2-bed · 1,617 sqft23 Marina Tower, Dubai Marina · 17th floor · completed 2012

1705, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in January 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1705 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 1.15M27 January 2020
Current rentAED 80K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1705, 23 Marina Tower

What is 1705 worth today?

Last sold for AED 1,150,000 in 2020

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1 Mar 2024RentedNew contract
AED 80,000/yr36 months · AED 50 per sqft
14 Feb 2023RentedNew contract
AED 100,000/yr36 months · AED 62 per sqft
10 Aug 2020RentedNew contract
AED 160,000/yr24 months · AED 99 per sqft
27 Jan 2020SoldReady
AED 1,150,000AED 711 per sqft
1 Apr 2013RentedNew contract
AED 128,000/yr12 months · AED 79 per sqft
10 Feb 2013SoldReady
AED 1,536,849AED 950 per sqft
17 Aug 2009Sold by developerOff-plan
AED 1,536,849AED 950 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2024.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
17th of 88
Parking
B4-70
Developer
Hircon International
Completed
2012
Service charge
AED 31,100 /yr
Last sold
AED 1.15M · January 2020

About 1705, 23 Marina Tower

1705 is a two-bedroom apartment of 1,617 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 27 January 2020 for AED 1,150,000, or AED 711 per sqft.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 March 2024, is AED 80,000 a year: a gross yield of 7.0% on the 2020 price, before the service charge of about AED 31,100 a year.

Sales and rents for 1705 over time

Sales
Unit 1705, each saleTypical two-bed in 23 Marina Tower
1M2M2009201320172021Typical sale price by year: 2009 AED 1,536,849; 2010 AED 1,404,509; 2012 AED 1,502,697; 2013 AED 1,408,778; 2014 AED 2,400,000; 2016 AED 1,985,000; 2018 AED 1,950,000; 2020 AED 1,150,000; 2021 AED 1,250,000; 2023 AED 1,787,500Sold by developer, August 2009: AED 1,536,849 (AED 950 per sqft)Sold, February 2013: AED 1,536,849 (AED 950 per sqft)Sold, January 2020: AED 1,150,000 (AED 711 per sqft)

1705 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1705, each contractTypical two-bed in 23 Marina Tower
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 132,500; 2014 AED 150,000; 2015 AED 150,000; 2016 AED 150,000; 2017 AED 145,000; 2018 AED 128,500; 2019 AED 119,669; 2020 AED 100,000; 2021 AED 93,500; 2022 AED 105,000; 2023 AED 123,000; 2024 AED 140,000; 2025 AED 150,000New contract, April 2013: AED 128,000 a yearNew contract, August 2020: AED 160,000 a yearNew contract, February 2023: AED 100,000 a yearNew contract, March 2024: AED 80,000 a year

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 1705 sits

All 46 2-beds →

1705's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 May 20252,438,815
17 Dec 20242,200,000
4 Jun 20242,010,000
21 Dec 20232,325,000
0 2-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
17043-bedAED 2.2M · Jan 2018
17063-bedAED 1.97M · Feb 2013

1705, 23 Marina Tower in numbers

  • Sold 3 times: first on 17 August 2009 for AED 1,536,849, last on 27 January 2020 for AED 1,150,000 (AED 711 per sqft).
  • Rented since April 2013 on 4 Ejari contracts, from AED 128,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 7.0%, before a service charge of about AED 31,100 a year (AED 19.25 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2024.

Questions about 1705, 23 Marina Tower

What did unit 1705 last sell for?

AED 1,150,000 on 27 January 2020: AED 711 per sqft for 1,617 sqft. The unit has 3 registered sales; the first was AED 1,536,849 in August 2009.

What is the rent for unit 1705?

AED 80,000 a year on the contract signed on 1 March 2024. The previous contract, from February 2023, was AED 100,000; the unit has been rented since April 2013.

How big is unit 1705?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 17th floor of a 88-storey tower completed in 2012.

What is unit 1705 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 1705, 23 Marina Tower

Starts from the last sale price (AED 1.15M, 27 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

Plus AED 53,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →