503, Marina Residences 1
Sold prices and rental history: sold 3 times, last in May 2024, 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 503, Marina Residences 1
What is 503 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,735 sqft
- Floor
- 5th of 14
- Parking
- 1-B57
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 28,900 /yr
- Last sold
- AED 2.85M · May 2024
- Building
- Marina Residences 1
About 503, Marina Residences 1
503 is a two-bedroom apartment of 1,735 sqft on the 5th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 3 May 2024 for AED 2,850,000, or AED 1,642 per sqft, 13% above the AED 1,453 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 1 November 2024, is AED 195,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 28,900 a year.
Sales and rents for 503 over time
503 has sold 3 times; 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 503 sits
All 108 2-beds →503 last sold in May 2024 at AED 1,642 per sqft, 13% above what two-beds in Marina Residences 1 were fetching at the time (AED 1,453). 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. 503's AED 195,000 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 5th floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,870 sqft | AED 1.25MAED 1,250,000 · Nov 2020November 2020 | 200,000 /yr | |
| 502 | 2-bed | 1,735 sqft | AED 2.91MAED 2,914,100 · Apr 2011April 2011 | 105,000 /yr | |
| 504 | 2-bed | 1,746 sqft | AED 1.35MAED 1,350,000 · Aug 2023August 2023 | 160,000 /yr | |
| 505 | 3-bed | 1,219 sqft | AED 3.67MAED 3,673,100 · Mar 2011March 2011 | 100,000 /yr | |
| 506 | 3-bed | 4,053 sqft | AED 4.8MAED 4,800,000 · Jun 2021June 2021 | 425,000 /yr | |
| 507 | 3-bed | 2,439 sqft | AED 3.35MAED 3,350,000 · May 2021May 2021 | 295,000 /yr | |
| 508 | 2-bed | 1,746 sqft | AED 2.78MAED 2,780,000 · Apr 2011April 2011 | 208,654 /yr | |
| 509 | 2-bed | 1,735 sqft | AED 3.9MAED 3,900,000 · Apr 2025April 2025 | 190,000 /yr | |
| 510 | 2-bed | 1,735 sqft | AED 2.53MAED 2,525,000 · Jan 2023January 2023 | 156,000 /yr | |
| 511 | 2-bed | 1,870 sqft | AED 2.54MAED 2,543,900 · May 2010May 2010 | 212,000 /yr |
503, Marina Residences 1 in numbers
- Sold 3 times: first on 24 November 2010 for AED 2,960,800, last on 3 May 2024 for AED 2,850,000 (AED 1,642 per sqft).
- Rented since August 2013 on 8 Ejari contracts. The rent fell from AED 135,000 to AED 107,500 in 2021 and recovered to AED 195,000 by November 2024.
- At AED 195,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 28,900 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 November 2024.
Questions about 503, Marina Residences 1
What did unit 503 last sell for?
AED 2,850,000 on 3 May 2024: AED 1,642 per sqft for 1,735 sqft. The unit has 3 registered sales; the first was AED 2,960,800 in November 2010.
What is the rent for unit 503?
AED 195,000 a year on the contract signed on 1 November 2024. The previous contract, from November 2023, was AED 195,000; the unit has been rented since August 2013.
How big is unit 503?
1,735 sqft (161.2 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.
What is unit 503 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 503, Marina Residences 1
Starts from the last sale price (AED 2.85M, 3 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,850,000
- Deposit, UAE resident (20%)
- AED 570,000
- Deposit, non-resident (40%)
- AED 1,140,000
- Monthly over 25 years at 3.7%
- AED 11,660
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →