2-bed · 2,046 sqftMarina Residences 3, Palm Jumeirah · 1st floor · completed 2009

102, Marina Residences 3

Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 102 · DLD and Ejari recordsUpdated 20 July 2019
Last soldAED 2.75M11 March 2014
Current rentAED 110K /yr20 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 102, Marina Residences 3

What is 102 worth today?

Last sold for AED 2,750,000 in 2014

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20 Jul 2019RentedNew contract
AED 110,000/yr12 months · AED 54 per sqft
28 May 2018RentedRenewal
AED 155,000/yr12 months · AED 76 per sqft
28 May 2017RentedNew contract
AED 155,000/yr12 months · AED 76 per sqft
10 Feb 2015RentedNew contract
AED 170,000/yr12 months · AED 83 per sqft
11 Mar 2014SoldReady
AED 2,750,000AED 1,344 per sqft
16 Jul 2013RentedNew contract
AED 135,000/yr12 months · AED 66 per sqft
2 Jan 2012Sold by developerReady
AED 2,662,200AED 1,301 per sqft

Source: Dubai Land Department. Updated 20 July 2019.

Key facts

Type
2-bed apartment
Size
2,046 sqft
Floor
1st of 14
Parking
CLG-226
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 34,100 /yr
Last sold
AED 2.75M · March 2014

About 102, Marina Residences 3

102 is a two-bedroom apartment of 2,046 sqft on the 1st floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 11 March 2014 for AED 2,750,000, or AED 1,344 per sqft, 24% above the AED 1,080 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 20 July 2019, is AED 110,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 34,100 a year.

Sales and rents for 102 over time

Sales
Unit 102, 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, January 2012: AED 2,662,200 (AED 1,301 per sqft)Sold, March 2014: AED 2,750,000 (AED 1,344 per sqft)

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

Rents
Unit 102, 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, July 2013: AED 135,000 a yearNew contract, February 2015: AED 170,000 a yearNew contract, May 2017: AED 155,000 a yearRenewal, May 2018: AED 155,000 a yearNew contract, July 2019: AED 110,000 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 102 sits

All 114 2-beds →

102 last sold in March 2014 at AED 1,344 per sqft, 24% above what two-beds in Marina Residences 3 were fetching at the time (AED 1,080). 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. 102's AED 110,000 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 1st floor

All 165 units in Marina Residences 3
Value
1012-bedAED 2.39M · Nov 2010
1032-bedAED 4M · Mar 2025
1042-bedAED 2.75M · Nov 2010
1053-bedAED 2.85M · Jun 2021
1063-bedAED 6.13M · Nov 2010
1073-bedAED 3.15M · Feb 2011
1082-bedAED 2.13M · Jun 2013
1–7 of 10

102, Marina Residences 3 in numbers

  • Sold twice: first on 2 January 2012 for AED 2,662,200, last on 11 March 2014 for AED 2,750,000 (AED 1,344 per sqft).
  • Rented since July 2013 on 5 Ejari contracts, from AED 135,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2014 price is 4.0%, before a service charge of about AED 34,100 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 20 July 2019.

Questions about 102, Marina Residences 3

What did unit 102 last sell for?

AED 2,750,000 on 11 March 2014: AED 1,344 per sqft for 2,046 sqft. The unit has 2 registered sales; the first was AED 2,662,200 in January 2012.

What is the rent for unit 102?

AED 110,000 a year on the contract signed on 20 July 2019. The previous contract, from May 2018, was AED 155,000; the unit has been rented since July 2013.

How big is unit 102?

2,046 sqft (190.1 sqm): a two-bedroom apartment on the 1st floor of a 14-storey tower completed in 2009.

What is unit 102 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 102, Marina Residences 3

Starts from the last sale price (AED 2.75M, 11 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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