2-bed · 1,975 sqftMarina Residences 2, Palm Jumeirah · 1st floor · completed 2009

101, Marina Residences 2

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 7 July 2023
Last soldAED 2.45M7 July 2023
Current rentAED 100K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Marina Residences 2

What is 101 worth today?

Last sold for AED 2,450,000 in 2023

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7 Jul 2023SoldReady
AED 2,450,000AED 1,240 per sqft
1 Feb 2021RentedNew contract
AED 100,000/yr12 months · AED 50 per sqft
1 Feb 2020RentedRenewal
AED 130,000/yr24 months · AED 66 per sqft
1 Feb 2019RentedRenewal
AED 145,000/yr12 months · AED 73 per sqft
1 Feb 2018RentedRenewal
AED 145,000/yr12 months · AED 73 per sqft
1 Feb 2017RentedNew contract
AED 145,000/yr12 months · AED 73 per sqft
10 Jan 2015RentedNew contract
AED 150,000/yr12 months · AED 76 per sqft
10 Jan 2013RentedNew contract
AED 130,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 7 July 2023.

Key facts

Type
2-bed apartment
Size
1,975 sqft
Floor
1st of 14
Parking
2-B28
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,900 /yr
Last sold
AED 2.45M · July 2023

About 101, Marina Residences 2

101 is a two-bedroom apartment of 1,975 sqft on the 1st floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 7 July 2023 for AED 2,450,000, or AED 1,240 per sqft, 8% below the AED 1,351 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 February 2021, is AED 100,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 32,900 a year.

Sales and rents for 101 over time

Sales
Unit 101, 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, November 2010: AED 2,386,800 (AED 1,208 per sqft)Sold, July 2023: AED 2,450,000 (AED 1,240 per sqft)

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

Rents
Unit 101, 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, January 2013: AED 130,000 a yearNew contract, January 2015: AED 150,000 a yearNew contract, February 2017: AED 145,000 a yearRenewal, February 2018: AED 145,000 a yearRenewal, February 2019: AED 145,000 a yearRenewal, February 2020: AED 130,000 a yearNew contract, February 2021: AED 100,000 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 101 sits

All 106 2-beds →

101 last sold in July 2023 at AED 1,240 per sqft, 8% below what two-beds in Marina Residences 2 were fetching at the time (AED 1,351). 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. 101's AED 100,000 is at the bottom 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 1st floor

All 158 units in Marina Residences 2
Value
1022-bedAED 2.65M · Dec 2022
1032-bedAED 1.61M · Sep 2020
1042-bedAED 1.85M · Apr 2021
1053-bedAED 3.49M · Nov 2010
1063-bedAED 3.1M · Jul 2019
1073-bedAED 3.49M · Nov 2010
1082-bedAED 4.6M · Sep 2026
1–7 of 10

101, Marina Residences 2 in numbers

  • Sold twice: first on 10 November 2010 for AED 2,386,800, last on 7 July 2023 for AED 2,450,000 (AED 1,240 per sqft).
  • Rented since January 2013 on 7 Ejari contracts, from AED 130,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 4.1%, before a service charge of about AED 32,900 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 7 July 2023.

Questions about 101, Marina Residences 2

What did unit 101 last sell for?

AED 2,450,000 on 7 July 2023: AED 1,240 per sqft for 1,975 sqft. The unit has 2 registered sales; the first was AED 2,386,800 in November 2010.

What is the rent for unit 101?

AED 100,000 a year on the contract signed on 1 February 2021. The previous contract, from February 2020, was AED 130,000; the unit has been rented since January 2013.

How big is unit 101?

1,975 sqft (183.5 sqm): a two-bedroom apartment on the 1st floor of a 14-storey tower completed in 2009.

What is unit 101 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 101, Marina Residences 2

Starts from the last sale price (AED 2.45M, 7 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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