3-bed · 3,996 sqftMarina Residences 2, Palm Jumeirah · -1th floor · completed 2009

TH04, Marina Residences 2

Sold prices and rental history: sold twice, last in September 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH04 · DLD and Ejari recordsUpdated 13 September 2021
Last soldAED 3.48M13 September 2021
Current rentAED 160K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH04, Marina Residences 2

What is TH04 worth today?

Last sold for AED 3,475,000 in 2021

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13 Sep 2021SoldReady
AED 3,475,000AED 869 per sqft
1 Sep 2020RentedRenewal
AED 160,000/yr12 months · AED 40 per sqft
1 Sep 2019RentedNew contract
AED 160,000/yr12 months · AED 40 per sqft
26 Feb 2018RentedRenewal
AED 215,000/yr12 months · AED 54 per sqft
23 Jan 2017RentedRenewal
AED 210,572/yr13 months · AED 53 per sqft
23 Jan 2016RentedNew contract
AED 230,000/yr12 months · AED 58 per sqft
4 Jul 2015RentedNew contract
AED 235,000/yr12 months · AED 59 per sqft
1 Nov 2014RentedNew contract
AED 269,252/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 13 September 2021.

Key facts

Type
3-bed apartment
Size
3,996 sqft
Floor
-1th of 14
Parking
Attached
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 66,600 /yr
Last sold
AED 3.48M · September 2021

About TH04, Marina Residences 2

TH04 is a three-bedroom apartment of 3,996 sqft on the -1th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 13 September 2021 for AED 3,475,000, or AED 869 per sqft, in line with the AED 888 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 September 2020, is AED 160,000 a year: a gross yield of 4.6% on the 2021 price, before the service charge of about AED 66,600 a year.

Sales and rents for TH04 over time

Sales
Unit TH04, 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 5,163,900 (AED 1,292 per sqft)Sold, September 2021: AED 3,475,000 (AED 869 per sqft)

TH04 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit TH04, 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, October 2013: AED 240,000 a yearNew contract, November 2014: AED 269,252 a yearNew contract, July 2015: AED 235,000 a yearNew contract, January 2016: AED 230,000 a yearRenewal, January 2017: AED 210,572 a yearRenewal, February 2018: AED 215,000 a yearNew contract, September 2019: AED 160,000 a yearRenewal, September 2020: AED 160,000 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 TH04 sits

All 49 3-beds →

TH04 last sold in September 2021 at AED 869 per sqft, in line with what three-beds in Marina Residences 2 were fetching at the time (AED 888). 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. TH04's AED 160,000 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 -1th floor

All 158 units in Marina Residences 2
Value
LG013-bedAED 5.2M · Oct 2024
LG023-bedAED 5.76M · Nov 2010
LG033-bedAED 3.03M · Dec 2010
TH053-bedAED 4.3M · Oct 2022
TH062-bedAED 6M · Jul 2024
TH073-bedAED 5.16M · Aug 2011
TH083-bedAED 3M · Dec 2020

TH04, Marina Residences 2 in numbers

  • Sold twice: first on 15 March 2011 for AED 5,163,900, last on 13 September 2021 for AED 3,475,000 (AED 869 per sqft).
  • Rented since October 2013 on 8 Ejari contracts, from AED 240,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2021 price is 4.6%, before a service charge of about AED 66,600 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 13 September 2021.

Questions about TH04, Marina Residences 2

What did unit TH04 last sell for?

AED 3,475,000 on 13 September 2021: AED 869 per sqft for 3,996 sqft. The unit has 2 registered sales; the first was AED 5,163,900 in March 2011.

What is the rent for unit TH04?

AED 160,000 a year on the contract renewed on 1 September 2020. The previous contract, from September 2019, was AED 160,000; the unit has been rented since October 2013.

How big is unit TH04?

3,996 sqft (371.2 sqm): a three-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.

What is unit TH04 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 TH04, Marina Residences 2

Starts from the last sale price (AED 3.48M, 13 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,475,000
Deposit, UAE resident (20%)
AED 695,000
Deposit, non-resident (40%)
AED 1,390,000
Monthly over 25 years at 3.7%
AED 14,217

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