2-bed · 1,443 sqftPaloma 3, Dubai Marina · 13th floor · completed 2008

1301, Paloma 3

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

Unit 1301 · DLD and Ejari recordsUpdated 14 December 2021
Last soldAED 2.4M14 December 2021
Current rentAED 105K /yr12 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1301, Paloma 3

What is 1301 worth today?

Last sold for AED 2,400,000 in 2021

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14 Dec 2021SoldReady
AED 2,400,000AED 1,663 per sqft
12 Dec 2020RentedRenewal
AED 105,292/yr12 months · AED 73 per sqft
12 Dec 2019RentedRenewal
AED 130,000/yr12 months · AED 90 per sqft
25 Apr 2018RentedRenewal
AED 173,122/yr4 months · AED 120 per sqft
25 Apr 2017RentedRenewal
AED 172,500/yr12 months · AED 120 per sqft
25 Apr 2016RentedNew contract
AED 172,500/yr12 months · AED 120 per sqft
23 May 2015RentedNew contract
AED 190,000/yr12 months · AED 132 per sqft
12 Feb 2013SoldReady
AED 2,175,000AED 1,507 per sqft

Source: Dubai Land Department. Updated 14 December 2021.

Key facts

Type
2-bed apartment
Size
1,443 sqft
Floor
13th of 38
Parking
P2 - 2294
Developer
Emaar
Completed
2008
Service charge
AED 28,600 /yr
Last sold
AED 2.4M · December 2021
Building
Paloma 3

About 1301, Paloma 3

1301 is a two-bedroom apartment of 1,443 sqft on the 13th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 14 December 2021 for AED 2,400,000, or AED 1,663 per sqft, 11% above the AED 1,502 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 12 December 2020, is AED 105,292 a year: a gross yield of 4.4% on the 2021 price, before the service charge of about AED 28,600 a year.

Sales and rents for 1301 over time

Sales
Unit 1301, 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, June 2009: AED 1,445,888 (AED 1,001 per sqft)Sold, February 2013: AED 2,175,000 (AED 1,507 per sqft)Sold, December 2021: AED 2,400,000 (AED 1,663 per sqft)

1301 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1301, 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, May 2015: AED 190,000 a yearNew contract, April 2016: AED 172,500 a yearRenewal, April 2017: AED 172,500 a yearRenewal, April 2018: AED 173,122 a yearRenewal, December 2019: AED 130,000 a yearRenewal, December 2020: AED 105,292 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 1301 sits

All 71 2-beds →

1301 last sold in December 2021 at AED 1,663 per sqft, 11% above what two-beds in Paloma 3 were fetching at the time (AED 1,502). 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. 1301's AED 105,292 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 13th floor

All 181 units in Paloma 3
Value
13023-bedAED 2.23M · Aug 2010
13032-bedAED 940K · Aug 2011
13041-bedAED 2.03M · Jul 2024
13051-bedAED 860K · Aug 2010

1301, Paloma 3 in numbers

  • Sold 3 times: first on 7 June 2009 for AED 1,445,888, last on 14 December 2021 for AED 2,400,000 (AED 1,663 per sqft).
  • Rented since May 2015 on 6 Ejari contracts, from AED 190,000 to AED 105,292 a year.
  • At AED 105,292 a year the gross yield on the 2021 price is 4.4%, 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 14 December 2021.

Questions about 1301, Paloma 3

What did unit 1301 last sell for?

AED 2,400,000 on 14 December 2021: AED 1,663 per sqft for 1,443 sqft. The unit has 3 registered sales; the first was AED 1,445,888 in June 2009.

What is the rent for unit 1301?

AED 105,292 a year on the contract renewed on 12 December 2020. The previous contract, from December 2019, was AED 130,000; the unit has been rented since May 2015.

How big is unit 1301?

1,443 sqft (134.1 sqm): a two-bedroom apartment on the 13th floor of a 38-storey tower completed in 2008.

What is unit 1301 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 1301, Paloma 3

Starts from the last sale price (AED 2.4M, 14 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

Plus AED 105,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →