701, Paloma 3
Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Paloma 3
What is 701 worth today?
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Source: Dubai Land Department. Updated 19 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,443 sqft
- Floor
- 7th of 38
- Parking
- P2 - 2279
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 28,600 /yr
- Last sold
- AED 1.31M · December 2011
- Building
- Paloma 3
About 701, Paloma 3
701 is a two-bedroom apartment of 1,443 sqft on the 7th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. The developer sold it on 27 December 2011 for AED 1,312,888, or AED 909 per sqft, 20% below the AED 1,137 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 19 September 2023, is AED 90,000 a year: a gross yield of 6.9% on the 2011 price, before the service charge of about AED 28,600 a year.
Sales and rents for 701 over time
701 has sold once; the dashed line is the two-bed median of each year in the building.
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 701 sits
All 71 2-beds →701 last sold in December 2011 at AED 909 per sqft, 20% below what two-beds in Paloma 3 were fetching at the time (AED 1,137). 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. 701's AED 90,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 1,664 sqft | 3,100,000 | 1,862 | ||
| 2 Jan 20262 January 2026 | 1,443 sqft | 44,272 | 30 | ||
| 10 Dec 202510 December 2025 | 1,443 sqft | 3,375,000 | 2,338 | ||
| 9 Dec 20259 December 2025 | 1,664 sqft | 4,300,000 | 2,584 |
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 7th floor
All 181 units in Paloma 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 2,098 sqft | AED 3.95MAED 3,950,000 · Feb 2023February 2023 | 190,000 /yr | |
| 703 | 2-bed | 1,664 sqft | AED 1.84MAED 1,844,888 · Dec 2010December 2010 | 150,000 /yr | |
| 704 | 1-bed | 891 sqft | AED 2.3MAED 2,300,000 · Apr 2025April 2025 | 88,000 /yr | |
| 705 | 1-bed | 1,036 sqft | AED 1.97MAED 1,970,000 · May 2025May 2025 | 105,000 /yr |
701, Paloma 3 in numbers
- Sold once: by Emaar on 27 December 2011 for AED 1,312,888, or AED 909 per sqft.
- Rented since January 2015 on 6 Ejari contracts, from AED 100,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2011 price is 6.9%, before a service charge of about AED 28,600 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 19 September 2023.
Questions about 701, Paloma 3
What did unit 701 last sell for?
AED 1,312,888 on 27 December 2011, sold by the developer: AED 909 per sqft for 1,443 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 90,000 a year on the contract renewed on 19 September 2023. The previous contract, from September 2022, was AED 90,000; the unit has been rented since January 2015.
How big is unit 701?
1,443 sqft (134.1 sqm): a two-bedroom apartment on the 7th floor of a 38-storey tower completed in 2008.
What is unit 701 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 701, Paloma 3
Starts from the last sale price (AED 1.31M, 27 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,312,888
- Deposit, UAE resident (20%)
- AED 262,578
- Deposit, non-resident (40%)
- AED 525,155
- Monthly over 25 years at 3.7%
- AED 5,371
Plus AED 60,152 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →