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

611, Marina Residences 5

Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 611 · DLD and Ejari recordsUpdated 25 August 2022
Last soldAED 2.37M25 August 2022
Current rentAED 115K /yr7 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 611, Marina Residences 5

What is 611 worth today?

Last sold for AED 2,370,000 in 2022

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25 Aug 2022SoldReady
AED 2,370,000AED 1,267 per sqft
7 Mar 2022RentedRenewal
AED 115,000/yr6 months · AED 61 per sqft
7 Sep 2021RentedRenewal
AED 115,000/yr6 months · AED 61 per sqft
7 Sep 2020RentedRenewal
AED 102,500/yr12 months · AED 55 per sqft
7 Sep 2019RentedNew contract
AED 105,000/yr12 months · AED 56 per sqft
1 Sep 2017RentedNew contract
AED 144,000/yr12 months · AED 77 per sqft
1 Aug 2017RentedNew contract
AED 143,614/yr12 months · AED 77 per sqft
5 Jun 2014SoldReady
AED 2,822,500AED 1,509 per sqft

Source: Dubai Land Department. Updated 25 August 2022.

Key facts

Type
2-bed apartment
Size
1,870 sqft
Floor
6th of 14
Parking
CB1-42
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 31,200 /yr
Last sold
AED 2.37M · August 2022

About 611, Marina Residences 5

611 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 25 August 2022 for AED 2,370,000, or AED 1,267 per sqft, in line with the AED 1,273 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 7 March 2022, is AED 115,000 a year: a gross yield of 4.9% on the 2022 price, before the service charge of about AED 31,200 a year.

Sales and rents for 611 over time

Sales
Unit 611, 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, October 2011: AED 1,270,000 (AED 679 per sqft)Sold, June 2014: AED 2,822,500 (AED 1,509 per sqft)Sold, August 2022: AED 2,370,000 (AED 1,267 per sqft)

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

Rents
Unit 611, 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, March 2014: AED 126,562 a yearNew contract, August 2017: AED 143,614 a yearNew contract, September 2017: AED 144,000 a yearNew contract, September 2019: AED 105,000 a yearRenewal, September 2020: AED 102,500 a yearRenewal, September 2021: AED 115,000 a yearRenewal, March 2022: AED 115,000 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 611 sits

All 106 2-beds →

611 last sold in August 2022 at AED 1,267 per sqft, in line with what two-beds in Marina Residences 5 were fetching at the time (AED 1,273). 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. 611's AED 115,000 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
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

611, Marina Residences 5 in numbers

  • Sold 3 times: first on 13 October 2011 for AED 1,270,000, last on 25 August 2022 for AED 2,370,000 (AED 1,267 per sqft).
  • Rented since March 2014 on 7 Ejari contracts. The rent fell from AED 126,562 to AED 102,500 in 2020 and recovered to AED 115,000 by March 2022.
  • At AED 115,000 a year the gross yield on the 2022 price is 4.9%, 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 25 August 2022.

Questions about 611, Marina Residences 5

What did unit 611 last sell for?

AED 2,370,000 on 25 August 2022: AED 1,267 per sqft for 1,870 sqft. The unit has 3 registered sales; the first was AED 1,270,000 in October 2011.

What is the rent for unit 611?

AED 115,000 a year on the contract renewed on 7 March 2022. The previous contract, from September 2021, was AED 115,000; the unit has been rented since March 2014.

How big is unit 611?

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 611 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 611, Marina Residences 5

Starts from the last sale price (AED 2.37M, 25 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,370,000
Deposit, UAE resident (20%)
AED 474,000
Deposit, non-resident (40%)
AED 948,000
Monthly over 25 years at 3.7%
AED 9,696

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