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1-bed · 891 sqftPaloma 3, Dubai Marina · 5th floor · completed 2008

504, Paloma 3

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 30 October 2023
Last soldAED 1.88M30 October 2023
Current rentAED 85K /yr24 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, Paloma 3

What is 504 worth today?

Last sold for AED 1,880,000 in 2023

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30 Oct 2023SoldReady
AED 1,880,000AED 2,109 per sqft
24 May 2023RentedRenewal
AED 84,772/yr12 months · AED 95 per sqft
24 May 2022RentedRenewal
AED 85,000/yr12 months · AED 95 per sqft
24 May 2021RentedNew contract
AED 85,000/yr12 months · AED 95 per sqft
29 Apr 2020RentedNew contract
AED 80,000/yr13 months · AED 90 per sqft
13 Apr 2019RentedNew contract
AED 100,000/yr12 months · AED 112 per sqft
3 Dec 2018RentedNew contract
AED 102,000/yr12 months · AED 114 per sqft
5 Nov 2017RentedNew contract
AED 107,701/yr12 months · AED 121 per sqft

Source: Dubai Land Department. Updated 30 October 2023.

Key facts

Type
1-bed apartment
Size
891 sqft
Floor
5th of 38
Parking
P1 - 1223
Developer
Emaar
Completed
2008
Service charge
AED 17,700 /yr
Last sold
AED 1.88M · October 2023
Building
Paloma 3

About 504, Paloma 3

504 is a one-bedroom apartment of 891 sqft on the 5th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 30 October 2023 for AED 1,880,000, or AED 2,109 per sqft.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 24 May 2023, is AED 84,772 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 17,700 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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, June 2009: AED 1,200,000 (AED 1,346 per sqft)Sold, June 2009: AED 790,888 (AED 887 per sqft)Sold, October 2023: AED 1,880,000 (AED 2,109 per sqft)

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

Rents
Unit 504, 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, June 2013: AED 95,000 a yearNew contract, November 2017: AED 107,701 a yearNew contract, December 2018: AED 102,000 a yearNew contract, April 2019: AED 100,000 a yearNew contract, April 2020: AED 80,000 a yearNew contract, May 2021: AED 85,000 a yearRenewal, May 2022: AED 85,000 a yearRenewal, May 2023: AED 84,772 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 504 sits

All 65 1-beds →

504's AED 84,772 is in the lower half 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 5th floor

All 181 units in Paloma 3
Value
5012-bedAED 2.73M · May 2024
5023-bedAED 3.13M · Nov 2011
5032-bedAED 2.3M · Sep 2020
5051-bedAED 1.58M · Oct 2022

504, Paloma 3 in numbers

  • Sold 3 times: first on 3 June 2009 for AED 790,888, last on 30 October 2023 for AED 1,880,000 (AED 2,109 per sqft).
  • Rented since June 2013 on 8 Ejari contracts, from AED 95,000 to AED 84,772 a year.
  • At AED 84,772 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 17,700 a year (AED 19.81 per sqft).

Source: Dubai Land Department. Updated 30 October 2023.

Questions about 504, Paloma 3

What did unit 504 last sell for?

AED 1,880,000 on 30 October 2023: AED 2,109 per sqft for 891 sqft. The unit has 3 registered sales; the first was AED 790,888 in June 2009.

What is the rent for unit 504?

AED 84,772 a year on the contract renewed on 24 May 2023. The previous contract, from May 2022, was AED 85,000; the unit has been rented since June 2013.

How big is unit 504?

891 sqft (82.8 sqm): a one-bedroom apartment on the 5th floor of a 38-storey tower completed in 2008.

What is unit 504 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 504, Paloma 3

Starts from the last sale price (AED 1.88M, 30 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,880,000
Deposit, UAE resident (20%)
AED 376,000
Deposit, non-resident (40%)
AED 752,000
Monthly over 25 years at 3.7%
AED 7,692

Plus AED 83,970 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →