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

5003, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in September 2019, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5003 · DLD and Ejari recordsUpdated 23 September 2019
Last soldAED 2.3M23 September 2019
Current rentAED 190K /yr5 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5003, 23 Marina Tower

What is 5003 worth today?

Last sold for AED 2,300,000 in 2019

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23 Sep 2019SoldReady
AED 2,300,000AED 771 per sqft
5 Sep 2018RentedRenewal
AED 190,000/yr12 months · AED 64 per sqft
24 Apr 2013RentedNew contract
AED 210,000/yr12 months · AED 70 per sqft
25 Dec 2012SoldReady
AED 3,701,796AED 1,242 per sqft
16 Nov 2009Sold by developerOff-plan
AED 3,701,796AED 1,242 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 September 2019.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
50th of 88
Parking
P1-8,31
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2.3M · September 2019
Building
23 Marina Tower

About 5003, 23 Marina Tower

5003 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 23 September 2019 for AED 2,300,000, or AED 771 per sqft, 16% below the AED 922 three-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, renewed on 5 September 2018, is AED 190,000 a year: a gross yield of 8.3% on the 2019 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5003 over time

Sales
Unit 5003, 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 2009: AED 3,701,796 (AED 1,242 per sqft)Sold, December 2012: AED 3,701,796 (AED 1,242 per sqft)Sold, September 2019: AED 2,300,000 (AED 771 per sqft)

5003 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5003, 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, April 2013: AED 210,000 a yearRenewal, September 2018: AED 190,000 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 5003 sits

All 182 3-beds →

5003 last sold in September 2019 at AED 771 per sqft, 16% below what three-beds in 23 Marina Tower were fetching at the time (AED 922). 5003's AED 190,000 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 50th floor

All 289 units in 23 Marina Tower
Value
50013-bedAED 5.6M · Feb 2015
50023-bedAED 2.71M · Dec 2012
50043-bedAED 4.8M · Feb 2015

5003, 23 Marina Tower in numbers

  • Sold 3 times: first on 16 November 2009 for AED 3,701,796, last on 23 September 2019 for AED 2,300,000 (AED 771 per sqft).
  • Rented since April 2013 on 2 Ejari contracts, from AED 210,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2019 price is 8.3%, 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 23 September 2019.

Questions about 5003, 23 Marina Tower

What did unit 5003 last sell for?

AED 2,300,000 on 23 September 2019: AED 771 per sqft for 2,980 sqft. The unit has 3 registered sales; the first was AED 3,701,796 in November 2009.

What is the rent for unit 5003?

AED 190,000 a year on the contract renewed on 5 September 2018. The previous contract, from April 2013, was AED 210,000.

How big is unit 5003?

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 5003 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 5003, 23 Marina Tower

Starts from the last sale price (AED 2.3M, 23 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →