3-bed · 1,262 sqftMarina Residences 3, Palm Jumeirah · 10th floor · completed 2009

1005, Marina Residences 3

Sold prices and rental history: sold 4 times, last in September 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 27 March 2024
Last soldAED 1.1M15 September 2020
Current rentAED 290K /yr27 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1005, Marina Residences 3

What is 1005 worth today?

Last sold for AED 1,100,000 in 2020

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27 Mar 2024RentedNew contract
AED 290,000/yr12 months · AED 115 per sqft
3 Aug 2022RentedRenewal
AED 147,000/yr12 months · AED 58 per sqft
3 Aug 2021RentedNew contract
AED 140,000/yr12 months · AED 55 per sqft
15 Sep 2020SoldReady
AED 1,100,000AED 871 per sqft
3 Jul 2020RentedNew contract
AED 140,000/yr13 months · AED 55 per sqft
1 Aug 2018RentedNew contract
AED 160,000/yr12 months · AED 63 per sqft
25 Oct 2016RentedNew contract
AED 195,000/yr12 months · AED 77 per sqft
23 Oct 2016SoldReady
AED 3,281,200AED 1,299 per sqft

Source: Dubai Land Department. Updated 27 March 2024.

Key facts

Type
3-bed apartment
Size
1,262 sqft
Floor
10th of 14
Parking
CB1-259
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 21,000 /yr
Last sold
AED 1.1M · September 2020

About 1005, Marina Residences 3

1005 is a three-bedroom apartment of 1,262 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 September 2020 for AED 1,100,000, or AED 871 per sqft, in line with the AED 880 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 27 March 2024, is AED 290,000 a year: a gross yield of 26.4% on the 2020 price, before the service charge of about AED 21,000 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical three-bed in Marina Residences 3
05M20102014201820222026Typical sale price by year: 2010 AED 3,700,000; 2011 AED 3,746,650; 2012 AED 3,400,000; 2013 AED 3,467,050; 2014 AED 4,350,000; 2015 AED 3,150,000; 2017 AED 3,087,500; 2020 AED 3,125,000; 2021 AED 2,850,000; 2022 AED 3,725,000; 2023 AED 4,165,000; 2024 AED 4,200,000; 2025 AED 8,000,000Sold by developer, April 2011: AED 3,470,000 (AED 1,374 per sqft)Sold, July 2011: AED 2,600,000 (AED 1,029 per sqft)Sold, October 2016: AED 3,281,200 (AED 1,299 per sqft)Sold, September 2020: AED 1,100,000 (AED 871 per sqft)

1005 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1005, each contractTypical three-bed in Marina Residences 3
200K300K2012201620202024Typical rent by year: 2012 AED 212,500; 2013 AED 200,000; 2014 AED 225,500; 2015 AED 225,000; 2016 AED 210,000; 2017 AED 187,500; 2018 AED 175,000; 2019 AED 167,500; 2020 AED 160,000; 2021 AED 160,000; 2022 AED 173,250; 2023 AED 240,000; 2024 AED 255,000; 2025 AED 360,000; 2026 AED 356,500New contract, September 2012: AED 220,000 a yearNew contract, October 2013: AED 250,000 a yearNew contract, October 2014: AED 250,000 a yearRenewal, October 2015: AED 250,000 a yearNew contract, October 2016: AED 195,000 a yearNew contract, August 2018: AED 160,000 a yearNew contract, July 2020: AED 140,000 a yearNew contract, August 2021: AED 140,000 a yearRenewal, August 2022: AED 147,000 a yearNew contract, March 2024: AED 290,000 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 3, and where 1005 sits

All 46 3-beds →

1005 last sold in September 2020 at AED 871 per sqft, in line with what three-beds in Marina Residences 3 were fetching at the time (AED 880). Over the last 12 months three-beds sold for AED 4,850,000 to 7,300,000, around AED 2,993 per sqft, and rent for AED 212,000 to 520,000 a year. 1005's AED 290,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
20 Apr 20264,850,000
2 Feb 20267,300,000
10 Nov 20257,300,000
4 Jun 20256,800,000
3 3-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
10042-bedAED 2.2M · Aug 2018
10063-bedAED 3.8M · Aug 2022
10073-bedAED 4.05M · Jun 2024
10082-bedAED 1.36M · Mar 2024
1–7 of 11

1005, Marina Residences 3 in numbers

  • Sold 4 times: first on 24 April 2011 for AED 3,470,000, last on 15 September 2020 for AED 1,100,000 (AED 871 per sqft).
  • Rented since September 2012 on 10 Ejari contracts. The rent fell from AED 220,000 to AED 140,000 in 2021 and recovered to AED 290,000 by March 2024.
  • At AED 290,000 a year the gross yield on the 2020 price is 26.4%, before a service charge of about AED 21,000 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 3 sold for AED 4,850,000–7,300,000 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 27 March 2024.

Questions about 1005, Marina Residences 3

What did unit 1005 last sell for?

AED 1,100,000 on 15 September 2020: AED 871 per sqft for 1,262 sqft. The unit has 4 registered sales; the first was AED 3,470,000 in April 2011.

What is the rent for unit 1005?

AED 290,000 a year on the contract signed on 27 March 2024. The previous contract, from August 2022, was AED 147,000; the unit has been rented since September 2012.

How big is unit 1005?

1,262 sqft (117.2 sqm): a three-bedroom apartment on the 10th floor of a 14-storey tower completed in 2009.

What is unit 1005 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 3 sold for AED 4,850,000 to 7,300,000 in the last 12 months, around AED 2,993 per sqft.

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Mortgage on 1005, Marina Residences 3

Starts from the last sale price (AED 1.1M, 15 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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