3-bed · 4,054 sqftMarina Residences 3, Palm Jumeirah · 11th floor · completed 2009

1106, Marina Residences 3

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 1 January 2024
Last soldAED 720K3 March 2011
Current rentAED 130K /yr1 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1106, Marina Residences 3

What is 1106 worth today?

Last sold for AED 720,000 in 2011

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1 Jan 2024RentedRenewal
AED 130,000/yr12 months · AED 32 per sqft
1 Jan 2023RentedNew contract
AED 130,000/yr12 months · AED 32 per sqft
1 Oct 2021RentedRenewal
AED 130,000/yr12 months · AED 32 per sqft
1 Oct 2020RentedRenewal
AED 130,000/yr12 months · AED 32 per sqft
1 Oct 2019RentedRenewal
AED 150,000/yr12 months · AED 37 per sqft
1 Oct 2017RentedRenewal
AED 150,000/yr12 months · AED 37 per sqft
1 Oct 2016RentedRenewal
AED 150,000/yr12 months · AED 37 per sqft
1 Oct 2014RentedNew contract
AED 140,000/yr12 months · AED 34 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2024.

Key facts

Type
3-bed apartment
Size
4,054 sqft
Floor
11th of 14
Parking
3-LG251, 3-LG252
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 67,600 /yr
Last sold
AED 720K · March 2011

About 1106, Marina Residences 3

1106 is a three-bedroom apartment of 4,054 sqft on the 11th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 3 March 2011 for AED 720,000, or AED 177 per sqft, 86% below the AED 1,275 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 January 2024, is AED 130,000 a year: a gross yield of 18.1% on the 2011 price, before the service charge of about AED 67,600 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, each saleTypical three-bed in Marina Residences 3
5M20102014201820222026Typical sale price by year: 2010 AED 3,700,000; 2011 AED 3,589,400; 2012 AED 3,420,000; 2013 AED 3,467,050; 2014 AED 4,350,000; 2017 AED 3,087,500; 2020 AED 3,125,000; 2021 AED 2,850,000; 2023 AED 4,165,000; 2024 AED 4,200,000; 2025 AED 8,700,000

No registered sale of 1106; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1106, each contractTypical three-bed in Marina Residences 3
100K200K300K2012201620202024Typical rent by year: 2012 AED 220,000; 2013 AED 195,000; 2014 AED 225,750; 2015 AED 225,000; 2016 AED 210,000; 2017 AED 182,500; 2018 AED 172,500; 2019 AED 165,000; 2020 AED 160,000; 2021 AED 160,000; 2022 AED 219,214; 2023 AED 250,000; 2024 AED 254,000; 2025 AED 330,000New contract, October 2014: AED 140,000 a yearRenewal, October 2016: AED 150,000 a yearRenewal, October 2017: AED 150,000 a yearRenewal, October 2019: AED 150,000 a yearRenewal, October 2020: AED 130,000 a yearRenewal, October 2021: AED 130,000 a yearNew contract, January 2023: AED 130,000 a yearRenewal, January 2024: AED 130,000 a year

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 3, and where 1106 sits

All 43 3-beds →

1106 last sold in March 2011 at AED 177 per sqft, 86% below what three-beds in Marina Residences 3 were fetching at the time (AED 1,275). Over the last 12 months three-beds sold for AED 7,300,000, around AED 2,993 per sqft, and rent for AED 212,000 to 212,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Feb 20267,300,000
4 Jun 20256,800,000
20 Mar 20256,500,000
14 Mar 20259,500,000
1 3-bed sale in the last 12 months

Marina Residences 3

Building

165 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 3 sold in the last 12 months.

Typical price per sqft
AED 2,132
Typical sale
AED 3.7M
Typical rent
AED 200K /yr
Typical yield
5.3%
Marina Residences 3, Palm Jumeirah: prices, sales and rents →

Other units on the 11th floor

All 165 units in Marina Residences 3
Value
11012-bedAED 1.55M · Oct 2010
11022-bedAED 3.49M · Jan 2011
11032-bedAED 4M · Nov 2024
11042-bedAED 2.85M · Sep 2022
11053-bedAED 3.28M · Oct 2017
11073-bedAED 3.1M · Jun 2013
11082-bedAED 2.9M · Nov 2023
1–7 of 10

1106, Marina Residences 3 in numbers

  • Sold once: by The Palm - Jumeirah Co on 3 March 2011 for AED 720,000, or AED 177 per sqft.
  • Rented since October 2014 on 8 Ejari contracts, from AED 140,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2011 price is 18.1%, before a service charge of about AED 67,600 a year (AED 16.67 per sqft).
  • Three-beds in Marina Residences 3 sold for AED 7,300,000–7,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,132 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2024.

Questions about 1106, Marina Residences 3

What did unit 1106 last sell for?

AED 720,000 on 3 March 2011, sold by the developer: AED 177 per sqft for 4,054 sqft. It is the only registered sale of the unit.

What is the rent for unit 1106?

AED 130,000 a year on the contract renewed on 1 January 2024. The previous contract, from January 2023, was AED 130,000; the unit has been rented since October 2014.

How big is unit 1106?

4,054 sqft (376.6 sqm): a three-bedroom apartment on the 11th floor of a 14-storey tower completed in 2009.

What is unit 1106 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 3 sold for AED 7,300,000 to 7,300,000 in the last 12 months, around AED 2,993 per sqft.

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Mortgage on 1106, Marina Residences 3

Starts from the last sale price (AED 720K, 3 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

Plus AED 35,250 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →