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3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 28th floor · completed 2012

2803, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in June 2016, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2803 · DLD and Ejari recordsUpdated 29 June 2016
Last soldAED 2.4M29 June 2016
Current rentAED 154K /yr1 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2803, 23 Marina Tower

What is 2803 worth today?

Last sold for AED 2,400,000 in 2016

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29 Jun 2016SoldReady
AED 2,400,000AED 1,118 per sqft
1 Jul 2014RentedNew contract
AED 154,100/yr12 months · AED 72 per sqft
1 Jul 2013RentedNew contract
AED 134,000/yr12 months · AED 63 per sqft
24 Dec 2012SoldReady
AED 1,915,613AED 892 per sqft
1 Jul 2012RentedNew contract
AED 130,000/yr12 months · AED 61 per sqft
14 Jul 2009Sold by developerOff-plan
AED 1,915,613AED 892 per sqft

Source: Dubai Land Department. Updated 29 June 2016.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
28th of 88
Parking
B3-3,4
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 2.4M · June 2016
Building
23 Marina Tower

About 2803, 23 Marina Tower

2803 is a three-bedroom apartment of 2,146 sqft on the 28th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 29 June 2016 for AED 2,400,000, or AED 1,118 per sqft, 9% below the AED 1,226 three-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 July 2014, is AED 154,100 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 41,300 a year.

Sales and rents for 2803 over time

Sales
Unit 2803, 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 1,915,613 (AED 892 per sqft)Sold, December 2012: AED 1,915,613 (AED 892 per sqft)Sold, June 2016: AED 2,400,000 (AED 1,118 per sqft)

2803 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2803, 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, July 2012: AED 130,000 a yearNew contract, July 2013: AED 134,000 a yearNew contract, July 2014: AED 154,100 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 2803 sits

All 182 3-beds →

2803 last sold in June 2016 at AED 1,118 per sqft, 9% below what three-beds in 23 Marina Tower were fetching at the time (AED 1,226). 2803's AED 154,100 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 28th floor

All 289 units in 23 Marina Tower
Value
28013-bedAED 876K · Mar 2013
28022-bedAED 1.58M · Dec 2012
28043-bedAED 1.25M · Nov 2012
28052-bedAED 1.62M · Dec 2012
28063-bedAED 2.13M · Dec 2012

2803, 23 Marina Tower in numbers

  • Sold 3 times: first on 14 July 2009 for AED 1,915,613, last on 29 June 2016 for AED 2,400,000 (AED 1,118 per sqft).
  • Rented since July 2012 on 3 Ejari contracts, from AED 130,000 to AED 154,100 a year.
  • At AED 154,100 a year the gross yield on the 2016 price is 6.4%, before a service charge of about AED 41,300 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 29 June 2016.

Questions about 2803, 23 Marina Tower

What did unit 2803 last sell for?

AED 2,400,000 on 29 June 2016: AED 1,118 per sqft for 2,146 sqft. The unit has 3 registered sales; the first was AED 1,915,613 in July 2009.

What is the rent for unit 2803?

AED 154,100 a year on the contract signed on 1 July 2014. The previous contract, from July 2013, was AED 134,000; the unit has been rented since July 2012.

How big is unit 2803?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 28th floor of a 88-storey tower completed in 2012.

What is unit 2803 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 2803, 23 Marina Tower

Starts from the last sale price (AED 2.4M, 29 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

Plus AED 105,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →