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3-bed · 2,439 sqftMarina Residences 2, Palm Jumeirah · 7th floor · completed 2009

705, Marina Residences 2

Sold prices and rental history: sold 3 times, last in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 11 August 2022
Last soldAED 4.2M11 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, Marina Residences 2

What is 705 worth today?

Last sold for AED 4,200,000 in 2022

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11 Aug 2022SoldReady
AED 4,200,000AED 1,722 per sqft
3 Nov 2014SoldReady
AED 3,950,000AED 1,619 per sqft
3 Mar 2011Sold by developerReady
AED 4,939,600AED 2,025 per sqft

Source: Dubai Land Department. Updated 11 August 2022.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
7th of 14
Parking
CB1-20
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 4.2M · August 2022
Building
Marina Residences 2

About 705, Marina Residences 2

705 is a three-bedroom apartment of 2,439 sqft on the 7th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 11 August 2022 for AED 4,200,000, or AED 1,722 per sqft, 35% above the AED 1,271 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 705 over time

Sales
Unit 705, 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, March 2011: AED 4,939,600 (AED 2,025 per sqft)Sold, November 2014: AED 3,950,000 (AED 1,619 per sqft)Sold, August 2022: AED 4,200,000 (AED 1,722 per sqft)

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

Rents
Unit 705, 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 327,500

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 705 sits

All 49 3-beds →

705 last sold in August 2022 at AED 1,722 per sqft, 35% above what three-beds in Marina Residences 2 were fetching at the time (AED 1,271). 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.

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 7th floor

All 158 units in Marina Residences 2
Value
7012-bedAED 2.3M · Jun 2015
7022-bedAED 3.4M · Jun 2024
7032-bedAED 2.77M · Jun 2011
7042-bedAED 2.5M · Jan 2018
7063-bedAED 5.2M · Nov 2021
7073-bedAED 4.82M · Mar 2010
7082-bedAED 3.3M · Aug 2024
1–7 of 10

705, Marina Residences 2 in numbers

  • Sold 3 times: first on 3 March 2011 for AED 4,939,600, last on 11 August 2022 for AED 4,200,000 (AED 1,722 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 11 August 2022.

Questions about 705, Marina Residences 2

What did unit 705 last sell for?

AED 4,200,000 on 11 August 2022: AED 1,722 per sqft for 2,439 sqft. The unit has 3 registered sales; the first was AED 4,939,600 in March 2011.

How big is unit 705?

2,439 sqft (226.6 sqm): a three-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.

What is unit 705 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 705, Marina Residences 2

Starts from the last sale price (AED 4.2M, 11 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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