2-bed · 867 sqftMarina Residences 5, Palm Jumeirah · 6th floor · completed 2009

609, Marina Residences 5

Sold prices and rental history: sold once, by the developer in November 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 6 October 2023
Last soldAED 2.84M24 November 2010
Current rentAED 200K /yr6 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 609, Marina Residences 5

What is 609 worth today?

Last sold for AED 2,835,000 in 2010

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6 Oct 2023RentedNew contract
AED 200,000/yr12 months · AED 115 per sqft
24 Oct 2022RentedRenewal
AED 126,376/yr6 months · AED 73 per sqft
24 Oct 2021RentedNew contract
AED 145,000/yr12 months · AED 84 per sqft
17 Oct 2020RentedRenewal
AED 110,000/yr12 months · AED 63 per sqft
17 Oct 2019RentedNew contract
AED 128,000/yr12 months · AED 74 per sqft
17 Oct 2018RentedRenewal
AED 150,000/yr12 months · AED 87 per sqft
17 Oct 2017RentedRenewal
AED 165,000/yr12 months · AED 95 per sqft
17 Oct 2016RentedRenewal
AED 170,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 6 October 2023.

Key facts

Type
2-bed apartment
Size
867 sqft
Floor
6th of 14
Parking
5-B186
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 14,500 /yr
Last sold
AED 2.84M · November 2010

About 609, Marina Residences 5

609 is a two-bedroom apartment of 867 sqft on the 6th 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 24 November 2010 for AED 2,835,000, or AED 1,634 per sqft, 18% above the AED 1,390 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 6 October 2023, is AED 200,000 a year: a gross yield of 7.0% on the 2010 price, before the service charge of about AED 14,500 a year.

Sales and rents for 609 over time

Sales
Unit 609, 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 2,835,000 (AED 1,634 per sqft)

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

Rents
Unit 609, 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 2014: AED 170,000 a yearNew contract, October 2015: AED 170,000 a yearRenewal, October 2016: AED 170,000 a yearRenewal, October 2017: AED 165,000 a yearRenewal, October 2018: AED 150,000 a yearNew contract, October 2019: AED 128,000 a yearRenewal, October 2020: AED 110,000 a yearNew contract, October 2021: AED 145,000 a yearRenewal, October 2022: AED 126,376 a yearNew contract, October 2023: AED 200,000 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 609 sits

All 106 2-beds →

609 last sold in November 2010 at AED 1,634 per sqft, 18% above what two-beds in Marina Residences 5 were fetching at the time (AED 1,390). 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. 609's AED 200,000 is in the lower half 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
6012-bedAED 3M · Apr 2024
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
1–7 of 10

609, Marina Residences 5 in numbers

  • Sold once: by The Palm - Jumeirah Co on 24 November 2010 for AED 2,835,000, or AED 1,634 per sqft.
  • Rented since April 2014 on 10 Ejari contracts. The rent fell from AED 170,000 to AED 110,000 in 2020 and recovered to AED 200,000 by October 2023.
  • At AED 200,000 a year the gross yield on the 2010 price is 7.0%, before a service charge of about AED 14,500 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 6 October 2023.

Questions about 609, Marina Residences 5

What did unit 609 last sell for?

AED 2,835,000 on 24 November 2010, sold by the developer: AED 1,634 per sqft for 867 sqft. It is the only registered sale of the unit.

What is the rent for unit 609?

AED 200,000 a year on the contract signed on 6 October 2023. The previous contract, from October 2022, was AED 126,376; the unit has been rented since April 2014.

How big is unit 609?

867 sqft (80.5 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2009.

What is unit 609 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 609, Marina Residences 5

Starts from the last sale price (AED 2.84M, 24 November 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,835,000
Deposit, UAE resident (20%)
AED 567,000
Deposit, non-resident (40%)
AED 1,134,000
Monthly over 25 years at 3.7%
AED 11,599

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