2-bed · 1,667 sqftPaloma 3, Dubai Marina · Ground floor · completed 2008

G03, Paloma 3

Sold prices and rental history: sold 4 times, last in March 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G03 · DLD and Ejari recordsUpdated 22 March 2012
Last soldAED 1.63M22 March 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G03, Paloma 3

What is G03 worth today?

Last sold for AED 1,625,000 in 2012

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22 Mar 2012SoldReady
AED 1,625,000AED 974 per sqft
23 Feb 2011SoldReady
AED 1,625,000AED 974 per sqft
11 Nov 2010Sold by developerReady
AED 1,400,000AED 839 per sqft
11 Nov 2010SoldReady
AED 2,567,888AED 1,540 per sqft

Source: Dubai Land Department. Updated 22 March 2012.

Key facts

Type
2-bed apartment
Size
1,667 sqft
Floor
Ground of 38
Parking
P4 - 4165
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 1.63M · March 2012
Building
Paloma 3

About G03, Paloma 3

G03 is a two-bedroom apartment of 1,667 sqft on the ground floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 22 March 2012 for AED 1,625,000, or AED 974 per sqft, 15% below the AED 1,143 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for G03 over time

Sales
Unit G03, each saleTypical two-bed in Paloma 3
2M4M2009201420192024Typical 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, November 2010: AED 1,400,000 (AED 839 per sqft)Sold, November 2010: AED 2,567,888 (AED 1,540 per sqft)Sold, February 2011: AED 1,625,000 (AED 974 per sqft)Sold, March 2012: AED 1,625,000 (AED 974 per sqft)

G03 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G03, 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 170,000

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 G03 sits

All 71 2-beds →

G03 last sold in March 2012 at AED 974 per sqft, 15% below what two-beds in Paloma 3 were fetching at the time (AED 1,143). 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.

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 ground floor

All 181 units in Paloma 3
Value
G011-bedAED 1.85M · Nov 2017
G023-bedAED 2.2M · Oct 2010

G03, Paloma 3 in numbers

  • Sold 4 times: first on 11 November 2010 for AED 2,567,888, last on 22 March 2012 for AED 1,625,000 (AED 974 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 March 2012.

Questions about G03, Paloma 3

What did unit G03 last sell for?

AED 1,625,000 on 22 March 2012: AED 974 per sqft for 1,667 sqft. The unit has 4 registered sales; the first was AED 2,567,888 in November 2010.

How big is unit G03?

1,667 sqft (154.9 sqm): a two-bedroom apartment on the ground floor of a 38-storey tower completed in 2008.

What is unit G03 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 G03, Paloma 3

Starts from the last sale price (AED 1.63M, 22 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

Plus AED 73,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →