3-bed · 4,054 sqftMarina Residences 5, Palm Jumeirah · 12th floor · completed 2009

1206, Marina Residences 5

Sold prices and rental history: sold 3 times, last in September 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1206 · DLD and Ejari recordsUpdated 21 September 2022
Last soldAED 7.2M21 September 2022
Current rentAED 185K /yr21 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1206, Marina Residences 5

What is 1206 worth today?

Last sold for AED 7,200,000 in 2022

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21 Sep 2022SoldReady
AED 7,200,000AED 1,776 per sqft
21 Jan 2022RentedNew contract
AED 185,000/yr12 months · AED 46 per sqft
24 Jan 2021RentedRenewal
AED 185,000/yr12 months · AED 46 per sqft
24 Jan 2020RentedRenewal
AED 190,000/yr12 months · AED 47 per sqft
24 Dec 2018RentedRenewal
AED 203,077/yr13 months · AED 50 per sqft
25 Nov 2017RentedRenewal
AED 240,617/yr13 months · AED 59 per sqft
25 Oct 2016RentedNew contract
AED 258,462/yr13 months · AED 64 per sqft
20 Oct 2015RentedRenewal
AED 300,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 21 September 2022.

Key facts

Type
3-bed apartment
Size
4,054 sqft
Floor
12th of 14
Parking
CLG-148
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 7.2M · September 2022

About 1206, Marina Residences 5

1206 is a three-bedroom apartment of 4,054 sqft on the 12th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 21 September 2022 for AED 7,200,000, or AED 1,776 per sqft, 40% above the AED 1,272 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 21 January 2022, is AED 185,000 a year: a gross yield of 2.6% on the 2022 price, before the service charge of about AED 67,600 a year.

Sales and rents for 1206 over time

Sales
Unit 1206, each saleTypical three-bed in Marina Residences 5
4M6M20102014201820222026Typical sale price by year: 2010 AED 4,297,650; 2011 AED 3,430,000; 2012 AED 3,190,400; 2013 AED 3,650,900; 2014 AED 4,200,000; 2019 AED 3,900,000; 2020 AED 3,150,000; 2021 AED 3,840,000; 2022 AED 3,850,000; 2023 AED 4,562,500; 2024 AED 5,550,000; 2025 AED 6,475,000Sold, November 2012: AED 5,550,000 (AED 1,369 per sqft)Sold by developer, November 2012: AED 5,598,500 (AED 1,381 per sqft)Sold, September 2022: AED 7,200,000 (AED 1,776 per sqft)

1206 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1206, each contractTypical three-bed in Marina Residences 5
200K300K2012201620202024Typical rent by year: 2012 AED 195,000; 2013 AED 222,500; 2014 AED 236,000; 2015 AED 250,000; 2016 AED 232,500; 2017 AED 215,000; 2018 AED 200,000; 2019 AED 180,000; 2020 AED 170,000; 2021 AED 170,000; 2022 AED 175,450; 2023 AED 207,500; 2024 AED 256,500; 2025 AED 320,000; 2026 AED 314,750New contract, October 2014: AED 350,000 a yearRenewal, October 2015: AED 300,000 a yearNew contract, October 2016: AED 258,462 a yearRenewal, November 2017: AED 240,617 a yearRenewal, December 2018: AED 203,077 a yearRenewal, January 2020: AED 190,000 a yearRenewal, January 2021: AED 185,000 a yearNew contract, January 2022: AED 185,000 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 5, and where 1206 sits

All 51 3-beds →

1206 last sold in September 2022 at AED 1,776 per sqft, 40% above what three-beds in Marina Residences 5 were fetching at the time (AED 1,272). Over the last 12 months three-beds sold for AED 6,300,000 to 8,250,000, around AED 2,870 per sqft, and rent for AED 250,000 to 530,000 a year. 1206's AED 185,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
21 Aug 20266,300,000
23 Feb 20267,000,000
4 Dec 20258,250,000
7 Nov 20256,150,000
3 3-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
12012-bedAED 2.66M · Jan 2012
12022-bedAED 5.73M · Jan 2012
12032-bedAED 3.95M · Feb 2024
12042-bedAED 3.29M · Mar 2024
12053-bedAED 4.63M · Oct 2023
12073-bedAED 1.6M · May 2012
12082-bedAED 3.3M · Mar 2014
1–7 of 10

1206, Marina Residences 5 in numbers

  • Sold 3 times: first on 12 November 2012 for AED 5,598,500, last on 21 September 2022 for AED 7,200,000 (AED 1,776 per sqft).
  • Rented since October 2014 on 8 Ejari contracts, from AED 350,000 to AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2022 price is 2.6%, before a service charge of about AED 67,600 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 5 sold for AED 6,300,000–8,250,000 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 September 2022.

Questions about 1206, Marina Residences 5

What did unit 1206 last sell for?

AED 7,200,000 on 21 September 2022: AED 1,776 per sqft for 4,054 sqft. The unit has 3 registered sales; the first was AED 5,598,500 in November 2012.

What is the rent for unit 1206?

AED 185,000 a year on the contract signed on 21 January 2022. The previous contract, from January 2021, was AED 185,000; the unit has been rented since October 2014.

How big is unit 1206?

4,054 sqft (376.6 sqm): a three-bedroom apartment on the 12th floor of a 14-storey tower completed in 2009.

What is unit 1206 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 5 sold for AED 6,300,000 to 8,250,000 in the last 12 months, around AED 2,870 per sqft.

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Mortgage on 1206, Marina Residences 5

Starts from the last sale price (AED 7.2M, 21 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 7,200,000
Deposit, UAE resident (20%)
AED 1,440,000
Deposit, non-resident (40%)
AED 2,880,000
Monthly over 25 years at 3.7%
AED 29,457

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