3-bed · 2,440 sqftMarina Residences 2, Palm Jumeirah · 3rd floor · completed 2009

305, Marina Residences 2

Sold prices and rental history: sold 3 times, last in January 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 26 January 2021
Last soldAED 2.65M26 January 2021
Current rentAED 240K /yr1 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Marina Residences 2

What is 305 worth today?

Last sold for AED 2,650,000 in 2021

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26 Jan 2021SoldReady
AED 2,650,000AED 1,086 per sqft
22 May 2019SoldReady
AED 2,500,000AED 1,024 per sqft
1 Nov 2017RentedRenewal
AED 240,000/yr12 months · AED 98 per sqft
1 Nov 2016RentedRenewal
AED 240,000/yr12 months · AED 98 per sqft
1 Nov 2015RentedRenewal
AED 240,000/yr12 months · AED 98 per sqft
1 Nov 2014RentedNew contract
AED 231,000/yr12 months · AED 95 per sqft
1 Nov 2013RentedNew contract
AED 210,000/yr12 months · AED 86 per sqft
11 Sep 2011Sold by developerReady
AED 3,627,000AED 1,486 per sqft

Source: Dubai Land Department. Updated 26 January 2021.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
3rd of 14
Parking
CB1-136 , CG-56
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 2.65M · January 2021

About 305, Marina Residences 2

305 is a three-bedroom apartment of 2,440 sqft on the 3rd 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 January 2021 for AED 2,650,000, or AED 1,086 per sqft, 22% above the AED 888 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 1 November 2017, is AED 240,000 a year: a gross yield of 9.1% on the 2021 price, before the service charge of about AED 40,700 a year.

Sales and rents for 305 over time

Sales
Unit 305, 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, September 2011: AED 3,627,000 (AED 1,486 per sqft)Sold, May 2019: AED 2,500,000 (AED 1,024 per sqft)Sold, January 2021: AED 2,650,000 (AED 1,086 per sqft)

305 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 305, 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, November 2013: AED 210,000 a yearNew contract, November 2014: AED 231,000 a yearRenewal, November 2015: AED 240,000 a yearRenewal, November 2016: AED 240,000 a yearRenewal, November 2017: AED 240,000 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 305 sits

All 49 3-beds →

305 last sold in January 2021 at AED 1,086 per sqft, 22% above what three-beds in Marina Residences 2 were fetching at the time (AED 888). 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. 305's AED 240,000 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 3rd floor

All 158 units in Marina Residences 2
Value
3012-bedAED 2.02M · Apr 2013
3022-bedAED 2.88M · Feb 2013
3032-bedAED 650K · Sep 2011
3042-bedAED 2.86M · Feb 2010
3063-bedAED 2.8M · Jul 2019
3073-bedAED 3.26M · May 2012
3082-bedAED 1.43M · Dec 2012
1–7 of 10

305, Marina Residences 2 in numbers

  • Sold 3 times: first on 11 September 2011 for AED 3,627,000, last on 26 January 2021 for AED 2,650,000 (AED 1,086 per sqft).
  • Rented since November 2013 on 5 Ejari contracts, from AED 210,000 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2021 price is 9.1%, before a service charge of about AED 40,700 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 26 January 2021.

Questions about 305, Marina Residences 2

What did unit 305 last sell for?

AED 2,650,000 on 26 January 2021: AED 1,086 per sqft for 2,440 sqft. The unit has 3 registered sales; the first was AED 3,627,000 in September 2011.

What is the rent for unit 305?

AED 240,000 a year on the contract renewed on 1 November 2017. The previous contract, from November 2016, was AED 240,000; the unit has been rented since November 2013.

How big is unit 305?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 305 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 305, Marina Residences 2

Starts from the last sale price (AED 2.65M, 26 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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