704, Marina Residences 1
Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Marina Residences 1
What is 704 worth today?
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Source: Dubai Land Department. Updated 28 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,746 sqft
- Floor
- 7th of 14
- Parking
- CB1+117
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 29,100 /yr
- Last sold
- AED 2.98M · December 2011
- Building
- Marina Residences 1
About 704, Marina Residences 1
704 is a two-bedroom apartment of 1,746 sqft on the 7th 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 27 December 2011 for AED 2,981,500, or AED 1,707 per sqft, 16% above the AED 1,466 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 14 Ejari contracts. The current contract, renewed on 28 November 2025, is AED 165,000 a year: a gross yield of 5.5% on the 2011 price, before the service charge of about AED 29,100 a year.
Sales and rents for 704 over time
704 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 704 sits
All 108 2-beds →704 last sold in December 2011 at AED 1,707 per sqft, 16% above what two-beds in Marina Residences 1 were fetching at the time (AED 1,466). 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. 704's AED 165,000 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 7th floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,870 sqft | AED 2.58MAED 2,580,000 · Sep 2023September 2023 | 210,000 /yr | |
| 702 | 2-bed | 1,735 sqft | AED 2.89MAED 2,891,700 · May 2011May 2011 | 100,000 /yr | |
| 703 | 2-bed | 1,735 sqft | AED 2.94MAED 2,935,600 · Dec 2011December 2011 | 165,000 /yr | |
| 705 | 3-bed | 2,439 sqft | AED 3.79MAED 3,790,400 · Nov 2010November 2010 | 235,000 /yr | |
| 706 | 3-bed | 4,054 sqft | AED 4.95MAED 4,950,000 · Nov 2017November 2017 | ||
| 707 | 3-bed | 2,439 sqft | AED 5.65MAED 5,650,000 · Jun 2025June 2025 | 368,000 /yr | |
| 708 | 2-bed | 1,746 sqft | AED 2.82MAED 2,820,000 · Mar 2017March 2017 | ||
| 709 | 2-bed | 1,735 sqft | AED 2.77MAED 2,770,000 · Mar 2017March 2017 | ||
| 710 | 2-bed | 1,735 sqft | AED 3.9MAED 3,900,000 · Jun 2026June 2026 | 164,450 /yr | |
| 711 | 2-bed | 1,870 sqft | AED 1.75MAED 1,750,000 · Apr 2019April 2019 | 145,000 /yr |
704, Marina Residences 1 in numbers
- Sold once: by The Palm - Jumeirah Co on 27 December 2011 for AED 2,981,500, or AED 1,707 per sqft.
- Rented since May 2012 on 14 Ejari contracts. The rent fell from AED 124,000 to AED 90,000 in 2021 and recovered to AED 165,000 by November 2025.
- At AED 165,000 a year the gross yield on the 2011 price is 5.5%, 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 28 November 2025.
Questions about 704, Marina Residences 1
What did unit 704 last sell for?
AED 2,981,500 on 27 December 2011, sold by the developer: AED 1,707 per sqft for 1,746 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 165,000 a year on the contract renewed on 28 November 2025. The previous contract, from November 2024, was AED 165,000; the unit has been rented since May 2012.
How big is unit 704?
1,746 sqft (162.2 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.
What is unit 704 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 704, Marina Residences 1
Starts from the last sale price (AED 2.98M, 27 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,981,500
- Deposit, UAE resident (20%)
- AED 596,300
- Deposit, non-resident (40%)
- AED 1,192,600
- Monthly over 25 years at 3.7%
- AED 12,198
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →