3-bed · 4,054 sqftMarina Residences 6, Palm Jumeirah · 7th floor · completed 2009

706, Marina Residences 6

Sold prices and rental history: sold twice, last in October 2021, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 5 October 2021
Last soldAED 5.3M5 October 2021
Current rentAED 210K /yr8 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Marina Residences 6

What is 706 worth today?

Last sold for AED 5,300,000 in 2021

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5 Oct 2021SoldReady
AED 5,300,000AED 1,307 per sqft
8 Aug 2021RentedRenewal
AED 210,109/yr10 months · AED 52 per sqft
8 Aug 2020RentedNew contract
AED 215,000/yr12 months · AED 53 per sqft
15 Apr 2019RentedNew contract
AED 230,000/yr12 months · AED 57 per sqft
1 Sep 2017RentedNew contract
AED 310,000/yr12 months · AED 76 per sqft
27 Sep 2015Sold by developerReady
AED 4,680,000AED 1,154 per sqft

Source: Dubai Land Department. Updated 5 October 2021.

Key facts

Type
3-bed apartment
Size
4,054 sqft
Floor
7th of 14
Parking
CLG-247
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 5.3M · October 2021

About 706, Marina Residences 6

706 is a three-bedroom apartment of 4,054 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 5 October 2021 for AED 5,300,000, or AED 1,307 per sqft, 27% above the AED 1,026 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 8 August 2021, is AED 210,109 a year: a gross yield of 4.0% on the 2021 price, before the service charge of about AED 67,600 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical three-bed in Marina Residences 6
4M2010201420182022Typical sale price by year: 2010 AED 3,663,600; 2011 AED 3,361,500; 2012 AED 3,515,000; 2013 AED 3,206,500; 2014 AED 4,200,000; 2015 AED 4,840,000; 2017 AED 3,070,000; 2021 AED 3,200,000; 2022 AED 3,400,000; 2023 AED 4,650,000; 2024 AED 4,300,000Sold by developer, September 2015: AED 4,680,000 (AED 1,154 per sqft)Sold, October 2021: AED 5,300,000 (AED 1,307 per sqft)

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

Rents
Unit 706, each contractTypical three-bed in Marina Residences 6
200K300K2012201620202024Typical rent by year: 2012 AED 180,000; 2013 AED 210,000; 2014 AED 252,500; 2015 AED 220,000; 2016 AED 225,000; 2017 AED 190,000; 2018 AED 190,000; 2019 AED 171,000; 2020 AED 152,500; 2021 AED 161,000; 2022 AED 182,500; 2023 AED 240,750; 2024 AED 275,000; 2025 AED 290,000; 2026 AED 292,500New contract, September 2017: AED 310,000 a yearNew contract, April 2019: AED 230,000 a yearNew contract, August 2020: AED 215,000 a yearRenewal, August 2021: AED 210,109 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 6, and where 706 sits

All 50 3-beds →

706 last sold in October 2021 at AED 1,307 per sqft, 27% above what three-beds in Marina Residences 6 were fetching at the time (AED 1,026). Over the last 12 months three-beds sold for AED 5,800,000 to 12,750,000, around AED 2,377 per sqft, and rent for AED 260,000 to 550,000 a year. 706's AED 210,109 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
8 May 20269,500,000
27 Mar 20265,800,000
11 Dec 202512,750,000
22 Sep 20255,000,000
3 3-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
7032-bedAED 3.65M · Nov 2024
7042-bedAED 1.13M · Mar 2013
7053-bedAED 2.09M · Mar 2010
7073-bedAED 1.4M · Jul 2012
7082-bedAED 1.61M · Mar 2015
1–7 of 10

706, Marina Residences 6 in numbers

  • Sold twice: first on 27 September 2015 for AED 4,680,000, last on 5 October 2021 for AED 5,300,000 (AED 1,307 per sqft).
  • Rented since September 2017 on 4 Ejari contracts, from AED 310,000 to AED 210,109 a year.
  • At AED 210,109 a year the gross yield on the 2021 price is 4.0%, before a service charge of about AED 67,600 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 6 sold for AED 5,800,000–12,750,000 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 5 October 2021.

Questions about 706, Marina Residences 6

What did unit 706 last sell for?

AED 5,300,000 on 5 October 2021: AED 1,307 per sqft for 4,054 sqft. The unit has 2 registered sales; the first was AED 4,680,000 in September 2015.

What is the rent for unit 706?

AED 210,109 a year on the contract renewed on 8 August 2021. The previous contract, from August 2020, was AED 215,000; the unit has been rented since September 2017.

How big is unit 706?

4,054 sqft (376.6 sqm): a three-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.

What is unit 706 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 6 sold for AED 5,800,000 to 12,750,000 in the last 12 months, around AED 2,377 per sqft.

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Mortgage on 706, Marina Residences 6

Starts from the last sale price (AED 5.3M, 5 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 5,300,000
Deposit, UAE resident (20%)
AED 1,060,000
Deposit, non-resident (40%)
AED 2,120,000
Monthly over 25 years at 3.7%
AED 21,684

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