3-bed · 2,161 sqft23 Marina Tower, Dubai Marina · 15th floor · completed 2012

1506, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in December 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 7 December 2023
Last soldAED 2.4M7 December 2023
Current rentAED 185K /yr10 November 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, 23 Marina Tower

What is 1506 worth today?

Last sold for AED 2,400,000 in 2023

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7 Dec 2023SoldReady
AED 2,400,000AED 1,110 per sqft
24 Nov 2019SoldReady
AED 1,350,000AED 624 per sqft
10 Nov 2016RentedRenewal
AED 185,000/yr12 months · AED 86 per sqft
10 Nov 2015RentedRenewal
AED 185,000/yr12 months · AED 86 per sqft
10 Nov 2014RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft
10 Nov 2013RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft
13 Dec 2012SoldReady
AED 2,024,825AED 936 per sqft
10 Nov 2012RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 7 December 2023.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
15th of 88
Parking
B4-5,6
Developer
Hircon International
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 2.4M · December 2023

About 1506, 23 Marina Tower

1506 is a three-bedroom apartment of 2,161 sqft on the 15th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 7 December 2023 for AED 2,400,000, or AED 1,110 per sqft, 8% below the AED 1,206 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 10 November 2016, is AED 185,000 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 41,600 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, 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 by developer, July 2009: AED 2,024,825 (AED 936 per sqft)Sold, December 2012: AED 2,024,825 (AED 936 per sqft)Sold, November 2019: AED 1,350,000 (AED 624 per sqft)Sold, December 2023: AED 2,400,000 (AED 1,110 per sqft)

1506 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1506, each contractTypical three-bed in 23 Marina Tower
200K2012201620202024Typical 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, November 2012: AED 150,000 a yearNew contract, November 2013: AED 150,000 a yearNew contract, November 2014: AED 150,000 a yearRenewal, November 2015: AED 185,000 a yearRenewal, November 2016: AED 185,000 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 1506 sits

All 182 3-beds →

1506 last sold in December 2023 at AED 1,110 per sqft, 8% below what three-beds in 23 Marina Tower were fetching at the time (AED 1,206). 1506's AED 185,000 is in the lower half 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 15th floor

All 289 units in 23 Marina Tower
Value
15013-bedAED 1.86M · Mar 2013
15022-bedAED 1.95M · Mar 2018
15033-bedAED 2.96M · Mar 2024
15043-bedAED 1.81M · Apr 2022
15052-bedAED 1.54M · Nov 2012

1506, 23 Marina Tower in numbers

  • Sold 4 times: first on 5 July 2009 for AED 2,024,825, last on 7 December 2023 for AED 2,400,000 (AED 1,110 per sqft).
  • Rented since November 2012 on 5 Ejari contracts, from AED 150,000 to AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 41,600 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 7 December 2023.

Questions about 1506, 23 Marina Tower

What did unit 1506 last sell for?

AED 2,400,000 on 7 December 2023: AED 1,110 per sqft for 2,161 sqft. The unit has 4 registered sales; the first was AED 2,024,825 in July 2009.

What is the rent for unit 1506?

AED 185,000 a year on the contract renewed on 10 November 2016. The previous contract, from November 2015, was AED 185,000; the unit has been rented since November 2012.

How big is unit 1506?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 15th floor of a 88-storey tower completed in 2012.

What is unit 1506 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 1506, 23 Marina Tower

Starts from the last sale price (AED 2.4M, 7 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

Plus AED 105,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →