3-bed · 2,440 sqftMarina Residences 5, Palm Jumeirah · 3rd floor · completed 2009

307, Marina Residences 5

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 30 September 2019
Last soldAED 3.7M13 March 2011
Current rentAED 170K /yr30 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Marina Residences 5

What is 307 worth today?

Last sold for AED 3,698,400 in 2011

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30 Sep 2019RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
30 Sep 2018RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
21 Sep 2017RentedNew contract
AED 200,000/yr12 months · AED 82 per sqft
11 Feb 2016RentedNew contract
AED 225,000/yr12 months · AED 92 per sqft
10 Jan 2015RentedRenewal
AED 255,000/yr12 months · AED 104 per sqft
10 Jan 2014RentedNew contract
AED 235,000/yr12 months · AED 96 per sqft
4 Nov 2012RentedNew contract
AED 210,000/yr12 months · AED 86 per sqft
13 Mar 2011Sold by developerReady
AED 3,698,400AED 1,515 per sqft

Source: Dubai Land Department. Updated 30 September 2019.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
3rd of 14
Parking
CB1-157/GG-13.EAST
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 3.7M · March 2011

About 307, Marina Residences 5

307 is a three-bedroom apartment of 2,440 sqft on the 3rd 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 13 March 2011 for AED 3,698,400, or AED 1,515 per sqft, 5% above the AED 1,439 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 30 September 2019, is AED 170,000 a year: a gross yield of 4.6% on the 2011 price, before the service charge of about AED 40,700 a year.

Sales and rents for 307 over time

Sales
Unit 307, 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 by developer, March 2011: AED 3,698,400 (AED 1,515 per sqft)

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

Rents
Unit 307, 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, November 2012: AED 210,000 a yearNew contract, January 2014: AED 235,000 a yearRenewal, January 2015: AED 255,000 a yearNew contract, February 2016: AED 225,000 a yearNew contract, September 2017: AED 200,000 a yearNew contract, September 2018: AED 180,000 a yearRenewal, September 2019: AED 170,000 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 307 sits

All 51 3-beds →

307 last sold in March 2011 at AED 1,515 per sqft, 5% above what three-beds in Marina Residences 5 were fetching at the time (AED 1,439). 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. 307's AED 170,000 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 3rd floor

All 162 units in Marina Residences 5
Value
3012-bedAED 1.7M · Apr 2021
3022-bedAED 2.13M · Sep 2018
3032-bedAED 2.85M · Apr 2015
3042-bedAED 3.45M · Oct 2023
3053-bedAED 3.53M · Oct 2010
3063-bedAED 4.51M · Nov 2010
3082-bedAED 2.92M · Jan 2011
1–7 of 10

307, Marina Residences 5 in numbers

  • Sold once: by The Palm - Jumeirah Co on 13 March 2011 for AED 3,698,400, or AED 1,515 per sqft.
  • Rented since November 2012 on 7 Ejari contracts, from AED 210,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2011 price is 4.6%, before a service charge of about AED 40,700 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 30 September 2019.

Questions about 307, Marina Residences 5

What did unit 307 last sell for?

AED 3,698,400 on 13 March 2011, sold by the developer: AED 1,515 per sqft for 2,440 sqft. It is the only registered sale of the unit.

What is the rent for unit 307?

AED 170,000 a year on the contract renewed on 30 September 2019. The previous contract, from September 2018, was AED 180,000; the unit has been rented since November 2012.

How big is unit 307?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 307 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 307, Marina Residences 5

Starts from the last sale price (AED 3.7M, 13 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,698,400
Deposit, UAE resident (20%)
AED 739,680
Deposit, non-resident (40%)
AED 1,479,360
Monthly over 25 years at 3.7%
AED 15,131

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