3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 40th floor · completed 2012

4001, 23 Marina Tower

Sold prices and rental history: sold 3 times, 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 4001 · DLD and Ejari recordsUpdated 29 May 2020
Last soldAED 2M19 December 2012
Current rentAED 160K /yr29 May 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4001, 23 Marina Tower

What is 4001 worth today?

Last sold for AED 2,000,000 in 2012

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29 May 2020RentedRenewal
AED 160,000/yr12 months · AED 54 per sqft
29 May 2019RentedNew contract
AED 170,000/yr12 months · AED 57 per sqft
24 Feb 2018RentedRenewal
AED 230,000/yr12 months · AED 77 per sqft
24 Feb 2016RentedRenewal
AED 250,000/yr12 months · AED 84 per sqft
24 Feb 2015RentedNew contract
AED 250,000/yr12 months · AED 84 per sqft
5 Feb 2013RentedNew contract
AED 235,000/yr12 months · AED 79 per sqft
19 Dec 2012SoldReady
AED 2,000,000AED 671 per sqft
17 Dec 2012SoldReady
AED 2,622,105AED 879 per sqft

Source: Dubai Land Department. Updated 29 May 2020.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
40th of 88
Parking
B2-31,32
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2M · December 2012

About 4001, 23 Marina Tower

4001 is a three-bedroom apartment of 2,980 sqft on the 40th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 19 December 2012 for AED 2,000,000, or AED 671 per sqft, 24% below the AED 885 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 29 May 2020, is AED 160,000 a year: a gross yield of 8.0% on the 2012 price, before the service charge of about AED 57,400 a year.

Sales and rents for 4001 over time

Sales
Unit 4001, 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 2,622,105 (AED 879 per sqft)Sold, December 2012: AED 2,000,000 (AED 671 per sqft)Sold, December 2012: AED 2,622,105 (AED 879 per sqft)

4001 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4001, 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, February 2013: AED 235,000 a yearNew contract, February 2015: AED 250,000 a yearRenewal, February 2016: AED 250,000 a yearRenewal, February 2018: AED 230,000 a yearNew contract, May 2019: AED 170,000 a yearRenewal, May 2020: AED 160,000 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 4001 sits

All 182 3-beds →

4001 last sold in December 2012 at AED 671 per sqft, 24% below what three-beds in 23 Marina Tower were fetching at the time (AED 885). 4001's AED 160,000 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 40th floor

All 289 units in 23 Marina Tower
Value
40023-bedAED 4.95M · May 2014
40033-bedAED 2.39M · Dec 2012
40043-bedAED 2.3M · May 2021

4001, 23 Marina Tower in numbers

  • Sold 3 times: first on 15 July 2009 for AED 2,622,105, last on 19 December 2012 for AED 2,000,000 (AED 671 per sqft).
  • Rented since February 2013 on 6 Ejari contracts, from AED 235,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2012 price is 8.0%, before a service charge of about AED 57,400 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 29 May 2020.

Questions about 4001, 23 Marina Tower

What did unit 4001 last sell for?

AED 2,000,000 on 19 December 2012: AED 671 per sqft for 2,980 sqft. The unit has 3 registered sales; the first was AED 2,622,105 in July 2009.

What is the rent for unit 4001?

AED 160,000 a year on the contract renewed on 29 May 2020. The previous contract, from May 2019, was AED 170,000; the unit has been rented since February 2013.

How big is unit 4001?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 40th floor of a 88-storey tower completed in 2012.

What is unit 4001 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 4001, 23 Marina Tower

Starts from the last sale price (AED 2M, 19 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →