508, Marina Residences 1
Sold prices and rental history: sold once, by the developer in April 2011, 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 508, Marina Residences 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 21 March 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,746 sqft
- Floor
- 5th of 14
- Parking
- CB1+99
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 29,100 /yr
- Last sold
- AED 2.78M · April 2011
- Building
- Marina Residences 1
About 508, Marina Residences 1
508 is a two-bedroom apartment of 1,746 sqft on the 5th 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 26 April 2011 for AED 2,780,000, or AED 1,592 per sqft, in line with the AED 1,563 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 11 Ejari contracts. The current contract, renewed on 21 March 2026, is AED 208,654 a year: a gross yield of 7.5% on the 2011 price, before the service charge of about AED 29,100 a year.
Sales and rents for 508 over time
508 has sold once; 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 508 sits
All 108 2-beds →508 last sold in April 2011 at AED 1,592 per sqft, in line with what two-beds in Marina Residences 1 were fetching at the time (AED 1,563). 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. 508's AED 208,654 is in the upper 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 | |
| 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 | |
| 507 | 3-bed | 2,439 sqft | AED 3.35MAED 3,350,000 · May 2021May 2021 | 295,000 /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 |
508, Marina Residences 1 in numbers
- Sold once: by The Palm - Jumeirah Co on 26 April 2011 for AED 2,780,000, or AED 1,592 per sqft.
- Rented since January 2016 on 11 Ejari contracts. The rent fell from AED 175,000 to AED 120,000 in 2021 and recovered to AED 208,654 by March 2026.
- At AED 208,654 a year the gross yield on the 2011 price is 7.5%, before a service charge of about AED 29,100 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 21 March 2026.
Questions about 508, Marina Residences 1
What did unit 508 last sell for?
AED 2,780,000 on 26 April 2011, sold by the developer: AED 1,592 per sqft for 1,746 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 208,654 a year on the contract renewed on 21 March 2026. The previous contract, from March 2025, was AED 210,000; the unit has been rented since January 2016.
How big is unit 508?
1,746 sqft (162.2 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.
What is unit 508 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 508, Marina Residences 1
Starts from the last sale price (AED 2.78M, 26 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,780,000
- Deposit, UAE resident (20%)
- AED 556,000
- Deposit, non-resident (40%)
- AED 1,112,000
- Monthly over 25 years at 3.7%
- AED 11,374
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →