2-bed · 2,042 sqftMarina Residences 3, Palm Jumeirah · 2nd floor · completed 2009

203, Marina Residences 3

Sold prices and rental history: sold 3 times, last in February 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 2.9M15 February 2023
Current rentAED 150K /yr1 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Marina Residences 3

What is 203 worth today?

Last sold for AED 2,900,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Feb 2023SoldReady
AED 2,900,000AED 1,420 per sqft
1 Dec 2021RentedNew contract
AED 150,000/yr12 months · AED 73 per sqft
15 May 2020RentedNew contract
AED 95,000/yr12 months · AED 46 per sqft
15 May 2019RentedRenewal
AED 145,000/yr12 months · AED 71 per sqft
15 May 2018RentedNew contract
AED 150,000/yr12 months · AED 73 per sqft
14 Mar 2017RentedRenewal
AED 230,000/yr12 months · AED 112 per sqft
14 Mar 2016RentedNew contract
AED 190,000/yr12 months · AED 93 per sqft
22 Jun 2014SoldReady
AED 3,000,000AED 1,469 per sqft

Source: Dubai Land Department. Updated 15 February 2023.

Key facts

Type
2-bed apartment
Size
2,042 sqft
Floor
2nd of 14
Parking
3-B12
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 34,000 /yr
Last sold
AED 2.9M · February 2023

About 203, Marina Residences 3

203 is a two-bedroom apartment of 2,042 sqft on the 2nd 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 February 2023 for AED 2,900,000, or AED 1,420 per sqft, 13% above the AED 1,256 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 December 2021, is AED 150,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 34,000 a year.

Sales and rents for 203 over time

Sales
Unit 203, 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, May 2011: AED 2,670,000 (AED 1,307 per sqft)Sold, June 2014: AED 3,000,000 (AED 1,469 per sqft)Sold, February 2023: AED 2,900,000 (AED 1,420 per sqft)

203 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 203, 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, April 2013: AED 125,000 a yearNew contract, April 2014: AED 145,000 a yearRenewal, April 2014: AED 145,000 a yearNew contract, March 2016: AED 190,000 a yearRenewal, March 2017: AED 230,000 a yearNew contract, May 2018: AED 150,000 a yearRenewal, May 2019: AED 145,000 a yearNew contract, May 2020: AED 95,000 a yearNew contract, December 2021: AED 150,000 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 203 sits

All 114 2-beds →

203 last sold in February 2023 at AED 1,420 per sqft, 13% above what two-beds in Marina Residences 3 were fetching at the time (AED 1,256). 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. 203's AED 150,000 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 2nd floor

All 165 units in Marina Residences 3
Value
2012-bedAED 1.28M · Nov 2010
2022-bedAED 2.75M · Nov 2021
2042-bedAED 4.5M · Jul 2025
2053-bedAED 4.3M · Jul 2023
2063-bedAED 6.15M · Aug 2023
2073-bedAED 4.85M · Apr 2026
2082-bedAED 2.45M · Jan 2022
1–7 of 10

203, Marina Residences 3 in numbers

  • Sold 3 times: first on 11 May 2011 for AED 2,670,000, last on 15 February 2023 for AED 2,900,000 (AED 1,420 per sqft).
  • Rented since April 2013 on 9 Ejari contracts. The rent fell from AED 125,000 to AED 95,000 in 2020 and recovered to AED 150,000 by December 2021.
  • At AED 150,000 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 34,000 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 15 February 2023.

Questions about 203, Marina Residences 3

What did unit 203 last sell for?

AED 2,900,000 on 15 February 2023: AED 1,420 per sqft for 2,042 sqft. The unit has 3 registered sales; the first was AED 2,670,000 in May 2011.

What is the rent for unit 203?

AED 150,000 a year on the contract signed on 1 December 2021. The previous contract, from May 2020, was AED 95,000; the unit has been rented since April 2013.

How big is unit 203?

2,042 sqft (189.7 sqm): a two-bedroom apartment on the 2nd floor of a 14-storey tower completed in 2009.

What is unit 203 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.

Selling 203? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 203, Marina Residences 3

Starts from the last sale price (AED 2.9M, 15 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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