2704, Paloma 3
Sold prices and rental history: sold once, by the developer in December 2009, 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 2704, Paloma 3
What is 2704 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 891 sqft
- Floor
- 27th of 38
- Parking
- P4 - 4179
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 17,700 /yr
- Last sold
- AED 923K · December 2009
- Building
- Paloma 3
About 2704, Paloma 3
2704 is a one-bedroom apartment of 891 sqft on the 27th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 28 December 2009 for AED 922,888, or AED 1,035 per sqft, 4% above the AED 995 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 119,358 a year: a gross yield of 12.9% on the 2009 price, before the service charge of about AED 17,700 a year.
Sales and rents for 2704 over time
2704 has sold once; 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 2704 sits
All 65 1-beds →2704 last sold in December 2009 at AED 1,035 per sqft, 4% above what one-beds in Paloma 3 were fetching at the time (AED 995). 2704's AED 119,358 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 | ||
| 13 Jan 202513 January 2025 | 891 sqft | 2,050,000 | 2,300 |
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 27th floor
All 181 units in Paloma 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2701 | 2-bed | 1,443 sqft | AED 2.03MAED 2,025,000 · Jul 2021July 2021 | 195,000 /yr | |
| 2702 | 3-bed | 2,098 sqft | AED 3.9MAED 3,900,000 · Apr 2023April 2023 | 150,000 /yr | |
| 2703 | 2-bed | 1,664 sqft | AED 1.7MAED 1,700,000 · Jul 2010July 2010 | 200,000 /yr | |
| 2705 | 1-bed | 1,036 sqft | AED 930KAED 929,888 · Aug 2010August 2010 | 95,000 /yr |
2704, Paloma 3 in numbers
- Sold once: by Emaar on 28 December 2009 for AED 922,888, or AED 1,035 per sqft.
- Rented since October 2014 on 7 Ejari contracts. The rent fell from AED 122,000 to AED 75,000 in 2021 and recovered to AED 119,358 by July 2024.
- At AED 119,358 a year the gross yield on the 2009 price is 12.9%, before a service charge of about AED 17,700 a year (AED 19.81 per sqft).
Source: Dubai Land Department. Updated 1 July 2024.
Questions about 2704, Paloma 3
What did unit 2704 last sell for?
AED 922,888 on 28 December 2009, sold by the developer: AED 1,035 per sqft for 891 sqft. It is the only registered sale of the unit.
What is the rent for unit 2704?
AED 119,358 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 110,000; the unit has been rented since October 2014.
How big is unit 2704?
891 sqft (82.8 sqm): a one-bedroom apartment on the 27th floor of a 38-storey tower completed in 2008.
What is unit 2704 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 2704, Paloma 3
Starts from the last sale price (AED 923K, 28 December 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 922,888
- Deposit, UAE resident (20%)
- AED 184,578
- Deposit, non-resident (40%)
- AED 369,155
- Monthly over 25 years at 3.7%
- AED 3,776
Plus AED 43,772 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →