2-bed · 1,735 sqftMarina Residences 6, Palm Jumeirah · 7th floor · completed 2009

709, Marina Residences 6

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 1 October 2022
Last soldAED 3.18M1 March 2011
Current rentAED 120K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Marina Residences 6

What is 709 worth today?

Last sold for AED 3,175,600 in 2011

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1 Oct 2022RentedRenewal
AED 120,000/yr12 months · AED 69 per sqft
1 Oct 2021RentedRenewal
AED 110,000/yr12 months · AED 63 per sqft
1 Oct 2020RentedNew contract
AED 110,000/yr12 months · AED 63 per sqft
1 Jun 2019RentedNew contract
AED 145,000/yr12 months · AED 84 per sqft
1 May 2018RentedNew contract
AED 150,000/yr12 months · AED 87 per sqft
1 Mar 2011Sold by developerReady
AED 3,175,600AED 1,830 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2022.

Key facts

Type
2-bed apartment
Size
1,735 sqft
Floor
7th of 14
Parking
6-B232
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 28,900 /yr
Last sold
AED 3.18M · March 2011

About 709, Marina Residences 6

709 is a two-bedroom apartment of 1,735 sqft on the 7th floor of Marina Residences 6, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. The developer sold it on 1 March 2011 for AED 3,175,600, or AED 1,830 per sqft, 23% above the AED 1,493 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 October 2022, is AED 120,000 a year: a gross yield of 3.8% on the 2011 price, before the service charge of about AED 28,900 a year.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical two-bed in Marina Residences 6
2M4M20102014201820222026Typical sale price by year: 2010 AED 2,797,450; 2011 AED 2,817,400; 2012 AED 1,936,900; 2013 AED 2,400,000; 2014 AED 2,564,200; 2015 AED 2,845,000; 2016 AED 2,400,000; 2017 AED 2,272,500; 2018 AED 1,900,000; 2019 AED 1,718,710; 2020 AED 1,415,718; 2021 AED 1,870,456; 2022 AED 2,325,000; 2023 AED 2,650,000; 2024 AED 3,450,000; 2025 AED 3,850,000Sold by developer, March 2011: AED 3,175,600 (AED 1,830 per sqft)

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

Rents
Unit 709, each contractTypical two-bed in Marina Residences 6
100K150K200K2012201620202024Typical rent by year: 2012 AED 137,500; 2013 AED 145,000; 2014 AED 166,930; 2015 AED 167,500; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 120,000; 2020 AED 110,000; 2021 AED 111,000; 2022 AED 126,000; 2023 AED 170,000; 2024 AED 192,500; 2025 AED 200,000; 2026 AED 200,000New contract, May 2018: AED 150,000 a yearNew contract, June 2019: AED 145,000 a yearNew contract, October 2020: AED 110,000 a yearRenewal, October 2021: AED 110,000 a yearRenewal, October 2022: AED 120,000 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 6, and where 709 sits

All 100 2-beds →

709 last sold in March 2011 at AED 1,830 per sqft, 23% above what two-beds in Marina Residences 6 were fetching at the time (AED 1,493). Over the last 12 months two-beds sold for AED 4,180,000, around AED 2,047 per sqft, and rent for AED 152,748 to 370,000 a year. 709's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Dec 20254,180,000
28 Jul 20253,350,000
30 Jun 20253,550,000
30 May 20254,200,000
1 2-bed sale in the last 12 months

Marina Residences 6

Building

162 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 3,145
Typical sale
AED 8M
Typical rent
AED 203K /yr
Typical yield
3.6%
Marina Residences 6, Palm Jumeirah: prices, sales and rents →

Other units on the 7th floor

All 162 units in Marina Residences 6
Value
7012-bedAED 3.18M · Sep 2024
7022-bedAED 1.88M · Apr 2021
7032-bedAED 3.65M · Nov 2024
7042-bedAED 1.13M · Mar 2013
7053-bedAED 2.09M · Mar 2010
7063-bedAED 5.3M · Oct 2021
7073-bedAED 1.4M · Jul 2012
1–7 of 10

709, Marina Residences 6 in numbers

  • Sold once: by The Palm - Jumeirah Co on 1 March 2011 for AED 3,175,600, or AED 1,830 per sqft.
  • Rented since May 2018 on 5 Ejari contracts, from AED 150,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2011 price is 3.8%, before a service charge of about AED 28,900 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 6 sold for AED 4,180,000–4,180,000 in the 12 months to November 2026; the building's median across all types is AED 3,145 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2022.

Questions about 709, Marina Residences 6

What did unit 709 last sell for?

AED 3,175,600 on 1 March 2011, sold by the developer: AED 1,830 per sqft for 1,735 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 120,000 a year on the contract renewed on 1 October 2022. The previous contract, from October 2021, was AED 110,000; the unit has been rented since May 2018.

How big is unit 709?

1,735 sqft (161.2 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2009.

What is unit 709 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 6 sold for AED 4,180,000 to 4,180,000 in the last 12 months, around AED 2,047 per sqft.

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Mortgage on 709, Marina Residences 6

Starts from the last sale price (AED 3.18M, 1 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,175,600
Deposit, UAE resident (20%)
AED 635,120
Deposit, non-resident (40%)
AED 1,270,240
Monthly over 25 years at 3.7%
AED 12,992

Plus AED 138,385 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →