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2-bed · 1,617 sqft23 Marina Tower, Dubai Marina · 28th floor · completed 2012

2805, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2805 · DLD and Ejari recordsUpdated 10 April 2019
Last soldAED 1.62M10 December 2012
Current rentAED 125K /yr10 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2805, 23 Marina Tower

What is 2805 worth today?

Last sold for AED 1,622,230 in 2012

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10 Apr 2019RentedRenewal
AED 125,000/yr12 months · AED 77 per sqft
2 Mar 2017RentedRenewal
AED 152,000/yr12 months · AED 94 per sqft
2 Mar 2016RentedRenewal
AED 160,000/yr12 months · AED 99 per sqft
10 Mar 2013RentedNew contract
AED 145,000/yr12 months · AED 90 per sqft
10 Dec 2012SoldReady
AED 1,622,230AED 1,003 per sqft
6 Sep 2009Sold by developerOff-plan
AED 1,622,230AED 1,003 per sqft

Source: Dubai Land Department. Updated 10 April 2019.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
28th of 88
Parking
P3-61
Developer
Hircon International
Completed
2012
Service charge
AED 31,100 /yr
Last sold
AED 1.62M · December 2012
Building
23 Marina Tower

About 2805, 23 Marina Tower

2805 is a two-bedroom apartment of 1,617 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 10 December 2012 for AED 1,622,230, or AED 1,003 per sqft, 8% above the AED 929 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 10 April 2019, is AED 125,000 a year: a gross yield of 7.7% on the 2012 price, before the service charge of about AED 31,100 a year.

Sales and rents for 2805 over time

Sales
Unit 2805, 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, September 2009: AED 1,622,230 (AED 1,003 per sqft)Sold, December 2012: AED 1,622,230 (AED 1,003 per sqft)

2805 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2805, 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, March 2013: AED 145,000 a yearRenewal, March 2016: AED 160,000 a yearRenewal, March 2017: AED 152,000 a yearRenewal, April 2019: AED 125,000 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 2805 sits

All 46 2-beds →

2805 last sold in December 2012 at AED 1,003 per sqft, 8% above what two-beds in 23 Marina Tower were fetching at the time (AED 929). 2805's AED 125,000 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 28th floor

All 289 units in 23 Marina Tower
Value
28013-bedAED 876K · Mar 2013
28022-bedAED 1.58M · Dec 2012
28033-bedAED 2.4M · Jun 2016
28043-bedAED 1.25M · Nov 2012
28063-bedAED 2.13M · Dec 2012

2805, 23 Marina Tower in numbers

  • Sold twice: first on 6 September 2009 for AED 1,622,230, last on 10 December 2012 for AED 1,622,230 (AED 1,003 per sqft).
  • Rented since March 2013 on 4 Ejari contracts, from AED 145,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2012 price is 7.7%, before a service charge of about AED 31,100 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 10 April 2019.

Questions about 2805, 23 Marina Tower

What did unit 2805 last sell for?

AED 1,622,230 on 10 December 2012: AED 1,003 per sqft for 1,617 sqft. The unit has 2 registered sales; the first was AED 1,622,230 in September 2009.

What is the rent for unit 2805?

AED 125,000 a year on the contract renewed on 10 April 2019. The previous contract, from March 2017, was AED 152,000; the unit has been rented since March 2013.

How big is unit 2805?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 28th floor of a 88-storey tower completed in 2012.

What is unit 2805 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 2805, 23 Marina Tower

Starts from the last sale price (AED 1.62M, 10 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,622,230
Deposit, UAE resident (20%)
AED 324,446
Deposit, non-resident (40%)
AED 648,892
Monthly over 25 years at 3.7%
AED 6,637

Plus AED 73,143 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →