2-bed · 1,935 sqftMarina Residences 3, Palm Jumeirah · 3rd floor · completed 2009

303, Marina Residences 3

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 2.02M8 May 2023
Current rentAED 215K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Marina Residences 3

What is 303 worth today?

Last sold for AED 2,020,000 in 2023

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1 Apr 2024RentedRenewal
AED 215,000/yr12 months · AED 111 per sqft
1 Jan 2024RentedRenewal
AED 225,000/yr3 months · AED 116 per sqft
1 Jun 2023RentedNew contract
AED 197,143/yr7 months · AED 102 per sqft
8 May 2023SoldReady
AED 2,020,000AED 1,043 per sqft
1 Apr 2022RentedRenewal
AED 123,000/yr12 months · AED 64 per sqft
1 Apr 2021RentedRenewal
AED 108,000/yr12 months · AED 56 per sqft
1 Apr 2020RentedNew contract
AED 126,000/yr12 months · AED 65 per sqft
13 Oct 2019RentedRenewal
AED 139,842/yr6 months · AED 72 per sqft

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

Key facts

Type
2-bed apartment
Size
1,935 sqft
Floor
3rd of 14
Parking
3-B211
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 32,300 /yr
Last sold
AED 2.02M · May 2023

About 303, Marina Residences 3

303 is a two-bedroom apartment of 1,935 sqft on the 3rd floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 8 May 2023 for AED 2,020,000, or AED 1,043 per sqft, 17% below the AED 1,256 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 215,000 a year: a gross yield of 10.6% on the 2023 price, before the service charge of about AED 32,300 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical two-bed in Marina Residences 3
2M3M20102014201820222026Typical sale price by year: 2010 AED 2,703,000; 2011 AED 2,670,000; 2012 AED 2,130,000; 2013 AED 2,012,750; 2014 AED 2,647,900; 2015 AED 2,618,600; 2016 AED 2,650,000; 2017 AED 2,567,500; 2018 AED 1,936,766; 2019 AED 1,748,000; 2020 AED 1,497,500; 2021 AED 1,865,000; 2022 AED 2,350,000; 2023 AED 2,662,500; 2024 AED 3,000,000; 2025 AED 3,500,000Sold by developer, January 2011: AED 2,823,700 (AED 1,459 per sqft)Sold, April 2013: AED 2,600,000 (AED 1,343 per sqft)Sold, May 2023: AED 2,020,000 (AED 1,043 per sqft)

303 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 303, each contractTypical two-bed in Marina Residences 3
100K200K2012201620202024Typical rent by year: 2012 AED 122,500; 2013 AED 140,000; 2014 AED 155,000; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 145,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 115,000; 2021 AED 110,000; 2022 AED 126,500; 2023 AED 145,000; 2024 AED 172,826; 2025 AED 190,000; 2026 AED 200,000New contract, June 2013: AED 160,000 a yearRenewal, October 2016: AED 175,000 a yearRenewal, April 2019: AED 154,860 a yearRenewal, October 2019: AED 139,842 a yearNew contract, April 2020: AED 126,000 a yearRenewal, April 2021: AED 108,000 a yearRenewal, April 2022: AED 123,000 a yearNew contract, June 2023: AED 197,143 a yearRenewal, January 2024: AED 225,000 a yearRenewal, April 2024: AED 215,000 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 3, and where 303 sits

All 110 2-beds →

303 last sold in May 2023 at AED 1,043 per sqft, 17% below what two-beds in Marina Residences 3 were fetching at the time (AED 1,256). Over the last 12 months two-beds sold for AED 3,500,000 to 3,700,000, around AED 1,922 per sqft, and rent for AED 166,031 to 416,879 a year. 303's AED 215,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Jul 20254,500,000
19 Jun 20253,500,000
18 Jun 20253,100,000
23 Apr 20253,250,000
2 2-bed sales 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 3rd floor

All 165 units in Marina Residences 3
Value
3012-bedAED 2.65M · Sep 2023
3022-bedAED 3.8M · Nov 2024
3042-bedAED 2.1M · Dec 2010
3053-bedAED 3.63M · Jun 2011
3063-bedAED 5.9M · Sep 2022
3073-bedAED 1.85M · Feb 2021
3082-bedAED 2.5M · Jun 2015
1–7 of 10

303, Marina Residences 3 in numbers

  • Sold 3 times: first on 10 January 2011 for AED 2,823,700, last on 8 May 2023 for AED 2,020,000 (AED 1,043 per sqft).
  • Rented since June 2013 on 10 Ejari contracts. The rent fell from AED 160,000 to AED 108,000 in 2021 and recovered to AED 215,000 by April 2024.
  • At AED 215,000 a year the gross yield on the 2023 price is 10.6%, before a service charge of about AED 32,300 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 3 sold for AED 3,500,000–3,700,000 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 April 2024.

Questions about 303, Marina Residences 3

What did unit 303 last sell for?

AED 2,020,000 on 8 May 2023: AED 1,043 per sqft for 1,935 sqft. The unit has 3 registered sales; the first was AED 2,823,700 in January 2011.

What is the rent for unit 303?

AED 215,000 a year on the contract renewed on 1 April 2024. The previous contract, from January 2024, was AED 225,000; the unit has been rented since June 2013.

How big is unit 303?

1,935 sqft (179.8 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2009.

What is unit 303 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 3 sold for AED 3,500,000 to 3,700,000 in the last 12 months, around AED 1,922 per sqft.

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Mortgage on 303, Marina Residences 3

Starts from the last sale price (AED 2.02M, 8 May 2023). 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 →