LG03, 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.
Property timeline for LG03, Marina Residences 2
What is LG03 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 8 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,751 sqft
- Floor
- -1th of 14
- Parking
- CB1-150
- Developer
- The Palm - Jumeirah Co
- Completed
- 2009
- Service charge
- AED 45,900 /yr
- Last sold
- AED 3.03M · December 2010
- Building
- Marina Residences 2
About LG03, Marina Residences 2
LG03 is a three-bedroom apartment of 2,751 sqft on the -1th 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 12 December 2010 for AED 3,031,040, or AED 1,101 per sqft, 14% below the AED 1,275 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 8 February 2025, is AED 250,000 a year: a gross yield of 8.3% on the 2010 price, before the service charge of about AED 45,900 a year.
Sales and rents for LG03 over time
LG03 has sold once; 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 2, and where LG03 sits
All 46 3-beds →LG03 last sold in December 2010 at AED 1,101 per sqft, 14% below what three-beds in Marina Residences 2 were fetching at the time (AED 1,275). Over the last 12 months three-beds sold for AED 6,700,000 to 12,900,000, around AED 2,911 per sqft, and rent for AED 254,100 to 1,100,000 a year. LG03's AED 250,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Feb 20264 February 2026 | 4,054 sqft | 12,900,000 | 3,182 | ||
| 25 Apr 202525 April 2025 | 4,053 sqft | 10,800,000 | 2,664 | ||
| 10 Feb 202510 February 2025 | 4,054 sqft | 10,500,000 | 2,590 | ||
| 17 Oct 202417 October 2024 | 2,751 sqft | 5,200,000 | 1,890 |
Marina Residences 2
Building158 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%
Other units on the -1th floor
All 158 units in Marina Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| LG01 | 3-bed | 2,751 sqft | AED 5.2MAED 5,200,000 · Oct 2024October 2024 | 150,000 /yr | |
| LG02 | 3-bed | 4,768 sqft | AED 5.76MAED 5,759,000 · Nov 2010November 2010 | 290,000 /yr | |
| TH04 | 3-bed | 3,996 sqft | AED 3.48MAED 3,475,000 · Sep 2021September 2021 | 160,000 /yr | |
| TH05 | 3-bed | 3,996 sqft | AED 4.3MAED 4,300,000 · Oct 2022October 2022 | 180,000 /yr | |
| TH06 | 2-bed | 4,090 sqft | AED 6MAED 6,000,000 · Jul 2024July 2024 | 192,179 /yr | |
| TH07 | 3-bed | 4,098 sqft | AED 5.16MAED 5,163,900 · Aug 2011August 2011 | 275,000 /yr | |
| TH08 | 3-bed | 4,045 sqft | AED 3MAED 3,000,000 · Dec 2020December 2020 |
LG03, Marina Residences 2 in numbers
- Sold once: by The Palm - Jumeirah Co on 12 December 2010 for AED 3,031,040, or AED 1,101 per sqft.
- Rented since June 2013 on 13 Ejari contracts. The rent fell from AED 210,000 to AED 135,000 in 2020 and recovered to AED 250,000 by February 2025.
- At AED 250,000 a year the gross yield on the 2010 price is 8.3%, before a service charge of about AED 45,900 a year (AED 16.67 per sqft).
- Three-beds in Marina Residences 2 sold for AED 6,700,000–12,900,000 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 8 February 2025.
Questions about LG03, Marina Residences 2
What did unit LG03 last sell for?
AED 3,031,040 on 12 December 2010, sold by the developer: AED 1,101 per sqft for 2,751 sqft. It is the only registered sale of the unit.
What is the rent for unit LG03?
AED 250,000 a year on the contract renewed on 8 February 2025. The previous contract, from February 2024, was AED 250,000; the unit has been rented since June 2013.
How big is unit LG03?
2,751 sqft (255.6 sqm): a three-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.
What is unit LG03 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 2 sold for AED 6,700,000 to 12,900,000 in the last 12 months, around AED 2,911 per sqft.
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Mortgage on LG03, Marina Residences 2
Starts from the last sale price (AED 3.03M, 12 December 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 3,031,040
- Deposit, UAE resident (20%)
- AED 606,208
- Deposit, non-resident (40%)
- AED 1,212,416
- Monthly over 25 years at 3.7%
- AED 12,401
Plus AED 132,314 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →