2-bed · 1,935 sqftMarina Residences 2, Palm Jumeirah · 3rd floor · completed 2009

309, Marina Residences 2

Sold prices and rental history: sold 3 times, last in December 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 20 December 2020
Last soldAED 1.8M15 December 2019
Current rentAED 40K /yr20 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, Marina Residences 2

What is 309 worth today?

Last sold for AED 1,800,000 in 2019

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20 Dec 2020RentedRenewal · flagged as an outlier
AED 40,000/yr24 months · AED 21 per sqft
20 Dec 2020RentedRenewal
AED 40,000/yr24 months · AED 21 per sqft
20 Dec 2019RentedNew contract
AED 50,000/yr12 months · AED 26 per sqft
15 Dec 2019SoldReady
AED 1,800,000AED 930 per sqft
24 Aug 2018RentedRenewal
AED 155,000/yr12 months · AED 80 per sqft
24 Aug 2017RentedNew contract
AED 155,000/yr12 months · AED 80 per sqft
1 May 2015RentedNew contract
AED 185,000/yr12 months · AED 95 per sqft
13 Dec 2010SoldReady
AED 1,724,900AED 891 per sqft

Source: Dubai Land Department. Updated 20 December 2020.

Key facts

Type
2-bed apartment
Size
1,935 sqft
Floor
3rd of 14
Parking
CB1-159
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,300 /yr
Last sold
AED 1.8M · December 2019

About 309, Marina Residences 2

309 is a two-bedroom apartment of 1,935 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 15 December 2019 for AED 1,800,000, or AED 930 per sqft, 3% above the AED 899 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 20 December 2020, is AED 40,000 a year: a gross yield of 2.2% on the 2019 price, before the service charge of about AED 32,300 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, December 2009: AED 2,823,700 (AED 1,459 per sqft)Sold, December 2010: AED 1,724,900 (AED 891 per sqft)Sold, December 2019: AED 1,800,000 (AED 930 per sqft)

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

Rents
Unit 309, each contractTypical two-bed in Marina Residences 2
100K200K2012201620202024Typical 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 2015: AED 185,000 a yearNew contract, August 2017: AED 155,000 a yearRenewal, August 2018: AED 155,000 a yearNew contract, December 2019: AED 50,000 a yearRenewal, December 2020: AED 40,000 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 309 sits

All 106 2-beds →

309 last sold in December 2019 at AED 930 per sqft, 3% above what two-beds in Marina Residences 2 were fetching at the time (AED 899). 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. 309's AED 40,000 is at the bottom 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
3022-bedAED 2.88M · Feb 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
1–7 of 10

309, Marina Residences 2 in numbers

  • Sold 3 times: first on 15 December 2009 for AED 2,823,700, last on 15 December 2019 for AED 1,800,000 (AED 930 per sqft).
  • Rented since May 2015 on 6 Ejari contracts, from AED 185,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2019 price is 2.2%, before a service charge of about AED 32,300 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 20 December 2020.

Questions about 309, Marina Residences 2

What did unit 309 last sell for?

AED 1,800,000 on 15 December 2019: AED 930 per sqft for 1,935 sqft. The unit has 3 registered sales; the first was AED 2,823,700 in December 2009.

What is the rent for unit 309?

AED 40,000 a year on the contract renewed on 20 December 2020. The previous contract, from December 2020, was AED 40,000; the unit has been rented since May 2015.

How big is unit 309?

1,935 sqft (179.8 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 309 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 309, Marina Residences 2

Starts from the last sale price (AED 1.8M, 15 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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