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2-bed · 1,735 sqftMarina Residences 3, Palm Jumeirah · 5th floor · completed 2009

502, Marina Residences 3

Sold prices and rental history: sold twice, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 21 December 2023
Last soldAED 3.2M21 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Marina Residences 3

What is 502 worth today?

Last sold for AED 3,200,000 in 2023

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21 Dec 2023SoldReady
AED 3,200,000AED 1,844 per sqft
7 Aug 2019Sold by developerReady
AED 1,748,000AED 1,007 per sqft

Source: Dubai Land Department. Updated 21 December 2023.

Key facts

Type
2-bed apartment
Size
1,735 sqft
Floor
5th of 14
Parking
3-LG244
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 28,900 /yr
Last sold
AED 3.2M · December 2023
Building
Marina Residences 3

About 502, Marina Residences 3

502 is a two-bedroom apartment of 1,735 sqft on the 5th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 21 December 2023 for AED 3,200,000, or AED 1,844 per sqft, 33% above the AED 1,383 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, 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, August 2019: AED 1,748,000 (AED 1,007 per sqft)Sold, December 2023: AED 3,200,000 (AED 1,844 per sqft)

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

Rents
Unit 502, 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 190,000

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 502 sits

All 114 2-beds →

502 last sold in December 2023 at AED 1,844 per sqft, 33% above what two-beds in Marina Residences 3 were fetching at the time (AED 1,383). 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.

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 5th floor

All 165 units in Marina Residences 3
Value
5012-bedAED 1.53M · Feb 2020
5032-bedAED 2.35M · Aug 2021
5042-bedAED 1.42M · May 2011
5053-bedAED 2.75M · Jan 2012
5063-bedAED 6.07M · Dec 2011
5073-bedAED 2.83M · May 2013
5082-bedAED 3M · Dec 2024
1–7 of 10

502, Marina Residences 3 in numbers

  • Sold twice: first on 7 August 2019 for AED 1,748,000, last on 21 December 2023 for AED 3,200,000 (AED 1,844 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 21 December 2023.

Questions about 502, Marina Residences 3

What did unit 502 last sell for?

AED 3,200,000 on 21 December 2023: AED 1,844 per sqft for 1,735 sqft. The unit has 2 registered sales; the first was AED 1,748,000 in August 2019.

How big is unit 502?

1,735 sqft (161.2 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.

What is unit 502 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 502, Marina Residences 3

Starts from the last sale price (AED 3.2M, 21 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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