2-bed · 1,928 sqftMarina Residences 2, Palm Jumeirah · 4th floor · completed 2009

403, Marina Residences 2

Sold prices and rental history: sold once, by the developer in December 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 25 July 2022
Last soldAED 2.86M7 December 2010
Current rentAED 130K /yr25 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Marina Residences 2

What is 403 worth today?

Last sold for AED 2,858,100 in 2010

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25 Jul 2022RentedNew contract
AED 130,000/yr12 months · AED 67 per sqft
24 Nov 2019RentedRenewal
AED 130,000/yr12 months · AED 67 per sqft
24 Nov 2018RentedNew contract
AED 143,000/yr12 months · AED 74 per sqft
12 Nov 2017RentedRenewal
AED 160,000/yr12 months · AED 83 per sqft
11 Nov 2015RentedNew contract
AED 164,543/yr12 months · AED 85 per sqft
6 Apr 2013RentedNew contract
AED 72,500/yr6 months · AED 38 per sqft
7 Dec 2010Sold by developerReady
AED 2,858,100AED 1,482 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2022.

Key facts

Type
2-bed apartment
Size
1,928 sqft
Floor
4th of 14
Parking
CB1-165
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,100 /yr
Last sold
AED 2.86M · December 2010

About 403, Marina Residences 2

403 is a two-bedroom apartment of 1,928 sqft on the 4th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 7 December 2010 for AED 2,858,100, or AED 1,482 per sqft, 4% below the AED 1,541 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 25 July 2022, is AED 130,000 a year: a gross yield of 4.5% on the 2010 price, before the service charge of about AED 32,100 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, December 2010: AED 2,858,100 (AED 1,482 per sqft)

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

Rents
Unit 403, each contractTypical two-bed in Marina Residences 2
100K200K2012201620202024Typical 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, April 2013: AED 72,500 a yearNew contract, November 2015: AED 164,543 a yearRenewal, November 2017: AED 160,000 a yearNew contract, November 2018: AED 143,000 a yearRenewal, November 2019: AED 130,000 a yearNew contract, July 2022: AED 130,000 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 403 sits

All 102 2-beds →

403 last sold in December 2010 at AED 1,482 per sqft, 4% below what two-beds in Marina Residences 2 were fetching at the time (AED 1,541). 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. 403's AED 130,000 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 4th floor

All 158 units in Marina Residences 2
Value
4012-bedAED 2.59M · Jan 2014
4022-bedAED 2.81M · Dec 2010
4042-bedAED 3.1M · Jan 2023
4053-bedAED 3.69M · Oct 2010
4063-bedAED 10.5M · Feb 2025
4073-bedAED 3.69M · Mar 2010
4082-bedAED 2.9M · Mar 2010
1–7 of 10

403, Marina Residences 2 in numbers

  • Sold once: by The Palm - Jumeirah Co on 7 December 2010 for AED 2,858,100, or AED 1,482 per sqft.
  • Rented since April 2013 on 6 Ejari contracts, from AED 72,500 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2010 price is 4.5%, before a service charge of about AED 32,100 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 25 July 2022.

Questions about 403, Marina Residences 2

What did unit 403 last sell for?

AED 2,858,100 on 7 December 2010, sold by the developer: AED 1,482 per sqft for 1,928 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 130,000 a year on the contract signed on 25 July 2022. The previous contract, from November 2019, was AED 130,000; the unit has been rented since April 2013.

How big is unit 403?

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 403 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 403, Marina Residences 2

Starts from the last sale price (AED 2.86M, 7 December 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,858,100
Deposit, UAE resident (20%)
AED 571,620
Deposit, non-resident (40%)
AED 1,143,240
Monthly over 25 years at 3.7%
AED 11,693

Plus AED 125,050 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →