2-bed · 1,950 sqftMarina Residences 2, Palm Jumeirah · 3rd floor · completed 2009

301, Marina Residences 2

Sold prices and rental history: sold twice, last in April 2013, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 15 October 2019
Last soldAED 2.02M10 April 2013
Current rentAED 150K /yr15 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Marina Residences 2

What is 301 worth today?

Last sold for AED 2,020,000 in 2013

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15 Oct 2019RentedRenewal
AED 150,000/yr12 months · AED 77 per sqft
12 May 2016RentedNew contract
AED 165,000/yr12 months · AED 85 per sqft
1 Aug 2014RentedNew contract
AED 200,000/yr12 months · AED 103 per sqft
10 Apr 2013SoldReady
AED 2,020,000AED 1,035 per sqft
2 Mar 2011Sold by developerReady
AED 2,504,400AED 1,284 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 October 2019.

Key facts

Type
2-bed apartment
Size
1,950 sqft
Floor
3rd of 14
Parking
CB1-189
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,500 /yr
Last sold
AED 2.02M · April 2013

About 301, Marina Residences 2

301 is a two-bedroom apartment of 1,950 sqft on the 3rd floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 10 April 2013 for AED 2,020,000, or AED 1,035 per sqft, 18% below the AED 1,260 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 15 October 2019, is AED 150,000 a year: a gross yield of 7.4% on the 2013 price, before the service charge of about AED 32,500 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical two-bed in Marina Residences 2
2M4M2009201420192024Typical sale price by year: 2009 AED 2,823,700; 2010 AED 2,801,650; 2011 AED 2,594,650; 2012 AED 2,404,800; 2013 AED 2,437,000; 2014 AED 2,700,000; 2015 AED 2,605,350; 2017 AED 2,425,000; 2018 AED 2,100,000; 2019 AED 1,680,201; 2020 AED 1,610,000; 2021 AED 2,150,000; 2022 AED 2,427,500; 2023 AED 2,925,000; 2024 AED 3,650,000; 2025 AED 3,950,000Sold by developer, March 2011: AED 2,504,400 (AED 1,284 per sqft)Sold, April 2013: AED 2,020,000 (AED 1,035 per sqft)

301 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 301, each contractTypical two-bed in Marina Residences 2
100K150K200K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 145,000; 2014 AED 165,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 155,000; 2018 AED 141,500; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 132,297; 2023 AED 149,625; 2024 AED 190,000; 2025 AED 200,000; 2026 AED 220,000New contract, August 2014: AED 200,000 a yearNew contract, May 2016: AED 165,000 a yearRenewal, October 2019: AED 150,000 a year

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 2, and where 301 sits

All 102 2-beds →

301 last sold in April 2013 at AED 1,035 per sqft, 18% below what two-beds in Marina Residences 2 were fetching at the time (AED 1,260). Over the last 12 months two-beds sold for AED 4,450,000, around AED 2,564 per sqft, and rent for AED 154,000 to 285,000 a year. 301's AED 150,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Dec 20254,450,000
16 Jun 20254,000,000
30 May 20254,300,000
23 May 20254,180,000
1 2-bed sale in the last 12 months

Marina Residences 2

Building

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

Typical price per sqft
AED 2,747
Typical sale
AED 7.1M
Typical rent
AED 245K /yr
Typical yield
4.5%
Marina Residences 2, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 158 units in Marina Residences 2
Value
3022-bedAED 2.88M · Feb 2013
3032-bedAED 650K · Sep 2011
3042-bedAED 2.86M · Feb 2010
3053-bedAED 2.65M · Jan 2021
3063-bedAED 2.8M · Jul 2019
3073-bedAED 3.26M · May 2012
3082-bedAED 1.43M · Dec 2012
1–7 of 10

301, Marina Residences 2 in numbers

  • Sold twice: first on 2 March 2011 for AED 2,504,400, last on 10 April 2013 for AED 2,020,000 (AED 1,035 per sqft).
  • Rented since August 2014 on 3 Ejari contracts, from AED 200,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2013 price is 7.4%, before a service charge of about AED 32,500 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 2 sold for AED 4,450,000–4,450,000 in the 12 months to November 2026; the building's median across all types is AED 2,747 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 October 2019.

Questions about 301, Marina Residences 2

What did unit 301 last sell for?

AED 2,020,000 on 10 April 2013: AED 1,035 per sqft for 1,950 sqft. The unit has 2 registered sales; the first was AED 2,504,400 in March 2011.

What is the rent for unit 301?

AED 150,000 a year on the contract renewed on 15 October 2019. The previous contract, from May 2016, was AED 165,000; the unit has been rented since August 2014.

How big is unit 301?

1,950 sqft (181.2 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 301 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 2 sold for AED 4,450,000 to 4,450,000 in the last 12 months, around AED 2,564 per sqft.

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Mortgage on 301, Marina Residences 2

Starts from the last sale price (AED 2.02M, 10 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,020,000
Deposit, UAE resident (20%)
AED 404,000
Deposit, non-resident (40%)
AED 808,000
Monthly over 25 years at 3.7%
AED 8,264

Plus AED 89,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →