2-bed · 1,870 sqftMarina Residences 1, Palm Jumeirah · 9th floor · completed 2009

901, Marina Residences 1

Sold prices and rental history: sold once, by the developer in April 2015, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 901 · DLD and Ejari recordsUpdated 17 June 2019
Last soldAED 2.73M5 April 2015
Current rentAED 115K /yr17 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 901, Marina Residences 1

What is 901 worth today?

Last sold for AED 2,728,500 in 2015

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17 Jun 2019RentedNew contract
AED 115,000/yr12 months · AED 61 per sqft
17 Jun 2016RentedNew contract
AED 115,000/yr12 months · AED 61 per sqft
5 Apr 2015Sold by developerReady
AED 2,728,500AED 1,459 per sqft

Source: Dubai Land Department. Updated 17 June 2019.

Key facts

Type
2-bed apartment
Size
1,870 sqft
Floor
9th of 14
Parking
CLG+111
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 31,200 /yr
Last sold
AED 2.73M · April 2015

About 901, Marina Residences 1

901 is a two-bedroom apartment of 1,870 sqft on the 9th 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 5 April 2015 for AED 2,728,500, or AED 1,459 per sqft, in line with the AED 1,446 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 17 June 2019, is AED 115,000 a year: a gross yield of 4.2% on the 2015 price, before the service charge of about AED 31,200 a year.

Sales and rents for 901 over time

Sales
Unit 901, 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, April 2015: AED 2,728,500 (AED 1,459 per sqft)

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

Rents
Unit 901, 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 194,907New contract, June 2016: AED 115,000 a yearNew contract, June 2019: AED 115,000 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 901 sits

All 108 2-beds →

901 last sold in April 2015 at AED 1,459 per sqft, in line with what two-beds in Marina Residences 1 were fetching at the time (AED 1,446). 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. 901's AED 115,000 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 9th floor

All 162 units in Marina Residences 1
Value
9022-bedAED 2.98M · Mar 2011
9032-bedAED 2.7M · Feb 2023
9042-bedAED 3.07M · Nov 2010
9053-bedAED 4.3M · Oct 2024
9063-bedAED 3.85M · Feb 2019
9073-bedAED 3.44M · Mar 2010
9082-bedAED 3.35M · May 2014
1–7 of 10

901, Marina Residences 1 in numbers

  • Sold once: by The Palm - Jumeirah Co on 5 April 2015 for AED 2,728,500, or AED 1,459 per sqft.
  • Rented since June 2016 on 2 Ejari contracts, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2015 price is 4.2%, before a service charge of about AED 31,200 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 17 June 2019.

Questions about 901, Marina Residences 1

What did unit 901 last sell for?

AED 2,728,500 on 5 April 2015, sold by the developer: AED 1,459 per sqft for 1,870 sqft. It is the only registered sale of the unit.

What is the rent for unit 901?

AED 115,000 a year on the contract signed on 17 June 2019. The previous contract, from June 2016, was AED 115,000.

How big is unit 901?

1,870 sqft (173.7 sqm): a two-bedroom apartment on the 9th floor of a 14-storey tower completed in 2009.

What is unit 901 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 901, Marina Residences 1

Starts from the last sale price (AED 2.73M, 5 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,728,500
Deposit, UAE resident (20%)
AED 545,700
Deposit, non-resident (40%)
AED 1,091,400
Monthly over 25 years at 3.7%
AED 11,163

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