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3-bed · 4,947 sqftMarina Residences 2, Palm Jumeirah · Ground floor · completed 2009

G02, Marina Residences 2

Sold prices and rental history: sold twice, last in June 2022, and rented once, from October 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 20 October 2023
Last soldAED 5.5M23 June 2022
Current rentAED 390K /yr20 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G02, Marina Residences 2

What is G02 worth today?

Last sold for AED 5,500,000 in 2022

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20 Oct 2023RentedNew contract
AED 390,000/yr12 months · AED 79 per sqft
23 Jun 2022SoldReady
AED 5,500,000AED 1,111 per sqft
23 May 2011Sold by developerReady
AED 2,897,000AED 585 per sqft

Source: Dubai Land Department. Updated 20 October 2023.

Key facts

Type
3-bed apartment
Size
4,947 sqft
Floor
Ground of 14
Parking
CB1-257, CB1-258
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 82,500 /yr
Last sold
AED 5.5M · June 2022
Building
Marina Residences 2

About G02, Marina Residences 2

G02 is a three-bedroom apartment of 4,947 sqft on the ground floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 23 June 2022 for AED 5,500,000, or AED 1,111 per sqft, 10% below the AED 1,234 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 October 2023. The current contract, signed on 20 October 2023, is AED 390,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 82,500 a year.

Sales and rents for G02 over time

Sales
Unit G02, 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, May 2011: AED 2,897,000 (AED 585 per sqft)Sold, June 2022: AED 5,500,000 (AED 1,111 per sqft)

G02 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit G02, each contractTypical three-bed in Marina Residences 2
200K400K2012201620202024Typical 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, October 2023: AED 390,000 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 G02 sits

All 49 3-beds →

G02 last sold in June 2022 at AED 1,111 per sqft, 10% below what three-beds in Marina Residences 2 were fetching at the time (AED 1,234). 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. G02's AED 390,000 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 ground floor

All 158 units in Marina Residences 2
Value
G013-bedAED 3.4M · Aug 2011
G033-bedAED 3.4M · Jan 2013

G02, Marina Residences 2 in numbers

  • Sold twice: first on 23 May 2011 for AED 2,897,000, last on 23 June 2022 for AED 5,500,000 (AED 1,111 per sqft).
  • Rented since October 2023 on one Ejari contract, at AED 390,000 a year.
  • At AED 390,000 a year the gross yield on the 2022 price is 7.1%, before a service charge of about AED 82,500 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 20 October 2023.

Questions about G02, Marina Residences 2

What did unit G02 last sell for?

AED 5,500,000 on 23 June 2022: AED 1,111 per sqft for 4,947 sqft. The unit has 2 registered sales; the first was AED 2,897,000 in May 2011.

What is the rent for unit G02?

AED 390,000 a year on the contract signed on 20 October 2023.

How big is unit G02?

4,947 sqft (459.6 sqm): a three-bedroom apartment on the ground floor of a 14-storey tower completed in 2009.

What is unit G02 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 G02, Marina Residences 2

Starts from the last sale price (AED 5.5M, 23 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

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