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2-bed · 4,144 sqftMarina Residences 2, Palm Jumeirah · completed 2009

TH03, Marina Residences 2

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH03 · DLD and Ejari recordsUpdated 21 September 2024
Last soldAED 6.6M12 September 2024
Current rentAED 198K /yr21 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH03, Marina Residences 2

What is TH03 worth today?

Last sold for AED 6,600,000 in 2024

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21 Sep 2024RentedRenewal
AED 198,450/yr12 months · AED 48 per sqft
12 Sep 2024SoldReady
AED 6,600,000AED 1,592 per sqft
21 Sep 2023RentedRenewal
AED 189,000/yr12 months · AED 46 per sqft
21 Sep 2022RentedRenewal
AED 180,000/yr12 months · AED 43 per sqft
21 Sep 2021RentedRenewal
AED 170,000/yr12 months · AED 41 per sqft
21 Sep 2020RentedRenewal
AED 175,000/yr12 months · AED 42 per sqft
21 Sep 2019RentedRenewal
AED 175,000/yr12 months · AED 42 per sqft
21 Sep 2017RentedRenewal
AED 200,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 21 September 2024.

Key facts

Type
2-bed apartment
Size
4,144 sqft
Parking
Attached
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 69,100 /yr
Last sold
AED 6.6M · September 2024
Building
Marina Residences 2

About TH03, Marina Residences 2

TH03 is a two-bedroom apartment of 4,144 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 September 2024 for AED 6,600,000, or AED 1,592 per sqft, 16% below the AED 1,890 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, renewed on 21 September 2024, is AED 198,450 a year: a gross yield of 3.0% on the 2024 price, before the service charge of about AED 69,100 a year.

Sales and rents for TH03 over time

Sales
Unit TH03, each saleTypical two-bed in Marina Residences 2
2.5M5M2009201420192024Typical 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, April 2010: AED 5,163,900 (AED 1,246 per sqft)Sold, September 2024: AED 6,600,000 (AED 1,592 per sqft)

TH03 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH03, 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, April 2012: AED 200,000 a yearNew contract, April 2013: AED 200,000 a yearNew contract, June 2014: AED 250,000 a yearNew contract, June 2015: AED 250,000 a yearNew contract, September 2016: AED 215,000 a yearRenewal, September 2017: AED 200,000 a yearRenewal, September 2019: AED 175,000 a yearRenewal, September 2020: AED 175,000 a yearRenewal, September 2021: AED 170,000 a yearRenewal, September 2022: AED 180,000 a yearRenewal, September 2023: AED 189,000 a yearRenewal, September 2024: AED 198,450 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 TH03 sits

All 106 2-beds →

TH03 last sold in September 2024 at AED 1,592 per sqft, 16% below what two-beds in Marina Residences 2 were fetching at the time (AED 1,890). 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. TH03's AED 198,450 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 →

TH03, Marina Residences 2 in numbers

  • Sold twice: first on 20 April 2010 for AED 5,163,900, last on 12 September 2024 for AED 6,600,000 (AED 1,592 per sqft).
  • Rented since April 2012 on 12 Ejari contracts. The rent fell from AED 200,000 to AED 170,000 in 2021 and recovered to AED 198,450 by September 2024.
  • At AED 198,450 a year the gross yield on the 2024 price is 3.0%, before a service charge of about AED 69,100 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 21 September 2024.

Questions about TH03, Marina Residences 2

What did unit TH03 last sell for?

AED 6,600,000 on 12 September 2024: AED 1,592 per sqft for 4,144 sqft. The unit has 2 registered sales; the first was AED 5,163,900 in April 2010.

What is the rent for unit TH03?

AED 198,450 a year on the contract renewed on 21 September 2024. The previous contract, from September 2023, was AED 189,000; the unit has been rented since April 2012.

How big is unit TH03?

4,144 sqft (385.0 sqm): a two-bedroom apartment of a 14-storey tower completed in 2009.

What is unit TH03 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 TH03, Marina Residences 2

Starts from the last sale price (AED 6.6M, 12 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,600,000
Deposit, UAE resident (20%)
AED 1,320,000
Deposit, non-resident (40%)
AED 2,640,000
Monthly over 25 years at 3.7%
AED 27,003

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