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3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 17th floor · completed 2012

1704, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in January 2018, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 4 January 2018
Last soldAED 2.2M4 January 2018
Current rentAED 205K /yr1 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1704, 23 Marina Tower

What is 1704 worth today?

Last sold for AED 2,200,000 in 2018

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4 Jan 2018SoldReady
AED 2,200,000AED 1,025 per sqft
1 Sep 2015RentedRenewal
AED 205,000/yr12 months · AED 96 per sqft
1 Sep 2014RentedNew contract
AED 205,000/yr12 months · AED 96 per sqft
13 Dec 2012SoldReady
AED 1,532,489AED 714 per sqft
1 Feb 2012Sold by developerOff-plan
AED 1,532,489AED 714 per sqft

Source: Dubai Land Department. Updated 4 January 2018.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
17th of 88
Parking
B4-64,89
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 2.2M · January 2018
Building
23 Marina Tower

About 1704, 23 Marina Tower

1704 is a three-bedroom apartment of 2,146 sqft on the 17th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 4 January 2018 for AED 2,200,000, or AED 1,025 per sqft, 12% below the AED 1,169 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 1 September 2015, is AED 205,000 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, February 2012: AED 1,532,489 (AED 714 per sqft)Sold, December 2012: AED 1,532,489 (AED 714 per sqft)Sold, January 2018: AED 2,200,000 (AED 1,025 per sqft)

1704 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1704, 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, September 2014: AED 205,000 a yearRenewal, September 2015: AED 205,000 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 1704 sits

All 182 3-beds →

1704 last sold in January 2018 at AED 1,025 per sqft, 12% below what three-beds in 23 Marina Tower were fetching at the time (AED 1,169). 1704's AED 205,000 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 17th floor

All 289 units in 23 Marina Tower
Value
17013-bedAED 1.7M · Dec 2012
17022-bedAED 2.06M · Apr 2016
17033-bedAED 1.75M · Dec 2012
17052-bedAED 1.15M · Jan 2020
17063-bedAED 1.97M · Feb 2013

1704, 23 Marina Tower in numbers

  • Sold 3 times: first on 1 February 2012 for AED 1,532,489, last on 4 January 2018 for AED 2,200,000 (AED 1,025 per sqft).
  • Rented since September 2014 on 2 Ejari contracts, at AED 205,000 a year.
  • At AED 205,000 a year the gross yield on the 2018 price is 9.3%, before a service charge of about AED 41,300 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 4 January 2018.

Questions about 1704, 23 Marina Tower

What did unit 1704 last sell for?

AED 2,200,000 on 4 January 2018: AED 1,025 per sqft for 2,146 sqft. The unit has 3 registered sales; the first was AED 1,532,489 in February 2012.

What is the rent for unit 1704?

AED 205,000 a year on the contract renewed on 1 September 2015. The previous contract, from September 2014, was AED 205,000.

How big is unit 1704?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 17th floor of a 88-storey tower completed in 2012.

What is unit 1704 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 1704, 23 Marina Tower

Starts from the last sale price (AED 2.2M, 4 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus AED 97,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →