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2-bed · 1,746 sqftMarina Residences 1, Palm Jumeirah · 7th floor · completed 2009

708, Marina Residences 1

Sold prices and rental history: sold once, by the developer in March 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 30 March 2017
Last soldAED 2.82M30 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, Marina Residences 1

What is 708 worth today?

Last sold for AED 2,820,000 in 2017

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30 Mar 2017Sold by developerReady
AED 2,820,000AED 1,615 per sqft

Source: Dubai Land Department. Updated 30 March 2017.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
7th of 14
Parking
CB1+118
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 2.82M · March 2017
Building
Marina Residences 1

About 708, Marina Residences 1

708 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 30 March 2017 for AED 2,820,000, or AED 1,615 per sqft, 28% above the AED 1,257 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 708 over time

Sales
Unit 708, each saleTypical two-bed in Marina Residences 1
2M3M4M2010201520202025Typical sale price by year: 2010 AED 2,840,500; 2011 AED 2,825,550; 2012 AED 2,501,850; 2013 AED 2,500,000; 2014 AED 2,645,650; 2015 AED 2,670,000; 2016 AED 2,200,000; 2017 AED 2,407,000; 2018 AED 1,833,149; 2019 AED 1,725,000; 2020 AED 1,700,000; 2021 AED 2,025,000; 2022 AED 2,500,000; 2023 AED 2,700,000; 2024 AED 3,575,000; 2025 AED 3,750,000; 2026 AED 3,850,000Sold by developer, March 2017: AED 2,820,000 (AED 1,615 per sqft)

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

Rents
Unit 708, each contractTypical two-bed in Marina Residences 1
100K150K200K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 140,000; 2014 AED 165,223; 2015 AED 165,000; 2016 AED 160,500; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 106,000; 2021 AED 110,000; 2022 AED 140,000; 2023 AED 163,730; 2024 AED 199,000; 2025 AED 200,000; 2026 AED 192,938

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 708 sits

All 108 2-beds →

708 last sold in March 2017 at AED 1,615 per sqft, 28% above what two-beds in Marina Residences 1 were fetching at the time (AED 1,257). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Jul 20263,800,000
24 Jun 20263,900,000
22 Jun 20264,200,000
29 Apr 20263,600,000
8 2-bed sales 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 7th floor

All 162 units in Marina Residences 1
Value
7012-bedAED 2.58M · Sep 2023
7022-bedAED 2.89M · May 2011
7032-bedAED 2.94M · Dec 2011
7042-bedAED 2.98M · Dec 2011
7053-bedAED 3.79M · Nov 2010
7063-bedAED 4.95M · Nov 2017
7073-bedAED 5.65M · Jun 2025
1–7 of 10

708, Marina Residences 1 in numbers

  • Sold once: by The Palm - Jumeirah Co on 30 March 2017 for AED 2,820,000, or AED 1,615 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 30 March 2017.

Questions about 708, Marina Residences 1

What did unit 708 last sell for?

AED 2,820,000 on 30 March 2017, sold by the developer: AED 1,615 per sqft for 1,746 sqft. It is the only registered sale of the unit.

How big is unit 708?

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 708 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 708, Marina Residences 1

Starts from the last sale price (AED 2.82M, 30 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,820,000
Deposit, UAE resident (20%)
AED 564,000
Deposit, non-resident (40%)
AED 1,128,000
Monthly over 25 years at 3.7%
AED 11,537

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