2-bed · 1,746 sqftMarina Residences 3, Palm Jumeirah · 10th floor · completed 2009

1004, Marina Residences 3

Sold prices and rental history: sold 4 times, last in August 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 15 August 2018
Last soldAED 2.2M15 August 2018
Current rentAED 150K /yr30 November 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Marina Residences 3

What is 1004 worth today?

Last sold for AED 2,200,000 in 2018

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15 Aug 2018SoldReady
AED 2,200,000AED 1,260 per sqft
30 Jul 2018SoldReady
AED 1,500,000AED 859 per sqft
30 Nov 2016RentedNew contract
AED 150,000/yr12 months · AED 86 per sqft
1 Aug 2015RentedNew contract
AED 165,000/yr12 months · AED 95 per sqft
18 Mar 2014RentedNew contract
AED 175,000/yr12 months · AED 100 per sqft
25 Jan 2013RentedNew contract
AED 150,000/yr12 months · AED 86 per sqft
26 Sep 2012SoldReady
AED 2,080,000AED 1,191 per sqft
26 Sep 2010Sold by developerReady
AED 3,537,800AED 2,026 per sqft

Source: Dubai Land Department. Updated 15 August 2018.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
10th of 14
Parking
GB40
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 2.2M · August 2018

About 1004, Marina Residences 3

1004 is a two-bedroom apartment of 1,746 sqft on the 10th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 15 August 2018 for AED 2,200,000, or AED 1,260 per sqft, 5% above the AED 1,200 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 30 November 2016, is AED 150,000 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 29,100 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical two-bed in Marina Residences 3
2M4M2010201520202025Typical sale price by year: 2010 AED 2,689,500; 2011 AED 2,670,000; 2012 AED 2,130,000; 2013 AED 2,012,750; 2014 AED 2,647,900; 2015 AED 2,606,650; 2016 AED 2,650,000; 2017 AED 2,567,500; 2018 AED 1,936,766; 2019 AED 1,748,000; 2020 AED 1,497,500; 2021 AED 1,865,000; 2022 AED 2,350,000; 2023 AED 2,662,500; 2024 AED 3,000,000; 2025 AED 3,500,000; 2026 AED 3,850,000Sold by developer, September 2010: AED 3,537,800 (AED 2,026 per sqft)Sold, September 2012: AED 2,080,000 (AED 1,191 per sqft)Sold, July 2018: AED 1,500,000 (AED 859 per sqft)Sold, August 2018: AED 2,200,000 (AED 1,260 per sqft)

1004 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1004, each contractTypical two-bed in Marina Residences 3
100K150K200K2012201620202024Typical rent by year: 2012 AED 122,500; 2013 AED 140,000; 2014 AED 155,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 149,000; 2018 AED 135,000; 2019 AED 120,000; 2020 AED 110,000; 2021 AED 108,000; 2022 AED 126,500; 2023 AED 140,000; 2024 AED 170,156; 2025 AED 190,000; 2026 AED 190,000New contract, January 2013: AED 150,000 a yearNew contract, March 2014: AED 175,000 a yearNew contract, August 2015: AED 165,000 a yearNew contract, November 2016: AED 150,000 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 3, and where 1004 sits

All 114 2-beds →

1004 last sold in August 2018 at AED 1,260 per sqft, 5% above what two-beds in Marina Residences 3 were fetching at the time (AED 1,200). Over the last 12 months two-beds sold for AED 3,300,000 to 4,100,000, around AED 1,981 per sqft, and rent for AED 55,000 to 416,879 a year. 1004's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20263,300,000
21 Aug 20263,330,000
4 Aug 20263,850,000
29 Jul 20264,100,000
9 2-bed sales in the last 12 months

Marina Residences 3

Building

165 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 13 sold in the last 12 months.

Typical price per sqft
AED 1,989 Up 0.6%
Typical sale
AED 3.85M
Typical rent
AED 195K /yr
Typical yield
5.3%
Marina Residences 3, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 165 units in Marina Residences 3
Value
10012-bedAED 1.8M · Sep 2011
10022-bedAED 2.65M · Jun 2016
10032-bedAED 2.9M · Jul 2014
10053-bedAED 1.1M · Sep 2020
10063-bedAED 3.8M · Aug 2022
10073-bedAED 4.05M · Jun 2024
10082-bedAED 1.36M · Mar 2024
1–7 of 11

1004, Marina Residences 3 in numbers

  • Sold 4 times: first on 26 September 2010 for AED 3,537,800, last on 15 August 2018 for AED 2,200,000 (AED 1,260 per sqft).
  • Rented since January 2013 on 4 Ejari contracts, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2018 price is 6.8%, before a service charge of about AED 29,100 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 3 sold for AED 3,300,000–4,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,989 per sqft.

Source: Dubai Land Department. Updated 15 August 2018.

Questions about 1004, Marina Residences 3

What did unit 1004 last sell for?

AED 2,200,000 on 15 August 2018: AED 1,260 per sqft for 1,746 sqft. The unit has 4 registered sales; the first was AED 3,537,800 in September 2010.

What is the rent for unit 1004?

AED 150,000 a year on the contract signed on 30 November 2016. The previous contract, from August 2015, was AED 165,000; the unit has been rented since January 2013.

How big is unit 1004?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2009.

What is unit 1004 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 3 sold for AED 3,300,000 to 4,100,000 in the last 12 months, around AED 1,981 per sqft.

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Mortgage on 1004, Marina Residences 3

Starts from the last sale price (AED 2.2M, 15 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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