3-bed · 2,439 sqftMarina Residences 3, Palm Jumeirah · 5th floor · completed 2009

507, Marina Residences 3

Sold prices and rental history: sold twice, last in May 2013, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 5 January 2015
Last soldAED 2.83M27 May 2013
Current rentAED 198K /yr5 January 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Marina Residences 3

What is 507 worth today?

Last sold for AED 2,825,000 in 2013

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5 Jan 2015RentedNew contract
AED 198,020/yr12 months · AED 81 per sqft
1 Aug 2013RentedNew contract
AED 180,485/yr12 months · AED 74 per sqft
27 May 2013SoldReady
AED 2,825,000AED 1,158 per sqft
3 Nov 2010Sold by developerReady
AED 3,320,000AED 1,361 per sqft

Source: Dubai Land Department. Updated 5 January 2015.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
5th of 14
Parking
CB1-233
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 2.83M · May 2013

About 507, Marina Residences 3

507 is a three-bedroom apartment of 2,439 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 27 May 2013 for AED 2,825,000, or AED 1,158 per sqft, in line with the AED 1,154 three-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 5 January 2015, is AED 198,020 a year: a gross yield of 7.0% on the 2013 price, before the service charge of about AED 40,700 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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, November 2010: AED 3,320,000 (AED 1,361 per sqft)Sold, May 2013: AED 2,825,000 (AED 1,158 per sqft)

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

Rents
Unit 507, 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, August 2013: AED 180,485 a yearNew contract, January 2015: AED 198,020 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 507 sits

All 46 3-beds →

507 last sold in May 2013 at AED 1,158 per sqft, in line with what three-beds in Marina Residences 3 were fetching at the time (AED 1,154). 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. 507's AED 198,020 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 5th floor

All 165 units in Marina Residences 3
Value
5012-bedAED 1.53M · Feb 2020
5022-bedAED 3.2M · Dec 2023
5032-bedAED 2.35M · Aug 2021
5042-bedAED 1.42M · May 2011
5053-bedAED 2.75M · Jan 2012
5063-bedAED 6.07M · Dec 2011
5082-bedAED 3M · Dec 2024
1–7 of 10

507, Marina Residences 3 in numbers

  • Sold twice: first on 3 November 2010 for AED 3,320,000, last on 27 May 2013 for AED 2,825,000 (AED 1,158 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, from AED 180,485 to AED 198,020 a year.
  • At AED 198,020 a year the gross yield on the 2013 price is 7.0%, 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 5 January 2015.

Questions about 507, Marina Residences 3

What did unit 507 last sell for?

AED 2,825,000 on 27 May 2013: AED 1,158 per sqft for 2,439 sqft. The unit has 2 registered sales; the first was AED 3,320,000 in November 2010.

What is the rent for unit 507?

AED 198,020 a year on the contract signed on 5 January 2015. The previous contract, from August 2013, was AED 180,485.

How big is unit 507?

2,439 sqft (226.6 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.

What is unit 507 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 507, Marina Residences 3

Starts from the last sale price (AED 2.83M, 27 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,825,000
Deposit, UAE resident (20%)
AED 565,000
Deposit, non-resident (40%)
AED 1,130,000
Monthly over 25 years at 3.7%
AED 11,558

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