3-bed · 2,439 sqftMarina Residences 2, Palm Jumeirah · 9th floor · completed 2009

905, Marina Residences 2

Sold prices and rental history: sold twice, last in October 2018, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 905 · DLD and Ejari recordsUpdated 4 October 2018
Last soldAED 1.58M4 October 2018
Current rentAED 215K /yr1 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 905, Marina Residences 2

What is 905 worth today?

Last sold for AED 1,575,000 in 2018

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4 Oct 2018SoldReady
AED 1,575,000AED 645 per sqft
1 Aug 2017RentedRenewal
AED 215,000/yr12 months · AED 88 per sqft
1 Aug 2016RentedNew contract
AED 215,000/yr12 months · AED 88 per sqft
5 Mar 2015RentedNew contract
AED 227,723/yr12 months · AED 93 per sqft
24 Oct 2013Sold by developerReady
AED 3,440,000AED 1,410 per sqft
20 Dec 2012RentedNew contract
AED 190,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 4 October 2018.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
9th of 14
Parking
2-LG158
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 1.58M · October 2018

About 905, Marina Residences 2

905 is a three-bedroom apartment of 2,439 sqft on the 9th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 4 October 2018 for AED 1,575,000, or AED 645 per sqft, 36% below the AED 1,011 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 1 August 2017, is AED 215,000 a year: a gross yield of 13.7% on the 2018 price, before the service charge of about AED 40,700 a year.

Sales and rents for 905 over time

Sales
Unit 905, 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, October 2013: AED 3,440,000 (AED 1,410 per sqft)Sold, October 2018: AED 1,575,000 (AED 645 per sqft)

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

Rents
Unit 905, 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, December 2012: AED 190,000 a yearNew contract, March 2015: AED 227,723 a yearNew contract, August 2016: AED 215,000 a yearRenewal, August 2017: AED 215,000 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 905 sits

All 49 3-beds →

905 last sold in October 2018 at AED 645 per sqft, 36% below what three-beds in Marina Residences 2 were fetching at the time (AED 1,011). 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. 905's AED 215,000 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 9th floor

All 158 units in Marina Residences 2
Value
9012-bedAED 2.7M · Feb 2014
9022-bedAED 3.7M · Apr 2024
9042-bedAED 2.9M · Apr 2015
9063-bedAED 9.7M · Aug 2024
9073-bedAED 3.44M · Apr 2013
9082-bedAED 2.43M · Dec 2012
9102-bedAED 2.19M · Jul 2018
1–7 of 8

905, Marina Residences 2 in numbers

  • Sold twice: first on 24 October 2013 for AED 3,440,000, last on 4 October 2018 for AED 1,575,000 (AED 645 per sqft).
  • Rented since December 2012 on 4 Ejari contracts, from AED 190,000 to AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2018 price is 13.7%, 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 4 October 2018.

Questions about 905, Marina Residences 2

What did unit 905 last sell for?

AED 1,575,000 on 4 October 2018: AED 645 per sqft for 2,439 sqft. The unit has 2 registered sales; the first was AED 3,440,000 in October 2013.

What is the rent for unit 905?

AED 215,000 a year on the contract renewed on 1 August 2017. The previous contract, from August 2016, was AED 215,000; the unit has been rented since December 2012.

How big is unit 905?

2,439 sqft (226.6 sqm): a three-bedroom apartment on the 9th floor of a 14-storey tower completed in 2009.

What is unit 905 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 905, Marina Residences 2

Starts from the last sale price (AED 1.58M, 4 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,575,000
Deposit, UAE resident (20%)
AED 315,000
Deposit, non-resident (40%)
AED 630,000
Monthly over 25 years at 3.7%
AED 6,444

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