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2-bed · 4,046 sqftMarina Residences 2, Palm Jumeirah · completed 2009

TH01, Marina Residences 2

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH01 · DLD and Ejari recordsUpdated 12 December 2023
Last soldAED 6.68M12 December 2023
Current rentAED 200K /yr7 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH01, Marina Residences 2

What is TH01 worth today?

Last sold for AED 6,675,000 in 2023

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12 Dec 2023SoldReady
AED 6,675,000AED 1,649 per sqft
22 Nov 2018SoldReady
AED 2,900,000AED 1,061 per sqft
7 Nov 2018RentedNew contract
AED 200,000/yr12 months · AED 73 per sqft
10 Nov 2016RentedRenewal
AED 230,000/yr12 months · AED 84 per sqft
10 Nov 2015RentedNew contract
AED 230,000/yr12 months · AED 84 per sqft
15 Aug 2014RentedNew contract
AED 167,750/yr12 months · AED 61 per sqft
15 Aug 2012RentedNew contract
AED 152,500/yr12 months · AED 56 per sqft
19 Aug 2010Sold by developerReady
AED 5,163,900AED 1,890 per sqft

Source: Dubai Land Department. Updated 12 December 2023.

Key facts

Type
2-bed apartment
Size
4,046 sqft
Parking
Attached
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,400 /yr
Last sold
AED 6.68M · December 2023
Building
Marina Residences 2

About TH01, Marina Residences 2

TH01 is a two-bedroom apartment of 4,046 sqft of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 12 December 2023 for AED 6,675,000, or AED 1,649 per sqft, 7% above the AED 1,546 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 7 November 2018, is AED 200,000 a year: a gross yield of 3.0% on the 2023 price, before the service charge of about AED 67,400 a year.

Sales and rents for TH01 over time

Sales
Unit TH01, each saleTypical two-bed in Marina Residences 2
2.5M5M7.5M2009201420192024Typical 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, August 2010: AED 5,163,900 (AED 1,890 per sqft)Sold, November 2018: AED 2,900,000 (AED 1,061 per sqft)Sold, December 2023: AED 6,675,000 (AED 1,649 per sqft)

TH01 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH01, 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, August 2012: AED 152,500 a yearNew contract, August 2014: AED 167,750 a yearNew contract, November 2015: AED 230,000 a yearRenewal, November 2016: AED 230,000 a yearNew contract, November 2018: AED 200,000 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 TH01 sits

All 106 2-beds →

TH01 last sold in December 2023 at AED 1,649 per sqft, 7% above what two-beds in Marina Residences 2 were fetching at the time (AED 1,546). 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. TH01's AED 200,000 is in the lower half 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 →

TH01, Marina Residences 2 in numbers

  • Sold 3 times: first on 19 August 2010 for AED 5,163,900, last on 12 December 2023 for AED 6,675,000 (AED 1,649 per sqft).
  • Rented since August 2012 on 5 Ejari contracts, from AED 152,500 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2023 price is 3.0%, before a service charge of about AED 67,400 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 12 December 2023.

Questions about TH01, Marina Residences 2

What did unit TH01 last sell for?

AED 6,675,000 on 12 December 2023: AED 1,649 per sqft for 4,046 sqft. The unit has 3 registered sales; the first was AED 5,163,900 in August 2010.

What is the rent for unit TH01?

AED 200,000 a year on the contract signed on 7 November 2018. The previous contract, from November 2016, was AED 230,000; the unit has been rented since August 2012.

How big is unit TH01?

4,046 sqft (375.9 sqm): a two-bedroom apartment of a 14-storey tower completed in 2009.

What is unit TH01 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 TH01, Marina Residences 2

Starts from the last sale price (AED 6.68M, 12 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,675,000
Deposit, UAE resident (20%)
AED 1,335,000
Deposit, non-resident (40%)
AED 2,670,000
Monthly over 25 years at 3.7%
AED 27,309

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