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

303, Paloma 3

Sold prices and rental history: sold 3 times, last in July 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 22 August 2023
Last soldAED 2.75M14 July 2021
Current rentAED 215K /yr22 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Paloma 3

What is 303 worth today?

Last sold for AED 2,750,000 in 2021

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22 Aug 2023RentedNew contract
AED 215,000/yr12 months · AED 129 per sqft
14 Jul 2021SoldReady
AED 2,750,000AED 1,652 per sqft
24 Jun 2021SoldReady
AED 2,300,000AED 1,382 per sqft
15 May 2020RentedRenewal
AED 150,000/yr12 months · AED 90 per sqft
15 May 2019RentedRenewal
AED 160,000/yr12 months · AED 96 per sqft
25 Apr 2017RentedNew contract
AED 175,000/yr12 months · AED 105 per sqft
24 Apr 2016RentedNew contract
AED 162,000/yr12 months · AED 97 per sqft
18 Aug 2010Sold by developerReady
AED 1,876,888AED 1,127 per sqft

Source: Dubai Land Department. Updated 22 August 2023.

Key facts

Type
2-bed apartment
Size
1,664 sqft
Floor
3rd of 38
Parking
P1 - 1188
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 2.75M · July 2021
Building
Paloma 3

About 303, Paloma 3

303 is a two-bedroom apartment of 1,664 sqft on the 3rd floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 14 July 2021 for AED 2,750,000, or AED 1,652 per sqft, 20% above the AED 1,382 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 22 August 2023, is AED 215,000 a year: a gross yield of 7.8% on the 2021 price, before the service charge of about AED 33,000 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, August 2010: AED 1,876,888 (AED 1,127 per sqft)Sold, June 2021: AED 2,300,000 (AED 1,382 per sqft)Sold, July 2021: AED 2,750,000 (AED 1,652 per sqft)

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

Rents
Unit 303, 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, April 2016: AED 162,000 a yearNew contract, April 2017: AED 175,000 a yearRenewal, May 2019: AED 160,000 a yearRenewal, May 2020: AED 150,000 a yearNew contract, August 2023: AED 215,000 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 303 sits

All 71 2-beds →

303 last sold in July 2021 at AED 1,652 per sqft, 20% above what two-beds in Paloma 3 were fetching at the time (AED 1,382). 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. 303's AED 215,000 is at the top 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 3rd floor

All 181 units in Paloma 3
Value
3012-bedAED 2.14M · Nov 2011
3023-bedAED 5M · Aug 2010
3041-bedAED 779K · Jun 2009
3051-bedAED 795K · Aug 2010

303, Paloma 3 in numbers

  • Sold 3 times: first on 18 August 2010 for AED 1,876,888, last on 14 July 2021 for AED 2,750,000 (AED 1,652 per sqft).
  • Rented since April 2016 on 5 Ejari contracts, from AED 162,000 to AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2021 price is 7.8%, 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 22 August 2023.

Questions about 303, Paloma 3

What did unit 303 last sell for?

AED 2,750,000 on 14 July 2021: AED 1,652 per sqft for 1,664 sqft. The unit has 3 registered sales; the first was AED 1,876,888 in August 2010.

What is the rent for unit 303?

AED 215,000 a year on the contract signed on 22 August 2023. The previous contract, from May 2020, was AED 150,000; the unit has been rented since April 2016.

How big is unit 303?

1,664 sqft (154.6 sqm): a two-bedroom apartment on the 3rd floor of a 38-storey tower completed in 2008.

What is unit 303 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 303, Paloma 3

Starts from the last sale price (AED 2.75M, 14 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

Plus AED 120,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →