2-bed · 1,746 sqftMarina Residences 3, Palm Jumeirah · 6th floor · completed 2009

604, Marina Residences 3

Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 1 February 2021
Last soldAED 2.88M23 December 2012
Current rentAED 115K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, Marina Residences 3

What is 604 worth today?

Last sold for AED 2,879,000 in 2012

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1 Feb 2021RentedNew contract
AED 115,000/yr12 months · AED 66 per sqft
24 Oct 2019RentedNew contract
AED 120,000/yr12 months · AED 69 per sqft
20 Sep 2018RentedNew contract
AED 145,000/yr12 months · AED 83 per sqft
1 Oct 2014RentedNew contract
AED 80,000/yr12 months · AED 46 per sqft
23 Dec 2012Sold by developerReady
AED 2,879,000AED 1,649 per sqft
1 Oct 2012RentedNew contract
AED 80,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 1 February 2021.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
6th of 14
Parking
CLG-268
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 2.88M · December 2012

About 604, Marina Residences 3

604 is a two-bedroom apartment of 1,746 sqft on the 6th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 23 December 2012 for AED 2,879,000, or AED 1,649 per sqft, 36% above the AED 1,209 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 1 February 2021, is AED 115,000 a year: a gross yield of 4.0% on the 2012 price, before the service charge of about AED 29,100 a year.

Sales and rents for 604 over time

Sales
Unit 604, 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, December 2012: AED 2,879,000 (AED 1,649 per sqft)

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

Rents
Unit 604, 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, October 2012: AED 80,000 a yearNew contract, October 2014: AED 80,000 a yearNew contract, September 2018: AED 145,000 a yearNew contract, October 2019: AED 120,000 a yearNew contract, February 2021: AED 115,000 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 604 sits

All 114 2-beds →

604 last sold in December 2012 at AED 1,649 per sqft, 36% above what two-beds in Marina Residences 3 were fetching at the time (AED 1,209). 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. 604's AED 115,000 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 6th floor

All 165 units in Marina Residences 3
Value
6012-bedAED 2.54M · Aug 2011
6022-bedAED 3.5M · Oct 2024
6032-bedAED 3.38M · Feb 2024
6053-bedAED 7.3M · Nov 2025
6063-bedAED 3.8M · Apr 2021
6073-bedAED 4.2M · Oct 2024
6082-bedAED 2.75M · Jul 2024
1–7 of 10

604, Marina Residences 3 in numbers

  • Sold once: by The Palm - Jumeirah Co on 23 December 2012 for AED 2,879,000, or AED 1,649 per sqft.
  • Rented since October 2012 on 5 Ejari contracts, from AED 80,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2012 price is 4.0%, before a service charge of about AED 29,100 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 1 February 2021.

Questions about 604, Marina Residences 3

What did unit 604 last sell for?

AED 2,879,000 on 23 December 2012, sold by the developer: AED 1,649 per sqft for 1,746 sqft. It is the only registered sale of the unit.

What is the rent for unit 604?

AED 115,000 a year on the contract signed on 1 February 2021. The previous contract, from October 2019, was AED 120,000; the unit has been rented since October 2012.

How big is unit 604?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2009.

What is unit 604 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 604, Marina Residences 3

Starts from the last sale price (AED 2.88M, 23 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,879,000
Deposit, UAE resident (20%)
AED 575,800
Deposit, non-resident (40%)
AED 1,151,600
Monthly over 25 years at 3.7%
AED 11,779

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