3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 44th floor · completed 2012

4401, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in December 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4401 · DLD and Ejari recordsUpdated 15 May 2024
Last soldAED 5M12 December 2013
Current rentAED 275K /yr15 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4401, 23 Marina Tower

What is 4401 worth today?

Last sold for AED 5,000,000 in 2013

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15 May 2024RentedNew contract
AED 275,000/yr24 months · AED 92 per sqft
13 Dec 2023RentedNew contract
AED 255,000/yr12 months · AED 86 per sqft
1 Mar 2023RentedRenewal
AED 249,600/yr5 months · AED 84 per sqft
30 Oct 2022RentedRenewal
AED 215,575/yr4 months · AED 72 per sqft
30 Oct 2021RentedRenewal
AED 190,000/yr12 months · AED 64 per sqft
30 Oct 2019RentedRenewal
AED 199,500/yr12 months · AED 67 per sqft
30 Oct 2018RentedNew contract
AED 199,500/yr12 months · AED 67 per sqft
12 Dec 2013SoldReady
AED 5,000,000AED 1,678 per sqft

Source: Dubai Land Department. Updated 15 May 2024.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
44th of 88
Parking
B2-1,2
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 5M · December 2013

About 4401, 23 Marina Tower

4401 is a three-bedroom apartment of 2,980 sqft on the 44th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 12 December 2013 for AED 5,000,000, or AED 1,678 per sqft, 80% above the AED 931 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 15 May 2024, is AED 275,000 a year: a gross yield of 5.5% on the 2013 price, before the service charge of about AED 57,400 a year.

Sales and rents for 4401 over time

Sales
Unit 4401, 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 2,899,731 (AED 973 per sqft)Sold, December 2012: AED 2,899,731 (AED 973 per sqft)Sold, December 2013: AED 5,000,000 (AED 1,678 per sqft)

4401 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4401, each contractTypical three-bed in 23 Marina Tower
200K300K2012201620202024Typical 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, November 2012: AED 205,000 a yearNew contract, October 2018: AED 199,500 a yearRenewal, October 2019: AED 199,500 a yearRenewal, October 2021: AED 190,000 a yearRenewal, October 2022: AED 215,575 a yearRenewal, March 2023: AED 249,600 a yearNew contract, December 2023: AED 255,000 a yearNew contract, May 2024: AED 275,000 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 4401 sits

All 182 3-beds →

4401 last sold in December 2013 at AED 1,678 per sqft, 80% above what three-beds in 23 Marina Tower were fetching at the time (AED 931). 4401's AED 275,000 is in the upper 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 44th floor

All 289 units in 23 Marina Tower
Value
44023-bedAED 2.81M · Dec 2012
44033-bedAED 4M · Nov 2016
4404AED 5.24M · Dec 2012

4401, 23 Marina Tower in numbers

  • Sold 3 times: first on 16 July 2009 for AED 2,899,731, last on 12 December 2013 for AED 5,000,000 (AED 1,678 per sqft).
  • Rented since November 2012 on 8 Ejari contracts, from AED 205,000 to AED 275,000 a year.
  • At AED 275,000 a year the gross yield on the 2013 price is 5.5%, before a service charge of about AED 57,400 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 15 May 2024.

Questions about 4401, 23 Marina Tower

What did unit 4401 last sell for?

AED 5,000,000 on 12 December 2013: AED 1,678 per sqft for 2,980 sqft. The unit has 3 registered sales; the first was AED 2,899,731 in July 2009.

What is the rent for unit 4401?

AED 275,000 a year on the contract signed on 15 May 2024. The previous contract, from December 2023, was AED 255,000; the unit has been rented since November 2012.

How big is unit 4401?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 44th floor of a 88-storey tower completed in 2012.

What is unit 4401 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 4401, 23 Marina Tower

Starts from the last sale price (AED 5M, 12 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

Plus AED 215,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →