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

LG03, Marina Residences 6

Sold prices and rental history: sold 3 times, last in July 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit LG03 · DLD and Ejari recordsUpdated 26 December 2023
Last soldAED 3.1M25 July 2021
Current rentAED 175K /yr26 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for LG03, Marina Residences 6

What is LG03 worth today?

Last sold for AED 3,100,000 in 2021

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26 Dec 2023RentedRenewal
AED 174,570/yr12 months · AED 63 per sqft
26 Dec 2022RentedRenewal
AED 151,800/yr12 months · AED 55 per sqft
26 Jun 2022RentedRenewal
AED 138,000/yr6 months · AED 50 per sqft
24 Dec 2021RentedNew contract
AED 138,000/yr6 months · AED 50 per sqft
25 Jul 2021SoldReady
AED 3,100,000AED 1,126 per sqft
25 Dec 2020RentedNew contract
AED 125,000/yr12 months · AED 45 per sqft
25 Sep 2019RentedNew contract
AED 140,000/yr12 months · AED 51 per sqft
27 Aug 2018RentedRenewal
AED 170,000/yr10 months · AED 62 per sqft

Source: Dubai Land Department. Updated 26 December 2023.

Key facts

Type
3-bed apartment
Size
2,751 sqft
Floor
-1th of 14
Parking
CB1-259
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 45,900 /yr
Last sold
AED 3.1M · July 2021

About LG03, Marina Residences 6

LG03 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 25 July 2021 for AED 3,100,000, or AED 1,126 per sqft, 29% above the AED 873 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 26 December 2023, is AED 174,570 a year: a gross yield of 5.6% on the 2021 price, before the service charge of about AED 45,900 a year.

Sales and rents for LG03 over time

Sales
Unit LG03, 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, March 2013: AED 4,177,200 (AED 1,518 per sqft)Sold, August 2013: AED 2,980,000 (AED 1,083 per sqft)Sold, July 2021: AED 3,100,000 (AED 1,126 per sqft)

LG03 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit LG03, each contractTypical three-bed in Marina Residences 6
100K200K300K2012201620202024Typical 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, March 2015: AED 225,750 a yearNew contract, August 2016: AED 185,000 a yearRenewal, August 2017: AED 180,000 a yearRenewal, August 2018: AED 170,000 a yearNew contract, September 2019: AED 140,000 a yearNew contract, December 2020: AED 125,000 a yearNew contract, December 2021: AED 138,000 a yearRenewal, June 2022: AED 138,000 a yearRenewal, December 2022: AED 151,800 a yearRenewal, December 2023: AED 174,570 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 LG03 sits

All 50 3-beds →

LG03 last sold in July 2021 at AED 1,126 per sqft, 29% above what three-beds in Marina Residences 6 were fetching at the time (AED 873). 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. LG03's AED 174,570 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
LG013-bedAED 4.4M · May 2024
LG023-bedAED 5.5M · Jun 2023
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

LG03, Marina Residences 6 in numbers

  • Sold 3 times: first on 26 March 2013 for AED 4,177,200, last on 25 July 2021 for AED 3,100,000 (AED 1,126 per sqft).
  • Rented since March 2015 on 10 Ejari contracts. The rent fell from AED 225,750 to AED 125,000 in 2020 and recovered to AED 174,570 by December 2023.
  • At AED 174,570 a year the gross yield on the 2021 price is 5.6%, 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 26 December 2023.

Questions about LG03, Marina Residences 6

What did unit LG03 last sell for?

AED 3,100,000 on 25 July 2021: AED 1,126 per sqft for 2,751 sqft. The unit has 3 registered sales; the first was AED 4,177,200 in March 2013.

What is the rent for unit LG03?

AED 174,570 a year on the contract renewed on 26 December 2023. The previous contract, from December 2022, was AED 151,800; the unit has been rented since March 2015.

How big is unit LG03?

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 LG03 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 LG03, Marina Residences 6

Starts from the last sale price (AED 3.1M, 25 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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