2-bed · 1,734 sqftMarina Residences 5, Palm Jumeirah · 4th floor · completed 2009

402, Marina Residences 5

Sold prices and rental history: sold twice, last in April 2017, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 4 September 2020
Last soldAED 1.35M20 April 2017
Current rentAED 120K /yr4 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Marina Residences 5

What is 402 worth today?

Last sold for AED 1,350,000 in 2017

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4 Sep 2020RentedNew contract
AED 120,000/yr12 months · AED 69 per sqft
20 Apr 2017SoldReady
AED 1,350,000AED 778 per sqft
15 May 2015RentedNew contract
AED 195,000/yr12 months · AED 113 per sqft
11 Nov 2010Sold by developerReady
AED 2,688,600AED 1,550 per sqft

Source: Dubai Land Department. Updated 4 September 2020.

Key facts

Type
2-bed apartment
Size
1,734 sqft
Floor
4th of 14
Parking
CB1-197
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 28,900 /yr
Last sold
AED 1.35M · April 2017

About 402, Marina Residences 5

402 is a two-bedroom apartment of 1,734 sqft on the 4th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 20 April 2017 for AED 1,350,000, or AED 778 per sqft, 47% below the AED 1,460 two-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 4 September 2020, is AED 120,000 a year: a gross yield of 8.9% on the 2017 price, before the service charge of about AED 28,900 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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, November 2010: AED 2,688,600 (AED 1,550 per sqft)Sold, April 2017: AED 1,350,000 (AED 778 per sqft)

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

Rents
Unit 402, 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 2015: AED 195,000 a yearNew contract, September 2020: AED 120,000 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 402 sits

All 106 2-beds →

402 last sold in April 2017 at AED 778 per sqft, 47% below what two-beds in Marina Residences 5 were fetching at the time (AED 1,460). 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. 402's AED 120,000 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 4th floor

All 162 units in Marina Residences 5
Value
4012-bedAED 2.5M · Apr 2016
4032-bedAED 4.4M · Jul 2025
4042-bedAED 5.1M · Oct 2026
4053-bedAED 3.76M · Feb 2013
4063-bedAED 3.95M · May 2021
4073-bedAED 3.54M · Mar 2013
4082-bedAED 3.7M · Aug 2024
1–7 of 10

402, Marina Residences 5 in numbers

  • Sold twice: first on 11 November 2010 for AED 2,688,600, last on 20 April 2017 for AED 1,350,000 (AED 778 per sqft).
  • Rented since May 2015 on 2 Ejari contracts, from AED 195,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2017 price is 8.9%, before a service charge of about AED 28,900 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 4 September 2020.

Questions about 402, Marina Residences 5

What did unit 402 last sell for?

AED 1,350,000 on 20 April 2017: AED 778 per sqft for 1,734 sqft. The unit has 2 registered sales; the first was AED 2,688,600 in November 2010.

What is the rent for unit 402?

AED 120,000 a year on the contract signed on 4 September 2020. The previous contract, from May 2015, was AED 195,000.

How big is unit 402?

1,734 sqft (161.1 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower completed in 2009.

What is unit 402 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 402, Marina Residences 5

Starts from the last sale price (AED 1.35M, 20 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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