3-bed · 4,053 sqftMarina Residences 2, Palm Jumeirah · 3rd floor · completed 2009

306, Marina Residences 2

Sold prices and rental history: sold twice, last in July 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 25 September 2022
Last soldAED 2.8M29 July 2019
Current rentAED 250K /yr25 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Marina Residences 2

What is 306 worth today?

Last sold for AED 2,800,000 in 2019

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25 Sep 2022RentedRenewal
AED 250,000/yr9 months · AED 62 per sqft
25 Sep 2021RentedRenewal
AED 230,000/yr12 months · AED 57 per sqft
25 Sep 2020RentedRenewal
AED 215,000/yr12 months · AED 53 per sqft
25 Sep 2019RentedNew contract
AED 215,000/yr12 months · AED 53 per sqft
29 Jul 2019SoldReady
AED 2,800,000AED 690 per sqft
25 Sep 2018RentedNew contract
AED 215,000/yr12 months · AED 53 per sqft
31 Mar 2015RentedNew contract
AED 281,000/yr12 months · AED 69 per sqft
30 Mar 2014RentedNew contract
AED 267,750/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 25 September 2022.

Key facts

Type
3-bed apartment
Size
4,053 sqft
Floor
3rd of 14
Parking
CB1-239, CB1-240
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 2.8M · July 2019

About 306, Marina Residences 2

306 is a three-bedroom apartment of 4,053 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 29 July 2019 for AED 2,800,000, or AED 690 per sqft, in line with the AED 690 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 25 September 2022, is AED 250,000 a year: a gross yield of 8.9% on the 2019 price, before the service charge of about AED 67,600 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, June 2011: AED 4,560,000 (AED 1,124 per sqft)Sold, July 2019: AED 2,800,000 (AED 690 per sqft)

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

Rents
Unit 306, 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, April 2013: AED 256,378 a yearNew contract, March 2014: AED 267,750 a yearNew contract, March 2015: AED 281,000 a yearNew contract, September 2018: AED 215,000 a yearNew contract, September 2019: AED 215,000 a yearRenewal, September 2020: AED 215,000 a yearRenewal, September 2021: AED 230,000 a yearRenewal, September 2022: AED 250,000 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 306 sits

All 49 3-beds →

306 last sold in July 2019 at AED 690 per sqft, in line with what three-beds in Marina Residences 2 were fetching at the time (AED 690). 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. 306's AED 250,000 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
3053-bedAED 2.65M · Jan 2021
3073-bedAED 3.26M · May 2012
3082-bedAED 1.43M · Dec 2012
1–7 of 10

306, Marina Residences 2 in numbers

  • Sold twice: first on 23 June 2011 for AED 4,560,000, last on 29 July 2019 for AED 2,800,000 (AED 690 per sqft).
  • Rented since April 2013 on 8 Ejari contracts. The rent fell from AED 256,378 to AED 215,000 in 2020 and recovered to AED 250,000 by September 2022.
  • At AED 250,000 a year the gross yield on the 2019 price is 8.9%, before a service charge of about AED 67,600 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 25 September 2022.

Questions about 306, Marina Residences 2

What did unit 306 last sell for?

AED 2,800,000 on 29 July 2019: AED 690 per sqft for 4,053 sqft. The unit has 2 registered sales; the first was AED 4,560,000 in June 2011.

What is the rent for unit 306?

AED 250,000 a year on the contract renewed on 25 September 2022. The previous contract, from September 2021, was AED 230,000; the unit has been rented since April 2013.

How big is unit 306?

4,053 sqft (376.5 sqm): a three-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 306 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 306, Marina Residences 2

Starts from the last sale price (AED 2.8M, 29 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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