3-bed · 2,751 sqftMarina Residences 6, Palm Jumeirah · -1th floor · completed 2009

LG01, Marina Residences 6

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

Unit LG01 · DLD and Ejari recordsUpdated 28 May 2024
Last soldAED 4.4M28 May 2024
Current rentAED 198K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for LG01, Marina Residences 6

What is LG01 worth today?

Last sold for AED 4,400,000 in 2024

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28 May 2024SoldReady
AED 4,400,000AED 1,599 per sqft
1 Sep 2022RentedRenewal
AED 198,202/yr4 months · AED 72 per sqft
1 May 2022RentedRenewal
AED 209,391/yr4 months · AED 76 per sqft
1 May 2021RentedRenewal
AED 165,000/yr12 months · AED 60 per sqft
1 May 2020RentedNew contract
AED 150,000/yr12 months · AED 54 per sqft
1 Feb 2018RentedRenewal
AED 180,000/yr12 months · AED 65 per sqft
1 Feb 2017RentedNew contract
AED 180,000/yr12 months · AED 65 per sqft
13 Dec 2012RentedNew contract
AED 185,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 28 May 2024.

Key facts

Type
3-bed apartment
Size
2,751 sqft
Floor
-1th of 14
Parking
6-B260
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 45,900 /yr
Last sold
AED 4.4M · May 2024

About LG01, Marina Residences 6

LG01 is a three-bedroom apartment of 2,751 sqft on the -1th floor of Marina Residences 6, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 28 May 2024 for AED 4,400,000, or AED 1,599 per sqft, in line with the AED 1,599 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 198,202 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 45,900 a year.

Sales and rents for LG01 over time

Sales
Unit LG01, each saleTypical three-bed in Marina Residences 6
3M4M5M2010201420182022Typical 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, November 2010: AED 3,390,000 (AED 1,232 per sqft)Sold, May 2024: AED 4,400,000 (AED 1,599 per sqft)

LG01 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit LG01, 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, December 2012: AED 185,000 a yearNew contract, February 2017: AED 180,000 a yearRenewal, February 2018: AED 180,000 a yearNew contract, May 2020: AED 150,000 a yearRenewal, May 2021: AED 165,000 a yearRenewal, May 2022: AED 209,391 a yearRenewal, September 2022: AED 198,202 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 LG01 sits

All 50 3-beds →

LG01 last sold in May 2024 at AED 1,599 per sqft, in line with what three-beds in Marina Residences 6 were fetching at the time (AED 1,599). 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. LG01's AED 198,202 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 -1th floor

All 162 units in Marina Residences 6
Value
LG023-bedAED 5.5M · Jun 2023
LG033-bedAED 3.1M · Jul 2021
TH012-bedAED 3.35M · Feb 2018
TH023-bedAED 4M · Feb 2014
TH033-bedAED 4.2M · Jan 2014
TH043-bedAED 3.68M · Aug 2017
TH052-bedAED 5M · Nov 2023
1–7 of 10

LG01, Marina Residences 6 in numbers

  • Sold twice: first on 21 November 2010 for AED 3,390,000, last on 28 May 2024 for AED 4,400,000 (AED 1,599 per sqft).
  • Rented since December 2012 on 7 Ejari contracts. The rent fell from AED 185,000 to AED 150,000 in 2020 and recovered to AED 198,202 by September 2022.
  • At AED 198,202 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 45,900 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 28 May 2024.

Questions about LG01, Marina Residences 6

What did unit LG01 last sell for?

AED 4,400,000 on 28 May 2024: AED 1,599 per sqft for 2,751 sqft. The unit has 2 registered sales; the first was AED 3,390,000 in November 2010.

What is the rent for unit LG01?

AED 198,202 a year on the contract renewed on 1 September 2022. The previous contract, from May 2022, was AED 209,391; the unit has been rented since December 2012.

How big is unit LG01?

2,751 sqft (255.6 sqm): a three-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.

What is unit LG01 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 LG01, Marina Residences 6

Starts from the last sale price (AED 4.4M, 28 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,400,000
Deposit, UAE resident (20%)
AED 880,000
Deposit, non-resident (40%)
AED 1,760,000
Monthly over 25 years at 3.7%
AED 18,002

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