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

707, Marina Residences 3

Sold prices and rental history: sold 3 times, last in February 2023, and rented once, from November 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 6 February 2023
Last soldAED 3.2M6 February 2023
Current rentAED 180K /yr20 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 707, Marina Residences 3

What is 707 worth today?

Last sold for AED 3,200,000 in 2023

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6 Feb 2023SoldReady
AED 3,200,000AED 1,312 per sqft
20 Nov 2017RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
3 Apr 2017SoldReady
AED 2,700,000AED 1,107 per sqft
6 Oct 2010Sold by developerReady
AED 3,380,000AED 1,385 per sqft

Source: Dubai Land Department. Updated 6 February 2023.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
7th of 14
Parking
3-B244
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 3.2M · February 2023

About 707, Marina Residences 3

707 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 6 February 2023 for AED 3,200,000, or AED 1,312 per sqft, 6% below the AED 1,394 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 November 2017. The current contract, signed on 20 November 2017, is AED 180,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 40,700 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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, October 2010: AED 3,380,000 (AED 1,385 per sqft)Sold, April 2017: AED 2,700,000 (AED 1,107 per sqft)Sold, February 2023: AED 3,200,000 (AED 1,312 per sqft)

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

Rents
Unit 707, 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, November 2017: AED 180,000 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 707 sits

All 46 3-beds →

707 last sold in February 2023 at AED 1,312 per sqft, 6% below what three-beds in Marina Residences 3 were fetching at the time (AED 1,394). 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. 707's AED 180,000 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
7053-bedAED 3.4M · Apr 2022
7063-bedAED 4.85M · Dec 2012
7082-bedAED 1.85M · Feb 2022
1–7 of 10

707, Marina Residences 3 in numbers

  • Sold 3 times: first on 6 October 2010 for AED 3,380,000, last on 6 February 2023 for AED 3,200,000 (AED 1,312 per sqft).
  • Rented since November 2017 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2023 price is 5.6%, 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 6 February 2023.

Questions about 707, Marina Residences 3

What did unit 707 last sell for?

AED 3,200,000 on 6 February 2023: AED 1,312 per sqft for 2,439 sqft. The unit has 3 registered sales; the first was AED 3,380,000 in October 2010.

What is the rent for unit 707?

AED 180,000 a year on the contract signed on 20 November 2017.

How big is unit 707?

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 707 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 707, Marina Residences 3

Starts from the last sale price (AED 3.2M, 6 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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