice, last in April 2018, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 201 · DLD and Ejari recordsUpdated 10 April 2018
Last soldAED 1.85M10 April 2018
Current rentAED 166K /yr28 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 201, Marina Residences 1

What is 201 worth today?

Last sold for AED 1,850,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Apr 2018SoldReady
AED 1,850,000AED 947 per sqft
28 Mar 2016RentedRenewal
AED 166,000/yr12 months · AED 85 per sqft
28 Mar 2015RentedRenewal
AED 166,000/yr12 months · AED 85 per sqft
28 Mar 2014RentedNew contract
AED 160,000/yr12 months · AED 82 per sqft
1 Mar 2012Sold by developerReady
AED 2,505,700AED 1,282 per sqft

Source: Dubai Land Department. Updated 10 April 2018.

Key facts

Type
2-bed apartment
Size
1,953 sqft
Floor
2nd of 14
Parking
CLG+36
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,600 /yr
Last sold
AED 1.85M · April 2018

About 201, Marina Residences 1

201 is a two-bedroom apartment of 1,953 sqft on the 2nd floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 10 April 2018 for AED 1,850,000, or AED 947 per sqft, 25% below the AED 1,256 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 28 March 2016, is AED 166,000 a year: a gross yield of 9.0% on the 2018 price, before the service charge of about AED 32,600 a year.

Sales and rents for 201 over time

Sales
Unit 201, 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, March 2012: AED 2,505,700 (AED 1,282 per sqft)Sold, April 2018: AED 1,850,000 (AED 947 per sqft)

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

Rents
Unit 201, 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, March 2014: AED 160,000 a yearRenewal, March 2015: AED 166,000 a yearRenewal, March 2016: AED 166,000 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 201 sits

All 108 2-beds →

201 last sold in April 2018 at AED 947 per sqft, 25% below what two-beds in Marina Residences 1 were fetching at the time (AED 1,256). 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. 201's AED 166,000 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
5.0%
Marina Residences 1, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 162 units in Marina Residences 1
Value
2022-bedAED 2.25M · Aug 2013
2032-bedAED 2.6M · Oct 2015
2042-bedAED 2.72M · Nov 2010
2053-bedAED 1.71M · Mar 2010
2063-bedAED 5.77M · Nov 2010
2073-bedAED 3.36M · Feb 2022
2082-bedAED 2.55M · Apr 2013
1–7 of 10

201, Marina Residences 1 in numbers

  • Sold twice: first on 1 March 2012 for AED 2,505,700, last on 10 April 2018 for AED 1,850,000 (AED 947 per sqft).
  • Rented since March 2014 on 3 Ejari contracts, from AED 160,000 to AED 166,000 a year.
  • At AED 166,000 a year the gross yield on the 2018 price is 9.0%, before a service charge of about AED 32,600 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 10 April 2018.

Questions about 201, Marina Residences 1

What did unit 201 last sell for?

AED 1,850,000 on 10 April 2018: AED 947 per sqft for 1,953 sqft. The unit has 2 registered sales; the first was AED 2,505,700 in March 2012.

What is the rent for unit 201?

AED 166,000 a year on the contract renewed on 28 March 2016. The previous contract, from March 2015, was AED 166,000; the unit has been rented since March 2014.

How big is unit 201?

1,953 sqft (181.4 sqm): a two-bedroom apartment on the 2nd floor of a 14-storey tower completed in 2009.

What is unit 201 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.

Selling 201? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 201, Marina Residences 1

Starts from the last sale price (AED 1.85M, 10 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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