LG02, Marina Residences 3
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for LG02, Marina Residences 3
What is LG02 worth today?
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Source: Dubai Land Department. Updated 20 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 4,768 sqft
- Floor
- -1th of 14
- Parking
- CLG-240
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 79,500 /yr
- Last sold
- AED 5.76M · April 2011
- Building
- Marina Residences 3
About LG02, Marina Residences 3
LG02 is a three-bedroom apartment of 4,768 sqft on the -1th 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 11 April 2011 for AED 5,759,000, or AED 1,207 per sqft, in line with the AED 1,207 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 20 February 2025, is AED 360,000 a year: a gross yield of 6.3% on the 2011 price, before the service charge of about AED 79,500 a year.
Sales and rents for LG02 over time
LG02 has sold once; the dashed line is the three-bed median of each year in the building.
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 LG02 sits
All 46 3-beds →LG02 last sold in April 2011 at AED 1,207 per sqft, in line with what three-beds in Marina Residences 3 were fetching at the time (AED 1,207). 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. LG02's AED 360,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Apr 202620 April 2026 | 2,438 sqft | 4,850,000 | 1,989 | ||
| 2 Feb 20262 February 2026 | 2,439 sqft | 7,300,000 | 2,993 | ||
| 10 Nov 202510 November 2025 | 2,439 sqft | 7,300,000 | 2,993 | ||
| 4 Jun 20254 June 2025 | 2,751 sqft | 6,800,000 | 2,471 |
Marina Residences 3
Building165 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%
Other units on the -1th floor
All 165 units in Marina Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| LG01 | 3-bed | 2,751 sqft | AED 6.8MAED 6,800,000 · Jun 2025June 2025 | 173,250 /yr | |
| LG03 | 3-bed | 2,751 sqft | AED 2.2MAED 2,200,000 · Oct 2012October 2012 | 85,000 /yr | |
| LG04 | 2-bed | 2,047 sqft | AED 2.83MAED 2,825,000 · May 2024May 2024 | 189,000 /yr | |
| LG06 | 2-bed | 2,048 sqft | AED 1.91MAED 1,911,600 · Feb 2013February 2013 | 165,000 /yr | |
| LG07 | 2-bed | 1,947 sqft | AED 1.93MAED 1,934,300 · Feb 2013February 2013 | 155,000 /yr | |
| TH01 | 2-bed | 4,045 sqft | AED 5.5MAED 5,500,000 · Jan 2024January 2024 | 195,000 /yr | |
| TH03 | 3-bed | 4,090 sqft | AED 5.16MAED 5,163,900 · Jul 2015July 2015 | 460,000 /yr | |
| TH04 | 2-bed | 3,996 sqft | AED 5.8MAED 5,800,000 · Apr 2024April 2024 |
LG02, Marina Residences 3 in numbers
- Sold once: by The Palm - Jumeirah Co on 11 April 2011 for AED 5,759,000, or AED 1,207 per sqft.
- Rented since September 2014 on 4 Ejari contracts. The rent fell from AED 225,000 to AED 200,000 in 2020 and recovered to AED 360,000 by February 2025.
- At AED 360,000 a year the gross yield on the 2011 price is 6.3%, before a service charge of about AED 79,500 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 20 February 2025.
Questions about LG02, Marina Residences 3
What did unit LG02 last sell for?
AED 5,759,000 on 11 April 2011, sold by the developer: AED 1,207 per sqft for 4,768 sqft. It is the only registered sale of the unit.
What is the rent for unit LG02?
AED 360,000 a year on the contract signed on 20 February 2025. The previous contract, from February 2025, was AED 360,000; the unit has been rented since September 2014.
How big is unit LG02?
4,768 sqft (443.0 sqm): a three-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.
What is unit LG02 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 LG02, Marina Residences 3
Starts from the last sale price (AED 5.76M, 11 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 5,759,000
- Deposit, UAE resident (20%)
- AED 1,151,800
- Deposit, non-resident (40%)
- AED 2,303,600
- Monthly over 25 years at 3.7%
- AED 23,562
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →