3-bed · 4,054 sqftMarina Residences 3, Palm Jumeirah · 7th floor · completed 2009

706, Marina Residences 3

Sold prices and rental history: sold twice, last in December 2012, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 1 September 2017
Last soldAED 4.85M13 December 2012
Current rentAED 250K /yr1 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Marina Residences 3

What is 706 worth today?

Last sold for AED 4,850,000 in 2012

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1 Sep 2017RentedNew contract
AED 250,000/yr12 months · AED 62 per sqft
1 Aug 2013RentedNew contract
AED 200,000/yr12 months · AED 49 per sqft
13 Dec 2012SoldReady
AED 4,850,000AED 1,196 per sqft
8 Nov 2012Sold by developerReady
AED 4,680,000AED 1,154 per sqft

Source: Dubai Land Department. Updated 1 September 2017.

Key facts

Type
3-bed apartment
Size
4,054 sqft
Floor
7th of 14
Parking
CLG-263, CLG-264
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 4.85M · December 2012

About 706, Marina Residences 3

706 is a three-bedroom apartment of 4,054 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 13 December 2012 for AED 4,850,000, or AED 1,196 per sqft, 11% above the AED 1,075 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 1 September 2017, is AED 250,000 a year: a gross yield of 5.1% on the 2012 price, before the service charge of about AED 67,600 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 2012: AED 4,680,000 (AED 1,154 per sqft)Sold, December 2012: AED 4,850,000 (AED 1,196 per sqft)

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

Rents
Unit 706, 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 200,000 a yearNew contract, September 2017: AED 250,000 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 706 sits

All 46 3-beds →

706 last sold in December 2012 at AED 1,196 per sqft, 11% above what three-beds in Marina Residences 3 were fetching at the time (AED 1,075). 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. 706's AED 250,000 is in the lower half 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
7053-bedAED 3.4M · Apr 2022
7073-bedAED 3.2M · Feb 2023
7082-bedAED 1.85M · Feb 2022
1–7 of 10

706, Marina Residences 3 in numbers

  • Sold twice: first on 8 November 2012 for AED 4,680,000, last on 13 December 2012 for AED 4,850,000 (AED 1,196 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, from AED 200,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2012 price is 5.1%, before a service charge of about AED 67,600 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 1 September 2017.

Questions about 706, Marina Residences 3

What did unit 706 last sell for?

AED 4,850,000 on 13 December 2012: AED 1,196 per sqft for 4,054 sqft. The unit has 2 registered sales; the first was AED 4,680,000 in November 2012.

What is the rent for unit 706?

AED 250,000 a year on the contract signed on 1 September 2017. The previous contract, from August 2013, was AED 200,000.

How big is unit 706?

4,054 sqft (376.6 sqm): a three-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.

What is unit 706 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 706, Marina Residences 3

Starts from the last sale price (AED 4.85M, 13 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 4,850,000
Deposit, UAE resident (20%)
AED 970,000
Deposit, non-resident (40%)
AED 1,940,000
Monthly over 25 years at 3.7%
AED 19,843

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