2-bed · 1,746 sqftMarina Residences 6, Palm Jumeirah · 5th floor · completed 2009

508, Marina Residences 6

Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 19 January 2017
Last soldAED 2.34M19 January 2017
Current rentAED 144K /yr17 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Marina Residences 6

What is 508 worth today?

Last sold for AED 2,340,000 in 2017

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19 Jan 2017SoldReady
AED 2,340,000AED 1,340 per sqft
17 Oct 2015RentedRenewal
AED 143,545/yr10 months · AED 82 per sqft
17 Oct 2014RentedNew contract
AED 143,325/yr12 months · AED 82 per sqft
17 Oct 2013RentedNew contract
AED 136,500/yr12 months · AED 78 per sqft
17 Oct 2012RentedNew contract
AED 130,000/yr12 months · AED 75 per sqft
5 Jan 2011Sold by developerReady
AED 3,128,200AED 1,791 per sqft

Source: Dubai Land Department. Updated 19 January 2017.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
5th of 14
Parking
CB1-253
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 2.34M · January 2017

About 508, Marina Residences 6

508 is a two-bedroom apartment of 1,746 sqft on the 5th floor of Marina Residences 6, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 19 January 2017 for AED 2,340,000, or AED 1,340 per sqft, 3% above the AED 1,296 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 17 October 2015, is AED 143,545 a year: a gross yield of 6.1% on the 2017 price, before the service charge of about AED 29,100 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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 2011: AED 3,128,200 (AED 1,791 per sqft)Sold, January 2017: AED 2,340,000 (AED 1,340 per sqft)

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

Rents
Unit 508, 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, October 2012: AED 130,000 a yearNew contract, October 2013: AED 136,500 a yearNew contract, October 2014: AED 143,325 a yearRenewal, October 2015: AED 143,545 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 508 sits

All 106 2-beds →

508 last sold in January 2017 at AED 1,340 per sqft, 3% above what two-beds in Marina Residences 6 were fetching at the time (AED 1,296). 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. 508's AED 143,545 is at the bottom 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 5th floor

All 162 units in Marina Residences 6
Value
5012-bedAED 1.4M · Sep 2020
5022-bedAED 4M · Mar 2025
5032-bedAED 3.55M · Jun 2025
5042-bedAED 1.5M · Mar 2011
5053-bedAED 3.18M · Nov 2021
5063-bedAED 1.8M · Nov 2010
5073-bedAED 3.97M · Sep 2010
1–7 of 10

508, Marina Residences 6 in numbers

  • Sold twice: first on 5 January 2011 for AED 3,128,200, last on 19 January 2017 for AED 2,340,000 (AED 1,340 per sqft).
  • Rented since October 2012 on 4 Ejari contracts, from AED 130,000 to AED 143,545 a year.
  • At AED 143,545 a year the gross yield on the 2017 price is 6.1%, before a service charge of about AED 29,100 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 19 January 2017.

Questions about 508, Marina Residences 6

What did unit 508 last sell for?

AED 2,340,000 on 19 January 2017: AED 1,340 per sqft for 1,746 sqft. The unit has 2 registered sales; the first was AED 3,128,200 in January 2011.

What is the rent for unit 508?

AED 143,545 a year on the contract renewed on 17 October 2015. The previous contract, from October 2014, was AED 143,325; the unit has been rented since October 2012.

How big is unit 508?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.

What is unit 508 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 508, Marina Residences 6

Starts from the last sale price (AED 2.34M, 19 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,340,000
Deposit, UAE resident (20%)
AED 468,000
Deposit, non-resident (40%)
AED 936,000
Monthly over 25 years at 3.7%
AED 9,574

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