2-bed · 2,041 sqftMarina Residences 2, Palm Jumeirah · 3rd floor · completed 2009

302, Marina Residences 2

Sold prices and rental history: sold once, by the developer in February 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 21 December 2024
Last soldAED 2.88M19 February 2013
Current rentAED 220K /yr21 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Marina Residences 2

What is 302 worth today?

Last sold for AED 2,880,700 in 2013

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21 Dec 2024RentedRenewal
AED 220,000/yr12 months · AED 108 per sqft
21 Dec 2024RentedRenewal
AED 220,000/yr12 months · AED 108 per sqft
21 Dec 2023RentedNew contract
AED 220,000/yr12 months · AED 108 per sqft
1 Nov 2022RentedRenewal
AED 137,550/yr12 months · AED 67 per sqft
1 Nov 2021RentedRenewal
AED 131,000/yr12 months · AED 64 per sqft
1 Nov 2020RentedNew contract
AED 125,000/yr12 months · AED 61 per sqft
12 Oct 2015RentedNew contract
AED 276,000/yr6 months · AED 135 per sqft
18 Mar 2015RentedNew contract
AED 275,758/yr4 months · AED 135 per sqft

Source: Dubai Land Department. Updated 21 December 2024.

Key facts

Type
2-bed apartment
Size
2,041 sqft
Floor
3rd of 14
Parking
CG-31West/CB1-152
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 34,000 /yr
Last sold
AED 2.88M · February 2013

About 302, Marina Residences 2

302 is a two-bedroom apartment of 2,041 sqft on the 3rd floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 19 February 2013 for AED 2,880,700, or AED 1,411 per sqft, in line with the AED 1,372 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 21 December 2024, is AED 220,000 a year: a gross yield of 7.6% on the 2013 price, before the service charge of about AED 34,000 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, February 2013: AED 2,880,700 (AED 1,411 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Marina Residences 2
100K200K300K2012201620202024Typical 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 2015: AED 275,758 a yearNew contract, October 2015: AED 276,000 a yearNew contract, November 2020: AED 125,000 a yearRenewal, November 2021: AED 131,000 a yearRenewal, November 2022: AED 137,550 a yearNew contract, December 2023: AED 220,000 a yearRenewal, December 2024: AED 220,000 a yearRenewal, December 2024: AED 220,000 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 302 sits

All 106 2-beds →

302 last sold in February 2013 at AED 1,411 per sqft, in line with what two-beds in Marina Residences 2 were fetching at the time (AED 1,372). 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. 302's AED 220,000 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 3rd floor

All 158 units in Marina Residences 2
Value
3012-bedAED 2.02M · Apr 2013
3032-bedAED 650K · Sep 2011
3042-bedAED 2.86M · Feb 2010
3053-bedAED 2.65M · Jan 2021
3063-bedAED 2.8M · Jul 2019
3073-bedAED 3.26M · May 2012
3082-bedAED 1.43M · Dec 2012
1–7 of 10

302, Marina Residences 2 in numbers

  • Sold once: by The Palm - Jumeirah Co on 19 February 2013 for AED 2,880,700, or AED 1,411 per sqft.
  • Rented since March 2015 on 8 Ejari contracts. The rent fell from AED 275,758 to AED 125,000 in 2020 and recovered to AED 220,000 by December 2024.
  • At AED 220,000 a year the gross yield on the 2013 price is 7.6%, before a service charge of about AED 34,000 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 21 December 2024.

Questions about 302, Marina Residences 2

What did unit 302 last sell for?

AED 2,880,700 on 19 February 2013, sold by the developer: AED 1,411 per sqft for 2,041 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 220,000 a year on the contract renewed on 21 December 2024. The previous contract, from December 2024, was AED 220,000; the unit has been rented since March 2015.

How big is unit 302?

2,041 sqft (189.6 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 302 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 302, Marina Residences 2

Starts from the last sale price (AED 2.88M, 19 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,880,700
Deposit, UAE resident (20%)
AED 576,140
Deposit, non-resident (40%)
AED 1,152,280
Monthly over 25 years at 3.7%
AED 11,786

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