306, Marina Residences 1
Sold prices and rental history: sold 3 times, last in February 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 306, Marina Residences 1
What is 306 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 4,053 sqft
- Floor
- 3rd of 14
- Parking
- CB1+83+ CB1+84
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 67,600 /yr
- Last sold
- AED 4.5M · February 2022
- Building
- Marina Residences 1
About 306, Marina Residences 1
306 is a three-bedroom apartment of 4,053 sqft on the 3rd floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 15 February 2022 for AED 4,500,000, or AED 1,110 per sqft, 6% below the AED 1,184 three-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 15 November 2024, is AED 410,000 a year: a gross yield of 9.1% on the 2022 price, before the service charge of about AED 67,600 a year.
Sales and rents for 306 over time
306 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 306 sits
All 48 3-beds →306 last sold in February 2022 at AED 1,110 per sqft, 6% below what three-beds in Marina Residences 1 were fetching at the time (AED 1,184). 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Jun 202512 June 2025 | 2,439 sqft | 5,650,000 | 2,316 | ||
| 21 Apr 202521 April 2025 | 2,751 sqft | 4,999,999 | 1,817 | ||
| 18 Oct 202418 October 2024 | 2,439 sqft | 4,300,000 | 1,763 | ||
| 12 Sep 202412 September 2024 | 2,736 sqft | 4,250,000 | 1,553 |
Marina Residences 1
Building162 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%
Other units on the 3rd floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,950 sqft | AED 2.4MAED 2,400,000 · May 2023May 2023 | 115,000 /yr | |
| 302 | 2-bed | 2,041 sqft | AED 2.88MAED 2,875,000 · Apr 2023April 2023 | 120,000 /yr | |
| 303 | 2-bed | 1,935 sqft | AED 1.28MAED 1,275,000 · Aug 2020August 2020 | 215,000 /yr | |
| 304 | 2-bed | 1,858 sqft | AED 3.63MAED 3,625,000 · May 2025May 2025 | 195,000 /yr | |
| 305 | 3-bed | 2,440 sqft | AED 3.5MAED 3,500,000 · Jun 2013June 2013 | 275,000 /yr | |
| 307 | 3-bed | 2,440 sqft | AED 3.26MAED 3,260,000 · Nov 2010November 2010 | ||
| 308 | 1,858 sqft | AED 4.95MAED 4,950,000 · Oct 2025October 2025 | 280,000 /yr | ||
| 309 | 2-bed | 1,935 sqft | AED 3.55MAED 3,550,000 · Jul 2024July 2024 | 225,000 /yr | |
| 310 | 2-bed | 2,041 sqft | AED 2.6MAED 2,600,000 · Jan 2022January 2022 | 280,000 /yr | |
| 311 | 2-bed | 1,950 sqft | AED 2.3MAED 2,300,000 · Jul 2013July 2013 |
306, Marina Residences 1 in numbers
- Sold 3 times: first on 8 February 2010 for AED 4,560,000, last on 15 February 2022 for AED 4,500,000 (AED 1,110 per sqft).
- Rented since September 2016 on 5 Ejari contracts. The rent fell from AED 300,000 to AED 180,000 in 2020 and recovered to AED 410,000 by November 2024.
- At AED 410,000 a year the gross yield on the 2022 price is 9.1%, before a service charge of about AED 67,600 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 15 November 2024.
Questions about 306, Marina Residences 1
What did unit 306 last sell for?
AED 4,500,000 on 15 February 2022: AED 1,110 per sqft for 4,053 sqft. The unit has 3 registered sales; the first was AED 4,560,000 in February 2010.
What is the rent for unit 306?
AED 410,000 a year on the contract signed on 15 November 2024. The previous contract, from November 2023, was AED 410,000; the unit has been rented since September 2016.
How big is unit 306?
4,053 sqft (376.5 sqm): a three-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.
What is unit 306 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 306, Marina Residences 1
Starts from the last sale price (AED 4.5M, 15 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus AED 194,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →