2-bed · 1,870 sqftMarina Residences 5, Palm Jumeirah · 6th floor · completed 2009

601, Marina Residences 5

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 26 April 2024
Last soldAED 3M26 April 2024
Current rentAED 130K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Marina Residences 5

What is 601 worth today?

Last sold for AED 3,000,000 in 2024

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26 Apr 2024SoldReady
AED 3,000,000AED 1,604 per sqft
1 Mar 2023RentedRenewal
AED 130,000/yr12 months · AED 69 per sqft
1 Mar 2022RentedRenewal
AED 110,000/yr12 months · AED 59 per sqft
1 Mar 2021RentedNew contract
AED 105,000/yr12 months · AED 56 per sqft
1 Dec 2020RentedRenewal
AED 100,000/yr3 months · AED 53 per sqft
1 Jun 2020RentedRenewal
AED 100,000/yr6 months · AED 53 per sqft
20 May 2019RentedNew contract
AED 120,000/yr12 months · AED 64 per sqft
3 Aug 2014SoldReady
AED 2,900,000AED 1,550 per sqft

Source: Dubai Land Department. Updated 26 April 2024.

Key facts

Type
2-bed apartment
Size
1,870 sqft
Floor
6th of 14
Parking
5-B40
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 31,200 /yr
Last sold
AED 3M · April 2024

About 601, Marina Residences 5

601 is a two-bedroom apartment of 1,870 sqft on the 6th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 26 April 2024 for AED 3,000,000, or AED 1,604 per sqft, 12% below the AED 1,832 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 130,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 31,200 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, February 2012: AED 3,056,400 (AED 1,634 per sqft)Sold, August 2014: AED 2,900,000 (AED 1,550 per sqft)Sold, April 2024: AED 3,000,000 (AED 1,604 per sqft)

601 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 601, 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, April 2013: AED 125,000 a yearNew contract, May 2019: AED 120,000 a yearRenewal, June 2020: AED 100,000 a yearRenewal, December 2020: AED 100,000 a yearNew contract, March 2021: AED 105,000 a yearRenewal, March 2022: AED 110,000 a yearRenewal, March 2023: AED 130,000 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 601 sits

All 106 2-beds →

601 last sold in April 2024 at AED 1,604 per sqft, 12% below what two-beds in Marina Residences 5 were fetching at the time (AED 1,832). 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. 601's AED 130,000 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 6th floor

All 162 units in Marina Residences 5
Value
6022-bedAED 4.9M · Jun 2026
6032-bedAED 3.35M · Nov 2023
6042-bedAED 2.95M · May 2023
6053-bedAED 3.85M · Oct 2022
6063-bedAED 4.6M · Dec 2010
6073-bedAED 3.4M · May 2011
6082-bedAED 4.25M · Dec 2024
1–7 of 10

601, Marina Residences 5 in numbers

  • Sold 3 times: first on 22 February 2012 for AED 3,056,400, last on 26 April 2024 for AED 3,000,000 (AED 1,604 per sqft).
  • Rented since April 2013 on 7 Ejari contracts. The rent fell from AED 125,000 to AED 100,000 in 2020 and recovered to AED 130,000 by March 2023.
  • At AED 130,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 31,200 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 26 April 2024.

Questions about 601, Marina Residences 5

What did unit 601 last sell for?

AED 3,000,000 on 26 April 2024: AED 1,604 per sqft for 1,870 sqft. The unit has 3 registered sales; the first was AED 3,056,400 in February 2012.

What is the rent for unit 601?

AED 130,000 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 110,000; the unit has been rented since April 2013.

How big is unit 601?

1,870 sqft (173.7 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2009.

What is unit 601 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 601, Marina Residences 5

Starts from the last sale price (AED 3M, 26 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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