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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 37th floor · completed 2012

3703, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in July 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3703 · DLD and Ejari recordsUpdated 18 July 2022
Last soldAED 2.9M18 July 2022
Current rentAED 180K /yr5 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3703, 23 Marina Tower

What is 3703 worth today?

Last sold for AED 2,900,000 in 2022

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18 Jul 2022SoldReady
AED 2,900,000AED 973 per sqft
29 Jul 2019SoldReady
AED 2,100,000AED 704 per sqft
5 Aug 2018RentedRenewal
AED 180,000/yr12 months · AED 60 per sqft
5 Aug 2017RentedNew contract
AED 180,000/yr12 months · AED 60 per sqft
28 Nov 2012Sold by developerReady
AED 1,542,415AED 517 per sqft

Source: Dubai Land Department. Updated 18 July 2022.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
37th of 88
Parking
B2-49,50
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2.9M · July 2022
Building
23 Marina Tower

About 3703, 23 Marina Tower

3703 is a three-bedroom apartment of 2,980 sqft on the 37th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 18 July 2022 for AED 2,900,000, or AED 973 per sqft, 15% above the AED 849 three-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 5 August 2018, is AED 180,000 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 57,400 a year.

Sales and rents for 3703 over time

Sales
Unit 3703, 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, November 2012: AED 1,542,415 (AED 517 per sqft)Sold, July 2019: AED 2,100,000 (AED 704 per sqft)Sold, July 2022: AED 2,900,000 (AED 973 per sqft)

3703 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3703, 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, August 2017: AED 180,000 a yearRenewal, August 2018: AED 180,000 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 3703 sits

All 182 3-beds →

3703 last sold in July 2022 at AED 973 per sqft, 15% above what three-beds in 23 Marina Tower were fetching at the time (AED 849). 3703's AED 180,000 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 37th floor

All 289 units in 23 Marina Tower
Value
37013-bedAED 2.9M · Jan 2022
37023-bedAED 2.78M · Dec 2012
37043-bedAED 4.74M · Mar 2014

3703, 23 Marina Tower in numbers

  • Sold 3 times: first on 28 November 2012 for AED 1,542,415, last on 18 July 2022 for AED 2,900,000 (AED 973 per sqft).
  • Rented since August 2017 on 2 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 57,400 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 18 July 2022.

Questions about 3703, 23 Marina Tower

What did unit 3703 last sell for?

AED 2,900,000 on 18 July 2022: AED 973 per sqft for 2,980 sqft. The unit has 3 registered sales; the first was AED 1,542,415 in November 2012.

What is the rent for unit 3703?

AED 180,000 a year on the contract renewed on 5 August 2018. The previous contract, from August 2017, was AED 180,000.

How big is unit 3703?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 37th floor of a 88-storey tower completed in 2012.

What is unit 3703 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 3703, 23 Marina Tower

Starts from the last sale price (AED 2.9M, 18 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →