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3-bed · 2,439 sqftMarina Residences 3, Palm Jumeirah · 5th floor · completed 2009

505, Marina Residences 3

Sold prices and rental history: sold twice, last in January 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 22 January 2012
Last soldAED 2.75M22 January 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Marina Residences 3

What is 505 worth today?

Last sold for AED 2,750,000 in 2012

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22 Jan 2012SoldReady
AED 2,750,000AED 1,127 per sqft
3 Nov 2010Sold by developerReady
AED 3,320,000AED 1,361 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 January 2012.

Key facts

Type
3-bed apartment
Size
2,439 sqft
Floor
5th of 14
Parking
CB1-232
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 40,700 /yr
Last sold
AED 2.75M · January 2012
Building
Marina Residences 3

About 505, Marina Residences 3

505 is a three-bedroom apartment of 2,439 sqft on the 5th floor of Marina Residences 3, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 22 January 2012 for AED 2,750,000, or AED 1,127 per sqft, 16% below the AED 1,345 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales
Unit 505, 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 8,700,000Sold by developer, November 2010: AED 3,320,000 (AED 1,361 per sqft)Sold, January 2012: AED 2,750,000 (AED 1,127 per sqft)

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

Rents
Unit 505, each contractTypical three-bed in Marina Residences 3
200K300K2012201620202024Typical 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 330,000

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 505 sits

All 43 3-beds →

505 last sold in January 2012 at AED 1,127 per sqft, 16% below what three-beds in Marina Residences 3 were fetching at the time (AED 1,345). 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 5th floor

All 165 units in Marina Residences 3
Value
5012-bedAED 1.53M · Feb 2020
5022-bedAED 3.2M · Dec 2023
5032-bedAED 2.35M · Aug 2021
5042-bedAED 1.42M · May 2011
5063-bedAED 6.07M · Dec 2011
5073-bedAED 2.83M · May 2013
5082-bedAED 3M · Dec 2024
1–7 of 10

505, Marina Residences 3 in numbers

  • Sold twice: first on 3 November 2010 for AED 3,320,000, last on 22 January 2012 for AED 2,750,000 (AED 1,127 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 22 January 2012.

Questions about 505, Marina Residences 3

What did unit 505 last sell for?

AED 2,750,000 on 22 January 2012: AED 1,127 per sqft for 2,439 sqft. The unit has 2 registered sales; the first was AED 3,320,000 in November 2010.

How big is unit 505?

2,439 sqft (226.6 sqm): a three-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.

What is unit 505 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 505, Marina Residences 3

Starts from the last sale price (AED 2.75M, 22 January 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

Plus AED 120,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →