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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 50th floor · completed 2012

5001, 23 Marina Tower

Sold prices and rental history: sold twice, last in February 2015, and rented once, from May 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5001 · DLD and Ejari recordsUpdated 8 February 2015
Last soldAED 5.6M8 February 2015
Current rentAED 270K /yr1 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5001, 23 Marina Tower

What is 5001 worth today?

Last sold for AED 5,600,000 in 2015

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8 Feb 2015SoldReady
AED 5,600,000AED 1,879 per sqft
1 May 2013RentedNew contract
AED 270,000/yr12 months · AED 91 per sqft
25 Mar 2013Sold by developerReady
AED 1,233,932AED 414 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 February 2015.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
50th of 88
Parking
B1-45,46
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 5.6M · February 2015
Building
23 Marina Tower

About 5001, 23 Marina Tower

5001 is a three-bedroom apartment of 2,980 sqft on the 50th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 8 February 2015 for AED 5,600,000, or AED 1,879 per sqft, 27% above the AED 1,485 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2013. The current contract, signed on 1 May 2013, is AED 270,000 a year: a gross yield of 4.8% on the 2015 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5001 over time

Sales
Unit 5001, each saleTypical three-bed in 23 Marina Tower
2M4M6M2009201420192024Typical 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, March 2013: AED 1,233,932 (AED 414 per sqft)Sold, February 2015: AED 5,600,000 (AED 1,879 per sqft)

5001 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5001, 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, May 2013: AED 270,000 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 5001 sits

All 182 3-beds →

5001 last sold in February 2015 at AED 1,879 per sqft, 27% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,485). 5001's AED 270,000 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 50th floor

All 289 units in 23 Marina Tower
Value
50023-bedAED 2.71M · Dec 2012
50033-bedAED 2.3M · Sep 2019
50043-bedAED 4.8M · Feb 2015

5001, 23 Marina Tower in numbers

  • Sold twice: first on 25 March 2013 for AED 1,233,932, last on 8 February 2015 for AED 5,600,000 (AED 1,879 per sqft).
  • Rented since May 2013 on one Ejari contract, at AED 270,000 a year.
  • At AED 270,000 a year the gross yield on the 2015 price is 4.8%, before a service charge of about AED 57,400 a year (AED 19.25 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 8 February 2015.

Questions about 5001, 23 Marina Tower

What did unit 5001 last sell for?

AED 5,600,000 on 8 February 2015: AED 1,879 per sqft for 2,980 sqft. The unit has 2 registered sales; the first was AED 1,233,932 in March 2013.

What is the rent for unit 5001?

AED 270,000 a year on the contract signed on 1 May 2013.

How big is unit 5001?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 50th floor of a 88-storey tower completed in 2012.

What is unit 5001 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 5001, 23 Marina Tower

Starts from the last sale price (AED 5.6M, 8 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,600,000
Deposit, UAE resident (20%)
AED 1,120,000
Deposit, non-resident (40%)
AED 2,240,000
Monthly over 25 years at 3.7%
AED 22,911

Plus AED 240,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →