2-bed · 1,746 sqftMarina Residences 2, Palm Jumeirah · 11th floor · completed 2009

1104, Marina Residences 2

Sold prices and rental history: sold 4 times, last in July 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1104 · DLD and Ejari recordsUpdated 29 July 2024
Last soldAED 3.3M29 July 2024
Current rentAED 180K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1104, Marina Residences 2

What is 1104 worth today?

Last sold for AED 3,300,000 in 2024

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29 Jul 2024SoldReady
AED 3,300,000AED 1,890 per sqft
1 Apr 2024RentedRenewal
AED 180,000/yr12 months · AED 103 per sqft
1 Apr 2023RentedRenewal
AED 165,000/yr12 months · AED 95 per sqft
1 Apr 2022RentedNew contract
AED 150,000/yr12 months · AED 86 per sqft
15 Aug 2021RentedRenewal
AED 115,000/yr6 months · AED 66 per sqft
15 Aug 2020RentedRenewal
AED 115,000/yr12 months · AED 66 per sqft
15 Aug 2019RentedRenewal
AED 130,000/yr12 months · AED 75 per sqft
15 Aug 2018RentedRenewal
AED 145,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 29 July 2024.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
11th of 14
Parking
2-LG203
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 3.3M · July 2024

About 1104, Marina Residences 2

1104 is a two-bedroom apartment of 1,746 sqft on the 11th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 29 July 2024 for AED 3,300,000, or AED 1,890 per sqft, in line with the AED 1,892 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 180,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 29,100 a year.

Sales and rents for 1104 over time

Sales
Unit 1104, 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, May 2012: AED 2,045,500 (AED 1,171 per sqft)Sold, May 2014: AED 1,300,000 (AED 744 per sqft)Sold, June 2015: AED 2,950,000 (AED 1,689 per sqft)Sold, July 2024: AED 3,300,000 (AED 1,890 per sqft)

1104 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1104, 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, April 2015: AED 145,000 a yearNew contract, July 2015: AED 175,000 a yearNew contract, January 2016: AED 175,000 a yearNew contract, August 2017: AED 160,000 a yearRenewal, August 2018: AED 145,000 a yearRenewal, August 2019: AED 130,000 a yearRenewal, August 2020: AED 115,000 a yearRenewal, August 2021: AED 115,000 a yearNew contract, April 2022: AED 150,000 a yearRenewal, April 2023: AED 165,000 a yearRenewal, April 2024: AED 180,000 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 1104 sits

All 106 2-beds →

1104 last sold in July 2024 at AED 1,890 per sqft, in line with what two-beds in Marina Residences 2 were fetching at the time (AED 1,892). 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. 1104's AED 180,000 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 11th floor

All 158 units in Marina Residences 2
Value
11012-bedAED 2.37M · Oct 2022
11022-bedAED 5M · Apr 2026
11032-bedAED 2.58M · Jul 2015
11053-bedAED 3.7M · Oct 2022
11063-bedAED 7.2M · Jan 2023
11073-bedAED 3.3M · Mar 2022
11082-bedAED 1.95M · Jan 2012
1–7 of 10

1104, Marina Residences 2 in numbers

  • Sold 4 times: first on 1 May 2012 for AED 2,045,500, last on 29 July 2024 for AED 3,300,000 (AED 1,890 per sqft).
  • Rented since April 2015 on 11 Ejari contracts. The rent fell from AED 145,000 to AED 115,000 in 2021 and recovered to AED 180,000 by April 2024.
  • At AED 180,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 29,100 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 29 July 2024.

Questions about 1104, Marina Residences 2

What did unit 1104 last sell for?

AED 3,300,000 on 29 July 2024: AED 1,890 per sqft for 1,746 sqft. The unit has 4 registered sales; the first was AED 2,045,500 in May 2012.

What is the rent for unit 1104?

AED 180,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 165,000; the unit has been rented since April 2015.

How big is unit 1104?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2009.

What is unit 1104 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 1104, Marina Residences 2

Starts from the last sale price (AED 3.3M, 29 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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