507, Marina Residences 1
Sold prices and rental history: sold 3 times, last in May 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Marina Residences 1
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,439 sqft
- Floor
- 5th of 14
- Parking
- CB1+94
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 40,700 /yr
- Last sold
- AED 3.35M · May 2021
- Building
- Marina Residences 1
About 507, Marina Residences 1
507 is a three-bedroom apartment of 2,439 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 23 May 2021 for AED 3,350,000, or AED 1,373 per sqft, 15% above the AED 1,189 three-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 295,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 40,700 a year.
Sales and rents for 507 over time
507 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 507 sits
All 49 3-beds →507 last sold in May 2021 at AED 1,373 per sqft, 15% above what three-beds in Marina Residences 1 were fetching at the time (AED 1,189). 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. 507's AED 295,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Nov 202528 November 2025 | 4,053 sqft | 11,375,000 | 2,806 | ||
| 12 Jun 202512 June 2025 | 2,439 sqft | 5,650,000 | 2,316 | ||
| 21 Apr 202521 April 2025 | 2,751 sqft | 4,999,999 | 1,817 | ||
| 18 Oct 202418 October 2024 | 2,439 sqft | 4,300,000 | 1,763 |
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 | |
| 503 | 2-bed | 1,735 sqft | AED 2.85MAED 2,850,000 · May 2024May 2024 | 195,000 /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 | |
| 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 |
507, Marina Residences 1 in numbers
- Sold 3 times: first on 23 November 2010 for AED 3,673,100, last on 23 May 2021 for AED 3,350,000 (AED 1,373 per sqft).
- Rented since February 2016 on 10 Ejari contracts. The rent fell from AED 228,200 to AED 155,000 in 2020 and recovered to AED 295,000 by February 2025.
- At AED 295,000 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 40,700 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 1 February 2025.
Questions about 507, Marina Residences 1
What did unit 507 last sell for?
AED 3,350,000 on 23 May 2021: AED 1,373 per sqft for 2,439 sqft. The unit has 3 registered sales; the first was AED 3,673,100 in November 2010.
What is the rent for unit 507?
AED 295,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2025, was AED 295,000; the unit has been rented since February 2016.
How big is unit 507?
2,439 sqft (226.6 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.
What is unit 507 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 507, Marina Residences 1
Starts from the last sale price (AED 3.35M, 23 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 3,350,000
- Deposit, UAE resident (20%)
- AED 670,000
- Deposit, non-resident (40%)
- AED 1,340,000
- Monthly over 25 years at 3.7%
- AED 13,706
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →