LG02, Marina Residences 1
Sold prices and rental history: sold 3 times, last in June 2022, 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 LG02, Marina Residences 1
What is LG02 worth today?
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Source: Dubai Land Department. Updated 19 June 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 4,768 sqft
- Floor
- -1th of 14
- Parking
- CB1+89+ CB1+90
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 79,500 /yr
- Last sold
- AED 5.2M · June 2022
- Building
- Marina Residences 1
About LG02, Marina Residences 1
LG02 is a three-bedroom apartment of 4,768 sqft on the -1th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 2 June 2022 for AED 5,200,000, or AED 1,090 per sqft, 8% below the AED 1,181 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 19 June 2022, is AED 215,605 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 79,500 a year.
Sales and rents for LG02 over time
LG02 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Marina Residences 1, and where LG02 sits
All 49 3-beds →LG02 last sold in June 2022 at AED 1,090 per sqft, 8% below what three-beds in Marina Residences 1 were fetching at the time (AED 1,181). Over the last 12 months three-beds sold for AED 11,375,000, around AED 2,806 per sqft, and rent for AED 199,407 to 600,000 a year. LG02's AED 215,605 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Nov 202528 November 2025 | 4,053 sqft | 11,375,000 | 2,806 | ||
| 12 Jun 202512 June 2025 | 2,439 sqft | 5,650,000 | 2,316 | ||
| 21 Apr 202521 April 2025 | 2,751 sqft | 4,999,999 | 1,817 | ||
| 18 Oct 202418 October 2024 | 2,439 sqft | 4,300,000 | 1,763 |
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 -1th floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| LG01 | 3-bed | 2,751 sqft | AED 5MAED 4,999,999 · Apr 2025April 2025 | 235,000 /yr | |
| LG03 | 3-bed | 2,751 sqft | AED 1.69MAED 1,694,500 · Mar 2010March 2010 | 372,600 /yr | |
| TH01 | 2-bed | 4,045 sqft | AED 6.2MAED 6,200,000 · Dec 2024December 2024 | 162,460 /yr | |
| TH02 | 2-bed | 4,098 sqft | AED 5.75MAED 5,750,000 · Jul 2024July 2024 | 213,353 /yr | |
| TH03 | 3-bed | 4,090 sqft | AED 3.9MAED 3,900,000 · Jan 2023January 2023 | 170,000 /yr | |
| TH04 | 2-bed | 3,996 sqft | AED 4.99MAED 4,990,000 · Apr 2024April 2024 | 295,000 /yr | |
| TH05 | 3-bed | 3,996 sqft | AED 5.15MAED 5,150,000 · Aug 2014August 2014 | ||
| TH06 | 3-bed | 4,090 sqft | AED 4.4MAED 4,400,000 · Apr 2023April 2023 | 168,300 /yr | |
| TH07 | 3-bed | 4,098 sqft | AED 5MAED 5,000,000 · Jan 2022January 2022 | 199,407 /yr | |
| TH08 | 2-bed | 4,045 sqft | AED 7.6MAED 7,600,000 · Apr 2024April 2024 | 168,000 /yr |
LG02, Marina Residences 1 in numbers
- Sold 3 times: first on 6 September 2012 for AED 2,879,500, last on 2 June 2022 for AED 5,200,000 (AED 1,090 per sqft).
- Rented since December 2012 on 8 Ejari contracts. The rent fell from AED 250,000 to AED 186,000 in 2019 and recovered to AED 215,605 by June 2022.
- At AED 215,605 a year the gross yield on the 2022 price is 4.2%, before a service charge of about AED 79,500 a year (AED 16.67 per sqft).
- Three-beds in Marina Residences 1 sold for AED 11,375,000–11,375,000 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 19 June 2022.
Questions about LG02, Marina Residences 1
What did unit LG02 last sell for?
AED 5,200,000 on 2 June 2022: AED 1,090 per sqft for 4,768 sqft. The unit has 3 registered sales; the first was AED 2,879,500 in September 2012.
What is the rent for unit LG02?
AED 215,605 a year on the contract signed on 19 June 2022. The previous contract, from June 2021, was AED 215,000; the unit has been rented since December 2012.
How big is unit LG02?
4,768 sqft (443.0 sqm): a three-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.
What is unit LG02 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Residences 1 sold for AED 11,375,000 to 11,375,000 in the last 12 months, around AED 2,806 per sqft.
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Mortgage on LG02, Marina Residences 1
Starts from the last sale price (AED 5.2M, 2 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 5,200,000
- Deposit, UAE resident (20%)
- AED 1,040,000
- Deposit, non-resident (40%)
- AED 2,080,000
- Monthly over 25 years at 3.7%
- AED 21,275
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →