2-bed · 1,746 sqftMarina Residences 3, Palm Jumeirah · 11th floor · completed 2009

1104, Marina Residences 3

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

Unit 1104 · DLD and Ejari recordsUpdated 22 September 2022
Last soldAED 2.85M22 September 2022
Current rentAED 127K /yr24 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1104, Marina Residences 3

What is 1104 worth today?

Last sold for AED 2,850,000 in 2022

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22 Sep 2022SoldReady
AED 2,850,000AED 1,632 per sqft
24 Dec 2021RentedRenewal
AED 126,500/yr12 months · AED 73 per sqft
24 Dec 2020RentedRenewal
AED 115,000/yr12 months · AED 66 per sqft
24 Dec 2019RentedNew contract
AED 120,000/yr12 months · AED 69 per sqft
3 Aug 2018RentedNew contract
AED 130,000/yr12 months · AED 75 per sqft
1 Jul 2016RentedNew contract
AED 155,000/yr12 months · AED 89 per sqft
19 Jun 2015RentedNew contract
AED 155,000/yr12 months · AED 89 per sqft
18 Apr 2014RentedNew contract
AED 149,500/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 22 September 2022.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
11th of 14
Parking
CB1-10
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 2.85M · September 2022

About 1104, Marina Residences 3

1104 is a two-bedroom apartment of 1,746 sqft on the 11th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 22 September 2022 for AED 2,850,000, or AED 1,632 per sqft, 51% above the AED 1,083 two-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 24 December 2021, is AED 126,500 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 29,100 a year.

Sales and rents for 1104 over time

Sales
Unit 1104, 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, March 2010: AED 3,586,400 (AED 2,054 per sqft)Sold, September 2022: AED 2,850,000 (AED 1,632 per sqft)

1104 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1104, 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, April 2013: AED 130,000 a yearNew contract, April 2014: AED 149,500 a yearNew contract, June 2015: AED 155,000 a yearNew contract, July 2016: AED 155,000 a yearNew contract, August 2018: AED 130,000 a yearNew contract, December 2019: AED 120,000 a yearRenewal, December 2020: AED 115,000 a yearRenewal, December 2021: AED 126,500 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 1104 sits

All 114 2-beds →

1104 last sold in September 2022 at AED 1,632 per sqft, 51% above what two-beds in Marina Residences 3 were fetching at the time (AED 1,083). 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. 1104's AED 126,500 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 11th floor

All 165 units in Marina Residences 3
Value
11012-bedAED 1.55M · Oct 2010
11022-bedAED 3.49M · Jan 2011
11032-bedAED 4M · Nov 2024
11053-bedAED 3.28M · Oct 2017
11063-bedAED 720K · Mar 2011
11073-bedAED 3.1M · Jun 2013
11082-bedAED 2.9M · Nov 2023
1–7 of 10

1104, Marina Residences 3 in numbers

  • Sold twice: first on 23 March 2010 for AED 3,586,400, last on 22 September 2022 for AED 2,850,000 (AED 1,632 per sqft).
  • Rented since April 2013 on 8 Ejari contracts, from AED 130,000 to AED 126,500 a year.
  • At AED 126,500 a year the gross yield on the 2022 price is 4.4%, 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 22 September 2022.

Questions about 1104, Marina Residences 3

What did unit 1104 last sell for?

AED 2,850,000 on 22 September 2022: AED 1,632 per sqft for 1,746 sqft. The unit has 2 registered sales; the first was AED 3,586,400 in March 2010.

What is the rent for unit 1104?

AED 126,500 a year on the contract renewed on 24 December 2021. The previous contract, from December 2020, was AED 115,000; the unit has been rented since April 2013.

How big is unit 1104?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2009.

What is unit 1104 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 1104, Marina Residences 3

Starts from the last sale price (AED 2.85M, 22 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

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