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3-bed · 4,053 sqftMarina Residences 5, Palm Jumeirah · 5th floor · completed 2009

506, Marina Residences 5

Sold prices and rental history: sold once, by the developer in November 2010, and rented once, from December 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 4 December 2019
Last soldAED 6.07M25 November 2010
Current rentAED 150K /yr4 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Marina Residences 5

What is 506 worth today?

Last sold for AED 6,067,000 in 2010

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4 Dec 2019RentedNew contract
AED 150,000/yr12 months · AED 37 per sqft
25 Nov 2010Sold by developerReady
AED 6,067,000AED 1,497 per sqft

Source: Dubai Land Department. Updated 4 December 2019.

Key facts

Type
3-bed apartment
Size
4,053 sqft
Floor
5th of 14
Parking
CB1-122, CB1-123
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 6.07M · November 2010
Building
Marina Residences 5

About 506, Marina Residences 5

506 is a three-bedroom apartment of 4,053 sqft on the 5th 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 25 November 2010 for AED 6,067,000, or AED 1,497 per sqft, 5% above the AED 1,430 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 4 December 2019. The current contract, signed on 4 December 2019, is AED 150,000 a year: a gross yield of 2.5% on the 2010 price, before the service charge of about AED 67,600 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, November 2010: AED 6,067,000 (AED 1,497 per sqft)

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

Rents
Unit 506, 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, December 2019: AED 150,000 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 506 sits

All 51 3-beds →

506 last sold in November 2010 at AED 1,497 per sqft, 5% above what three-beds in Marina Residences 5 were fetching at the time (AED 1,430). 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. 506's AED 150,000 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 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
5053-bedAED 2.53M · Apr 2020
5073-bedAED 4.38M · Jul 2023
5082-bedAED 2.81M · Jun 2016
1–7 of 10

506, Marina Residences 5 in numbers

  • Sold once: by The Palm - Jumeirah Co on 25 November 2010 for AED 6,067,000, or AED 1,497 per sqft.
  • Rented since December 2019 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2010 price is 2.5%, before a service charge of about AED 67,600 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 4 December 2019.

Questions about 506, Marina Residences 5

What did unit 506 last sell for?

AED 6,067,000 on 25 November 2010, sold by the developer: AED 1,497 per sqft for 4,053 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 150,000 a year on the contract signed on 4 December 2019.

How big is unit 506?

4,053 sqft (376.5 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.

What is unit 506 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 506, Marina Residences 5

Starts from the last sale price (AED 6.07M, 25 November 2010). Switch to today's estimate once you have unlocked it.
Price
AED 6,067,000
Deposit, UAE resident (20%)
AED 1,213,400
Deposit, non-resident (40%)
AED 2,426,800
Monthly over 25 years at 3.7%
AED 24,822

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