1604, Paloma 3
Sold prices and rental history: sold 4 times, last in January 2025, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1604, Paloma 3
What is 1604 worth today?
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Source: Dubai Land Department. Updated 13 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 891 sqft
- Floor
- 16th of 38
- Parking
- P1 - 1201
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 17,700 /yr
- Last sold
- AED 2.05M · January 2025
- Building
- Paloma 3
About 1604, Paloma 3
1604 is a one-bedroom apartment of 891 sqft on the 16th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 13 January 2025 for AED 2,050,000, or AED 2,300 per sqft, 9% above the AED 2,101 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 June 2024, is AED 120,000 a year: a gross yield of 5.9% on the 2025 price, before the service charge of about AED 17,700 a year.
Sales and rents for 1604 over time
1604 has sold 4 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paloma 3, and where 1604 sits
All 65 1-beds →1604 last sold in January 2025 at AED 2,300 per sqft, 9% above what one-beds in Paloma 3 were fetching at the time (AED 2,101). 1604's AED 120,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 May 20257 May 2025 | 1,036 sqft | 1,970,000 | 1,901 | ||
| 8 Apr 20258 April 2025 | 891 sqft | 2,300,000 | 2,581 | ||
| 28 Mar 202528 March 2025 | 1,036 sqft | 1,915,000 | 1,848 | ||
| 22 Oct 202422 October 2024 | 1,036 sqft | 2,000,000 | 1,930 |
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 16th floor
All 181 units in Paloma 31604, Paloma 3 in numbers
- Sold 4 times: first on 15 September 2009 for AED 428,444, last on 13 January 2025 for AED 2,050,000 (AED 2,300 per sqft).
- Rented since September 2013 on 10 Ejari contracts. The rent fell from AED 115,000 to AED 85,000 in 2022 and recovered to AED 120,000 by June 2024.
- At AED 120,000 a year the gross yield on the 2025 price is 5.9%, before a service charge of about AED 17,700 a year (AED 19.81 per sqft).
Source: Dubai Land Department. Updated 13 January 2025.
Questions about 1604, Paloma 3
What did unit 1604 last sell for?
AED 2,050,000 on 13 January 2025: AED 2,300 per sqft for 891 sqft. The unit has 4 registered sales; the first was AED 428,444 in September 2009.
What is the rent for unit 1604?
AED 120,000 a year on the contract signed on 1 June 2024. The previous contract, from August 2023, was AED 93,783; the unit has been rented since September 2013.
How big is unit 1604?
891 sqft (82.8 sqm): a one-bedroom apartment on the 16th floor of a 38-storey tower completed in 2008.
What is unit 1604 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 1604, Paloma 3
Starts from the last sale price (AED 2.05M, 13 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus AED 91,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →