3-bed · 2,440 sqftMarina Residences 3, Palm Jumeirah · 3rd floor · completed 2009

305, Marina Residences 3

Sold prices and rental history: sold once, by the developer in June 2011, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 3.63M6 June 2011
Current rentAED 175K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Marina Residences 3

What is 305 worth today?

Last sold for AED 3,627,000 in 2011

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1 Oct 2024RentedNew contract
AED 174,500/yr36 months · AED 72 per sqft
1 Sep 2023RentedNew contract
AED 218,500/yr24 months · AED 89 per sqft
1 Jan 2021RentedRenewal
AED 218,500/yr36 months · AED 89 per sqft
1 Jan 2019RentedNew contract
AED 218,500/yr24 months · AED 89 per sqft
6 Jun 2011Sold by developerReady
AED 3,627,000AED 1,486 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
3rd of 14
Parking
3-B228, 3-G36, 3-B288
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 3.63M · June 2011

About 305, Marina Residences 3

305 is a three-bedroom apartment of 2,440 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 6 June 2011 for AED 3,627,000, or AED 1,486 per sqft, 12% above the AED 1,328 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 October 2024, is AED 174,500 a year: a gross yield of 4.8% on the 2011 price, before the service charge of about AED 40,700 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical three-bed in Marina Residences 3
2.5M5M7.5M20102014201820222026Typical sale price by year: 2010 AED 3,700,000; 2011 AED 3,746,650; 2012 AED 3,400,000; 2013 AED 3,467,050; 2014 AED 4,350,000; 2015 AED 3,150,000; 2017 AED 3,087,500; 2020 AED 3,125,000; 2021 AED 2,850,000; 2022 AED 3,725,000; 2023 AED 4,165,000; 2024 AED 4,200,000; 2025 AED 8,000,000Sold by developer, June 2011: AED 3,627,000 (AED 1,486 per sqft)

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

Rents
Unit 305, each contractTypical three-bed in Marina Residences 3
200K300K2012201620202024Typical rent by year: 2012 AED 212,500; 2013 AED 200,000; 2014 AED 225,500; 2015 AED 225,000; 2016 AED 210,000; 2017 AED 187,500; 2018 AED 175,000; 2019 AED 167,500; 2020 AED 160,000; 2021 AED 160,000; 2022 AED 173,250; 2023 AED 240,000; 2024 AED 255,000; 2025 AED 360,000; 2026 AED 356,500New contract, January 2019: AED 218,500 a yearRenewal, January 2021: AED 218,500 a yearNew contract, September 2023: AED 218,500 a yearNew contract, October 2024: AED 174,500 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Marina Residences 3, and where 305 sits

All 46 3-beds →

305 last sold in June 2011 at AED 1,486 per sqft, 12% above what three-beds in Marina Residences 3 were fetching at the time (AED 1,328). Over the last 12 months three-beds sold for AED 4,850,000 to 7,300,000, around AED 2,993 per sqft, and rent for AED 212,000 to 520,000 a year. 305's AED 174,500 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
20 Apr 20264,850,000
2 Feb 20267,300,000
10 Nov 20257,300,000
4 Jun 20256,800,000
3 3-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
3042-bedAED 2.1M · Dec 2010
3063-bedAED 5.9M · Sep 2022
3073-bedAED 1.85M · Feb 2021
3082-bedAED 2.5M · Jun 2015
1–7 of 10

305, Marina Residences 3 in numbers

  • Sold once: by The Palm - Jumeirah Co on 6 June 2011 for AED 3,627,000, or AED 1,486 per sqft.
  • Rented since January 2019 on 4 Ejari contracts, from AED 218,500 to AED 174,500 a year.
  • At AED 174,500 a year the gross yield on the 2011 price is 4.8%, before a service charge of about AED 40,700 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 3 sold for AED 4,850,000–7,300,000 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 October 2024.

Questions about 305, Marina Residences 3

What did unit 305 last sell for?

AED 3,627,000 on 6 June 2011, sold by the developer: AED 1,486 per sqft for 2,440 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 174,500 a year on the contract signed on 1 October 2024. The previous contract, from September 2023, was AED 218,500; the unit has been rented since January 2019.

How big is unit 305?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Residences 3 sold for AED 4,850,000 to 7,300,000 in the last 12 months, around AED 2,993 per sqft.

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Mortgage on 305, Marina Residences 3

Starts from the last sale price (AED 3.63M, 6 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,627,000
Deposit, UAE resident (20%)
AED 725,400
Deposit, non-resident (40%)
AED 1,450,800
Monthly over 25 years at 3.7%
AED 14,839

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