1505, Paloma 3
Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, Paloma 3
What is 1505 worth today?
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Source: Dubai Land Department. Updated 5 October 2024.
Key facts
- Type
- Apartment
- Size
- 1,036 sqft
- Floor
- 15th of 38
- Parking
- P1 - 1206
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 20,500 /yr
- Last sold
- AED 1.62M · January 2024
- Building
- Paloma 3
About 1505, Paloma 3
1505 is an apartment of 1,036 sqft on the 15th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 23 January 2024 for AED 1,620,000, or AED 1,563 per sqft.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 5 October 2024, is AED 81,093 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 20,500 a year.
Paloma 3
Building181 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%
Other units on the 15th floor
All 181 units in Paloma 31505, Paloma 3 in numbers
- Sold twice: first on 5 October 2015 for AED 408,848, last on 23 January 2024 for AED 1,620,000 (AED 1,563 per sqft).
- Rented since March 2014 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 68,000 in 2020 and recovered to AED 81,093 by October 2024.
- At AED 81,093 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 20,500 a year (AED 19.81 per sqft).
Source: Dubai Land Department. Updated 5 October 2024.
Questions about 1505, Paloma 3
What did unit 1505 last sell for?
AED 1,620,000 on 23 January 2024: AED 1,563 per sqft for 1,036 sqft. The unit has 2 registered sales; the first was AED 408,848 in October 2015.
What is the rent for unit 1505?
AED 81,093 a year on the contract renewed on 5 October 2024. The previous contract, from October 2022, was AED 75,000; the unit has been rented since March 2014.
How big is unit 1505?
1,036 sqft (96.2 sqm): an apartment on the 15th floor of a 38-storey tower completed in 2008.
What is unit 1505 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 1505, Paloma 3
Starts from the last sale price (AED 1.62M, 23 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,620,000
- Deposit, UAE resident (20%)
- AED 324,000
- Deposit, non-resident (40%)
- AED 648,000
- Monthly over 25 years at 3.7%
- AED 6,628
Plus AED 73,050 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →