2-bed · 1,735 sqftMarina Residences 1, Palm Jumeirah · 8th floor · completed 2009

803, Marina Residences 1

Sold prices and rental history: sold twice, last in April 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 6 April 2021
Last soldAED 1.95M6 April 2021
Current rentAED 140K /yr1 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Marina Residences 1

What is 803 worth today?

Last sold for AED 1,950,000 in 2021

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6 Apr 2021SoldReady
AED 1,950,000AED 1,123 per sqft
1 May 2020RentedNew contract
AED 140,000/yr12 months · AED 81 per sqft
1 May 2019RentedNew contract
AED 140,000/yr12 months · AED 81 per sqft
1 May 2018RentedRenewal
AED 140,000/yr12 months · AED 81 per sqft
1 May 2017RentedRenewal
AED 155,000/yr12 months · AED 89 per sqft
1 May 2016RentedRenewal
AED 159,000/yr12 months · AED 92 per sqft
3 Mar 2011Sold by developerReady
AED 2,980,500AED 1,717 per sqft

Source: Dubai Land Department. Updated 6 April 2021.

Key facts

Type
2-bed apartment
Size
1,735 sqft
Floor
8th of 14
Parking
CB1+126
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 28,900 /yr
Last sold
AED 1.95M · April 2021

About 803, Marina Residences 1

803 is a two-bedroom apartment of 1,735 sqft on the 8th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 6 April 2021 for AED 1,950,000, or AED 1,123 per sqft, 17% above the AED 956 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 May 2020, is AED 140,000 a year: a gross yield of 7.2% on the 2021 price, before the service charge of about AED 28,900 a year.

Sales and rents for 803 over time

Sales
Unit 803, 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 2011: AED 2,980,500 (AED 1,717 per sqft)Sold, April 2021: AED 1,950,000 (AED 1,123 per sqft)

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

Rents
Unit 803, 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 192,938Renewal, May 2016: AED 159,000 a yearRenewal, May 2017: AED 155,000 a yearRenewal, May 2018: AED 140,000 a yearNew contract, May 2019: AED 140,000 a yearNew contract, May 2020: AED 140,000 a year

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 803 sits

All 108 2-beds →

803 last sold in April 2021 at AED 1,123 per sqft, 17% above what two-beds in Marina Residences 1 were fetching at the time (AED 956). 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. 803's AED 140,000 is in the lower half of that range.

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
5.0%
Marina Residences 1, Palm Jumeirah: prices, sales and rents →

Other units on the 8th floor

All 162 units in Marina Residences 1
Value
8012-bedAED 3.65M · Jul 2025
8022-bedAED 2.94M · Mar 2011
8042-bedAED 3.08M · May 2024
8053-bedAED 3M · Jan 2011
8063-bedAED 4.6M · Oct 2021
8073-bedAED 4.78M · May 2024
8082-bedAED 3.03M · Feb 2011
1–7 of 10

803, Marina Residences 1 in numbers

  • Sold twice: first on 3 March 2011 for AED 2,980,500, last on 6 April 2021 for AED 1,950,000 (AED 1,123 per sqft).
  • Rented since May 2016 on 5 Ejari contracts, from AED 159,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2021 price is 7.2%, 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 6 April 2021.

Questions about 803, Marina Residences 1

What did unit 803 last sell for?

AED 1,950,000 on 6 April 2021: AED 1,123 per sqft for 1,735 sqft. The unit has 2 registered sales; the first was AED 2,980,500 in March 2011.

What is the rent for unit 803?

AED 140,000 a year on the contract signed on 1 May 2020. The previous contract, from May 2019, was AED 140,000; the unit has been rented since May 2016.

How big is unit 803?

1,735 sqft (161.2 sqm): a two-bedroom apartment on the 8th floor of a 14-storey tower completed in 2009.

What is unit 803 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 803, Marina Residences 1

Starts from the last sale price (AED 1.95M, 6 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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