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

503, Marina Residences 3

Sold prices and rental history: sold 3 times, last in August 2021, and rented once, from April 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 4 August 2021
Last soldAED 2.35M4 August 2021
Current rentAED 140K /yr22 April 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Marina Residences 3

What is 503 worth today?

Last sold for AED 2,350,000 in 2021

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4 Aug 2021SoldReady
AED 2,350,000AED 1,354 per sqft
24 Sep 2017SoldReady
AED 2,400,000AED 1,383 per sqft
22 Apr 2013RentedNew contract
AED 139,612/yr12 months · AED 81 per sqft
25 Nov 2010Sold by developerReady
AED 2,791,000AED 1,608 per sqft

Source: Dubai Land Department. Updated 4 August 2021.

Key facts

Type
2-bed apartment
Size
1,735 sqft
Floor
5th of 14
Parking
CLG-247
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 28,900 /yr
Last sold
AED 2.35M · August 2021

About 503, Marina Residences 3

503 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 4 August 2021 for AED 2,350,000, or AED 1,354 per sqft, 31% above the AED 1,037 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 22 April 2013. The current contract, signed on 22 April 2013, is AED 139,612 a year: a gross yield of 5.9% on the 2021 price, before the service charge of about AED 28,900 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, November 2010: AED 2,791,000 (AED 1,608 per sqft)Sold, September 2017: AED 2,400,000 (AED 1,383 per sqft)Sold, August 2021: AED 2,350,000 (AED 1,354 per sqft)

503 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 503, 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, April 2013: AED 139,612 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 503 sits

All 114 2-beds →

503 last sold in August 2021 at AED 1,354 per sqft, 31% above 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. 503's AED 139,612 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 5th floor

All 165 units in Marina Residences 3
Value
5012-bedAED 1.53M · Feb 2020
5022-bedAED 3.2M · Dec 2023
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

503, Marina Residences 3 in numbers

  • Sold 3 times: first on 25 November 2010 for AED 2,791,000, last on 4 August 2021 for AED 2,350,000 (AED 1,354 per sqft).
  • Rented since April 2013 on one Ejari contract, at AED 139,612 a year.
  • At AED 139,612 a year the gross yield on the 2021 price is 5.9%, before a service charge of about AED 28,900 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 4 August 2021.

Questions about 503, Marina Residences 3

What did unit 503 last sell for?

AED 2,350,000 on 4 August 2021: AED 1,354 per sqft for 1,735 sqft. The unit has 3 registered sales; the first was AED 2,791,000 in November 2010.

What is the rent for unit 503?

AED 139,612 a year on the contract signed on 22 April 2013.

How big is unit 503?

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 503 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 503, Marina Residences 3

Starts from the last sale price (AED 2.35M, 4 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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