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

310, Marina Residences 3

Sold prices and rental history: sold twice, last in October 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 310 · DLD and Ejari recordsUpdated 28 October 2021
Last soldAED 1.93M28 October 2021
Current rentAED 98K /yr11 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 310, Marina Residences 3

What is 310 worth today?

Last sold for AED 1,930,000 in 2021

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28 Oct 2021SoldReady
AED 1,930,000AED 945 per sqft
11 Jul 2020RentedRenewal
AED 98,000/yr12 months · AED 48 per sqft
11 Jul 2019RentedRenewal
AED 120,000/yr12 months · AED 59 per sqft
11 Jul 2018RentedRenewal
AED 130,000/yr12 months · AED 64 per sqft
11 Jul 2017RentedNew contract
AED 130,000/yr12 months · AED 64 per sqft
9 Feb 2016RentedRenewal
AED 169,496/yr12 months · AED 83 per sqft
9 Feb 2015RentedNew contract
AED 170,000/yr12 months · AED 83 per sqft
16 Sep 2010Sold by developerReady
AED 2,590,000AED 1,269 per sqft

Source: Dubai Land Department. Updated 28 October 2021.

Key facts

Type
2-bed apartment
Size
2,041 sqft
Floor
3rd of 14
Parking
CB1-291
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 34,000 /yr
Last sold
AED 1.93M · October 2021

About 310, Marina Residences 3

310 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 28 October 2021 for AED 1,930,000, or AED 945 per sqft, 9% below the AED 1,037 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 11 July 2020, is AED 98,000 a year: a gross yield of 5.1% on the 2021 price, before the service charge of about AED 34,000 a year.

Sales and rents for 310 over time

Sales
Unit 310, 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, September 2010: AED 2,590,000 (AED 1,269 per sqft)Sold, October 2021: AED 1,930,000 (AED 945 per sqft)

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

Rents
Unit 310, 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 170,000 a yearRenewal, February 2016: AED 169,496 a yearNew contract, July 2017: AED 130,000 a yearRenewal, July 2018: AED 130,000 a yearRenewal, July 2019: AED 120,000 a yearRenewal, July 2020: AED 98,000 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 310 sits

All 114 2-beds →

310 last sold in October 2021 at AED 945 per sqft, 9% below what two-beds in Marina Residences 3 were fetching at the time (AED 1,037). 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. 310's AED 98,000 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
3042-bedAED 2.1M · Dec 2010
3053-bedAED 3.63M · Jun 2011
3063-bedAED 5.9M · Sep 2022
3073-bedAED 1.85M · Feb 2021
1–7 of 10

310, Marina Residences 3 in numbers

  • Sold twice: first on 16 September 2010 for AED 2,590,000, last on 28 October 2021 for AED 1,930,000 (AED 945 per sqft).
  • Rented since February 2015 on 6 Ejari contracts, from AED 170,000 to AED 98,000 a year.
  • At AED 98,000 a year the gross yield on the 2021 price is 5.1%, 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 28 October 2021.

Questions about 310, Marina Residences 3

What did unit 310 last sell for?

AED 1,930,000 on 28 October 2021: AED 945 per sqft for 2,041 sqft. The unit has 2 registered sales; the first was AED 2,590,000 in September 2010.

What is the rent for unit 310?

AED 98,000 a year on the contract renewed on 11 July 2020. The previous contract, from July 2019, was AED 120,000; the unit has been rented since February 2015.

How big is unit 310?

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 310 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 310, Marina Residences 3

Starts from the last sale price (AED 1.93M, 28 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,930,000
Deposit, UAE resident (20%)
AED 386,000
Deposit, non-resident (40%)
AED 772,000
Monthly over 25 years at 3.7%
AED 7,896

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