2-bed · 1,735 sqftMarina Residences 6, Palm Jumeirah · 7th floor · completed 2009

703, Marina Residences 6

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 19 November 2024
Last soldAED 3.65M19 November 2024
Current rentAED 105K /yr31 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Marina Residences 6

What is 703 worth today?

Last sold for AED 3,650,000 in 2024

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19 Nov 2024SoldReady
AED 3,650,000AED 2,103 per sqft
31 May 2021RentedNew contract
AED 105,000/yr12 months · AED 61 per sqft
1 Feb 2019RentedNew contract
AED 130,000/yr12 months · AED 75 per sqft
1 Dec 2017RentedRenewal
AED 160,000/yr12 months · AED 92 per sqft
1 Dec 2016RentedRenewal
AED 178,500/yr12 months · AED 103 per sqft
1 Dec 2015RentedNew contract
AED 170,000/yr12 months · AED 98 per sqft
1 Nov 2013RentedRenewal
AED 165,000/yr12 months · AED 95 per sqft
1 Nov 2012RentedNew contract
AED 150,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 19 November 2024.

Key facts

Type
2-bed apartment
Size
1,735 sqft
Floor
7th of 14
Parking
6-B236
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 28,900 /yr
Last sold
AED 3.65M · November 2024

About 703, Marina Residences 6

703 is a two-bedroom apartment of 1,735 sqft on the 7th 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 November 2024 for AED 3,650,000, or AED 2,103 per sqft, 16% above the AED 1,813 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 31 May 2021, is AED 105,000 a year: a gross yield of 2.9% on the 2024 price, before the service charge of about AED 28,900 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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 3,236,700 (AED 1,865 per sqft)Sold, November 2024: AED 3,650,000 (AED 2,103 per sqft)

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

Rents
Unit 703, 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, November 2012: AED 150,000 a yearRenewal, November 2013: AED 165,000 a yearNew contract, December 2015: AED 170,000 a yearRenewal, December 2016: AED 178,500 a yearRenewal, December 2017: AED 160,000 a yearNew contract, February 2019: AED 130,000 a yearNew contract, May 2021: AED 105,000 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 703 sits

All 106 2-beds →

703 last sold in November 2024 at AED 2,103 per sqft, 16% above what two-beds in Marina Residences 6 were fetching at the time (AED 1,813). 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. 703's AED 105,000 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 7th floor

All 162 units in Marina Residences 6
Value
7012-bedAED 3.18M · Sep 2024
7022-bedAED 1.88M · Apr 2021
7042-bedAED 1.13M · Mar 2013
7053-bedAED 2.09M · Mar 2010
7063-bedAED 5.3M · Oct 2021
7073-bedAED 1.4M · Jul 2012
7082-bedAED 1.61M · Mar 2015
1–7 of 10

703, Marina Residences 6 in numbers

  • Sold twice: first on 2 January 2011 for AED 3,236,700, last on 19 November 2024 for AED 3,650,000 (AED 2,103 per sqft).
  • Rented since November 2012 on 7 Ejari contracts, from AED 150,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2024 price is 2.9%, before a service charge of about AED 28,900 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 November 2024.

Questions about 703, Marina Residences 6

What did unit 703 last sell for?

AED 3,650,000 on 19 November 2024: AED 2,103 per sqft for 1,735 sqft. The unit has 2 registered sales; the first was AED 3,236,700 in January 2011.

What is the rent for unit 703?

AED 105,000 a year on the contract signed on 31 May 2021. The previous contract, from February 2019, was AED 130,000; the unit has been rented since November 2012.

How big is unit 703?

1,735 sqft (161.2 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.

What is unit 703 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 703, Marina Residences 6

Starts from the last sale price (AED 3.65M, 19 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,650,000
Deposit, UAE resident (20%)
AED 730,000
Deposit, non-resident (40%)
AED 1,460,000
Monthly over 25 years at 3.7%
AED 14,933

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