2-bed · 1,778 sqftMarina Residences 2, Palm Jumeirah · 12th floor · completed 2009

1209, Marina Residences 2

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

Unit 1209 · DLD and Ejari recordsUpdated 27 March 2023
Last soldAED 2.75M27 March 2023
Current rentAED 110K /yr18 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1209, Marina Residences 2

What is 1209 worth today?

Last sold for AED 2,750,000 in 2023

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27 Mar 2023SoldReady
AED 2,750,000AED 1,546 per sqft
18 Oct 2021RentedRenewal
AED 110,000/yr12 months · AED 62 per sqft
18 Oct 2020RentedRenewal
AED 110,000/yr12 months · AED 62 per sqft
18 Oct 2019RentedRenewal
AED 110,000/yr12 months · AED 62 per sqft
18 Oct 2018RentedNew contract
AED 133,000/yr12 months · AED 75 per sqft
14 Apr 2016RentedNew contract
AED 165,000/yr12 months · AED 93 per sqft
22 May 2013RentedNew contract
AED 145,000/yr12 months · AED 82 per sqft
10 Feb 2011Sold by developerReady
AED 5,620,200AED 3,160 per sqft

Source: Dubai Land Department. Updated 27 March 2023.

Key facts

Type
2-bed apartment
Size
1,778 sqft
Floor
12th of 14
Parking
2-LG212
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,600 /yr
Last sold
AED 2.75M · March 2023

About 1209, Marina Residences 2

1209 is a two-bedroom apartment of 1,778 sqft on the 12th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 27 March 2023 for AED 2,750,000, or AED 1,546 per sqft, 19% above the AED 1,295 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 18 October 2021, is AED 110,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 29,600 a year.

Sales and rents for 1209 over time

Sales
Unit 1209, each saleTypical two-bed in Marina Residences 2
2M4M6M2009201420192024Typical 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, February 2011: AED 5,620,200 (AED 3,160 per sqft)Sold, March 2023: AED 2,750,000 (AED 1,546 per sqft)

1209 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1209, 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, May 2013: AED 145,000 a yearNew contract, April 2016: AED 165,000 a yearNew contract, October 2018: AED 133,000 a yearRenewal, October 2019: AED 110,000 a yearRenewal, October 2020: AED 110,000 a yearRenewal, October 2021: AED 110,000 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 1209 sits

All 106 2-beds →

1209 last sold in March 2023 at AED 1,546 per sqft, 19% above what two-beds in Marina Residences 2 were fetching at the time (AED 1,295). 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. 1209's AED 110,000 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 12th floor

All 158 units in Marina Residences 2
Value
12012-bedAED 3.6M · Mar 2025
12022-bedAED 3.6M · Aug 2024
12032-bedAED 2.22M · Aug 2018
12042-bedAED 3.14M · Jun 2013
12053-bedAED 4.55M · Jul 2014
12063-bedAED 5.08M · Jul 2017
12073-bedAED 3.53M · Aug 2013
1–7 of 10

1209, Marina Residences 2 in numbers

  • Sold twice: first on 10 February 2011 for AED 5,620,200, last on 27 March 2023 for AED 2,750,000 (AED 1,546 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, from AED 145,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 4.0%, 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 27 March 2023.

Questions about 1209, Marina Residences 2

What did unit 1209 last sell for?

AED 2,750,000 on 27 March 2023: AED 1,546 per sqft for 1,778 sqft. The unit has 2 registered sales; the first was AED 5,620,200 in February 2011.

What is the rent for unit 1209?

AED 110,000 a year on the contract renewed on 18 October 2021. The previous contract, from October 2020, was AED 110,000; the unit has been rented since May 2013.

How big is unit 1209?

1,778 sqft (165.2 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2009.

What is unit 1209 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 1209, Marina Residences 2

Starts from the last sale price (AED 2.75M, 27 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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