3-bed · 2,439 sqftMarina Residences 3, Palm Jumeirah · 7th floor · completed 2009

705, Marina Residences 3

Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 26 April 2022
Last soldAED 3.4M26 April 2022
Current rentAED 150K /yr29 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Marina Residences 3

What is 705 worth today?

Last sold for AED 3,400,000 in 2022

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26 Apr 2022SoldReady
AED 3,400,000AED 1,394 per sqft
29 Apr 2021RentedRenewal
AED 150,000/yr12 months · AED 61 per sqft
29 Apr 2020RentedRenewal
AED 150,000/yr12 months · AED 61 per sqft
29 Apr 2019RentedNew contract
AED 155,000/yr12 months · AED 63 per sqft
27 Apr 2018RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
12 May 2017RentedRenewal
AED 195,000/yr12 months · AED 80 per sqft
12 May 2016RentedNew contract
AED 195,000/yr12 months · AED 80 per sqft
9 Apr 2015RentedNew contract
AED 216,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 26 April 2022.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
7th of 14
Parking
CB1-241
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 3.4M · April 2022

About 705, Marina Residences 3

705 is a three-bedroom apartment of 2,439 sqft on the 7th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 26 April 2022 for AED 3,400,000, or AED 1,394 per sqft.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 29 April 2021, is AED 150,000 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 40,700 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, April 2011: AED 3,866,300 (AED 1,585 per sqft)Sold, April 2022: AED 3,400,000 (AED 1,394 per sqft)

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

Rents
Unit 705, 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, April 2014: AED 200,000 a yearNew contract, April 2015: AED 216,000 a yearNew contract, May 2016: AED 195,000 a yearRenewal, May 2017: AED 195,000 a yearNew contract, April 2018: AED 175,000 a yearNew contract, April 2019: AED 155,000 a yearRenewal, April 2020: AED 150,000 a yearRenewal, April 2021: AED 150,000 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 705 sits

All 46 3-beds →

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. 705's AED 150,000 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 7th floor

All 165 units in Marina Residences 3
Value
7012-bedAED 2.35M · Aug 2022
7022-bedAED 2.13M · Oct 2012
7032-bedAED 3.17M · Nov 2010
7042-bedAED 3.04M · Sep 2010
7063-bedAED 4.85M · Dec 2012
7073-bedAED 3.2M · Feb 2023
7082-bedAED 1.85M · Feb 2022
1–7 of 10

705, Marina Residences 3 in numbers

  • Sold twice: first on 24 April 2011 for AED 3,866,300, last on 26 April 2022 for AED 3,400,000 (AED 1,394 per sqft).
  • Rented since April 2014 on 8 Ejari contracts, from AED 200,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2022 price is 4.4%, 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 26 April 2022.

Questions about 705, Marina Residences 3

What did unit 705 last sell for?

AED 3,400,000 on 26 April 2022: AED 1,394 per sqft for 2,439 sqft. The unit has 2 registered sales; the first was AED 3,866,300 in April 2011.

What is the rent for unit 705?

AED 150,000 a year on the contract renewed on 29 April 2021. The previous contract, from April 2020, was AED 150,000; the unit has been rented since April 2014.

How big is unit 705?

2,439 sqft (226.6 sqm): a three-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.

What is unit 705 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 705, Marina Residences 3

Starts from the last sale price (AED 3.4M, 26 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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