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1-bed · 1,036 sqftPaloma 3, Dubai Marina · 3rd floor · completed 2008

305, Paloma 3

Sold prices and rental history: sold once, by the developer in August 2010, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 7 August 2021
Last soldAED 795K18 August 2010
Current rentAED 74K /yr7 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Paloma 3

What is 305 worth today?

Last sold for AED 794,888 in 2010

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7 Aug 2021RentedRenewal
AED 74,000/yr12 months · AED 72 per sqft
7 Aug 2018RentedRenewal
AED 90,000/yr12 months · AED 87 per sqft
7 Aug 2017RentedNew contract
AED 95,000/yr12 months · AED 92 per sqft
18 Aug 2010Sold by developerReady
AED 794,888AED 767 per sqft

Source: Dubai Land Department. Updated 7 August 2021.

Key facts

Type
1-bed apartment
Size
1,036 sqft
Floor
3rd of 38
Parking
P1 - 1214
Developer
Emaar
Completed
2008
Service charge
AED 20,500 /yr
Last sold
AED 795K · August 2010
Building
Paloma 3

About 305, Paloma 3

305 is a one-bedroom apartment of 1,036 sqft on the 3rd floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 18 August 2010 for AED 794,888, or AED 767 per sqft, 22% below the AED 987 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 7 August 2021, is AED 74,000 a year: a gross yield of 9.3% on the 2010 price, before the service charge of about AED 20,500 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical one-bed in Paloma 3
1M2M2009201420192024Typical sale price by year: 2009 AED 909,013; 2010 AED 914,888; 2011 AED 1,133,000; 2012 AED 1,000,000; 2013 AED 1,325,000; 2014 AED 1,950,000; 2015 AED 1,750,000; 2017 AED 1,640,000; 2019 AED 950,000; 2020 AED 700,000; 2021 AED 1,400,000; 2022 AED 1,575,000; 2023 AED 1,865,000; 2024 AED 2,000,000; 2025 AED 2,010,000Sold by developer, August 2010: AED 794,888 (AED 767 per sqft)

305 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 305, each contractTypical one-bed in Paloma 3
75K100K125K2012201620202024Typical rent by year: 2012 AED 97,500; 2013 AED 107,000; 2014 AED 117,750; 2015 AED 122,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 85,000; 2022 AED 89,250; 2023 AED 101,500; 2024 AED 115,000; 2025 AED 111,000; 2026 AED 114,200New contract, August 2017: AED 95,000 a yearRenewal, August 2018: AED 90,000 a yearRenewal, August 2021: AED 74,000 a year

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 305 sits

All 65 1-beds →

305 last sold in August 2010 at AED 767 per sqft, 22% below what one-beds in Paloma 3 were fetching at the time (AED 987). 305's AED 74,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 May 20251,970,000
8 Apr 20252,300,000
28 Mar 20251,915,000
13 Jan 20252,050,000
0 1-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
3032-bedAED 2.75M · Jul 2021
3041-bedAED 779K · Jun 2009

305, Paloma 3 in numbers

  • Sold once: by Emaar on 18 August 2010 for AED 794,888, or AED 767 per sqft.
  • Rented since August 2017 on 3 Ejari contracts, from AED 95,000 to AED 74,000 a year.
  • At AED 74,000 a year the gross yield on the 2010 price is 9.3%, before a service charge of about AED 20,500 a year (AED 19.81 per sqft).

Source: Dubai Land Department. Updated 7 August 2021.

Questions about 305, Paloma 3

What did unit 305 last sell for?

AED 794,888 on 18 August 2010, sold by the developer: AED 767 per sqft for 1,036 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 74,000 a year on the contract renewed on 7 August 2021. The previous contract, from August 2018, was AED 90,000; the unit has been rented since August 2017.

How big is unit 305?

1,036 sqft (96.2 sqm): a one-bedroom apartment on the 3rd floor of a 38-storey tower completed in 2008.

What is unit 305 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 305, Paloma 3

Starts from the last sale price (AED 795K, 18 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 794,888
Deposit, UAE resident (20%)
AED 158,978
Deposit, non-resident (40%)
AED 317,955
Monthly over 25 years at 3.7%
AED 3,252

Plus AED 38,396 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →