3-bed · 2,440 sqftMarina Residences 4, Palm Jumeirah · 4th floor · completed 2009

407, Marina Residences 4

Sold prices and rental history: sold 6 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 18 March 2024
Last soldAED 4.9M18 March 2024
Current rentAED 125K /yr20 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Marina Residences 4

What is 407 worth today?

Last sold for AED 4,900,000 in 2024

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18 Mar 2024SoldReady
AED 4,900,000AED 2,008 per sqft
10 Nov 2021SoldReady
AED 3,250,000AED 1,332 per sqft
20 Dec 2020RentedNew contract
AED 125,000/yr12 months · AED 51 per sqft
20 Jul 2020RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
1 Jul 2019RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
1 Jul 2018RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
1 Jul 2017RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
15 Aug 2015RentedNew contract
AED 215,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 18 March 2024.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
4th of 14
Parking
4-B91
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 4.9M · March 2024

About 407, Marina Residences 4

407 is a three-bedroom apartment of 2,440 sqft on the 4th floor of Marina Residences 4, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 18 March 2024 for AED 4,900,000, or AED 2,008 per sqft, 14% above the AED 1,763 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 20 December 2020, is AED 125,000 a year: a gross yield of 2.5% on the 2024 price, before the service charge of about AED 40,700 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical three-bed in Marina Residences 4
010M2010201520202025Typical sale price by year: 2010 AED 4,068,000; 2011 AED 3,895,000; 2012 AED 2,825,000; 2013 AED 3,350,000; 2014 AED 3,720,000; 2015 AED 3,412,400; 2016 AED 4,804,000; 2018 AED 2,150,000; 2019 AED 2,350,000; 2021 AED 3,250,000; 2022 AED 3,650,000; 2023 AED 7,000,000; 2024 AED 4,800,000; 2025 AED 6,950,000; 2026 AED 15,250,000Sold by developer, August 2010: AED 3,758,800 (AED 1,540 per sqft)Sold, September 2010: AED 3,150,000 (AED 1,291 per sqft)Sold, January 2013: AED 1,750,000 (AED 717 per sqft)Sold, June 2015: AED 3,250,000 (AED 1,332 per sqft)Sold, November 2021: AED 3,250,000 (AED 1,332 per sqft)Sold, March 2024: AED 4,900,000 (AED 2,008 per sqft)

407 has sold 6 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 407, each contractTypical three-bed in Marina Residences 4
100K200K300K2012201620202024Typical rent by year: 2012 AED 220,327; 2013 AED 205,000; 2014 AED 216,175; 2015 AED 217,500; 2016 AED 220,000; 2017 AED 192,565; 2018 AED 185,000; 2019 AED 170,000; 2020 AED 150,000; 2021 AED 150,000; 2022 AED 185,000; 2023 AED 198,010; 2024 AED 250,000; 2025 AED 284,500; 2026 AED 267,500New contract, August 2015: AED 215,000 a yearNew contract, July 2017: AED 175,000 a yearRenewal, July 2018: AED 170,000 a yearRenewal, July 2019: AED 170,000 a yearNew contract, July 2020: AED 130,000 a yearNew contract, December 2020: AED 125,000 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 4, and where 407 sits

All 48 3-beds →

407 last sold in March 2024 at AED 2,008 per sqft, 14% above what three-beds in Marina Residences 4 were fetching at the time (AED 1,763). Over the last 12 months three-beds sold for AED 4,999,000 to 15,500,000, around AED 3,208 per sqft, and rent for AED 184,800 to 1,300,000 a year. 407's AED 125,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
19 Feb 202615,500,000
13 Feb 20264,999,000
28 Jan 202615,250,000
15 Dec 20256,700,000
4 3-bed sales in the last 12 months

Marina Residences 4

Building

166 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 19 sold in the last 12 months.

Typical price per sqft
AED 2,221 Up 15.2%
Typical sale
AED 4.28M
Typical rent
AED 190K /yr
Typical yield
4.6%
Marina Residences 4, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 166 units in Marina Residences 4
Value
4012-bedAED 1.6M · May 2021
4022-bedAED 2.87M · Sep 2010
4032-bedAED 3M · Jun 2024
4042-bedAED 1.48M · Jun 2012
4053-bedAED 1.8M · Oct 2010
4063-bedAED 10.2M · Oct 2025
4082-bedAED 2.6M · Jul 2022
1–7 of 10

407, Marina Residences 4 in numbers

  • Sold 6 times: first on 30 August 2010 for AED 3,758,800, last on 18 March 2024 for AED 4,900,000 (AED 2,008 per sqft).
  • Rented since January 2013 on 7 Ejari contracts, from AED 1,000,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2024 price is 2.5%, before a service charge of about AED 40,700 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 4 sold for AED 4,999,000–15,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,221 per sqft.

Source: Dubai Land Department. Updated 18 March 2024.

Questions about 407, Marina Residences 4

What did unit 407 last sell for?

AED 4,900,000 on 18 March 2024: AED 2,008 per sqft for 2,440 sqft. The unit has 6 registered sales; the first was AED 3,758,800 in August 2010.

What is the rent for unit 407?

AED 125,000 a year on the contract signed on 20 December 2020. The previous contract, from July 2020, was AED 130,000; the unit has been rented since January 2013.

How big is unit 407?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 4th floor of a 14-storey tower completed in 2009.

What is unit 407 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 4 sold for AED 4,999,000 to 15,500,000 in the last 12 months, around AED 3,208 per sqft.

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Mortgage on 407, Marina Residences 4

Starts from the last sale price (AED 4.9M, 18 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,900,000
Deposit, UAE resident (20%)
AED 980,000
Deposit, non-resident (40%)
AED 1,960,000
Monthly over 25 years at 3.7%
AED 20,047

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