409, Marina Residences 1
Sold prices and rental history: sold twice, last in March 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, Marina Residences 1
What is 409 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,928 sqft
- Floor
- 4th of 14
- Parking
- 1-B51
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 32,100 /yr
- Last sold
- AED 2.3M · March 2022
- Building
- Marina Residences 1
About 409, Marina Residences 1
409 is a two-bedroom apartment of 1,928 sqft on the 4th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 31 March 2022 for AED 2,300,000, or AED 1,193 per sqft, in line with the AED 1,167 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 9 May 2024, is AED 210,000 a year: a gross yield of 9.1% on the 2022 price, before the service charge of about AED 32,100 a year.
Sales and rents for 409 over time
409 has sold twice; 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 Marina Residences 1, and where 409 sits
All 102 2-beds →409 last sold in March 2022 at AED 1,193 per sqft, in line with what two-beds in Marina Residences 1 were fetching at the time (AED 1,167). Over the last 12 months two-beds sold for AED 3,200,000, around AED 1,799 per sqft, and rent for AED 158,700 to 310,000 a year. 409's AED 210,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 1,778 sqft | 3,200,000 | 1,799 | ||
| 4 Jul 20254 July 2025 | 1,870 sqft | 3,650,000 | 1,951 | ||
| 1 Jul 20251 July 2025 | 2,045 sqft | 3,950,000 | 1,931 | ||
| 22 May 202522 May 2025 | 1,858 sqft | 3,625,000 | 1,951 |
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 4th floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,936 sqft | AED 3.58MAED 3,575,000 · Feb 2025February 2025 | 128,000 /yr | |
| 402 | 2-bed | 867 sqft | AED 2.87MAED 2,868,500 · Dec 2011December 2011 | 178,500 /yr | |
| 403 | 2-bed | 1,928 sqft | AED 2.97MAED 2,972,400 · Nov 2011November 2011 | 132,632 /yr | |
| 404 | 2-bed | 1,867 sqft | AED 2.4MAED 2,400,000 · Aug 2013August 2013 | 196,875 /yr | |
| 405 | 3-bed | 2,440 sqft | AED 3.61MAED 3,613,900 · Nov 2010November 2010 | 300,000 /yr | |
| 406 | 4,054 sqft | AED 11.38MAED 11,375,000 · Nov 2025November 2025 | 218,000 /yr | ||
| 407 | 3-bed | 2,440 sqft | AED 3.61MAED 3,613,900 · Jun 2011June 2011 | ||
| 408 | 2-bed | 1,867 sqft | AED 2.85MAED 2,847,900 · Nov 2010November 2010 | 140,000 /yr | |
| 410 | 2-bed | 1,734 sqft | AED 1.45MAED 1,450,000 · Mar 2023March 2023 | 140,000 /yr | |
| 411 | 2-bed | 1,936 sqft | AED 2.2MAED 2,200,000 · Jun 2022June 2022 | 90,000 /yr |
409, Marina Residences 1 in numbers
- Sold twice: first on 3 March 2010 for AED 2,710,000, last on 31 March 2022 for AED 2,300,000 (AED 1,193 per sqft).
- Rented since December 2012 on 11 Ejari contracts. The rent fell from AED 145,000 to AED 100,000 in 2021 and recovered to AED 210,000 by May 2024.
- At AED 210,000 a year the gross yield on the 2022 price is 9.1%, before a service charge of about AED 32,100 a year (AED 16.67 per sqft).
- Two-beds in Marina Residences 1 sold for AED 3,200,000–3,200,000 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 9 May 2024.
Questions about 409, Marina Residences 1
What did unit 409 last sell for?
AED 2,300,000 on 31 March 2022: AED 1,193 per sqft for 1,928 sqft. The unit has 2 registered sales; the first was AED 2,710,000 in March 2010.
What is the rent for unit 409?
AED 210,000 a year on the contract renewed on 9 May 2024. The previous contract, from May 2023, was AED 210,000; the unit has been rented since December 2012.
How big is unit 409?
1,928 sqft (179.1 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower completed in 2009.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Residences 1 sold for AED 3,200,000 to 3,200,000 in the last 12 months, around AED 1,799 per sqft.
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Mortgage on 409, Marina Residences 1
Starts from the last sale price (AED 2.3M, 31 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →