2-bed · 1,746 sqftMarina Residences 4, Palm Jumeirah · 10th floor · completed 2009

1008, Marina Residences 4

Sold prices and rental history: sold once, by the developer in February 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 14 April 2024
Last soldAED 1.53M8 February 2011
Current rentAED 199K /yr14 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1008, Marina Residences 4

What is 1008 worth today?

Last sold for AED 1,527,000 in 2011

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14 Apr 2024RentedRenewal
AED 199,294/yr11 months · AED 114 per sqft
25 Mar 2020RentedNew contract
AED 115,000/yr12 months · AED 66 per sqft
1 Mar 2019RentedNew contract
AED 125,000/yr12 months · AED 72 per sqft
19 Oct 2017RentedRenewal
AED 160,000/yr12 months · AED 92 per sqft
17 Sep 2013RentedNew contract
AED 155,000/yr12 months · AED 89 per sqft
8 Feb 2011Sold by developerReady
AED 1,527,000AED 874 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 April 2024.

Key facts

Type
2-bed apartment
Size
1,746 sqft
Floor
10th of 14
Parking
CLG-45
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 29,100 /yr
Last sold
AED 1.53M · February 2011

About 1008, Marina Residences 4

1008 is a two-bedroom apartment of 1,746 sqft on the 10th floor of Marina Residences 4, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 8 February 2011 for AED 1,527,000, or AED 874 per sqft, 37% below the AED 1,392 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 14 April 2024, is AED 199,294 a year: a gross yield of 13.1% on the 2011 price, before the service charge of about AED 29,100 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in Marina Residences 4
2M3M20102014201820222026Typical sale price by year: 2010 AED 2,740,000; 2011 AED 2,744,600; 2012 AED 2,224,250; 2013 AED 2,500,000; 2014 AED 2,675,000; 2015 AED 2,550,050; 2016 AED 2,250,000; 2017 AED 2,200,000; 2018 AED 2,000,000; 2019 AED 1,762,500; 2021 AED 2,176,467; 2022 AED 2,200,000; 2023 AED 2,700,500; 2024 AED 3,000,000; 2025 AED 3,440,000Sold by developer, February 2011: AED 1,527,000 (AED 874 per sqft)

1008 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Marina Residences 4
100K150K200K2012201620202024Typical rent by year: 2012 AED 137,500; 2013 AED 141,750; 2014 AED 160,000; 2015 AED 166,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 109,000; 2022 AED 126,000; 2023 AED 136,000; 2024 AED 160,023; 2025 AED 180,000; 2026 AED 200,000New contract, September 2013: AED 155,000 a yearRenewal, October 2017: AED 160,000 a yearNew contract, March 2019: AED 125,000 a yearNew contract, March 2020: AED 115,000 a yearRenewal, April 2024: AED 199,294 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 4, and where 1008 sits

All 105 2-beds →

1008 last sold in February 2011 at AED 874 per sqft, 37% below what two-beds in Marina Residences 4 were fetching at the time (AED 1,392). Over the last 12 months two-beds sold for AED 3,080,000 to 7,000,000, around AED 1,711 per sqft, and rent for AED 150,000 to 500,000 a year. 1008's AED 199,294 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Dec 20254,300,000
24 Dec 20253,080,000
8 Dec 2025110,175
19 Jun 20253,440,000
4 2-bed sales in the last 12 months

Marina Residences 4

Building

166 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 7 sold in the last 12 months.

Typical price per sqft
AED 2,076
Typical sale
AED 5.85M
Typical rent
AED 202K /yr
Typical yield
5.2%
Marina Residences 4, Palm Jumeirah: prices, sales and rents →

Other units on the 10th floor

All 166 units in Marina Residences 4
Value
10012-bedAED 2.38M · Oct 2021
10022-bedAED 3.57M · Sep 2024
10032-bedAED 1.51M · Apr 2011
10042-bedAED 3.06M · Oct 2010
10053-bedAED 1.85M · Jul 2020
10063-bedAED 7M · Jun 2023
10073-bedAED 3.65M · Jun 2022
1–7 of 10

1008, Marina Residences 4 in numbers

  • Sold once: by The Palm - Jumeirah Co on 8 February 2011 for AED 1,527,000, or AED 874 per sqft.
  • Rented since September 2013 on 5 Ejari contracts. The rent fell from AED 155,000 to AED 115,000 in 2020 and recovered to AED 199,294 by April 2024.
  • At AED 199,294 a year the gross yield on the 2011 price is 13.1%, before a service charge of about AED 29,100 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 4 sold for AED 3,080,000–7,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,076 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 14 April 2024.

Questions about 1008, Marina Residences 4

What did unit 1008 last sell for?

AED 1,527,000 on 8 February 2011, sold by the developer: AED 874 per sqft for 1,746 sqft. It is the only registered sale of the unit.

What is the rent for unit 1008?

AED 199,294 a year on the contract renewed on 14 April 2024. The previous contract, from March 2020, was AED 115,000; the unit has been rented since September 2013.

How big is unit 1008?

1,746 sqft (162.2 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower completed in 2009.

What is unit 1008 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 4 sold for AED 3,080,000 to 7,000,000 in the last 12 months, around AED 1,711 per sqft.

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Mortgage on 1008, Marina Residences 4

Starts from the last sale price (AED 1.53M, 8 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,527,000
Deposit, UAE resident (20%)
AED 305,400
Deposit, non-resident (40%)
AED 610,800
Monthly over 25 years at 3.7%
AED 6,247

Plus AED 69,144 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →