2-bed · 4,090 sqftMarina Residences 2, Palm Jumeirah · -1th floor · completed 2009

TH06, Marina Residences 2

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH06 · DLD and Ejari recordsUpdated 10 December 2024
Last soldAED 6M5 July 2024
Current rentAED 192K /yr10 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH06, Marina Residences 2

What is TH06 worth today?

Last sold for AED 6,000,000 in 2024

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10 Dec 2024RentedNew contract
AED 192,179/yr7 months · AED 47 per sqft
5 Jul 2024SoldReady
AED 6,000,000AED 1,467 per sqft
10 Nov 2022RentedRenewal
AED 183,750/yr13 months · AED 45 per sqft
10 Sep 2020RentedRenewal
AED 175,000/yr12 months · AED 43 per sqft
10 Aug 2019RentedRenewal
AED 200,000/yr13 months · AED 49 per sqft
10 Aug 2018RentedNew contract
AED 200,000/yr12 months · AED 49 per sqft
23 Jun 2016RentedNew contract
AED 180,000/yr12 months · AED 44 per sqft
23 Jun 2015RentedNew contract
AED 180,000/yr12 months · AED 44 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 December 2024.

Key facts

Type
2-bed apartment
Size
4,090 sqft
Floor
-1th of 14
Parking
Attached
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 68,200 /yr
Last sold
AED 6M · July 2024

About TH06, Marina Residences 2

TH06 is a two-bedroom apartment of 4,090 sqft on the -1th floor of Marina Residences 2, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 5 July 2024 for AED 6,000,000, or AED 1,467 per sqft, 20% below the AED 1,844 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 10 December 2024, is AED 192,179 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 68,200 a year.

Sales and rents for TH06 over time

Sales
Unit TH06, each saleTypical two-bed in Marina Residences 2
2M4M6M2009201420192024Typical 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, October 2011: AED 5,163,900 (AED 1,262 per sqft)Sold, July 2024: AED 6,000,000 (AED 1,467 per sqft)

TH06 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH06, 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, June 2012: AED 180,000 a yearNew contract, June 2013: AED 180,000 a yearNew contract, June 2014: AED 180,000 a yearNew contract, June 2015: AED 180,000 a yearNew contract, June 2016: AED 180,000 a yearNew contract, August 2018: AED 200,000 a yearRenewal, August 2019: AED 200,000 a yearRenewal, September 2020: AED 175,000 a yearRenewal, November 2022: AED 183,750 a yearNew contract, December 2024: AED 192,179 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 TH06 sits

All 102 2-beds →

TH06 last sold in July 2024 at AED 1,467 per sqft, 20% below what two-beds in Marina Residences 2 were fetching at the time (AED 1,844). 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. TH06's AED 192,179 is in the lower half 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 -1th floor

All 158 units in Marina Residences 2
Value
LG013-bedAED 5.2M · Oct 2024
LG023-bedAED 5.76M · Nov 2010
LG033-bedAED 3.03M · Dec 2010
TH043-bedAED 3.48M · Sep 2021
TH053-bedAED 4.3M · Oct 2022
TH073-bedAED 5.16M · Aug 2011
TH083-bedAED 3M · Dec 2020

TH06, Marina Residences 2 in numbers

  • Sold twice: first on 19 October 2011 for AED 5,163,900, last on 5 July 2024 for AED 6,000,000 (AED 1,467 per sqft).
  • Rented since June 2012 on 10 Ejari contracts, from AED 180,000 to AED 192,179 a year.
  • At AED 192,179 a year the gross yield on the 2024 price is 3.2%, before a service charge of about AED 68,200 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 10 December 2024.

Questions about TH06, Marina Residences 2

What did unit TH06 last sell for?

AED 6,000,000 on 5 July 2024: AED 1,467 per sqft for 4,090 sqft. The unit has 2 registered sales; the first was AED 5,163,900 in October 2011.

What is the rent for unit TH06?

AED 192,179 a year on the contract signed on 10 December 2024. The previous contract, from November 2022, was AED 183,750; the unit has been rented since June 2012.

How big is unit TH06?

4,090 sqft (380.0 sqm): a two-bedroom apartment on the -1th floor of a 14-storey tower completed in 2009.

What is unit TH06 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 TH06, Marina Residences 2

Starts from the last sale price (AED 6M, 5 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,000,000
Deposit, UAE resident (20%)
AED 1,200,000
Deposit, non-resident (40%)
AED 2,400,000
Monthly over 25 years at 3.7%
AED 24,548

Plus AED 257,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →