2-bed · 1,778 sqftMarina Residences 3, Palm Jumeirah · 11th floor · completed 2009

1109, Marina Residences 3

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

Unit 1109 · DLD and Ejari recordsUpdated 1 February 2022
Last soldAED 1.74M25 July 2018
Current rentAED 50K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1109, Marina Residences 3

What is 1109 worth today?

Last sold for AED 1,738,532 in 2018

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1 Feb 2022RentedNew contract
AED 50,000/yr12 months · AED 28 per sqft
25 Jul 2018SoldReady
AED 1,738,532AED 977 per sqft
15 Jun 2015RentedNew contract
AED 155,000/yr12 months · AED 87 per sqft
14 Sep 2013RentedNew contract
AED 150,000/yr12 months · AED 84 per sqft
2 Nov 2010Sold by developerReady
AED 3,471,000AED 1,952 per sqft

Source: Dubai Land Department. Updated 1 February 2022.

Key facts

Type
2-bed apartment
Size
1,778 sqft
Floor
11th of 14
Parking
CB1-6
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,600 /yr
Last sold
AED 1.74M · July 2018

About 1109, Marina Residences 3

1109 is a two-bedroom apartment of 1,778 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 25 July 2018 for AED 1,738,532, or AED 977 per sqft.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 February 2022, is AED 50,000 a year: a gross yield of 2.9% on the 2018 price, before the service charge of about AED 29,600 a year.

Sales and rents for 1109 over time

Sales
Unit 1109, 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, November 2010: AED 3,471,000 (AED 1,952 per sqft)Sold, July 2018: AED 1,738,532 (AED 977 per sqft)

1109 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1109, each contractTypical two-bed in Marina Residences 3
100K200K2012201620202024Typical 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, September 2013: AED 150,000 a yearNew contract, June 2015: AED 155,000 a yearNew contract, February 2022: AED 50,000 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 1109 sits

All 114 2-beds →

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. 1109's AED 50,000 is at the bottom 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
11042-bedAED 2.85M · Sep 2022
11053-bedAED 3.28M · Oct 2017
11063-bedAED 720K · Mar 2011
11073-bedAED 3.1M · Jun 2013
1–7 of 10

1109, Marina Residences 3 in numbers

  • Sold twice: first on 2 November 2010 for AED 3,471,000, last on 25 July 2018 for AED 1,738,532 (AED 977 per sqft).
  • Rented since September 2013 on 3 Ejari contracts, from AED 150,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2018 price is 2.9%, before a service charge of about AED 29,600 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 1 February 2022.

Questions about 1109, Marina Residences 3

What did unit 1109 last sell for?

AED 1,738,532 on 25 July 2018: AED 977 per sqft for 1,778 sqft. The unit has 2 registered sales; the first was AED 3,471,000 in November 2010.

What is the rent for unit 1109?

AED 50,000 a year on the contract signed on 1 February 2022. The previous contract, from June 2015, was AED 155,000; the unit has been rented since September 2013.

How big is unit 1109?

1,778 sqft (165.2 sqm): a two-bedroom apartment on the 11th floor of a 14-storey tower completed in 2009.

What is unit 1109 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 1109, Marina Residences 3

Starts from the last sale price (AED 1.74M, 25 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,738,532
Deposit, UAE resident (20%)
AED 347,706
Deposit, non-resident (40%)
AED 695,413
Monthly over 25 years at 3.7%
AED 7,113

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