1602, 23 Marina Tower
Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, 23 Marina Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 25 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,617 sqft
- Floor
- 16th of 88
- Parking
- B4-73
- Developer
- Hircon International
- Completed
- 2012
- Service charge
- AED 31,100 /yr
- Last sold
- AED 1.79M · December 2012
- Building
- 23 Marina Tower
About 1602, 23 Marina Tower
1602 is a two-bedroom apartment of 1,617 sqft on the 16th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 25 December 2012 for AED 1,792,991, or AED 1,108 per sqft, 19% above the AED 929 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 25 March 2024, is AED 160,000 a year: a gross yield of 8.9% on the 2012 price, before the service charge of about AED 31,100 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in 23 Marina Tower, and where 1602 sits
All 46 2-beds →1602 last sold in December 2012 at AED 1,108 per sqft, 19% above what two-beds in 23 Marina Tower were fetching at the time (AED 929). 1602's AED 160,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 May 202512 May 2025 | 1,617 sqft | 2,438,815 | 1,508 | ||
| 17 Dec 202417 December 2024 | 1,617 sqft | 2,200,000 | 1,360 | ||
| 4 Jun 20244 June 2024 | 1,617 sqft | 2,010,000 | 1,243 | ||
| 21 Dec 202321 December 2023 | 1,617 sqft | 2,325,000 | 1,437 |
23 Marina Tower
Building289 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
Other units on the 16th floor
All 289 units in 23 Marina Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 2,161 sqft | AED 2.03MAED 2,025,075 · Dec 2012December 2012 | 195,000 /yr | |
| 1603 | 3-bed | 2,146 sqft | AED 1.64MAED 1,640,645 · Aug 2021August 2021 | 100,000 /yr | |
| 1604 | 3-bed | 2,146 sqft | AED 1.7MAED 1,700,000 · Jul 2021July 2021 | 220,000 /yr | |
| 1605 | 1,617 sqft | AED 2.08MAED 2,075,000 · Aug 2025August 2025 | 110,000 /yr | ||
| 1606 | 3-bed | 2,161 sqft | AED 1.87MAED 1,870,000 · Apr 2022April 2022 | 179,501 /yr |
1602, 23 Marina Tower in numbers
- Sold twice: first on 10 August 2009 for AED 1,792,991, last on 25 December 2012 for AED 1,792,991 (AED 1,108 per sqft).
- Rented since April 2014 on 7 Ejari contracts. The rent fell from AED 190,000 to AED 100,000 in 2021 and recovered to AED 160,000 by March 2024.
- At AED 160,000 a year the gross yield on the 2012 price is 8.9%, before a service charge of about AED 31,100 a year (AED 19.25 per sqft).
Source: Dubai Land Department. Updated 25 March 2024.
Questions about 1602, 23 Marina Tower
What did unit 1602 last sell for?
AED 1,792,991 on 25 December 2012: AED 1,108 per sqft for 1,617 sqft. The unit has 2 registered sales; the first was AED 1,792,991 in August 2009.
What is the rent for unit 1602?
AED 160,000 a year on the contract signed on 25 March 2024. The previous contract, from February 2021, was AED 100,000; the unit has been rented since April 2014.
How big is unit 1602?
1,617 sqft (150.2 sqm): a two-bedroom apartment on the 16th floor of a 88-storey tower completed in 2012.
What is unit 1602 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 1602, 23 Marina Tower
Starts from the last sale price (AED 1.79M, 25 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,792,991
- Deposit, UAE resident (20%)
- AED 358,598
- Deposit, non-resident (40%)
- AED 717,196
- Monthly over 25 years at 3.7%
- AED 7,336
Plus AED 80,316 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →