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2-bed · 1,627 sqftPaloma 3, Dubai Marina · 37th floor · completed 2008

3703, Paloma 3

Sold prices and rental history: sold twice, last in November 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3703 · DLD and Ejari recordsUpdated 1 November 2016
Last soldAED 2.9M1 November 2016
Current rentAED 175K /yr19 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3703, Paloma 3

What is 3703 worth today?

Last sold for AED 2,900,000 in 2016

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1 Nov 2016SoldReady
AED 2,900,000AED 1,782 per sqft
19 Sep 2015RentedNew contract
AED 175,000/yr12 months · AED 108 per sqft
19 Sep 2013RentedNew contract
AED 165,000/yr12 months · AED 102 per sqft
18 Aug 2010Sold by developerReady
AED 1,839,888AED 1,130 per sqft

Source: Dubai Land Department. Updated 1 November 2016.

Key facts

Type
2-bed apartment
Size
1,627 sqft
Floor
37th of 38
Parking
P1 - 1243
Developer
Emaar
Completed
2008
Service charge
AED 32,200 /yr
Last sold
AED 2.9M · November 2016
Building
Paloma 3

About 3703, Paloma 3

3703 is a two-bedroom apartment of 1,627 sqft on the 37th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 1 November 2016 for AED 2,900,000, or AED 1,782 per sqft, in line with the AED 1,767 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 19 September 2015, is AED 175,000 a year: a gross yield of 6.0% on the 2016 price, before the service charge of about AED 32,200 a year.

Sales and rents for 3703 over time

Sales
Unit 3703, 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 1,839,888 (AED 1,130 per sqft)Sold, November 2016: AED 2,900,000 (AED 1,782 per sqft)

3703 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3703, each contractTypical two-bed in Paloma 3
125K150K175K2013201720212025Typical 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, September 2013: AED 165,000 a yearNew contract, September 2015: AED 175,000 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 3703 sits

All 71 2-beds →

3703 last sold in November 2016 at AED 1,782 per sqft, in line with what two-beds in Paloma 3 were fetching at the time (AED 1,767). 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. 3703's AED 175,000 is in the lower 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 37th floor

All 181 units in Paloma 3
Value
3701StudioAED 1.63M · Nov 2024
37021-bedAED 1.08M · Jun 2010
37042-bedAED 1.8M · Feb 2012
37052-bedAED 3.1M · Nov 2014

3703, Paloma 3 in numbers

  • Sold twice: first on 18 August 2010 for AED 1,839,888, last on 1 November 2016 for AED 2,900,000 (AED 1,782 per sqft).
  • Rented since September 2013 on 2 Ejari contracts, from AED 165,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2016 price is 6.0%, before a service charge of about AED 32,200 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 1 November 2016.

Questions about 3703, Paloma 3

What did unit 3703 last sell for?

AED 2,900,000 on 1 November 2016: AED 1,782 per sqft for 1,627 sqft. The unit has 2 registered sales; the first was AED 1,839,888 in August 2010.

What is the rent for unit 3703?

AED 175,000 a year on the contract signed on 19 September 2015. The previous contract, from September 2013, was AED 165,000.

How big is unit 3703?

1,627 sqft (151.2 sqm): a two-bedroom apartment on the 37th floor of a 38-storey tower completed in 2008.

What is unit 3703 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 3703, Paloma 3

Starts from the last sale price (AED 2.9M, 1 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →