TH02, Marina Residences 1
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for TH02, Marina Residences 1
What is TH02 worth today?
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Source: Dubai Land Department. Updated 26 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 4,098 sqft
- Floor
- -1th of 14
- Parking
- Attached
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 68,300 /yr
- Last sold
- AED 5.75M · July 2024
- Building
- Marina Residences 1
About TH02, Marina Residences 1
TH02 is a two-bedroom apartment of 4,098 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 26 July 2024 for AED 5,750,000, or AED 1,403 per sqft, 12% below the AED 1,603 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 14 July 2024, is AED 213,353 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 68,300 a year.
Sales and rents for TH02 over time
TH02 has sold twice; 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 TH02 sits
All 108 2-beds →TH02 last sold in July 2024 at AED 1,403 per sqft, 12% below what two-beds in Marina Residences 1 were fetching at the time (AED 1,603). 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. TH02's AED 213,353 is in the upper 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 -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 | |
| LG02 | 3-bed | 4,768 sqft | AED 5.2MAED 5,200,000 · Jun 2022June 2022 | 215,605 /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 | |
| 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 |
TH02, Marina Residences 1 in numbers
- Sold twice: first on 19 October 2011 for AED 5,163,900, last on 26 July 2024 for AED 5,750,000 (AED 1,403 per sqft).
- Rented since January 2013 on 8 Ejari contracts. The rent fell from AED 180,000 to AED 150,000 in 2021 and recovered to AED 213,353 by July 2024.
- At AED 213,353 a year the gross yield on the 2024 price is 3.7%, before a service charge of about AED 68,300 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 26 July 2024.
Questions about TH02, Marina Residences 1
What did unit TH02 last sell for?
AED 5,750,000 on 26 July 2024: AED 1,403 per sqft for 4,098 sqft. The unit has 2 registered sales; the first was AED 5,163,900 in October 2011.
What is the rent for unit TH02?
AED 213,353 a year on the contract signed on 14 July 2024. The previous contract, from July 2024, was AED 213,353; the unit has been rented since January 2013.
How big is unit TH02?
4,098 sqft (380.7 sqm): a two-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.
What is unit TH02 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 TH02, Marina Residences 1
Starts from the last sale price (AED 5.75M, 26 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,750,000
- Deposit, UAE resident (20%)
- AED 1,150,000
- Deposit, non-resident (40%)
- AED 2,300,000
- Monthly over 25 years at 3.7%
- AED 23,525
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →