3-bed · 4,947 sqftMarina Residences 5, Palm Jumeirah · Ground floor · completed 2009

G02, Marina Residences 5

Sold prices and rental history: sold 3 times, last in January 2020, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 13 January 2020
Last soldAED 4M13 January 2020
Current rentAED 273K /yr15 February 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G02, Marina Residences 5

What is G02 worth today?

Last sold for AED 4,000,000 in 2020

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13 Jan 2020SoldReady
AED 4,000,000AED 808 per sqft
6 Jul 2015SoldReady
AED 6,875,000AED 1,389 per sqft
15 Feb 2015RentedNew contract
AED 273,000/yr12 months · AED 55 per sqft
15 Feb 2014RentedNew contract
AED 273,000/yr12 months · AED 55 per sqft
10 Mar 2011Sold by developerReady
AED 2,897,000AED 585 per sqft

Source: Dubai Land Department. Updated 13 January 2020.

Key facts

Type
3-bed apartment
Size
4,947 sqft
Floor
Ground of 14
Parking
CB1-107, CB1-108
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 82,500 /yr
Last sold
AED 4M · January 2020

About G02, Marina Residences 5

G02 is a three-bedroom apartment of 4,947 sqft on the ground floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 13 January 2020 for AED 4,000,000, or AED 808 per sqft, 9% below the AED 885 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 15 February 2015, is AED 273,000 a year: a gross yield of 6.8% on the 2020 price, before the service charge of about AED 82,500 a year.

Sales and rents for G02 over time

Sales
Unit G02, 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, March 2011: AED 2,897,000 (AED 585 per sqft)Sold, July 2015: AED 6,875,000 (AED 1,389 per sqft)Sold, January 2020: AED 4,000,000 (AED 808 per sqft)

G02 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit G02, 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, February 2014: AED 273,000 a yearNew contract, February 2015: AED 273,000 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 G02 sits

All 51 3-beds →

G02 last sold in January 2020 at AED 808 per sqft, 9% below what three-beds in Marina Residences 5 were fetching at the time (AED 885). 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. G02's AED 273,000 is in the lower half 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 ground floor

All 162 units in Marina Residences 5
Value
G013-bedAED 3.4M · Sep 2012
G033-bedAED 3.4M · Nov 2010

G02, Marina Residences 5 in numbers

  • Sold 3 times: first on 10 March 2011 for AED 2,897,000, last on 13 January 2020 for AED 4,000,000 (AED 808 per sqft).
  • Rented since February 2014 on 2 Ejari contracts, at AED 273,000 a year.
  • At AED 273,000 a year the gross yield on the 2020 price is 6.8%, before a service charge of about AED 82,500 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 13 January 2020.

Questions about G02, Marina Residences 5

What did unit G02 last sell for?

AED 4,000,000 on 13 January 2020: AED 808 per sqft for 4,947 sqft. The unit has 3 registered sales; the first was AED 2,897,000 in March 2011.

What is the rent for unit G02?

AED 273,000 a year on the contract signed on 15 February 2015. The previous contract, from February 2014, was AED 273,000.

How big is unit G02?

4,947 sqft (459.6 sqm): a three-bedroom apartment on the ground floor of a 14-storey tower completed in 2009.

What is unit G02 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 G02, Marina Residences 5

Starts from the last sale price (AED 4M, 13 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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