408, Marina Residences 3
Sold prices and rental history: sold twice, last in April 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Marina Residences 3
What is 408 worth today?
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Source: Dubai Land Department. Updated 22 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,867 sqft
- Floor
- 4th of 14
- Parking
- CLG-232
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 31,100 /yr
- Last sold
- AED 1.95M · April 2012
- Building
- Marina Residences 3
About 408, Marina Residences 3
408 is a two-bedroom apartment of 1,867 sqft on the 4th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 11 April 2012 for AED 1,950,000, or AED 1,044 per sqft, 20% below the AED 1,307 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, renewed on 22 December 2023, is AED 136,879 a year: a gross yield of 7.0% on the 2012 price, before the service charge of about AED 31,100 a year.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the two-bed median of each year in the building.
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 408 sits
All 114 2-beds →408 last sold in April 2012 at AED 1,044 per sqft, 20% below what two-beds in Marina Residences 3 were fetching at the time (AED 1,307). 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. 408's AED 136,879 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 1,975 sqft | 3,300,000 | 1,670 | ||
| 21 Aug 202621 August 2026 | 2,044 sqft | 3,330,000 | 1,629 | ||
| 4 Aug 20264 August 2026 | 1,735 sqft | 3,850,000 | 2,219 | ||
| 29 Jul 202629 July 2026 | 1,778 sqft | 4,100,000 | 2,305 |
Marina Residences 3
Building165 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%
Other units on the 4th floor
All 165 units in Marina Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,936 sqft | AED 3.48MAED 3,475,000 · Aug 2025August 2025 | 90,000 /yr | |
| 402 | 2-bed | 1,734 sqft | AED 2.98MAED 2,982,100 · Jun 2013June 2013 | 215,000 /yr | |
| 403 | 2-bed | 1,928 sqft | AED 3.75MAED 3,750,000 · Nov 2024November 2024 | 132,825 /yr | |
| 404 | 2-bed | 1,867 sqft | AED 2.76MAED 2,760,000 · Sep 2011September 2011 | 190,000 /yr | |
| 405 | 3-bed | 2,440 sqft | AED 4.95MAED 4,950,000 · Aug 2024August 2024 | 130,000 /yr | |
| 406 | 3-bed | 4,053 sqft | AED 9.5MAED 9,500,000 · Mar 2025March 2025 | ||
| 407 | 3-bed | 2,440 sqft | AED 3.54MAED 3,543,000 · Jun 2011June 2011 | 265,650 /yr | |
| 409 | 2-bed | 1,928 sqft | AED 2.75MAED 2,747,000 · Mar 2010March 2010 | 144,320 /yr | |
| 410 | 2-bed | 1,734 sqft | AED 1.5MAED 1,500,000 · Jul 2012July 2012 | 160,000 /yr | |
| 411 | 2-bed | 1,936 sqft | AED 1.22MAED 1,224,500 · Aug 2011August 2011 | 175,000 /yr |
408, Marina Residences 3 in numbers
- Sold twice: first on 21 February 2010 for AED 2,792,000, last on 11 April 2012 for AED 1,950,000 (AED 1,044 per sqft).
- Rented since July 2012 on 12 Ejari contracts. The rent fell from AED 140,000 to AED 90,000 in 2020 and recovered to AED 136,879 by December 2023.
- At AED 136,879 a year the gross yield on the 2012 price is 7.0%, before a service charge of about AED 31,100 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 December 2023.
Questions about 408, Marina Residences 3
What did unit 408 last sell for?
AED 1,950,000 on 11 April 2012: AED 1,044 per sqft for 1,867 sqft. The unit has 2 registered sales; the first was AED 2,792,000 in February 2010.
What is the rent for unit 408?
AED 136,879 a year on the contract renewed on 22 December 2023. The previous contract, from December 2022, was AED 119,025; the unit has been rented since July 2012.
How big is unit 408?
1,867 sqft (173.5 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower completed in 2009.
What is unit 408 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 408, Marina Residences 3
Starts from the last sale price (AED 1.95M, 11 April 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,950,000
- Deposit, UAE resident (20%)
- AED 390,000
- Deposit, non-resident (40%)
- AED 780,000
- Monthly over 25 years at 3.7%
- AED 7,978
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →