2-bed · 2,019 sqftMarina Residences 3, Palm Jumeirah · 12th floor · completed 2009

1211, Marina Residences 3

Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1211 · DLD and Ejari recordsUpdated 30 January 2024
Last soldAED 2.4M15 January 2017
Current rentAED 149K /yr30 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1211, Marina Residences 3

What is 1211 worth today?

Last sold for AED 2,400,000 in 2017

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30 Jan 2024RentedRenewal
AED 149,390/yr6 months · AED 74 per sqft
30 Jan 2023RentedNew contract
AED 138,000/yr12 months · AED 68 per sqft
30 Jan 2022RentedRenewal
AED 115,000/yr12 months · AED 57 per sqft
30 Jan 2021RentedNew contract
AED 115,000/yr12 months · AED 57 per sqft
15 Jan 2017SoldReady
AED 2,400,000AED 1,188 per sqft
19 Feb 2015RentedNew contract
AED 160,000/yr12 months · AED 79 per sqft
3 Nov 2010Sold by developerReady
AED 2,520,000AED 1,248 per sqft

Source: Dubai Land Department. Updated 30 January 2024.

Key facts

Type
2-bed apartment
Size
2,019 sqft
Floor
12th of 14
Parking
CB1-286
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 33,700 /yr
Last sold
AED 2.4M · January 2017

About 1211, Marina Residences 3

1211 is a two-bedroom apartment of 2,019 sqft on the 12th 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 January 2017 for AED 2,400,000, or AED 1,188 per sqft, 17% below the AED 1,423 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 30 January 2024, is AED 149,390 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 33,700 a year.

Sales and rents for 1211 over time

Sales
Unit 1211, 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 2,520,000 (AED 1,248 per sqft)Sold, January 2017: AED 2,400,000 (AED 1,188 per sqft)

1211 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1211, 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, February 2015: AED 160,000 a yearNew contract, January 2021: AED 115,000 a yearRenewal, January 2022: AED 115,000 a yearNew contract, January 2023: AED 138,000 a yearRenewal, January 2024: AED 149,390 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 1211 sits

All 114 2-beds →

1211 last sold in January 2017 at AED 1,188 per sqft, 17% below what two-beds in Marina Residences 3 were fetching at the time (AED 1,423). 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. 1211's AED 149,390 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 12th floor

All 165 units in Marina Residences 3
Value
12012-bedAED 2.45M · Dec 2022
12022-bedAED 2.75M · Jan 2023
12032-bedAED 2.8M · Dec 2015
12042-bedAED 3.85M · Jun 2026
12053-bedAED 6.5M · Mar 2025
12063-bedAED 8.7M · Feb 2025
12073-bedAED 3.53M · Mar 2011
1–7 of 10

1211, Marina Residences 3 in numbers

  • Sold twice: first on 3 November 2010 for AED 2,520,000, last on 15 January 2017 for AED 2,400,000 (AED 1,188 per sqft).
  • Rented since February 2015 on 5 Ejari contracts. The rent fell from AED 160,000 to AED 115,000 in 2022 and recovered to AED 149,390 by January 2024.
  • At AED 149,390 a year the gross yield on the 2017 price is 6.2%, before a service charge of about AED 33,700 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 30 January 2024.

Questions about 1211, Marina Residences 3

What did unit 1211 last sell for?

AED 2,400,000 on 15 January 2017: AED 1,188 per sqft for 2,019 sqft. The unit has 2 registered sales; the first was AED 2,520,000 in November 2010.

What is the rent for unit 1211?

AED 149,390 a year on the contract renewed on 30 January 2024. The previous contract, from January 2023, was AED 138,000; the unit has been rented since February 2015.

How big is unit 1211?

2,019 sqft (187.6 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2009.

What is unit 1211 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 1211, Marina Residences 3

Starts from the last sale price (AED 2.4M, 15 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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