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3-bed · 2,439 sqftMarina Residences 5, Palm Jumeirah · 5th floor · completed 2009

505, Marina Residences 5

Sold prices and rental history: sold twice, last in April 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 30 April 2020
Last soldAED 2.53M30 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Marina Residences 5

What is 505 worth today?

Last sold for AED 2,525,000 in 2020

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30 Apr 2020SoldReady
AED 2,525,000AED 1,035 per sqft
24 Nov 2010Sold by developerReady
AED 3,601,000AED 1,476 per sqft

Source: Dubai Land Department. Updated 30 April 2020.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
5th of 14
Parking
CB1-152
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 2.53M · April 2020
Building
Marina Residences 5

About 505, Marina Residences 5

505 is a three-bedroom apartment of 2,439 sqft on the 5th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 30 April 2020 for AED 2,525,000, or AED 1,035 per sqft, 8% above the AED 962 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical three-bed in Marina Residences 5
2M4M6M20102014201820222026Typical 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, November 2010: AED 3,601,000 (AED 1,476 per sqft)Sold, April 2020: AED 2,525,000 (AED 1,035 per sqft)

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

Rents
Unit 505, 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 314,750

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 505 sits

All 51 3-beds →

505 last sold in April 2020 at AED 1,035 per sqft, 8% above what three-beds in Marina Residences 5 were fetching at the time (AED 962). 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.

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 5th floor

All 162 units in Marina Residences 5
Value
5012-bedAED 2.78M · Aug 2023
5022-bedAED 3.85M · Jul 2026
5032-bedAED 1.4M · Mar 2010
5042-bedAED 2.7M · Jun 2017
5063-bedAED 6.07M · Nov 2010
5073-bedAED 4.38M · Jul 2023
5082-bedAED 2.81M · Jun 2016
1–7 of 10

505, Marina Residences 5 in numbers

  • Sold twice: first on 24 November 2010 for AED 3,601,000, last on 30 April 2020 for AED 2,525,000 (AED 1,035 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 April 2020.

Questions about 505, Marina Residences 5

What did unit 505 last sell for?

AED 2,525,000 on 30 April 2020: AED 1,035 per sqft for 2,439 sqft. The unit has 2 registered sales; the first was AED 3,601,000 in November 2010.

How big is unit 505?

2,439 sqft (226.6 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.

What is unit 505 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 505, Marina Residences 5

Starts from the last sale price (AED 2.53M, 30 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,525,000
Deposit, UAE resident (20%)
AED 505,000
Deposit, non-resident (40%)
AED 1,010,000
Monthly over 25 years at 3.7%
AED 10,331

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