2-bed · 2,041 sqftMarina Residences 3, Palm Jumeirah · 3rd floor · completed 2009

302, Marina Residences 3

Sold prices and rental history: sold 4 times, last in November 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 27 November 2024
Last soldAED 3.8M27 November 2024
Current rentAED 126K /yr15 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Marina Residences 3

What is 302 worth today?

Last sold for AED 3,800,000 in 2024

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27 Nov 2024SoldReady
AED 3,800,000AED 1,862 per sqft
15 Mar 2023RentedRenewal
AED 126,000/yr12 months · AED 62 per sqft
15 Mar 2022RentedRenewal
AED 120,000/yr12 months · AED 59 per sqft
15 Mar 2021RentedRenewal
AED 120,000/yr12 months · AED 59 per sqft
15 Mar 2020RentedNew contract
AED 120,000/yr12 months · AED 59 per sqft
15 Jan 2020SoldReady
AED 1,875,000AED 918 per sqft
11 Jun 2013SoldReady
AED 2,950,000AED 1,445 per sqft
2 Jan 2011Sold by developerReady
AED 2,783,100AED 1,363 per sqft

Source: Dubai Land Department. Updated 27 November 2024.

Key facts

Type
2-bed apartment
Size
2,041 sqft
Floor
3rd of 14
Parking
3-B213
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 34,000 /yr
Last sold
AED 3.8M · November 2024

About 302, Marina Residences 3

302 is a two-bedroom apartment of 2,041 sqft on the 3rd floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 27 November 2024 for AED 3,800,000, or AED 1,862 per sqft, 13% above the AED 1,642 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 15 March 2023, is AED 126,000 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 34,000 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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 2011: AED 2,783,100 (AED 1,363 per sqft)Sold, June 2013: AED 2,950,000 (AED 1,445 per sqft)Sold, January 2020: AED 1,875,000 (AED 918 per sqft)Sold, November 2024: AED 3,800,000 (AED 1,862 per sqft)

302 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 302, 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, March 2020: AED 120,000 a yearRenewal, March 2021: AED 120,000 a yearRenewal, March 2022: AED 120,000 a yearRenewal, March 2023: AED 126,000 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 302 sits

All 114 2-beds →

302 last sold in November 2024 at AED 1,862 per sqft, 13% above what two-beds in Marina Residences 3 were fetching at the time (AED 1,642). 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. 302's AED 126,000 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 3rd floor

All 165 units in Marina Residences 3
Value
3012-bedAED 2.65M · Sep 2023
3032-bedAED 2.02M · May 2023
3042-bedAED 2.1M · Dec 2010
3053-bedAED 3.63M · Jun 2011
3063-bedAED 5.9M · Sep 2022
3073-bedAED 1.85M · Feb 2021
3082-bedAED 2.5M · Jun 2015
1–7 of 10

302, Marina Residences 3 in numbers

  • Sold 4 times: first on 2 January 2011 for AED 2,783,100, last on 27 November 2024 for AED 3,800,000 (AED 1,862 per sqft).
  • Rented since March 2020 on 4 Ejari contracts, from AED 120,000 to AED 126,000 a year.
  • At AED 126,000 a year the gross yield on the 2024 price is 3.3%, 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 27 November 2024.

Questions about 302, Marina Residences 3

What did unit 302 last sell for?

AED 3,800,000 on 27 November 2024: AED 1,862 per sqft for 2,041 sqft. The unit has 4 registered sales; the first was AED 2,783,100 in January 2011.

What is the rent for unit 302?

AED 126,000 a year on the contract renewed on 15 March 2023. The previous contract, from March 2022, was AED 120,000; the unit has been rented since March 2020.

How big is unit 302?

2,041 sqft (189.6 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 302 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 302, Marina Residences 3

Starts from the last sale price (AED 3.8M, 27 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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