3-bed · 2,438 sqftMarina Residences 1, Palm Jumeirah · 2nd floor · completed 2009

205, Marina Residences 1

Sold prices and rental history: sold once, by the developer in March 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 205 · DLD and Ejari recordsUpdated 23 December 2022
Last soldAED 1.71M3 March 2010
Current rentAED 157K /yr23 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 205, Marina Residences 1

What is 205 worth today?

Last sold for AED 1,713,500 in 2010

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23 Dec 2022RentedNew contract
AED 157,300/yr12 months · AED 65 per sqft
23 Dec 2021RentedRenewal
AED 143,000/yr12 months · AED 59 per sqft
23 Dec 2020RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
5 Sep 2019RentedNew contract
AED 145,000/yr12 months · AED 59 per sqft
20 Jun 2018RentedRenewal
AED 160,000/yr12 months · AED 65 per sqft
20 Jun 2017RentedNew contract
AED 160,000/yr12 months · AED 65 per sqft
23 May 2017RentedNew contract · flagged as an outlier
AED 50,000/yr12 months · AED 20 per sqft
1 Sep 2015RentedNew contract · flagged as an outlier
AED 50,000/yr12 months · AED 20 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 December 2022.

Key facts

Type
3-bed apartment
Size
2,438 sqft
Floor
2nd of 14
Parking
1-B78
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,600 /yr
Last sold
AED 1.71M · March 2010

About 205, Marina Residences 1

205 is a three-bedroom apartment of 2,438 sqft on the 2nd floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 3 March 2010 for AED 1,713,500, or AED 702 per sqft, 41% below the AED 1,190 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 23 December 2022, is AED 157,300 a year: a gross yield of 9.2% on the 2010 price, before the service charge of about AED 40,600 a year.

Sales and rents for 205 over time

Sales
Unit 205, each saleTypical three-bed in Marina Residences 1
2M4M20092013201720212025Typical sale price by year: 2009 AED 4,251,200; 2010 AED 3,556,950; 2011 AED 3,862,200; 2012 AED 2,664,750; 2013 AED 3,500,000; 2014 AED 4,943,650; 2015 AED 3,800,000; 2017 AED 4,675,000; 2019 AED 2,900,000; 2021 AED 3,325,000; 2022 AED 3,600,000; 2023 AED 4,400,000; 2024 AED 4,275,000Sold by developer, March 2010: AED 1,713,500 (AED 702 per sqft)

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

Rents
Unit 205, each contractTypical three-bed in Marina Residences 1
100K200K300K2012201620202024Typical rent by year: 2012 AED 195,000; 2013 AED 207,500; 2014 AED 234,975; 2015 AED 240,000; 2016 AED 234,100; 2017 AED 197,770; 2018 AED 180,000; 2019 AED 160,000; 2020 AED 150,000; 2021 AED 170,000; 2022 AED 180,000; 2023 AED 211,000; 2024 AED 278,250; 2025 AED 297,500New contract, June 2017: AED 160,000 a yearRenewal, June 2018: AED 160,000 a yearNew contract, September 2019: AED 145,000 a yearNew contract, December 2020: AED 130,000 a yearRenewal, December 2021: AED 143,000 a yearNew contract, December 2022: AED 157,300 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Marina Residences 1, and where 205 sits

All 48 3-beds →

205 last sold in March 2010 at AED 702 per sqft, 41% below what three-beds in Marina Residences 1 were fetching at the time (AED 1,190). Over the last 12 months three-beds sold for AED 11,375,000, around AED 2,806 per sqft, and rent for AED 278,300 to 315,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
12 Jun 20255,650,000
21 Apr 20254,999,999
18 Oct 20244,300,000
12 Sep 20244,250,000
1 3-bed sale in the last 12 months

Marina Residences 1

Building

162 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 2 sold in the last 12 months.

Typical price per sqft
AED 2,303
Typical sale
AED 7.29M
Typical rent
AED 212K /yr
Typical yield
5.0%
Marina Residences 1, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 162 units in Marina Residences 1
Value
2012-bedAED 1.85M · Apr 2018
2022-bedAED 2.25M · Aug 2013
2032-bedAED 2.6M · Oct 2015
2042-bedAED 2.72M · Nov 2010
2063-bedAED 5.77M · Nov 2010
2073-bedAED 3.36M · Feb 2022
2082-bedAED 2.55M · Apr 2013
1–7 of 10

205, Marina Residences 1 in numbers

  • Sold once: by The Palm - Jumeirah Co on 3 March 2010 for AED 1,713,500, or AED 702 per sqft.
  • Rented since September 2015 on 8 Ejari contracts, from AED 50,000 to AED 157,300 a year.
  • At AED 157,300 a year the gross yield on the 2010 price is 9.2%, before a service charge of about AED 40,600 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 1 sold for AED 11,375,000–11,375,000 in the 12 months to November 2026; the building's median across all types is AED 2,303 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 23 December 2022.

Questions about 205, Marina Residences 1

What did unit 205 last sell for?

AED 1,713,500 on 3 March 2010, sold by the developer: AED 702 per sqft for 2,438 sqft. It is the only registered sale of the unit.

What is the rent for unit 205?

AED 157,300 a year on the contract signed on 23 December 2022. The previous contract, from December 2021, was AED 143,000; the unit has been rented since September 2015.

How big is unit 205?

2,438 sqft (226.5 sqm): a three-bedroom apartment on the 2nd floor of a 14-storey tower completed in 2009.

What is unit 205 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Marina Residences 1 sold for AED 11,375,000 to 11,375,000 in the last 12 months, around AED 2,806 per sqft.

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Mortgage on 205, Marina Residences 1

Starts from the last sale price (AED 1.71M, 3 March 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,713,500
Deposit, UAE resident (20%)
AED 342,700
Deposit, non-resident (40%)
AED 685,400
Monthly over 25 years at 3.7%
AED 7,010

Plus AED 76,977 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →