2-bed · 1,858 sqftMarina Residences 6, Palm Jumeirah · 3rd floor · completed 2009

308, Marina Residences 6

Sold prices and rental history: sold 4 times, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 10 July 2024
Last soldAED 3.13M10 July 2024
Current rentAED 170K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Marina Residences 6

What is 308 worth today?

Last sold for AED 3,125,000 in 2024

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10 Jul 2024SoldReady
AED 3,125,000AED 1,682 per sqft
1 Apr 2024RentedRenewal
AED 170,000/yr12 months · AED 91 per sqft
1 Apr 2023RentedNew contract
AED 170,000/yr12 months · AED 91 per sqft
18 Apr 2022SoldReady
AED 1,925,000AED 1,036 per sqft
18 Sep 2021RentedRenewal
AED 115,000/yr12 months · AED 62 per sqft
18 Sep 2020RentedRenewal
AED 115,000/yr12 months · AED 62 per sqft
18 Sep 2019RentedNew contract
AED 120,000/yr12 months · AED 64 per sqft
15 Sep 2018RentedNew contract
AED 125,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 10 July 2024.

Key facts

Type
2-bed apartment
Size
1,858 sqft
Floor
3rd of 14
Parking
6-B21
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 31,000 /yr
Last sold
AED 3.13M · July 2024

About 308, Marina Residences 6

308 is a two-bedroom apartment of 1,858 sqft on the 3rd floor of Marina Residences 6, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 10 July 2024 for AED 3,125,000, or AED 1,682 per sqft, in line with the AED 1,682 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 170,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 31,000 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, November 2010: AED 2,870,700 (AED 1,545 per sqft)Sold, March 2011: AED 1,600,000 (AED 861 per sqft)Sold, April 2022: AED 1,925,000 (AED 1,036 per sqft)Sold, July 2024: AED 3,125,000 (AED 1,682 per sqft)

308 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 308, 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, August 2013: AED 142,500 a yearNew contract, August 2014: AED 170,000 a yearNew contract, September 2018: AED 125,000 a yearNew contract, September 2019: AED 120,000 a yearRenewal, September 2020: AED 115,000 a yearRenewal, September 2021: AED 115,000 a yearNew contract, April 2023: AED 170,000 a yearRenewal, April 2024: AED 170,000 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 308 sits

All 106 2-beds →

308 last sold in July 2024 at AED 1,682 per sqft, in line with what two-beds in Marina Residences 6 were fetching at the time (AED 1,682). 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. 308's AED 170,000 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 198K /yr
Typical yield
5.0%
Marina Residences 6, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 162 units in Marina Residences 6
Value
3012-bedAED 2.28M · Apr 2023
3022-bedAED 1.83M · Aug 2011
3032-bedAED 1.03M · Nov 2018
3042-bedAED 2.74M · Mar 2011
3053-bedAED 4.3M · Mar 2014
3063-bedAED 3.75M · Apr 2021
3073-bedAED 4.2M · Feb 2024
1–7 of 10

308, Marina Residences 6 in numbers

  • Sold 4 times: first on 2 November 2010 for AED 2,870,700, last on 10 July 2024 for AED 3,125,000 (AED 1,682 per sqft).
  • Rented since August 2013 on 8 Ejari contracts. The rent fell from AED 142,500 to AED 115,000 in 2021 and recovered to AED 170,000 by April 2024.
  • At AED 170,000 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 31,000 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 10 July 2024.

Questions about 308, Marina Residences 6

What did unit 308 last sell for?

AED 3,125,000 on 10 July 2024: AED 1,682 per sqft for 1,858 sqft. The unit has 4 registered sales; the first was AED 2,870,700 in November 2010.

What is the rent for unit 308?

AED 170,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 170,000; the unit has been rented since August 2013.

How big is unit 308?

1,858 sqft (172.6 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 308 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 308, Marina Residences 6

Starts from the last sale price (AED 3.13M, 10 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,125,000
Deposit, UAE resident (20%)
AED 625,000
Deposit, non-resident (40%)
AED 1,250,000
Monthly over 25 years at 3.7%
AED 12,785

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