OO Test D — 3509 Marina Gate 1 (cash beats mortgage)
Type
UnitBedrooms
2Size
1,398 sqftBaths
3Unit
3509Building
The Residences at Marina Gate 1Ownership
FreeholdArea
Dubai MarinaDeveloperSelect Global Development
Completed2018
Seller's conditions
Every offer accepts these conditions.
- Completion within 56 days of Form F
- Sold vacant on transfer
- Cash preferenceMortgage offers rank AED 40,000 below cash
Valuation range
Multiple valuations were used to triangulate a fair market range.
LOW2,812,000
MIDPOINT2,960,000
HIGH3,108,000
HIGH3,108,000
MIDPOINT2,960,000
LOW2,812,000
Reserve priceThe seller's reserve is hidden and capped at the midpoint of the valuation range above, so every offer is judged against a fair number.
SourceProperty Monitor
MethodAVM
Valuation range ()
High3,202,500
Midpoint3,050,000
Low2,897,500
ConfidenceLow
SourceYallaValue
MethodAVM
Valuation range ()
High3,108,000
Midpoint2,960,000
Low2,812,000
ConfidenceLow
SourceChartered Surveyors
MethodAVM
Valuation range ()
High3,045,000
Midpoint2,900,000
Low2,755,000
ConfidenceLow
| Source | Method | Valuation range () | Confidence |
|---|---|---|---|
| Property Monitor | AVM | High3,202,500 Midpoint3,050,000 Low2,897,500 | Low |
| YallaValue | AVM | High3,108,000 Midpoint2,960,000 Low2,812,000 | Low |
| Chartered Surveyors | AVM | High3,045,000 Midpoint2,900,000 Low2,755,000 | Low |
Valuations are estimates as of the assessment date, not guarantees of sale price. The final sale price is determined by the offers made and may sit above or below the composite range. The composite low, midpoint, and high are calculated as the median values of the underlying source valuations.
Fees
Standard market fees, paid on top of your offer if it wins. YallaValue charges buyers nothing.
- Agency fee
- 2% of sale price + VAT
- DLD transfer fee
- 4% of sale price
- Trustee & title fees
- AED 4,200
AED 2,920,000Your offer
Total amount payableAED 3,102,320of which AED 182,320 is fees
Property timeline
Today
Sale agreed with OpenOffers2,920,000Mon 2 Nov 2026
10 Oct 2025
RentedNew contract
235,000 a year
12 months05 Sep 2025
RentedRenewal
135,000 a year
12 months05 Sep 2025
RentedRenewal
148,404 a year
3 months05 Sep 2024
RentedNew contract
225,000 a year
24 months27 Jun 2023
RentedNew contract
250,000 a year
12 months23 Aug 2017
SoldOff-plan
2,000,000
1,430 per sqft10 Sep 2014
Sold by developerOff-plan
2,620,000
1,873 per sqft Sale agreedAED 2,920,000
Final offers
- Buyer 3CashAED 2,920,0002 NovWinning offer
- Buyer 2MortgageAED 2,940,0002 Nov
- Buyer 1CashAED 2,840,0002 Nov
Price history in The Residences at Marina Gate 1
Price per sqft
| Date | Location | Specifications | Price (AED) | Details |
|---|---|---|---|---|
| 29 Dec 2025 | The Residences at Marina Gate 1 Completed | 3-bed33rd floorApartment Size: 1,956 sqft |  6,350,000 | |
| 21 Dec 2025 | The Residences at Marina Gate 1 Completed | 3-bed30th floorApartment Size: 1,956 sqft | 6,250,000 | |
| 10 Dec 2025 | The Residences at Marina Gate 1 Completed | 3-bed32nd floorApartment Size: 1,958 sqft | 6,800,000 | |
| 18 Nov 2025 | The Residences at Marina Gate 1 Completed | N/A9th floorApartment Size: 1,381 sqft | 2,875,000 | |
| 10 Nov 2025 | The Residences at Marina Gate 1 Completed | N/A37th floorApartment Size: 1,324 sqft | 3,200,000 | |
| 03 Nov 2025 | The Residences at Marina Gate 1 Completed | N/A50th floorApartment Size: 3,948 sqft | 9,400,000 | |
| 31 Oct 2025 | The Residences at Marina Gate 1 Completed | N/A20th floorApartment Size: 1,256 sqft | 3,900,000 | |
| 30 Oct 2025 | The Residences at Marina Gate 1 Completed | N/A25th floorApartment Size: 1,388 sqft | 3,800,000 | |
| 14 Oct 2025 | The Residences at Marina Gate 1 Completed | N/A21st floorApartment Size: 1,388 sqft | 3,700,000 | |
| 07 Oct 2025 | The Residences at Marina Gate 1 Completed | N/A45th floorApartment Size: 1,395 sqft | 3,400,000 |
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