2-bed · 1,664 sqftPaloma 3, Dubai Marina · 20th floor · completed 2008

2003, Paloma 3

Sold prices and rental history: sold 4 times, last in January 2024, and rented once, from November 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2003 · DLD and Ejari recordsUpdated 12 January 2024
Last soldAED 3.7M12 January 2024
Current rentAED 195K /yr6 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2003, Paloma 3

What is 2003 worth today?

Last sold for AED 3,700,000 in 2024

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12 Jan 2024SoldReady
AED 3,700,000AED 2,223 per sqft
28 Jul 2022SoldReady
AED 2,700,000AED 1,622 per sqft
6 Nov 2013RentedNew contract
AED 195,000/yr12 months · AED 117 per sqft
10 May 2011SoldReady
AED 1,950,000AED 1,171 per sqft
7 Jul 2010Sold by developerReady
AED 1,922,888AED 1,155 per sqft

Source: Dubai Land Department. Updated 12 January 2024.

Key facts

Type
2-bed apartment
Size
1,664 sqft
Floor
20th of 38
Parking
P1 - 1256
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 3.7M · January 2024
Building
Paloma 3

About 2003, Paloma 3

2003 is a two-bedroom apartment of 1,664 sqft on the 20th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 12 January 2024 for AED 3,700,000, or AED 2,223 per sqft, 10% above the AED 2,013 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 6 November 2013. The current contract, signed on 6 November 2013, is AED 195,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 33,000 a year.

Sales and rents for 2003 over time

Sales
Unit 2003, each saleTypical two-bed in Paloma 3
2M3M4M2009201420192024Typical 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, July 2010: AED 1,922,888 (AED 1,155 per sqft)Sold, May 2011: AED 1,950,000 (AED 1,171 per sqft)Sold, July 2022: AED 2,700,000 (AED 1,622 per sqft)Sold, January 2024: AED 3,700,000 (AED 2,223 per sqft)

2003 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2003, each contractTypical two-bed in Paloma 3
150K200K2013201720212025Typical 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, November 2013: AED 195,000 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 2003 sits

All 71 2-beds →

2003 last sold in January 2024 at AED 2,223 per sqft, 10% above what two-beds in Paloma 3 were fetching at the time (AED 2,013). 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. 2003's AED 195,000 is in the upper half 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 20th floor

All 181 units in Paloma 3
Value
20012-bedAED 2.6M · Aug 2016
20023-bedAED 2.27M · Mar 2013
20041-bedAED 881K · Feb 2011
20051-bedAED 1.2M · Jul 2013

2003, Paloma 3 in numbers

  • Sold 4 times: first on 7 July 2010 for AED 1,922,888, last on 12 January 2024 for AED 3,700,000 (AED 2,223 per sqft).
  • Rented since November 2013 on one Ejari contract, at AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 33,000 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 12 January 2024.

Questions about 2003, Paloma 3

What did unit 2003 last sell for?

AED 3,700,000 on 12 January 2024: AED 2,223 per sqft for 1,664 sqft. The unit has 4 registered sales; the first was AED 1,922,888 in July 2010.

What is the rent for unit 2003?

AED 195,000 a year on the contract signed on 6 November 2013.

How big is unit 2003?

1,664 sqft (154.6 sqm): a two-bedroom apartment on the 20th floor of a 38-storey tower completed in 2008.

What is unit 2003 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 2003, Paloma 3

Starts from the last sale price (AED 3.7M, 12 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

Plus AED 160,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →