2-bed · 1,936 sqftMarina Residences 2, Palm Jumeirah · 4th floor · completed 2009

401, Marina Residences 2

Sold prices and rental history: sold twice, last in January 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 3 October 2021
Last soldAED 2.59M15 January 2014
Current rentAED 105K /yr3 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Marina Residences 2

What is 401 worth today?

Last sold for AED 2,589,600 in 2014

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3 Oct 2021RentedRenewal
AED 105,000/yr12 months · AED 54 per sqft
3 Oct 2020RentedNew contract
AED 105,000/yr12 months · AED 54 per sqft
12 Dec 2019RentedNew contract
AED 105,000/yr12 months · AED 54 per sqft
17 Feb 2017RentedRenewal
AED 167,475/yr12 months · AED 86 per sqft
17 Feb 2016RentedRenewal
AED 167,475/yr12 months · AED 86 per sqft
17 Feb 2015RentedNew contract
AED 167,475/yr12 months · AED 86 per sqft
17 Feb 2014RentedNew contract
AED 152,250/yr12 months · AED 79 per sqft
15 Jan 2014SoldReady
AED 2,589,600AED 1,337 per sqft

Source: Dubai Land Department. Updated 3 October 2021.

Key facts

Type
2-bed apartment
Size
1,936 sqft
Floor
4th of 14
Parking
CB1-193
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,300 /yr
Last sold
AED 2.59M · January 2014

About 401, Marina Residences 2

401 is a two-bedroom apartment of 1,936 sqft on the 4th 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 January 2014 for AED 2,589,600, or AED 1,337 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 2013 on 8 Ejari contracts. The current contract, renewed on 3 October 2021, is AED 105,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 32,300 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, January 2012: AED 1,274,000 (AED 657 per sqft)Sold, January 2014: AED 2,589,600 (AED 1,337 per sqft)

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

Rents
Unit 401, 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, February 2013: AED 145,000 a yearNew contract, February 2014: AED 152,250 a yearNew contract, February 2015: AED 167,475 a yearRenewal, February 2016: AED 167,475 a yearRenewal, February 2017: AED 167,475 a yearNew contract, December 2019: AED 105,000 a yearNew contract, October 2020: AED 105,000 a yearRenewal, October 2021: AED 105,000 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 401 sits

All 106 2-beds →

401 last sold in January 2014 at AED 1,337 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. 401's AED 105,000 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 4th floor

All 158 units in Marina Residences 2
Value
4022-bedAED 2.81M · Dec 2010
4032-bedAED 2.86M · Dec 2010
4042-bedAED 3.1M · Jan 2023
4053-bedAED 3.69M · Oct 2010
4063-bedAED 10.5M · Feb 2025
4073-bedAED 3.69M · Mar 2010
4082-bedAED 2.9M · Mar 2010
1–7 of 10

401, Marina Residences 2 in numbers

  • Sold twice: first on 11 January 2012 for AED 1,274,000, last on 15 January 2014 for AED 2,589,600 (AED 1,337 per sqft).
  • Rented since February 2013 on 8 Ejari contracts, from AED 145,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2014 price is 4.0%, 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 3 October 2021.

Questions about 401, Marina Residences 2

What did unit 401 last sell for?

AED 2,589,600 on 15 January 2014: AED 1,337 per sqft for 1,936 sqft. The unit has 2 registered sales; the first was AED 1,274,000 in January 2012.

What is the rent for unit 401?

AED 105,000 a year on the contract renewed on 3 October 2021. The previous contract, from October 2020, was AED 105,000; the unit has been rented since February 2013.

How big is unit 401?

1,936 sqft (179.9 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower completed in 2009.

What is unit 401 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 401, Marina Residences 2

Starts from the last sale price (AED 2.59M, 15 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,589,600
Deposit, UAE resident (20%)
AED 517,920
Deposit, non-resident (40%)
AED 1,035,840
Monthly over 25 years at 3.7%
AED 10,595

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