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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 48th floor · completed 2012

4801, 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 4801 · DLD and Ejari recordsUpdated 24 September 2017
Last soldAED 2.39M16 December 2012
Current rentAED 223K /yr24 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4801, 23 Marina Tower

What is 4801 worth today?

Last sold for AED 2,390,742 in 2012

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24 Sep 2017RentedRenewal
AED 222,750/yr12 months · AED 75 per sqft
24 Sep 2016RentedNew contract
AED 247,500/yr12 months · AED 83 per sqft
24 Sep 2015RentedRenewal
AED 275,000/yr12 months · AED 92 per sqft
15 Mar 2014RentedNew contract
AED 250,000/yr12 months · AED 84 per sqft
15 Mar 2013RentedNew contract
AED 250,000/yr12 months · AED 84 per sqft
16 Dec 2012SoldReady
AED 2,390,742AED 802 per sqft
30 Dec 2010Sold by developerOff-plan
AED 2,390,742AED 802 per sqft

Source: Dubai Land Department. Updated 24 September 2017.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
48th of 88
Parking
B1-61,62
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2.39M · December 2012
Building
23 Marina Tower

About 4801, 23 Marina Tower

4801 is a three-bedroom apartment of 2,980 sqft on the 48th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 16 December 2012 for AED 2,390,742, or AED 802 per sqft, 9% below the AED 885 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 24 September 2017, is AED 222,750 a year: a gross yield of 9.3% on the 2012 price, before the service charge of about AED 57,400 a year.

Sales and rents for 4801 over time

Sales
Unit 4801, 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, December 2010: AED 2,390,742 (AED 802 per sqft)Sold, December 2012: AED 2,390,742 (AED 802 per sqft)

4801 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4801, 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, March 2013: AED 250,000 a yearNew contract, March 2014: AED 250,000 a yearRenewal, September 2015: AED 275,000 a yearNew contract, September 2016: AED 247,500 a yearRenewal, September 2017: AED 222,750 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 4801 sits

All 182 3-beds →

4801 last sold in December 2012 at AED 802 per sqft, 9% below what three-beds in 23 Marina Tower were fetching at the time (AED 885). 4801's AED 222,750 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 48th floor

All 289 units in 23 Marina Tower
Value
48023-bedAED 1.4M · Jul 2019
48033-bedAED 3.85M · Dec 2023
48043-bedAED 2.62M · Dec 2012

4801, 23 Marina Tower in numbers

  • Sold twice: first on 30 December 2010 for AED 2,390,742, last on 16 December 2012 for AED 2,390,742 (AED 802 per sqft).
  • Rented since March 2013 on 5 Ejari contracts, from AED 250,000 to AED 222,750 a year.
  • At AED 222,750 a year the gross yield on the 2012 price is 9.3%, before a service charge of about AED 57,400 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 24 September 2017.

Questions about 4801, 23 Marina Tower

What did unit 4801 last sell for?

AED 2,390,742 on 16 December 2012: AED 802 per sqft for 2,980 sqft. The unit has 2 registered sales; the first was AED 2,390,742 in December 2010.

What is the rent for unit 4801?

AED 222,750 a year on the contract renewed on 24 September 2017. The previous contract, from September 2016, was AED 247,500; the unit has been rented since March 2013.

How big is unit 4801?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 48th floor of a 88-storey tower completed in 2012.

What is unit 4801 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 4801, 23 Marina Tower

Starts from the last sale price (AED 2.39M, 16 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,390,742
Deposit, UAE resident (20%)
AED 478,148
Deposit, non-resident (40%)
AED 956,297
Monthly over 25 years at 3.7%
AED 9,781

Plus AED 105,421 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →