3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 12th floor · completed 2012

1203, 23 Marina Tower

Sold prices and rental history: sold twice, last in January 2018, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 2.1M28 January 2018
Current rentAED 143K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1203, 23 Marina Tower

What is 1203 worth today?

Last sold for AED 2,100,100 in 2018

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1 Feb 2024RentedNew contract
AED 142,565/yr12 months · AED 67 per sqft
20 Dec 2022RentedNew contract
AED 129,605/yr12 months · AED 61 per sqft
20 Dec 2020RentedNew contract
AED 98,000/yr12 months · AED 46 per sqft
28 Jan 2018SoldReady
AED 2,100,100AED 978 per sqft
22 Jan 2018Sold by developerReady
AED 1,368,142AED 637 per sqft
29 Sep 2017RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
12th of 88
Parking
P2-11,48
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 2.1M · January 2018

About 1203, 23 Marina Tower

1203 is a three-bedroom apartment of 2,146 sqft on the 12th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 28 January 2018 for AED 2,100,100, or AED 978 per sqft, 16% below the AED 1,164 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 February 2024, is AED 142,565 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical three-bed in 23 Marina Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 2,591,257; 2010 AED 2,390,742; 2011 AED 1,856,941; 2012 AED 2,390,743; 2013 AED 2,674,613; 2014 AED 3,500,000; 2015 AED 3,300,000; 2016 AED 2,450,000; 2017 AED 2,605,000; 2018 AED 2,050,050; 2019 AED 2,000,000; 2020 AED 1,500,000; 2021 AED 2,300,000; 2022 AED 2,222,000; 2023 AED 3,490,000; 2024 AED 2,916,210; 2025 AED 4,112,501Sold, January 2018: AED 2,100,100 (AED 978 per sqft)Sold by developer, January 2018: AED 1,368,142 (AED 637 per sqft)

1203 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1203, each contractTypical three-bed in 23 Marina Tower
100K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 185,000; 2014 AED 200,700; 2015 AED 219,000; 2016 AED 202,500; 2017 AED 193,313; 2018 AED 181,500; 2019 AED 165,000; 2020 AED 135,000; 2021 AED 147,000; 2022 AED 165,000; 2023 AED 200,000; 2024 AED 200,000; 2025 AED 205,000; 2026 AED 250,000New contract, September 2017: AED 155,000 a yearNew contract, December 2020: AED 98,000 a yearNew contract, December 2022: AED 129,605 a yearNew contract, February 2024: AED 142,565 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in 23 Marina Tower, and where 1203 sits

All 182 3-beds →

1203 last sold in January 2018 at AED 978 per sqft, 16% below what three-beds in 23 Marina Tower were fetching at the time (AED 1,164). 1203's AED 142,565 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
8 Jul 20255,250,000
19 Jun 20253,050,000
19 Jun 20254,500,000
17 Jun 20254,000,002
0 3-bed sales in the last 12 months

23 Marina Tower

Building

289 apartments, 2-bed to 5-bed over 88 floors in Dubai Marina, completed in 2012 by Hircon International. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 200K /yr
Typical yield
23 Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 12th floor

All 289 units in 23 Marina Tower
Value
12013-bedAED 2.4M · Apr 2013
12022-bedAED 2.22M · Nov 2012
12043-bedAED 2.8M · Dec 2024
12052-bedAED 1.8M · Dec 2023
12063-bedAED 1.55M · Jun 2014

1203, 23 Marina Tower in numbers

  • Sold twice: first on 22 January 2018 for AED 1,368,142, last on 28 January 2018 for AED 2,100,100 (AED 978 per sqft).
  • Rented since September 2017 on 4 Ejari contracts. The rent fell from AED 155,000 to AED 98,000 in 2020 and recovered to AED 142,565 by February 2024.
  • At AED 142,565 a year the gross yield on the 2018 price is 6.8%, before a service charge of about AED 41,300 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 1 February 2024.

Questions about 1203, 23 Marina Tower

What did unit 1203 last sell for?

AED 2,100,100 on 28 January 2018: AED 978 per sqft for 2,146 sqft. The unit has 2 registered sales; the first was AED 1,368,142 in January 2018.

What is the rent for unit 1203?

AED 142,565 a year on the contract signed on 1 February 2024. The previous contract, from December 2022, was AED 129,605; the unit has been rented since September 2017.

How big is unit 1203?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 12th floor of a 88-storey tower completed in 2012.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1203, 23 Marina Tower

Starts from the last sale price (AED 2.1M, 28 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,100
Deposit, UAE resident (20%)
AED 420,020
Deposit, non-resident (40%)
AED 840,040
Monthly over 25 years at 3.7%
AED 8,592

Plus AED 93,214 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →