3-bed · 4,054 sqftMarina Residences 3, Palm Jumeirah · 10th floor · completed 2009

1006, Marina Residences 3

Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1006 · DLD and Ejari recordsUpdated 31 August 2022
Last soldAED 3.8M31 August 2022
Current rentAED 210K /yr7 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1006, Marina Residences 3

What is 1006 worth today?

Last sold for AED 3,800,000 in 2022

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31 Aug 2022SoldReady
AED 3,800,000AED 937 per sqft
7 Nov 2020RentedNew contract
AED 210,000/yr12 months · AED 52 per sqft
15 Oct 2019RentedRenewal
AED 240,000/yr12 months · AED 59 per sqft
15 Oct 2018RentedNew contract
AED 240,000/yr12 months · AED 59 per sqft
1 Aug 2015RentedNew contract
AED 300,000/yr12 months · AED 74 per sqft
15 Jul 2014RentedNew contract
AED 295,000/yr12 months · AED 73 per sqft
15 May 2013RentedNew contract
AED 280,000/yr12 months · AED 69 per sqft
24 Jan 2011Sold by developerReady
AED 4,770,000AED 1,176 per sqft

Source: Dubai Land Department. Updated 31 August 2022.

Key facts

Type
3-bed apartment
Size
4,054 sqft
Floor
10th of 14
Parking
CLG-254, CLG-255
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 3.8M · August 2022

About 1006, Marina Residences 3

1006 is a three-bedroom apartment of 4,054 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 31 August 2022 for AED 3,800,000, or AED 937 per sqft, 33% below the AED 1,394 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 7 November 2020, is AED 210,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 67,600 a year.

Sales and rents for 1006 over time

Sales
Unit 1006, each saleTypical three-bed in Marina Residences 3
2.5M5M7.5M20102014201820222026Typical 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, January 2011: AED 4,770,000 (AED 1,176 per sqft)Sold, August 2022: AED 3,800,000 (AED 937 per sqft)

1006 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1006, 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, May 2013: AED 280,000 a yearNew contract, July 2014: AED 295,000 a yearNew contract, August 2015: AED 300,000 a yearNew contract, October 2018: AED 240,000 a yearRenewal, October 2019: AED 240,000 a yearNew contract, November 2020: AED 210,000 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 1006 sits

All 46 3-beds →

1006 last sold in August 2022 at AED 937 per sqft, 33% below what three-beds in Marina Residences 3 were fetching at the time (AED 1,394). 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. 1006's AED 210,000 is at the bottom 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
10053-bedAED 1.1M · Sep 2020
10073-bedAED 4.05M · Jun 2024
10082-bedAED 1.36M · Mar 2024
1–7 of 11

1006, Marina Residences 3 in numbers

  • Sold twice: first on 24 January 2011 for AED 4,770,000, last on 31 August 2022 for AED 3,800,000 (AED 937 per sqft).
  • Rented since May 2013 on 6 Ejari contracts, from AED 280,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 67,600 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 31 August 2022.

Questions about 1006, Marina Residences 3

What did unit 1006 last sell for?

AED 3,800,000 on 31 August 2022: AED 937 per sqft for 4,054 sqft. The unit has 2 registered sales; the first was AED 4,770,000 in January 2011.

What is the rent for unit 1006?

AED 210,000 a year on the contract signed on 7 November 2020. The previous contract, from October 2019, was AED 240,000; the unit has been rented since May 2013.

How big is unit 1006?

4,054 sqft (376.6 sqm): a three-bedroom apartment on the 10th floor of a 14-storey tower completed in 2009.

What is unit 1006 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 1006, Marina Residences 3

Starts from the last sale price (AED 3.8M, 31 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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