3-bed · 2,440 sqftMarina Residences 5, Palm Jumeirah · 4th floor · completed 2009

407, Marina Residences 5

Sold prices and rental history: sold once, by the developer in March 2013, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 3.54M26 March 2013
Current rentAED 320K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Marina Residences 5

What is 407 worth today?

Last sold for AED 3,543,000 in 2013

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1 Mar 2024RentedNew contract
AED 320,000/yr12 months · AED 131 per sqft
25 Jan 2023RentedNew contract
AED 280,000/yr12 months · AED 115 per sqft
26 Mar 2013Sold by developerReady
AED 3,543,000AED 1,452 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
4th of 14
Parking
CB1-153
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 3.54M · March 2013

About 407, Marina Residences 5

407 is a three-bedroom apartment of 2,440 sqft on the 4th 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 26 March 2013 for AED 3,543,000, or AED 1,452 per sqft, 19% above the AED 1,223 three-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 March 2024, is AED 320,000 a year: a gross yield of 9.0% on the 2013 price, before the service charge of about AED 40,700 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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 2013: AED 3,543,000 (AED 1,452 per sqft)

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

Rents
Unit 407, 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, January 2023: AED 280,000 a yearNew contract, March 2024: AED 320,000 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 407 sits

All 51 3-beds →

407 last sold in March 2013 at AED 1,452 per sqft, 19% above what three-beds in Marina Residences 5 were fetching at the time (AED 1,223). 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. 407's AED 320,000 is in the lower half 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 4th floor

All 162 units in Marina Residences 5
Value
4012-bedAED 2.5M · Apr 2016
4022-bedAED 1.35M · Apr 2017
4032-bedAED 4.4M · Jul 2025
4042-bedAED 5.1M · Oct 2026
4053-bedAED 3.76M · Feb 2013
4063-bedAED 3.95M · May 2021
4082-bedAED 3.7M · Aug 2024
1–7 of 10

407, Marina Residences 5 in numbers

  • Sold once: by The Palm - Jumeirah Co on 26 March 2013 for AED 3,543,000, or AED 1,452 per sqft.
  • Rented since January 2023 on 2 Ejari contracts, from AED 280,000 to AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2013 price is 9.0%, 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 1 March 2024.

Questions about 407, Marina Residences 5

What did unit 407 last sell for?

AED 3,543,000 on 26 March 2013, sold by the developer: AED 1,452 per sqft for 2,440 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 320,000 a year on the contract signed on 1 March 2024. The previous contract, from January 2023, was AED 280,000.

How big is unit 407?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 4th floor of a 14-storey tower completed in 2009.

What is unit 407 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 407, Marina Residences 5

Starts from the last sale price (AED 3.54M, 26 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,543,000
Deposit, UAE resident (20%)
AED 708,600
Deposit, non-resident (40%)
AED 1,417,200
Monthly over 25 years at 3.7%
AED 14,496

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