2-bed · 1,870 sqftMarina Residences 5, Palm Jumeirah · 7th floor · completed 2009

711, Marina Residences 5

Sold prices and rental history: sold 3 times, last in February 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 711 · DLD and Ejari recordsUpdated 9 February 2021
Last soldAED 1.73M9 February 2021
Current rentAED 110K /yr27 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 711, Marina Residences 5

What is 711 worth today?

Last sold for AED 1,725,000 in 2021

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9 Feb 2021SoldReady
AED 1,725,000AED 922 per sqft
27 Dec 2020RentedNew contract
AED 110,000/yr12 months · AED 59 per sqft
23 May 2018RentedRenewal
AED 145,000/yr12 months · AED 77 per sqft
23 May 2017RentedNew contract
AED 145,000/yr12 months · AED 77 per sqft
7 Jun 2015RentedNew contract
AED 100,000/yr12 months · AED 53 per sqft
8 Jul 2014SoldReady
AED 2,530,000AED 1,352 per sqft
20 May 2014Sold by developerReady
AED 2,530,000AED 1,352 per sqft

Source: Dubai Land Department. Updated 9 February 2021.

Key facts

Type
2-bed apartment
Size
1,870 sqft
Floor
7th of 14
Parking
CLG-189
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 31,200 /yr
Last sold
AED 1.73M · February 2021

About 711, Marina Residences 5

711 is a two-bedroom apartment of 1,870 sqft on the 7th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 9 February 2021 for AED 1,725,000, or AED 922 per sqft, 3% above the AED 894 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 27 December 2020, is AED 110,000 a year: a gross yield of 6.4% on the 2021 price, before the service charge of about AED 31,200 a year.

Sales and rents for 711 over time

Sales
Unit 711, 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, May 2014: AED 2,530,000 (AED 1,352 per sqft)Sold, July 2014: AED 2,530,000 (AED 1,352 per sqft)Sold, February 2021: AED 1,725,000 (AED 922 per sqft)

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

Rents
Unit 711, 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, June 2015: AED 100,000 a yearNew contract, May 2017: AED 145,000 a yearRenewal, May 2018: AED 145,000 a yearNew contract, December 2020: AED 110,000 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 711 sits

All 106 2-beds →

711 last sold in February 2021 at AED 922 per sqft, 3% above what two-beds in Marina Residences 5 were fetching at the time (AED 894). 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. 711's AED 110,000 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 7th floor

All 162 units in Marina Residences 5
Value
7012-bedAED 2.85M · Mar 2014
7022-bedAED 2.73M · Oct 2010
7032-bedAED 3.73M · Sep 2011
7042-bedAED 2.85M · Dec 2022
7053-bedAED 6M · Sep 2025
7063-bedAED 12M · Mar 2025
7073-bedAED 2.4M · Feb 2020
1–7 of 10

711, Marina Residences 5 in numbers

  • Sold 3 times: first on 20 May 2014 for AED 2,530,000, last on 9 February 2021 for AED 1,725,000 (AED 922 per sqft).
  • Rented since June 2015 on 4 Ejari contracts, from AED 100,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2021 price is 6.4%, 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 9 February 2021.

Questions about 711, Marina Residences 5

What did unit 711 last sell for?

AED 1,725,000 on 9 February 2021: AED 922 per sqft for 1,870 sqft. The unit has 3 registered sales; the first was AED 2,530,000 in May 2014.

What is the rent for unit 711?

AED 110,000 a year on the contract signed on 27 December 2020. The previous contract, from May 2018, was AED 145,000; the unit has been rented since June 2015.

How big is unit 711?

1,870 sqft (173.7 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.

What is unit 711 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 711, Marina Residences 5

Starts from the last sale price (AED 1.73M, 9 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,725,000
Deposit, UAE resident (20%)
AED 345,000
Deposit, non-resident (40%)
AED 690,000
Monthly over 25 years at 3.7%
AED 7,058

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