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

211, Marina Residences 1

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 211 · DLD and Ejari recordsUpdated 1 October 2021
Last soldAED 2.36M3 March 2011
Current rentAED 95K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 211, Marina Residences 1

What is 211 worth today?

Last sold for AED 2,362,000 in 2011

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1 Oct 2021RentedRenewal
AED 95,000/yr12 months · AED 49 per sqft
1 Oct 2020RentedRenewal
AED 95,000/yr12 months · AED 49 per sqft
1 Oct 2019RentedNew contract
AED 105,000/yr12 months · AED 54 per sqft
15 May 2017RentedNew contract
AED 130,000/yr12 months · AED 67 per sqft
21 Nov 2015RentedRenewal
AED 140,000/yr12 months · AED 72 per sqft
21 Nov 2014RentedNew contract
AED 130,000/yr12 months · AED 67 per sqft
21 Nov 2013RentedNew contract
AED 100,000/yr12 months · AED 51 per sqft
3 Mar 2011Sold by developerReady
AED 2,362,000AED 1,209 per sqft

Source: Dubai Land Department. Updated 1 October 2021.

Key facts

Type
2-bed apartment
Size
1,953 sqft
Floor
2nd of 14
Parking
CLG+37
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,600 /yr
Last sold
AED 2.36M · March 2011

About 211, Marina Residences 1

211 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. The developer sold it on 3 March 2011 for AED 2,362,000, or AED 1,209 per sqft, 22% below the AED 1,544 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 October 2021, is AED 95,000 a year: a gross yield of 4.0% on the 2011 price, before the service charge of about AED 32,600 a year.

Sales and rents for 211 over time

Sales
Unit 211, 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 2011: AED 2,362,000 (AED 1,209 per sqft)

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

Rents
Unit 211, 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, November 2013: AED 100,000 a yearNew contract, November 2014: AED 130,000 a yearRenewal, November 2015: AED 140,000 a yearNew contract, May 2017: AED 130,000 a yearNew contract, October 2019: AED 105,000 a yearRenewal, October 2020: AED 95,000 a yearRenewal, October 2021: AED 95,000 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 211 sits

All 108 2-beds →

211 last sold in March 2011 at AED 1,209 per sqft, 22% below what two-beds in Marina Residences 1 were fetching at the time (AED 1,544). 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. 211's AED 95,000 is at the bottom 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 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
2063-bedAED 5.77M · Nov 2010
2073-bedAED 3.36M · Feb 2022
1–7 of 10

211, Marina Residences 1 in numbers

  • Sold once: by The Palm - Jumeirah Co on 3 March 2011 for AED 2,362,000, or AED 1,209 per sqft.
  • Rented since November 2013 on 7 Ejari contracts, from AED 100,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2011 price is 4.0%, 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 1 October 2021.

Questions about 211, Marina Residences 1

What did unit 211 last sell for?

AED 2,362,000 on 3 March 2011, sold by the developer: AED 1,209 per sqft for 1,953 sqft. It is the only registered sale of the unit.

What is the rent for unit 211?

AED 95,000 a year on the contract renewed on 1 October 2021. The previous contract, from October 2020, was AED 95,000; the unit has been rented since November 2013.

How big is unit 211?

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 211 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 211, Marina Residences 1

Starts from the last sale price (AED 2.36M, 3 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,362,000
Deposit, UAE resident (20%)
AED 472,400
Deposit, non-resident (40%)
AED 944,800
Monthly over 25 years at 3.7%
AED 9,664

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