2-bed · 1,010 sqftMarina Residences 6, Palm Jumeirah · 12th floor · completed 2009

1201, Marina Residences 6

Sold prices and rental history: sold once, by the developer in January 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 17 November 2024
Last soldAED 2.7M25 January 2016
Current rentAED 210K /yr17 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Marina Residences 6

What is 1201 worth today?

Last sold for AED 2,700,000 in 2016

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17 Nov 2024RentedRenewal
AED 210,000/yr12 months · AED 104 per sqft
17 Nov 2023RentedNew contract
AED 210,000/yr12 months · AED 104 per sqft
1 Mar 2019RentedNew contract
AED 115,000/yr12 months · AED 57 per sqft
25 Jan 2016Sold by developerReady
AED 2,700,000AED 1,337 per sqft

Source: Dubai Land Department. Updated 17 November 2024.

Key facts

Type
2-bed apartment
Size
1,010 sqft
Floor
12th of 14
Parking
6-LG215
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 16,800 /yr
Last sold
AED 2.7M · January 2016

About 1201, Marina Residences 6

1201 is a two-bedroom apartment of 1,010 sqft on the 12th floor of Marina Residences 6, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 25 January 2016 for AED 2,700,000, or AED 1,337 per sqft, in line with the AED 1,352 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 17 November 2024, is AED 210,000 a year: a gross yield of 7.8% on the 2016 price, before the service charge of about AED 16,800 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical two-bed in Marina Residences 6
2M4M2010201520202025Typical sale price by year: 2010 AED 2,832,750; 2011 AED 2,817,400; 2012 AED 1,936,900; 2013 AED 2,400,000; 2014 AED 2,564,200; 2015 AED 2,845,000; 2016 AED 2,387,500; 2017 AED 2,272,500; 2018 AED 1,900,000; 2019 AED 1,718,710; 2020 AED 1,415,718; 2021 AED 1,870,456; 2022 AED 2,312,500; 2023 AED 2,650,000; 2024 AED 3,450,000; 2025 AED 3,850,000; 2026 AED 3,525,000Sold by developer, January 2016: AED 2,700,000 (AED 1,337 per sqft)

1201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, each contractTypical two-bed in Marina Residences 6
100K150K200K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 145,000; 2014 AED 166,930; 2015 AED 165,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 122,500; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 126,000; 2023 AED 167,000; 2024 AED 190,000; 2025 AED 197,500; 2026 AED 186,500New contract, March 2019: AED 115,000 a yearNew contract, November 2023: AED 210,000 a yearRenewal, November 2024: AED 210,000 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 6, and where 1201 sits

All 106 2-beds →

1201 last sold in January 2016 at AED 1,337 per sqft, in line with what two-beds in Marina Residences 6 were fetching at the time (AED 1,352). Over the last 12 months two-beds sold for AED 3,350,000 to 4,180,000, around AED 2,046 per sqft, and rent for AED 152,748 to 370,000 a year. 1201's AED 210,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20263,550,000
29 Jul 20263,750,000
13 Jul 20263,425,000
5 Jun 20263,350,000
7 2-bed sales in the last 12 months

Marina Residences 6

Building

162 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 11 sold in the last 12 months.

Typical price per sqft
AED 2,109 Up 7.7%
Typical sale
AED 4.18M
Typical rent
AED 195K /yr
Typical yield
4.9%
Marina Residences 6, Palm Jumeirah: prices, sales and rents →

Other units on the 12th floor

All 162 units in Marina Residences 6
Value
12022-bedAED 2.85M · Jul 2013
12032-bedAED 3.7M · Nov 2024
12042-bedAED 2.65M · Mar 2016
12053-bedAED 3.18M · Aug 2021
12063-bedAED 6.3M · Sep 2022
12073-bedAED 2.03M · Dec 2019
12082-bedAED 2.53M · Jun 2023
1–7 of 10

1201, Marina Residences 6 in numbers

  • Sold once: by The Palm - Jumeirah Co on 25 January 2016 for AED 2,700,000, or AED 1,337 per sqft.
  • Rented since March 2019 on 3 Ejari contracts, from AED 115,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2016 price is 7.8%, before a service charge of about AED 16,800 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 6 sold for AED 3,350,000–4,180,000 in the 12 months to November 2026; the building's median across all types is AED 2,109 per sqft.

Source: Dubai Land Department. Updated 17 November 2024.

Questions about 1201, Marina Residences 6

What did unit 1201 last sell for?

AED 2,700,000 on 25 January 2016, sold by the developer: AED 1,337 per sqft for 1,010 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 210,000 a year on the contract renewed on 17 November 2024. The previous contract, from November 2023, was AED 210,000; the unit has been rented since March 2019.

How big is unit 1201?

1,010 sqft (93.8 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower completed in 2009.

What is unit 1201 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 6 sold for AED 3,350,000 to 4,180,000 in the last 12 months, around AED 2,046 per sqft.

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Mortgage on 1201, Marina Residences 6

Starts from the last sale price (AED 2.7M, 25 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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