2-bed · 2,045 sqftMarina Residences 2, Palm Jumeirah · 1st floor · completed 2009

109, Marina Residences 2

Sold prices and rental history: sold twice, last in August 2021, and rented once, from March 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 26 August 2021
Last soldAED 2.2M26 August 2021
Current rentAED 216K /yr10 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 109, Marina Residences 2

What is 109 worth today?

Last sold for AED 2,200,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

26 Aug 2021SoldReady
AED 2,200,000AED 1,075 per sqft
10 Mar 2016RentedNew contract
AED 216,000/yr12 months · AED 106 per sqft
31 Jul 2011Sold by developerReady
AED 2,706,100AED 1,323 per sqft

Source: Dubai Land Department. Updated 26 August 2021.

Key facts

Type
2-bed apartment
Size
2,045 sqft
Floor
1st of 14
Parking
CB1-181
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 34,100 /yr
Last sold
AED 2.2M · August 2021

About 109, Marina Residences 2

109 is a two-bedroom apartment of 2,045 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 26 August 2021 for AED 2,200,000, or AED 1,075 per sqft, 10% above the AED 974 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 March 2016. The current contract, signed on 10 March 2016, is AED 216,000 a year: a gross yield of 9.8% on the 2021 price, before the service charge of about AED 34,100 a year.

Sales and rents for 109 over time

Sales
Unit 109, 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, July 2011: AED 2,706,100 (AED 1,323 per sqft)Sold, August 2021: AED 2,200,000 (AED 1,075 per sqft)

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

Rents
Unit 109, 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, March 2016: AED 216,000 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 109 sits

All 106 2-beds →

109 last sold in August 2021 at AED 1,075 per sqft, 10% above what two-beds in Marina Residences 2 were fetching at the time (AED 974). 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. 109's AED 216,000 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 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
1063-bedAED 3.1M · Jul 2019
1073-bedAED 3.49M · Nov 2010
1–7 of 10

109, Marina Residences 2 in numbers

  • Sold twice: first on 31 July 2011 for AED 2,706,100, last on 26 August 2021 for AED 2,200,000 (AED 1,075 per sqft).
  • Rented since March 2016 on one Ejari contract, at AED 216,000 a year.
  • At AED 216,000 a year the gross yield on the 2021 price is 9.8%, before a service charge of about AED 34,100 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 26 August 2021.

Questions about 109, Marina Residences 2

What did unit 109 last sell for?

AED 2,200,000 on 26 August 2021: AED 1,075 per sqft for 2,045 sqft. The unit has 2 registered sales; the first was AED 2,706,100 in July 2011.

What is the rent for unit 109?

AED 216,000 a year on the contract signed on 10 March 2016.

How big is unit 109?

2,045 sqft (190.0 sqm): a two-bedroom apartment on the 1st floor of a 14-storey tower completed in 2009.

What is unit 109 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.

Selling 109? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 109, Marina Residences 2

Starts from the last sale price (AED 2.2M, 26 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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