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

1010, Marina Residences 2

Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1010 · DLD and Ejari recordsUpdated 5 November 2024
Last soldAED 3.88M5 November 2024
Current rentAED 95K /yr18 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1010, Marina Residences 2

What is 1010 worth today?

Last sold for AED 3,875,000 in 2024

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5 Nov 2024SoldReady
AED 3,875,000AED 2,179 per sqft
25 Jan 2022SoldReady
AED 2,500,000AED 1,405 per sqft
18 Jul 2020RentedNew contract
AED 95,000/yr12 months · AED 53 per sqft
12 Jun 2019RentedNew contract
AED 120,000/yr12 months · AED 68 per sqft
12 Jun 2018RentedRenewal
AED 140,000/yr12 months · AED 79 per sqft
12 Jun 2017RentedRenewal
AED 150,000/yr12 months · AED 84 per sqft
12 Jun 2016RentedRenewal
AED 170,000/yr12 months · AED 96 per sqft
12 Jun 2015RentedNew contract
AED 170,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 5 November 2024.

Key facts

Type
2-bed apartment
Size
1,778 sqft
Floor
10th of 14
Parking
2-LG197
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,600 /yr
Last sold
AED 3.88M · November 2024

About 1010, Marina Residences 2

1010 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. It last sold on 5 November 2024 for AED 3,875,000, or AED 2,179 per sqft, 15% above the AED 1,894 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 18 July 2020, is AED 95,000 a year: a gross yield of 2.5% on the 2024 price, before the service charge of about AED 29,600 a year.

Sales and rents for 1010 over time

Sales
Unit 1010, 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, January 2012: AED 2,497,000 (AED 1,404 per sqft)Sold, January 2022: AED 2,500,000 (AED 1,405 per sqft)Sold, November 2024: AED 3,875,000 (AED 2,179 per sqft)

1010 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1010, each contractTypical two-bed in Marina Residences 2
100K200K2012201620202024Typical 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 2013: AED 150,000 a yearNew contract, April 2014: AED 64,800 a yearNew contract, March 2015: AED 176,471 a yearNew contract, June 2015: AED 170,000 a yearRenewal, June 2016: AED 170,000 a yearRenewal, June 2017: AED 150,000 a yearRenewal, June 2018: AED 140,000 a yearNew contract, June 2019: AED 120,000 a yearNew contract, July 2020: AED 95,000 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 1010 sits

All 106 2-beds →

1010 last sold in November 2024 at AED 2,179 per sqft, 15% above what two-beds in Marina Residences 2 were fetching at the time (AED 1,894). 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. 1010's AED 95,000 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 10th floor

All 158 units in Marina Residences 2
Value
10012-bedAED 2.15M · Oct 2021
10022-bedAED 2.85M · Apr 2023
10032-bedAED 3.19M · Mar 2015
10042-bedAED 2.28M · Apr 2018
10053-bedAED 4.2M · Apr 2024
10063-bedAED 8.9M · Oct 2023
10073-bedAED 3.97M · Aug 2022
1–7 of 11

1010, Marina Residences 2 in numbers

  • Sold 3 times: first on 4 January 2012 for AED 2,497,000, last on 5 November 2024 for AED 3,875,000 (AED 2,179 per sqft).
  • Rented since February 2013 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 64,800 in 2014 and recovered to AED 95,000 by July 2020.
  • At AED 95,000 a year the gross yield on the 2024 price is 2.5%, 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 5 November 2024.

Questions about 1010, Marina Residences 2

What did unit 1010 last sell for?

AED 3,875,000 on 5 November 2024: AED 2,179 per sqft for 1,778 sqft. The unit has 3 registered sales; the first was AED 2,497,000 in January 2012.

What is the rent for unit 1010?

AED 95,000 a year on the contract signed on 18 July 2020. The previous contract, from June 2019, was AED 120,000; the unit has been rented since February 2013.

How big is unit 1010?

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 1010 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 1010, Marina Residences 2

Starts from the last sale price (AED 3.88M, 5 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,875,000
Deposit, UAE resident (20%)
AED 775,000
Deposit, non-resident (40%)
AED 1,550,000
Monthly over 25 years at 3.7%
AED 15,854

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