2-bed · 1,858 sqftMarina Residences 3, Palm Jumeirah · 3rd floor · completed 2009

304, Marina Residences 3

Sold prices and rental history: sold once, by the developer in December 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 22 June 2024
Last soldAED 2.1M7 December 2010
Current rentAED 165K /yr22 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Marina Residences 3

What is 304 worth today?

Last sold for AED 2,096,400 in 2010

Unlock today's estimate, updated daily, with

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

22 Jun 2024RentedNew contract
AED 165,000/yr12 months · AED 89 per sqft
22 Jun 2024RentedNew contract
AED 165,000/yr12 months · AED 89 per sqft
22 Jun 2022RentedNew contract
AED 150,000/yr12 months · AED 81 per sqft
1 Jun 2021RentedNew contract
AED 120,000/yr12 months · AED 65 per sqft
3 May 2020RentedNew contract
AED 120,000/yr12 months · AED 65 per sqft
11 Apr 2019RentedNew contract
AED 125,000/yr12 months · AED 67 per sqft
1 Feb 2018RentedNew contract
AED 155,000/yr12 months · AED 83 per sqft
1 Feb 2017RentedNew contract
AED 157,500/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 22 June 2024.

Key facts

Type
2-bed apartment
Size
1,858 sqft
Floor
3rd of 14
Parking
CB1-209
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 31,000 /yr
Last sold
AED 2.1M · December 2010

About 304, Marina Residences 3

304 is a two-bedroom apartment of 1,858 sqft on the 3rd floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 7 December 2010 for AED 2,096,400, or AED 1,128 per sqft, 16% below the AED 1,349 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 22 June 2024, is AED 165,000 a year: a gross yield of 7.9% on the 2010 price, before the service charge of about AED 31,000 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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, December 2010: AED 2,096,400 (AED 1,128 per sqft)

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

Rents
Unit 304, 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, December 2014: AED 160,000 a yearNew contract, March 2016: AED 150,000 a yearNew contract, February 2017: AED 157,500 a yearNew contract, February 2018: AED 155,000 a yearNew contract, April 2019: AED 125,000 a yearNew contract, May 2020: AED 120,000 a yearNew contract, June 2021: AED 120,000 a yearNew contract, June 2022: AED 150,000 a yearNew contract, June 2024: AED 165,000 a yearNew contract, June 2024: AED 165,000 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 304 sits

All 114 2-beds →

304 last sold in December 2010 at AED 1,128 per sqft, 16% below what two-beds in Marina Residences 3 were fetching at the time (AED 1,349). 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. 304's AED 165,000 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
3022-bedAED 3.8M · Nov 2024
3032-bedAED 2.02M · May 2023
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

304, Marina Residences 3 in numbers

  • Sold once: by The Palm - Jumeirah Co on 7 December 2010 for AED 2,096,400, or AED 1,128 per sqft.
  • Rented since December 2014 on 10 Ejari contracts. The rent fell from AED 160,000 to AED 120,000 in 2021 and recovered to AED 165,000 by June 2024.
  • At AED 165,000 a year the gross yield on the 2010 price is 7.9%, before a service charge of about AED 31,000 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 22 June 2024.

Questions about 304, Marina Residences 3

What did unit 304 last sell for?

AED 2,096,400 on 7 December 2010, sold by the developer: AED 1,128 per sqft for 1,858 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 165,000 a year on the contract signed on 22 June 2024. The previous contract, from June 2024, was AED 165,000; the unit has been rented since December 2014.

How big is unit 304?

1,858 sqft (172.6 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 304 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 304? 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 304, Marina Residences 3

Starts from the last sale price (AED 2.1M, 7 December 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,096,400
Deposit, UAE resident (20%)
AED 419,280
Deposit, non-resident (40%)
AED 838,560
Monthly over 25 years at 3.7%
AED 8,577

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