3-bed · 4,768 sqftMarina Residences 4, Palm Jumeirah · -1th floor · completed 2009

LG06, Marina Residences 4

Sold prices and rental history: sold 3 times, last in March 2016, and rented once, from November 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit LG06 · DLD and Ejari recordsUpdated 29 March 2016
Last soldAED 5.1M29 March 2016
Current rentAED 240K /yr1 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for LG06, Marina Residences 4

What is LG06 worth today?

Last sold for AED 5,100,000 in 2016

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29 Mar 2016SoldReady
AED 5,100,000AED 1,069 per sqft
5 Feb 2015SoldReady
AED 3,449,800AED 723 per sqft
1 Nov 2013RentedNew contract
AED 240,000/yr12 months · AED 50 per sqft
2 Jan 2013Sold by developerReady
AED 5,759,000AED 1,207 per sqft

Source: Dubai Land Department. Updated 29 March 2016.

Key facts

Type
3-bed apartment
Size
4,768 sqft
Floor
-1th of 14
Parking
CLG-113
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 79,500 /yr
Last sold
AED 5.1M · March 2016

About LG06, Marina Residences 4

LG06 is a three-bedroom apartment of 4,768 sqft on the -1th floor of Marina Residences 4, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 29 March 2016 for AED 5,100,000, or AED 1,069 per sqft, 17% below the AED 1,292 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2013. The current contract, signed on 1 November 2013, is AED 240,000 a year: a gross yield of 4.7% on the 2016 price, before the service charge of about AED 79,500 a year.

Sales and rents for LG06 over time

Sales
Unit LG06, 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, January 2013: AED 5,759,000 (AED 1,207 per sqft)Sold, February 2015: AED 3,449,800 (AED 723 per sqft)Sold, March 2016: AED 5,100,000 (AED 1,069 per sqft)

LG06 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit LG06, each contractTypical three-bed in Marina Residences 4
200K300K2012201620202024Typical 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, November 2013: AED 240,000 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 LG06 sits

All 48 3-beds →

LG06 last sold in March 2016 at AED 1,069 per sqft, 17% below what three-beds in Marina Residences 4 were fetching at the time (AED 1,292). 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. LG06's AED 240,000 is in the lower half 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 -1th floor

All 166 units in Marina Residences 4
Value
LG012-bedAED 2.25M · Mar 2013
LG022-bedAED 2.1M · Jul 2017
LG032-bedAED 2.07M · May 2023
LG042-bedAED 1.59M · Dec 2023
LG053-bedAED 2.7M · Sep 2013
LG073-bedAED 3.39M · Apr 2016
TH013-bedAED 5.16M · Oct 2013
1–7 of 10

LG06, Marina Residences 4 in numbers

  • Sold 3 times: first on 2 January 2013 for AED 5,759,000, last on 29 March 2016 for AED 5,100,000 (AED 1,069 per sqft).
  • Rented since November 2013 on one Ejari contract, at AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2016 price is 4.7%, before a service charge of about AED 79,500 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 29 March 2016.

Questions about LG06, Marina Residences 4

What did unit LG06 last sell for?

AED 5,100,000 on 29 March 2016: AED 1,069 per sqft for 4,768 sqft. The unit has 3 registered sales; the first was AED 5,759,000 in January 2013.

What is the rent for unit LG06?

AED 240,000 a year on the contract signed on 1 November 2013.

How big is unit LG06?

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 LG06 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 LG06, Marina Residences 4

Starts from the last sale price (AED 5.1M, 29 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 5,100,000
Deposit, UAE resident (20%)
AED 1,020,000
Deposit, non-resident (40%)
AED 2,040,000
Monthly over 25 years at 3.7%
AED 20,866

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