2-bed · 1,617 sqft23 Marina Tower, Dubai Marina · 18th floor · completed 2012

1802, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in July 2020, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1802 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.18M19 July 2020
Current rentAED 150K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1802, 23 Marina Tower

What is 1802 worth today?

Last sold for AED 1,175,000 in 2020

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1 Oct 2024RentedNew contract
AED 150,000/yr12 months · AED 93 per sqft
1 Feb 2023RentedNew contract
AED 140,000/yr12 months · AED 87 per sqft
1 Mar 2022RentedNew contract
AED 130,000/yr12 months · AED 80 per sqft
14 Feb 2021RentedNew contract
AED 95,000/yr12 months · AED 59 per sqft
19 Jul 2020SoldReady
AED 1,175,000AED 726 per sqft
1 Dec 2019RentedNew contract
AED 117,000/yr12 months · AED 72 per sqft
3 Jun 2018RentedRenewal
AED 135,000/yr12 months · AED 84 per sqft
3 Jun 2017RentedNew contract
AED 150,000/yr12 months · AED 93 per sqft

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

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
18th of 88
Parking
B1-5
Developer
Hircon International
Completed
2012
Service charge
AED 31,100 /yr
Last sold
AED 1.18M · July 2020

About 1802, 23 Marina Tower

1802 is a two-bedroom apartment of 1,617 sqft on the 18th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 19 July 2020 for AED 1,175,000, or AED 726 per sqft, in line with the AED 711 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 1 October 2024, is AED 150,000 a year: a gross yield of 12.8% on the 2020 price, before the service charge of about AED 31,100 a year.

Sales and rents for 1802 over time

Sales
Unit 1802, 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, July 2009: AED 1,323,398 (AED 818 per sqft)Sold, December 2012: AED 1,323,398 (AED 818 per sqft)Sold, July 2020: AED 1,175,000 (AED 726 per sqft)

1802 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1802, 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, December 2015: AED 160,000 a yearNew contract, June 2016: AED 150,000 a yearNew contract, June 2017: AED 150,000 a yearRenewal, June 2018: AED 135,000 a yearNew contract, December 2019: AED 117,000 a yearNew contract, February 2021: AED 95,000 a yearNew contract, March 2022: AED 130,000 a yearNew contract, February 2023: AED 140,000 a yearNew contract, October 2024: AED 150,000 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 1802 sits

All 46 2-beds →

1802 last sold in July 2020 at AED 726 per sqft, in line with what two-beds in 23 Marina Tower were fetching at the time (AED 711). 1802's AED 150,000 is in the upper half 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 18th floor

All 289 units in 23 Marina Tower
Value
18013-bedAED 2.45M · Aug 2016
18033-bedAED 2.49M · Apr 2013
18043-bedAED 2.51M · Apr 2017
18052-bedAED 1.88M · Aug 2017
18063-bedAED 1.97M · Dec 2012

1802, 23 Marina Tower in numbers

  • Sold 3 times: first on 15 July 2009 for AED 1,323,398, last on 19 July 2020 for AED 1,175,000 (AED 726 per sqft).
  • Rented since December 2015 on 9 Ejari contracts. The rent fell from AED 160,000 to AED 95,000 in 2021 and recovered to AED 150,000 by October 2024.
  • At AED 150,000 a year the gross yield on the 2020 price is 12.8%, 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 October 2024.

Questions about 1802, 23 Marina Tower

What did unit 1802 last sell for?

AED 1,175,000 on 19 July 2020: AED 726 per sqft for 1,617 sqft. The unit has 3 registered sales; the first was AED 1,323,398 in July 2009.

What is the rent for unit 1802?

AED 150,000 a year on the contract signed on 1 October 2024. The previous contract, from February 2023, was AED 140,000; the unit has been rented since December 2015.

How big is unit 1802?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 18th floor of a 88-storey tower completed in 2012.

What is unit 1802 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 1802, 23 Marina Tower

Starts from the last sale price (AED 1.18M, 19 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

Plus AED 54,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →