2-bed · 2,019 sqftMarina Residences 5, Palm Jumeirah · 12th floor · completed 2009

1201, Marina Residences 5

Sold prices and rental history: sold once, by the developer in January 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 10 August 2024
Last soldAED 2.66M4 January 2012
Current rentAED 176K /yr10 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Marina Residences 5

What is 1201 worth today?

Last sold for AED 2,659,700 in 2012

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10 Aug 2024RentedRenewal
AED 176,000/yr12 months · AED 87 per sqft
10 Aug 2023RentedRenewal
AED 160,000/yr12 months · AED 79 per sqft
10 Aug 2022RentedNew contract
AED 160,000/yr12 months · AED 79 per sqft
15 Jul 2021RentedNew contract
AED 120,000/yr12 months · AED 59 per sqft
30 Nov 2020RentedNew contract
AED 100,000/yr12 months · AED 49 per sqft
12 Sep 2019RentedRenewal
AED 122,500/yr12 months · AED 61 per sqft
12 Sep 2018RentedNew contract
AED 125,000/yr12 months · AED 62 per sqft
1 Aug 2015RentedNew contract
AED 150,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type
2-bed apartment
Size
2,019 sqft
Floor
12th of 14
Parking
CB1-41
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 33,700 /yr
Last sold
AED 2.66M · January 2012

About 1201, Marina Residences 5

1201 is a two-bedroom apartment of 2,019 sqft on the 12th 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 4 January 2012 for AED 2,659,700, or AED 1,317 per sqft, in line with the AED 1,336 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 176,000 a year: a gross yield of 6.6% on the 2012 price, before the service charge of about AED 33,700 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, 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, January 2012: AED 2,659,700 (AED 1,317 per sqft)

1201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, 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, December 2013: AED 136,500 a yearNew contract, August 2015: AED 150,000 a yearNew contract, September 2018: AED 125,000 a yearRenewal, September 2019: AED 122,500 a yearNew contract, November 2020: AED 100,000 a yearNew contract, July 2021: AED 120,000 a yearNew contract, August 2022: AED 160,000 a yearRenewal, August 2023: AED 160,000 a yearRenewal, August 2024: AED 176,000 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 1201 sits

All 106 2-beds →

1201 last sold in January 2012 at AED 1,317 per sqft, in line with what two-beds in Marina Residences 5 were fetching at the time (AED 1,336). 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. 1201's AED 176,000 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 12th floor

All 162 units in Marina Residences 5
Value
12022-bedAED 5.73M · Jan 2012
12032-bedAED 3.95M · Feb 2024
12042-bedAED 3.29M · Mar 2024
12053-bedAED 4.63M · Oct 2023
12063-bedAED 7.2M · Sep 2022
12073-bedAED 1.6M · May 2012
12082-bedAED 3.3M · Mar 2014
1–7 of 10

1201, Marina Residences 5 in numbers

  • Sold once: by The Palm - Jumeirah Co on 4 January 2012 for AED 2,659,700, or AED 1,317 per sqft.
  • Rented since December 2013 on 9 Ejari contracts. The rent fell from AED 136,500 to AED 100,000 in 2020 and recovered to AED 176,000 by August 2024.
  • At AED 176,000 a year the gross yield on the 2012 price is 6.6%, before a service charge of about AED 33,700 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 10 August 2024.

Questions about 1201, Marina Residences 5

What did unit 1201 last sell for?

AED 2,659,700 on 4 January 2012, sold by the developer: AED 1,317 per sqft for 2,019 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 176,000 a year on the contract renewed on 10 August 2024. The previous contract, from August 2023, was AED 160,000; the unit has been rented since December 2013.

How big is unit 1201?

2,019 sqft (187.6 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2009.

What is unit 1201 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 1201, Marina Residences 5

Starts from the last sale price (AED 2.66M, 4 January 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,659,700
Deposit, UAE resident (20%)
AED 531,940
Deposit, non-resident (40%)
AED 1,063,880
Monthly over 25 years at 3.7%
AED 10,882

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