2-bed · 1,778 sqftMarina Residences 2, Palm Jumeirah · 10th floor · completed 2009

1003, Marina Residences 2

Sold prices and rental history: sold once, by the developer in March 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 9 October 2021
Last soldAED 3.19M29 March 2015
Current rentAED 125K /yr9 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Marina Residences 2

What is 1003 worth today?

Last sold for AED 3,186,000 in 2015

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9 Oct 2021RentedNew contract
AED 125,000/yr12 months · AED 70 per sqft
7 Feb 2020RentedNew contract
AED 120,000/yr12 months · AED 68 per sqft
1 Feb 2019RentedNew contract
AED 140,000/yr12 months · AED 79 per sqft
1 Feb 2018RentedNew contract
AED 155,000/yr12 months · AED 87 per sqft
29 Mar 2015Sold by developerReady
AED 3,186,000AED 1,791 per sqft

Source: Dubai Land Department. Updated 9 October 2021.

Key facts

Type
2-bed apartment
Size
1,778 sqft
Floor
10th of 14
Parking
CLG-192
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,600 /yr
Last sold
AED 3.19M · March 2015

About 1003, Marina Residences 2

1003 is a two-bedroom apartment of 1,778 sqft on the 10th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 29 March 2015 for AED 3,186,000, or AED 1,791 per sqft, 25% above the AED 1,432 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 9 October 2021, is AED 125,000 a year: a gross yield of 3.9% on the 2015 price, before the service charge of about AED 29,600 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical two-bed in Marina Residences 2
2M4M2009201420192024Typical sale price by year: 2009 AED 2,823,700; 2010 AED 2,790,000; 2011 AED 2,594,500; 2012 AED 2,404,800; 2013 AED 2,437,000; 2014 AED 2,700,000; 2015 AED 2,605,350; 2017 AED 2,425,000; 2018 AED 2,100,000; 2019 AED 1,680,201; 2020 AED 1,610,000; 2021 AED 2,175,000; 2022 AED 2,427,500; 2023 AED 2,925,000; 2024 AED 3,650,000; 2025 AED 4,000,000Sold by developer, March 2015: AED 3,186,000 (AED 1,791 per sqft)

1003 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1003, each contractTypical two-bed in Marina Residences 2
100K150K200K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 145,000; 2014 AED 165,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 159,144; 2018 AED 143,000; 2019 AED 128,750; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 131,250; 2023 AED 147,422; 2024 AED 190,000; 2025 AED 200,000; 2026 AED 200,000New contract, February 2018: AED 155,000 a yearNew contract, February 2019: AED 140,000 a yearNew contract, February 2020: AED 120,000 a yearNew contract, October 2021: AED 125,000 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 2, and where 1003 sits

All 106 2-beds →

1003 last sold in March 2015 at AED 1,791 per sqft, 25% above what two-beds in Marina Residences 2 were fetching at the time (AED 1,432). Over the last 12 months two-beds sold for AED 4,000,000 to 4,999,999, around AED 2,406 per sqft, and rent for AED 105,000 to 448,193 a year. 1003's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Sep 20264,600,000
7 Apr 20264,999,999
10 Dec 20254,450,000
11 Nov 20254,000,000
4 2-bed sales in the last 12 months

Marina Residences 2

Building

158 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 8 sold in the last 12 months.

Typical price per sqft
AED 2,656
Typical sale
AED 5.85M
Typical rent
AED 220K /yr
Typical yield
4.3%
Marina Residences 2, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 158 units in Marina Residences 2
Value
10012-bedAED 2.15M · Oct 2021
10022-bedAED 2.85M · Apr 2023
10042-bedAED 2.28M · Apr 2018
10053-bedAED 4.2M · Apr 2024
10063-bedAED 8.9M · Oct 2023
10073-bedAED 3.97M · Aug 2022
10082-bedAED 4.6M · Sep 2025
1–7 of 11

1003, Marina Residences 2 in numbers

  • Sold once: by The Palm - Jumeirah Co on 29 March 2015 for AED 3,186,000, or AED 1,791 per sqft.
  • Rented since February 2018 on 4 Ejari contracts, from AED 155,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2015 price is 3.9%, before a service charge of about AED 29,600 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 2 sold for AED 4,000,000–4,999,999 in the 12 months to November 2026; the building's median across all types is AED 2,656 per sqft.

Source: Dubai Land Department. Updated 9 October 2021.

Questions about 1003, Marina Residences 2

What did unit 1003 last sell for?

AED 3,186,000 on 29 March 2015, sold by the developer: AED 1,791 per sqft for 1,778 sqft. It is the only registered sale of the unit.

What is the rent for unit 1003?

AED 125,000 a year on the contract signed on 9 October 2021. The previous contract, from February 2020, was AED 120,000; the unit has been rented since February 2018.

How big is unit 1003?

1,778 sqft (165.2 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2009.

What is unit 1003 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 2 sold for AED 4,000,000 to 4,999,999 in the last 12 months, around AED 2,406 per sqft.

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Mortgage on 1003, Marina Residences 2

Starts from the last sale price (AED 3.19M, 29 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,186,000
Deposit, UAE resident (20%)
AED 637,200
Deposit, non-resident (40%)
AED 1,274,400
Monthly over 25 years at 3.7%
AED 13,035

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