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3-bed · 3,442 sqftLa Residencia Del Mar, Dubai Marina · 7th floor · completed 2006

703, La Residencia Del Mar

Sold prices and rental history: sold once, by the developer in July 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 2.66M24 July 2008
Current rentAED 150K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, La Residencia Del Mar

What is 703 worth today?

Last sold for AED 2,657,720 in 2008

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1 Aug 2021RentedRenewal
AED 150,000/yr6 months · AED 44 per sqft
1 Aug 2020RentedNew contract
AED 150,000/yr12 months · AED 44 per sqft
20 Oct 2019RentedNew contract
AED 175,000/yr12 months · AED 51 per sqft
1 May 2017RentedRenewal
AED 230,000/yr12 months · AED 67 per sqft
1 May 2016RentedRenewal
AED 250,000/yr12 months · AED 73 per sqft
1 May 2015RentedNew contract
AED 250,000/yr12 months · AED 73 per sqft
1 May 2014RentedNew contract
AED 250,000/yr12 months · AED 73 per sqft
1 May 2013RentedNew contract
AED 230,000/yr12 months · AED 67 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2021.

Key facts

Type
3-bed apartment
Size
3,442 sqft
Floor
7th of 13
Parking
33,34
Developer
Palma Holding
Completed
2006
Service charge
AED 49,600 /yr
Last sold
AED 2.66M · July 2008
Building
La Residencia Del Mar

About 703, La Residencia Del Mar

703 is a three-bedroom apartment of 3,442 sqft on the 7th floor of La Residencia Del Mar, a 13-storey tower in Dubai Marina completed in 2006 by Palma Holding. The developer sold it on 24 July 2008 for AED 2,657,720, or AED 772 per sqft, in line with the AED 772 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 August 2021, is AED 150,000 a year: a gross yield of 5.6% on the 2008 price, before the service charge of about AED 49,600 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical three-bed in La Residencia Del Mar
2M4M2008201220162020Typical sale price by year: 2008 AED 2,740,000; 2009 AED 2,377,960; 2011 AED 2,212,500; 2013 AED 4,450,000; 2017 AED 5,000,000; 2019 AED 3,100,000; 2022 AED 3,335,000Sold by developer, July 2008: AED 2,657,720 (AED 772 per sqft)

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

Rents
Unit 703, each contractTypical three-bed in La Residencia Del Mar
200K300K2013201720212025Typical rent by year: 2013 AED 220,000; 2014 AED 250,000; 2015 AED 230,250; 2016 AED 230,000; 2017 AED 230,000; 2018 AED 202,500; 2019 AED 195,000; 2020 AED 172,500; 2021 AED 225,000; 2022 AED 240,000; 2023 AED 300,000; 2024 AED 275,000; 2025 AED 262,500New contract, May 2013: AED 230,000 a yearNew contract, May 2014: AED 250,000 a yearNew contract, May 2015: AED 250,000 a yearRenewal, May 2016: AED 250,000 a yearRenewal, May 2017: AED 230,000 a yearNew contract, October 2019: AED 175,000 a yearNew contract, August 2020: AED 150,000 a yearRenewal, August 2021: AED 150,000 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 La Residencia Del Mar, and where 703 sits

All 28 3-beds →

703 last sold in July 2008 at AED 772 per sqft, in line with what three-beds in La Residencia Del Mar were fetching at the time (AED 772). 703's AED 150,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
19 Feb 20245,000,000
6 Dec 20235,800,000
9 Sep 20223,335,000
30 May 20224,450,000
0 3-bed sales in the last 12 months

La Residencia Del Mar

Building

41 apartments, 2-bed to 3-bed over 13 floors in Dubai Marina, completed in 2006 by Palma Holding. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 288K /yr
Typical yield
La Residencia Del Mar, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 41 units in La Residencia Del Mar
Value
7012-bedAED 1.6M · Jul 2011
7023-bedAED 2.73M · Jul 2008

703, La Residencia Del Mar in numbers

  • Sold once: by Palma Holding on 24 July 2008 for AED 2,657,720, or AED 772 per sqft.
  • Rented since May 2013 on 8 Ejari contracts, from AED 230,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2008 price is 5.6%, before a service charge of about AED 49,600 a year (AED 14.40 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2021.

Questions about 703, La Residencia Del Mar

What did unit 703 last sell for?

AED 2,657,720 on 24 July 2008, sold by the developer: AED 772 per sqft for 3,442 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 150,000 a year on the contract renewed on 1 August 2021. The previous contract, from August 2020, was AED 150,000; the unit has been rented since May 2013.

How big is unit 703?

3,442 sqft (319.8 sqm): a three-bedroom apartment on the 7th floor of a 13-storey tower completed in 2006.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 703, La Residencia Del Mar

Starts from the last sale price (AED 2.66M, 24 July 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,657,720
Deposit, UAE resident (20%)
AED 531,544
Deposit, non-resident (40%)
AED 1,063,088
Monthly over 25 years at 3.7%
AED 10,874

Plus AED 116,634 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →