2-bed · 1,778 sqftMarina Residences 5, Palm Jumeirah · 13th floor · completed 2009

1309, Marina Residences 5

Sold prices and rental history: sold 3 times, last in May 2024, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1309 · DLD and Ejari recordsUpdated 22 May 2024
Last soldAED 3.55M22 May 2024
Current rentAED 130K /yr21 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1309, Marina Residences 5

What is 1309 worth today?

Last sold for AED 3,550,000 in 2024

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22 May 2024SoldReady
AED 3,550,000AED 1,996 per sqft
21 May 2021RentedNew contract
AED 130,000/yr12 months · AED 73 per sqft
24 May 2018SoldReady
AED 2,300,000AED 1,293 per sqft
24 Oct 2017Sold by developerReady
AED 2,940,000AED 1,653 per sqft

Source: Dubai Land Department. Updated 22 May 2024.

Key facts

Type
2-bed apartment
Size
1,778 sqft
Floor
13th of 14
Parking
5-LG157
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,600 /yr
Last sold
AED 3.55M · May 2024

About 1309, Marina Residences 5

1309 is a two-bedroom apartment of 1,778 sqft on the 13th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 22 May 2024 for AED 3,550,000, or AED 1,996 per sqft, 7% above the AED 1,857 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 21 May 2021. The current contract, signed on 21 May 2021, is AED 130,000 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 29,600 a year.

Sales and rents for 1309 over time

Sales
Unit 1309, 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, October 2017: AED 2,940,000 (AED 1,653 per sqft)Sold, May 2018: AED 2,300,000 (AED 1,293 per sqft)Sold, May 2024: AED 3,550,000 (AED 1,996 per sqft)

1309 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1309, 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, May 2021: AED 130,000 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 1309 sits

All 106 2-beds →

1309 last sold in May 2024 at AED 1,996 per sqft, 7% above what two-beds in Marina Residences 5 were fetching at the time (AED 1,857). 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. 1309's AED 130,000 is at the bottom 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 13th floor

All 162 units in Marina Residences 5
Value
13012-bedAED 2.78M · Jun 2015
13022-bedAED 2.53M · Oct 2011
13032-bedAED 2.46M · Feb 2013
13042-bedAED 1.7M · Nov 2011
13053-bedAED 4.45M · Apr 2014
13063-bedAED 4.15M · Aug 2020
13073-bedAED 5.55M · Sep 2024
1–7 of 10

1309, Marina Residences 5 in numbers

  • Sold 3 times: first on 24 October 2017 for AED 2,940,000, last on 22 May 2024 for AED 3,550,000 (AED 1,996 per sqft).
  • Rented since May 2021 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2024 price is 3.7%, before a service charge of about AED 29,600 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 22 May 2024.

Questions about 1309, Marina Residences 5

What did unit 1309 last sell for?

AED 3,550,000 on 22 May 2024: AED 1,996 per sqft for 1,778 sqft. The unit has 3 registered sales; the first was AED 2,940,000 in October 2017.

What is the rent for unit 1309?

AED 130,000 a year on the contract signed on 21 May 2021.

How big is unit 1309?

1,778 sqft (165.2 sqm): a two-bedroom apartment on the 13th floor of a 14-storey tower completed in 2009.

What is unit 1309 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 1309, Marina Residences 5

Starts from the last sale price (AED 3.55M, 22 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,550,000
Deposit, UAE resident (20%)
AED 710,000
Deposit, non-resident (40%)
AED 1,420,000
Monthly over 25 years at 3.7%
AED 14,524

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