508, Marina Residences 1
Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Marina Residences 1
What is 508 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 21 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,746 sqft
- Floor
- 5th of 14
- Parking
- CB1+99
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 29,100 /yr
- Last sold
- AED 2.78M · April 2011
- Building
- Marina Residences 1
About 508, Marina Residences 1
508 is a two-bedroom apartment of 1,746 sqft on the 5th 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 26 April 2011 for AED 2,780,000, or AED 1,592 per sqft, in line with the AED 1,569 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 21 March 2025, is AED 210,000 a year: a gross yield of 7.5% on the 2011 price, before the service charge of about AED 29,100 a year.
Sales and rents for 508 over time
508 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 Marina Residences 1, and where 508 sits
All 102 2-beds →508 last sold in April 2011 at AED 1,592 per sqft, in line with what two-beds in Marina Residences 1 were fetching at the time (AED 1,569). 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. 508'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 5th floor
All 162 units in Marina Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,870 sqft | AED 1.25MAED 1,250,000 · Nov 2020November 2020 | 200,000 /yr | |
| 502 | 2-bed | 1,735 sqft | AED 2.91MAED 2,914,100 · Apr 2011April 2011 | 105,000 /yr | |
| 503 | 2-bed | 1,735 sqft | AED 2.85MAED 2,850,000 · May 2024May 2024 | 195,000 /yr | |
| 504 | 2-bed | 1,746 sqft | AED 1.35MAED 1,350,000 · Aug 2023August 2023 | 160,000 /yr | |
| 505 | 3-bed | 1,219 sqft | AED 3.67MAED 3,673,100 · Mar 2011March 2011 | 100,000 /yr | |
| 506 | 3-bed | 4,053 sqft | AED 4.8MAED 4,800,000 · Jun 2021June 2021 | 420,000 /yr | |
| 507 | 3-bed | 2,439 sqft | AED 3.35MAED 3,350,000 · May 2021May 2021 | 295,000 /yr | |
| 509 | 2-bed | 1,735 sqft | AED 3.9MAED 3,900,000 · Apr 2025April 2025 | 227,000 /yr | |
| 510 | 2-bed | 1,735 sqft | AED 2.53MAED 2,525,000 · Jan 2023January 2023 | 156,000 /yr | |
| 511 | 2-bed | 1,870 sqft | AED 2.54MAED 2,543,900 · May 2010May 2010 | 212,000 /yr |
508, Marina Residences 1 in numbers
- Sold once: by The Palm - Jumeirah Co on 26 April 2011 for AED 2,780,000, or AED 1,592 per sqft.
- Rented since January 2019 on 7 Ejari contracts. The rent fell from AED 145,000 to AED 120,000 in 2021 and recovered to AED 210,000 by March 2025.
- At AED 210,000 a year the gross yield on the 2011 price is 7.5%, before a service charge of about AED 29,100 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 21 March 2025.
Questions about 508, Marina Residences 1
What did unit 508 last sell for?
AED 2,780,000 on 26 April 2011, sold by the developer: AED 1,592 per sqft for 1,746 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 210,000 a year on the contract renewed on 21 March 2025. The previous contract, from March 2024, was AED 190,000; the unit has been rented since January 2019.
How big is unit 508?
1,746 sqft (162.2 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.
What is unit 508 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 508, Marina Residences 1
Starts from the last sale price (AED 2.78M, 26 April 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,780,000
- Deposit, UAE resident (20%)
- AED 556,000
- Deposit, non-resident (40%)
- AED 1,112,000
- Monthly over 25 years at 3.7%
- AED 11,374
Plus AED 121,770 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →