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3-bed · 2,440 sqftMarina Residences 1, Palm Jumeirah · 4th floor · completed 2009

407, Marina Residences 1

Sold prices and rental history: sold once, by the developer in June 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 6 June 2011
Last soldAED 3.61M6 June 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Marina Residences 1

What is 407 worth today?

Last sold for AED 3,613,900 in 2011

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6 Jun 2011Sold by developerReady
AED 3,613,900AED 1,481 per sqft

Source: Dubai Land Department. Updated 6 June 2011.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
4th of 14
Parking
CB1+88
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 3.61M · June 2011
Building
Marina Residences 1

About 407, Marina Residences 1

407 is a three-bedroom apartment of 2,440 sqft on the 4th 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 6 June 2011 for AED 3,613,900, or AED 1,481 per sqft, 8% above the AED 1,373 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales
Unit 407, 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, June 2011: AED 3,613,900 (AED 1,481 per sqft)

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

Rents
Unit 407, 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 332,011

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 407 sits

All 49 3-beds →

407 last sold in June 2011 at AED 1,481 per sqft, 8% above what three-beds in Marina Residences 1 were fetching at the time (AED 1,373). 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.

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 4th floor

All 162 units in Marina Residences 1
Value
4012-bedAED 3.58M · Feb 2025
4022-bedAED 2.87M · Dec 2011
4032-bedAED 2.97M · Nov 2011
4042-bedAED 2.4M · Aug 2013
4053-bedAED 3.61M · Nov 2010
4063-bedAED 11.38M · Nov 2025
4082-bedAED 2.85M · Nov 2010
1–7 of 10

407, Marina Residences 1 in numbers

  • Sold once: by The Palm - Jumeirah Co on 6 June 2011 for AED 3,613,900, or AED 1,481 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 6 June 2011.

Questions about 407, Marina Residences 1

What did unit 407 last sell for?

AED 3,613,900 on 6 June 2011, sold by the developer: AED 1,481 per sqft for 2,440 sqft. It is the only registered sale of the unit.

How big is unit 407?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 4th floor of a 14-storey tower completed in 2009.

What is unit 407 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 407, Marina Residences 1

Starts from the last sale price (AED 3.61M, 6 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,613,900
Deposit, UAE resident (20%)
AED 722,780
Deposit, non-resident (40%)
AED 1,445,560
Monthly over 25 years at 3.7%
AED 14,786

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