2-bed · 1,746 sqftMarina Residences 5, Palm Jumeirah · 10th floor · completed 2009

1004, Marina Residences 5

Sold prices and rental history: sold once, by the developer in May 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 21 May 2017
Last soldAED 2.54M21 May 2017
Current rentAED 150K /yr24 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Marina Residences 5

What is 1004 worth today?

Last sold for AED 2,544,800 in 2017

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21 May 2017Sold by developerReady
AED 2,544,800AED 1,457 per sqft
24 Jul 2015RentedRenewal
AED 150,418/yr12 months · AED 86 per sqft
24 Jul 2014RentedNew contract
AED 150,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 21 May 2017.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
10th of 14
Parking
CLG-175
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 2.54M · May 2017

About 1004, Marina Residences 5

1004 is a two-bedroom apartment of 1,746 sqft on the 10th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 21 May 2017 for AED 2,544,800, or AED 1,457 per sqft, in line with the AED 1,457 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 24 July 2015, is AED 150,418 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 29,100 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical two-bed in Marina Residences 5
2M4M2010201520202025Typical sale price by year: 2010 AED 2,729,600; 2011 AED 2,580,700; 2012 AED 2,557,050; 2013 AED 2,544,200; 2014 AED 2,950,000; 2015 AED 2,787,500; 2016 AED 2,695,500; 2017 AED 2,547,400; 2018 AED 2,300,000; 2019 AED 1,660,000; 2020 AED 1,600,000; 2021 AED 1,700,000; 2022 AED 2,600,000; 2023 AED 3,110,000; 2024 AED 3,635,000; 2025 AED 3,978,188; 2026 AED 4,450,000Sold by developer, May 2017: AED 2,544,800 (AED 1,457 per sqft)

1004 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1004, each contractTypical two-bed in Marina Residences 5
100K150K200K2012201620202024Typical rent by year: 2012 AED 138,500; 2013 AED 145,000; 2014 AED 160,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 132,750; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 139,440; 2023 AED 165,000; 2024 AED 185,000; 2025 AED 192,477; 2026 AED 200,000New contract, July 2014: AED 150,000 a yearRenewal, July 2015: AED 150,418 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Marina Residences 5, and where 1004 sits

All 106 2-beds →

1004 last sold in May 2017 at AED 1,457 per sqft, in line with what two-beds in Marina Residences 5 were fetching at the time (AED 1,457). Over the last 12 months two-beds sold for AED 3,850,000 to 5,100,000, around AED 2,278 per sqft, and rent for AED 150,000 to 300,000 a year. 1004's AED 150,418 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20265,100,000
2 Oct 20264,450,000
28 Jul 20263,850,000
5 Jun 20264,900,000
7 2-bed sales in the last 12 months

Marina Residences 5

Building

162 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 10 sold in the last 12 months.

Typical price per sqft
AED 2,433 Up 9.7%
Typical sale
AED 4.78M
Typical rent
AED 209K /yr
Typical yield
4.3%
Marina Residences 5, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 162 units in Marina Residences 5
Value
10012-bedAED 2.48M · Oct 2010
10022-bedAED 1.54M · Dec 2020
10032-bedAED 3.4M · Jun 2024
10053-bedAED 2M · Jun 2012
10063-bedAED 3.84M · Oct 2021
10073-bedAED 3.55M · Jan 2018
10082-bedAED 2.74M · Aug 2022
1–7 of 10

1004, Marina Residences 5 in numbers

  • Sold once: by The Palm - Jumeirah Co on 21 May 2017 for AED 2,544,800, or AED 1,457 per sqft.
  • Rented since July 2014 on 2 Ejari contracts, from AED 150,000 to AED 150,418 a year.
  • At AED 150,418 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 29,100 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 5 sold for AED 3,850,000–5,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,433 per sqft.

Source: Dubai Land Department. Updated 21 May 2017.

Questions about 1004, Marina Residences 5

What did unit 1004 last sell for?

AED 2,544,800 on 21 May 2017, sold by the developer: AED 1,457 per sqft for 1,746 sqft. It is the only registered sale of the unit.

What is the rent for unit 1004?

AED 150,418 a year on the contract renewed on 24 July 2015. The previous contract, from July 2014, was AED 150,000.

How big is unit 1004?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2009.

What is unit 1004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Residences 5 sold for AED 3,850,000 to 5,100,000 in the last 12 months, around AED 2,278 per sqft.

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Mortgage on 1004, Marina Residences 5

Starts from the last sale price (AED 2.54M, 21 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,544,800
Deposit, UAE resident (20%)
AED 508,960
Deposit, non-resident (40%)
AED 1,017,920
Monthly over 25 years at 3.7%
AED 10,412

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