3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 16th floor · completed 2012

1603, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in August 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 8 August 2021
Last soldAED 1.64M8 August 2021
Current rentAED 100K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1603, 23 Marina Tower

What is 1603 worth today?

Last sold for AED 1,640,645 in 2021

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8 Aug 2021SoldReady
AED 1,640,645AED 764 per sqft
1 Mar 2021RentedNew contract
AED 100,000/yr12 months · AED 47 per sqft
1 Sep 2020RentedNew contract
AED 100,000/yr12 months · AED 47 per sqft
1 Feb 2020RentedRenewal
AED 96,000/yr15 months · AED 45 per sqft
1 Feb 2019RentedRenewal
AED 170,000/yr12 months · AED 79 per sqft
1 Feb 2018RentedNew contract
AED 175,000/yr12 months · AED 82 per sqft
11 Sep 2016RentedRenewal
AED 225,000/yr12 months · AED 105 per sqft
11 Sep 2013RentedNew contract
AED 200,000/yr12 months · AED 93 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 August 2021.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
16th of 88
Parking
B4-3,4
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 1.64M · August 2021

About 1603, 23 Marina Tower

1603 is a three-bedroom apartment of 2,146 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 8 August 2021 for AED 1,640,645, or AED 764 per sqft, in line with the AED 752 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 March 2021, is AED 100,000 a year: a gross yield of 6.1% on the 2021 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, 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 2,189,270 (AED 1,020 per sqft)Sold, November 2012: AED 962,500 (AED 448 per sqft)Sold, November 2012: AED 2,189,270 (AED 1,020 per sqft)Sold, August 2021: AED 1,640,645 (AED 764 per sqft)

1603 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1603, 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 2013: AED 200,000 a yearRenewal, September 2016: AED 225,000 a yearNew contract, February 2018: AED 175,000 a yearRenewal, February 2019: AED 170,000 a yearRenewal, February 2020: AED 96,000 a yearNew contract, September 2020: AED 100,000 a yearNew contract, March 2021: AED 100,000 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 1603 sits

All 182 3-beds →

1603 last sold in August 2021 at AED 764 per sqft, in line with what three-beds in 23 Marina Tower were fetching at the time (AED 752). 1603's AED 100,000 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 16th floor

All 289 units in 23 Marina Tower
Value
16013-bedAED 2.03M · Dec 2012
16022-bedAED 1.79M · Dec 2012
16043-bedAED 1.7M · Jul 2021
1605AED 2.08M · Aug 2025
16063-bedAED 1.87M · Apr 2022

1603, 23 Marina Tower in numbers

  • Sold 4 times: first on 5 July 2009 for AED 2,189,270, last on 8 August 2021 for AED 1,640,645 (AED 764 per sqft).
  • Rented since September 2013 on 7 Ejari contracts, from AED 200,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.1%, before a service charge of about AED 41,300 a year (AED 19.25 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 8 August 2021.

Questions about 1603, 23 Marina Tower

What did unit 1603 last sell for?

AED 1,640,645 on 8 August 2021: AED 764 per sqft for 2,146 sqft. The unit has 4 registered sales; the first was AED 2,189,270 in July 2009.

What is the rent for unit 1603?

AED 100,000 a year on the contract signed on 1 March 2021. The previous contract, from September 2020, was AED 100,000; the unit has been rented since September 2013.

How big is unit 1603?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 16th floor of a 88-storey tower completed in 2012.

What is unit 1603 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 1603, 23 Marina Tower

Starts from the last sale price (AED 1.64M, 8 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,640,645
Deposit, UAE resident (20%)
AED 328,129
Deposit, non-resident (40%)
AED 656,258
Monthly over 25 years at 3.7%
AED 6,712

Plus AED 73,917 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →