3-bed · 4,053 sqftMarina Residences 1, Palm Jumeirah · 2nd floor · completed 2009

206, Marina Residences 1

Sold prices and rental history: sold once, by the developer in November 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 20 January 2020
Last soldAED 5.77M23 November 2010
Current rentAED 220K /yr20 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 206, Marina Residences 1

What is 206 worth today?

Last sold for AED 5,765,000 in 2010

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20 Jan 2020RentedRenewal
AED 220,000/yr6 months · AED 54 per sqft
20 Jan 2019RentedRenewal
AED 220,000/yr12 months · AED 54 per sqft
20 Jan 2018RentedRenewal
AED 220,000/yr12 months · AED 54 per sqft
20 Jan 2017RentedNew contract
AED 255,000/yr12 months · AED 63 per sqft
5 Aug 2014RentedNew contract
AED 262,500/yr12 months · AED 65 per sqft
5 Aug 2013RentedNew contract
AED 250,000/yr12 months · AED 62 per sqft
23 Nov 2010Sold by developerReady
AED 5,765,000AED 1,422 per sqft

Source: Dubai Land Department. Updated 20 January 2020.

Key facts

Type
3-bed apartment
Size
4,053 sqft
Floor
2nd of 14
Parking
CB1+95+ CB1+96
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 5.77M · November 2010

About 206, Marina Residences 1

206 is a three-bedroom apartment of 4,053 sqft on the 2nd 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 23 November 2010 for AED 5,765,000, or AED 1,422 per sqft, in line with the AED 1,410 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 20 January 2020, is AED 220,000 a year: a gross yield of 3.8% on the 2010 price, before the service charge of about AED 67,600 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical three-bed in Marina Residences 1
4M6M2009201420192024Typical 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, November 2010: AED 5,765,000 (AED 1,422 per sqft)

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

Rents
Unit 206, 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, August 2013: AED 250,000 a yearNew contract, August 2014: AED 262,500 a yearNew contract, January 2017: AED 255,000 a yearRenewal, January 2018: AED 220,000 a yearRenewal, January 2019: AED 220,000 a yearRenewal, January 2020: AED 220,000 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 206 sits

All 49 3-beds →

206 last sold in November 2010 at AED 1,422 per sqft, in line with what three-beds in Marina Residences 1 were fetching at the time (AED 1,410). 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. 206's AED 220,000 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
5.1%
Marina Residences 1, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 162 units in Marina Residences 1
Value
2012-bedAED 1.85M · Apr 2018
2022-bedAED 2.25M · Aug 2013
2032-bedAED 2.6M · Oct 2015
2042-bedAED 2.72M · Nov 2010
2053-bedAED 1.71M · Mar 2010
2073-bedAED 3.36M · Feb 2022
2082-bedAED 2.55M · Apr 2013
1–7 of 10

206, Marina Residences 1 in numbers

  • Sold once: by The Palm - Jumeirah Co on 23 November 2010 for AED 5,765,000, or AED 1,422 per sqft.
  • Rented since August 2013 on 6 Ejari contracts, from AED 250,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2010 price is 3.8%, 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 20 January 2020.

Questions about 206, Marina Residences 1

What did unit 206 last sell for?

AED 5,765,000 on 23 November 2010, sold by the developer: AED 1,422 per sqft for 4,053 sqft. It is the only registered sale of the unit.

What is the rent for unit 206?

AED 220,000 a year on the contract renewed on 20 January 2020. The previous contract, from January 2019, was AED 220,000; the unit has been rented since August 2013.

How big is unit 206?

4,053 sqft (376.5 sqm): a three-bedroom apartment on the 2nd floor of a 14-storey tower completed in 2009.

What is unit 206 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 206, Marina Residences 1

Starts from the last sale price (AED 5.77M, 23 November 2010). Switch to today's estimate once you have unlocked it.
Price
AED 5,765,000
Deposit, UAE resident (20%)
AED 1,153,000
Deposit, non-resident (40%)
AED 2,306,000
Monthly over 25 years at 3.7%
AED 23,586

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