3-bed · 4,730 sqftMarina Residences 2, Palm Jumeirah · 1st floor · completed 2009

106, Marina Residences 2

Sold prices and rental history: sold twice, last in July 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 106 · DLD and Ejari recordsUpdated 25 July 2019
Last soldAED 3.1M25 July 2019
Current rentAED 215K /yr26 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 106, Marina Residences 2

What is 106 worth today?

Last sold for AED 3,100,000 in 2019

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25 Jul 2019SoldReady
AED 3,100,000AED 655 per sqft
26 May 2019RentedRenewal
AED 215,000/yr12 months · AED 45 per sqft
26 May 2018RentedNew contract
AED 215,000/yr12 months · AED 45 per sqft
26 Apr 2017RentedNew contract
AED 255,000/yr12 months · AED 54 per sqft
26 Apr 2016RentedNew contract
AED 255,000/yr12 months · AED 54 per sqft
18 Oct 2015RentedNew contract
AED 280,000/yr12 months · AED 59 per sqft
21 Aug 2014Sold by developerReady
AED 2,250,000AED 475 per sqft

Source: Dubai Land Department. Updated 25 July 2019.

Key facts

Type
3-bed apartment
Size
4,730 sqft
Floor
1st of 14
Parking
CB1-254, CB1-255
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 78,800 /yr
Last sold
AED 3.1M · July 2019

About 106, Marina Residences 2

106 is a three-bedroom apartment of 4,730 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 25 July 2019 for AED 3,100,000, or AED 655 per sqft, 21% below the AED 833 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 26 May 2019, is AED 215,000 a year: a gross yield of 6.9% on the 2019 price, before the service charge of about AED 78,800 a year.

Sales and rents for 106 over time

Sales
Unit 106, each saleTypical three-bed in Marina Residences 2
5M10M20102014201820222026Typical sale price by year: 2010 AED 4,620,000; 2011 AED 3,800,000; 2012 AED 3,370,700; 2013 AED 3,485,000; 2014 AED 4,000,000; 2015 AED 4,737,300; 2016 AED 1,800,000; 2018 AED 3,350,000; 2019 AED 2,950,000; 2021 AED 3,400,000; 2022 AED 4,200,000; 2023 AED 4,435,450; 2024 AED 8,126,969; 2025 AED 8,800,000Sold by developer, August 2014: AED 2,250,000 (AED 475 per sqft)Sold, July 2019: AED 3,100,000 (AED 655 per sqft)

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

Rents
Unit 106, each contractTypical three-bed in Marina Residences 2
200K300K2012201620202024Typical rent by year: 2012 AED 190,000; 2013 AED 210,000; 2014 AED 220,250; 2015 AED 235,000; 2016 AED 225,375; 2017 AED 215,000; 2018 AED 195,000; 2019 AED 170,000; 2020 AED 152,500; 2021 AED 160,000; 2022 AED 170,000; 2023 AED 189,000; 2024 AED 285,000; 2025 AED 315,000; 2026 AED 327,500New contract, October 2015: AED 280,000 a yearNew contract, April 2016: AED 255,000 a yearNew contract, April 2017: AED 255,000 a yearNew contract, May 2018: AED 215,000 a yearRenewal, May 2019: AED 215,000 a year

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 2, and where 106 sits

All 49 3-beds →

106 last sold in July 2019 at AED 655 per sqft, 21% below what three-beds in Marina Residences 2 were fetching at the time (AED 833). Over the last 12 months three-beds sold for AED 6,700,000 to 12,900,000, around AED 2,911 per sqft, and rent for AED 150,000 to 1,250,000 a year. 106's AED 215,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Feb 202612,900,000
27 Nov 20256,700,000
14 Nov 20257,100,000
25 Apr 202510,800,000
3 3-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
1012-bedAED 2.45M · Jul 2023
1022-bedAED 2.65M · Dec 2022
1032-bedAED 1.61M · Sep 2020
1042-bedAED 1.85M · Apr 2021
1053-bedAED 3.49M · Nov 2010
1073-bedAED 3.49M · Nov 2010
1082-bedAED 4.6M · Sep 2026
1–7 of 10

106, Marina Residences 2 in numbers

  • Sold twice: first on 21 August 2014 for AED 2,250,000, last on 25 July 2019 for AED 3,100,000 (AED 655 per sqft).
  • Rented since October 2015 on 5 Ejari contracts, from AED 280,000 to AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2019 price is 6.9%, before a service charge of about AED 78,800 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 2 sold for AED 6,700,000–12,900,000 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 25 July 2019.

Questions about 106, Marina Residences 2

What did unit 106 last sell for?

AED 3,100,000 on 25 July 2019: AED 655 per sqft for 4,730 sqft. The unit has 2 registered sales; the first was AED 2,250,000 in August 2014.

What is the rent for unit 106?

AED 215,000 a year on the contract renewed on 26 May 2019. The previous contract, from May 2018, was AED 215,000; the unit has been rented since October 2015.

How big is unit 106?

4,730 sqft (439.4 sqm): a three-bedroom apartment on the 1st floor of a 14-storey tower completed in 2009.

What is unit 106 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 2 sold for AED 6,700,000 to 12,900,000 in the last 12 months, around AED 2,911 per sqft.

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Mortgage on 106, Marina Residences 2

Starts from the last sale price (AED 3.1M, 25 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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