2-bed · 1,443 sqftPaloma 3, Dubai Marina · 12th floor · completed 2008

1201, Paloma 3

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 28 November 2024
Last soldAED 1.44M15 August 2010
Current rentAED 100K /yr28 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1201, Paloma 3

What is 1201 worth today?

Last sold for AED 1,437,888 in 2010

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28 Nov 2024RentedNew contract
AED 100,000/yr12 months · AED 69 per sqft
28 Jun 2024RentedNew contract · flagged as an outlier
AED 30,000/yr12 months · AED 21 per sqft
1 Nov 2022RentedNew contract
AED 160,000/yr12 months · AED 111 per sqft
22 Apr 2019RentedNew contract
AED 135,000/yr12 months · AED 94 per sqft
25 Sep 2018RentedRenewal
AED 154,286/yr7 months · AED 107 per sqft
25 Sep 2017RentedRenewal
AED 200,000/yr12 months · AED 139 per sqft
25 Mar 2017RentedRenewal
AED 200,000/yr6 months · AED 139 per sqft
25 Sep 2016RentedRenewal
AED 200,000/yr6 months · AED 139 per sqft

Source: Dubai Land Department. Updated 28 November 2024.

Key facts

Type
2-bed apartment
Size
1,443 sqft
Floor
12th of 38
Parking
P2 - 2295
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 1.44M · August 2010
Building
Paloma 3

About 1201, Paloma 3

1201 is a two-bedroom apartment of 1,443 sqft on the 12th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 15 August 2010 for AED 1,437,888, or AED 996 per sqft, 9% below the AED 1,100 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 28 November 2024, is AED 100,000 a year: a gross yield of 7.0% on the 2010 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical two-bed in Paloma 3
2M4M2009201420192024Typical sale price by year: 2009 AED 1,544,388; 2010 AED 1,842,388; 2011 AED 1,868,888; 2012 AED 1,850,000; 2013 AED 2,557,000; 2014 AED 3,300,000; 2015 AED 1,800,000; 2016 AED 2,550,000; 2020 AED 2,050,000; 2021 AED 2,450,000; 2022 AED 3,000,000; 2023 AED 3,300,000; 2024 AED 3,650,000; 2025 AED 3,712,500Sold by developer, August 2010: AED 1,437,888 (AED 996 per sqft)

1201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, each contractTypical two-bed in Paloma 3
100K150K200K2013201720212025Typical rent by year: 2013 AED 170,000; 2014 AED 172,500; 2015 AED 176,000; 2016 AED 180,000; 2017 AED 179,759; 2018 AED 167,000; 2019 AED 150,000; 2020 AED 133,000; 2021 AED 125,000; 2022 AED 140,000; 2023 AED 157,500; 2024 AED 171,520; 2025 AED 175,000; 2026 AED 170,000New contract, January 2013: AED 142,000 a yearNew contract, January 2014: AED 172,500 a yearRenewal, January 2015: AED 172,500 a yearNew contract, September 2015: AED 180,000 a yearRenewal, September 2016: AED 200,000 a yearRenewal, March 2017: AED 200,000 a yearRenewal, September 2017: AED 200,000 a yearRenewal, September 2018: AED 154,286 a yearNew contract, April 2019: AED 135,000 a yearNew contract, November 2022: AED 160,000 a yearNew contract, November 2024: AED 100,000 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 Paloma 3, and where 1201 sits

All 71 2-beds →

1201 last sold in August 2010 at AED 996 per sqft, 9% below what two-beds in Paloma 3 were fetching at the time (AED 1,100). Over the last 12 months two-beds sold for AED 3,100,000 to 4,300,000, around AED 2,260 per sqft, and rent for AED 146,300 to 210,000 a year. 1201's AED 100,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Feb 20263,100,000
2 Jan 202644,272
10 Dec 20253,375,000
9 Dec 20254,300,000
5 2-bed sales in the last 12 months

Paloma 3

Building

181 apartments, studios to 3-bed over 38 floors in Dubai Marina, completed in 2008 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 2,338
Typical sale
AED 3.38M
Typical rent
AED 130K /yr
Typical yield
5.2%
Paloma 3, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 181 units in Paloma 3
Value
12023-bedAED 2.95M · Jun 2012
12032-bedAED 1.87M · Aug 2010
12041-bedAED 833K · Aug 2010
12051-bedAED 1.06M · Jun 2009

1201, Paloma 3 in numbers

  • Sold once: by Emaar on 15 August 2010 for AED 1,437,888, or AED 996 per sqft.
  • Rented since January 2013 on 12 Ejari contracts. The rent fell from AED 142,000 to AED 30,000 in 2024 and recovered to AED 100,000 by November 2024.
  • At AED 100,000 a year the gross yield on the 2010 price is 7.0%, before a service charge of about AED 28,600 a year (AED 19.81 per sqft).
  • Two-beds in Paloma 3 sold for AED 3,100,000–4,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,338 per sqft.

Source: Dubai Land Department. Updated 28 November 2024.

Questions about 1201, Paloma 3

What did unit 1201 last sell for?

AED 1,437,888 on 15 August 2010, sold by the developer: AED 996 per sqft for 1,443 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 100,000 a year on the contract signed on 28 November 2024. The previous contract, from June 2024, was AED 30,000; the unit has been rented since January 2013.

How big is unit 1201?

1,443 sqft (134.1 sqm): a two-bedroom apartment on the 12th floor of a 38-storey tower completed in 2008.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Paloma 3 sold for AED 3,100,000 to 4,300,000 in the last 12 months, around AED 2,260 per sqft.

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Mortgage on 1201, Paloma 3

Starts from the last sale price (AED 1.44M, 15 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,437,888
Deposit, UAE resident (20%)
AED 287,578
Deposit, non-resident (40%)
AED 575,155
Monthly over 25 years at 3.7%
AED 5,883

Plus AED 65,402 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →