3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 55th floor · completed 2012

5504, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5504 · DLD and Ejari recordsUpdated 5 July 2023
Last soldAED 3.59M5 July 2023
Current rentAED 160K /yr15 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5504, 23 Marina Tower

What is 5504 worth today?

Last sold for AED 3,590,000 in 2023

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5 Jul 2023SoldReady
AED 3,590,000AED 1,204 per sqft
15 Nov 2021RentedNew contract
AED 160,000/yr12 months · AED 54 per sqft
15 Oct 2018RentedNew contract
AED 160,000/yr12 months · AED 54 per sqft
8 Feb 2018RentedRenewal
AED 210,000/yr6 months · AED 70 per sqft
8 Feb 2016RentedRenewal
AED 215,000/yr12 months · AED 72 per sqft
15 Aug 2013RentedNew contract
AED 249,330/yr12 months · AED 84 per sqft
27 May 2013SoldReady
AED 2,159,381AED 724 per sqft
3 Jul 2012Sold by developerOff-plan
AED 2,159,381AED 724 per sqft

Source: Dubai Land Department. Updated 5 July 2023.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
55th of 88
Parking
B1-70,68
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 3.59M · July 2023

About 5504, 23 Marina Tower

5504 is a three-bedroom apartment of 2,980 sqft on the 55th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 5 July 2023 for AED 3,590,000, or AED 1,204 per sqft, 3% above the AED 1,164 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 15 November 2021, is AED 160,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5504 over time

Sales
Unit 5504, 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 2012: AED 2,159,381 (AED 724 per sqft)Sold, May 2013: AED 2,159,381 (AED 724 per sqft)Sold, July 2023: AED 3,590,000 (AED 1,204 per sqft)

5504 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5504, 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, August 2013: AED 249,330 a yearRenewal, February 2016: AED 215,000 a yearRenewal, February 2018: AED 210,000 a yearNew contract, October 2018: AED 160,000 a yearNew contract, November 2021: 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 5504 sits

All 182 3-beds →

5504 last sold in July 2023 at AED 1,204 per sqft, 3% above what three-beds in 23 Marina Tower were fetching at the time (AED 1,164). 5504'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 55th floor

All 289 units in 23 Marina Tower
Value
55013-bedAED 4.75M · Jan 2025
55023-bedAED 4.7M · Aug 2024
55033-bedAED 3.68M · Mar 2023

5504, 23 Marina Tower in numbers

  • Sold 3 times: first on 3 July 2012 for AED 2,159,381, last on 5 July 2023 for AED 3,590,000 (AED 1,204 per sqft).
  • Rented since August 2013 on 5 Ejari contracts, from AED 249,330 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 57,400 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 5 July 2023.

Questions about 5504, 23 Marina Tower

What did unit 5504 last sell for?

AED 3,590,000 on 5 July 2023: AED 1,204 per sqft for 2,980 sqft. The unit has 3 registered sales; the first was AED 2,159,381 in July 2012.

What is the rent for unit 5504?

AED 160,000 a year on the contract signed on 15 November 2021. The previous contract, from October 2018, was AED 160,000; the unit has been rented since August 2013.

How big is unit 5504?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 55th floor of a 88-storey tower completed in 2012.

What is unit 5504 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 5504, 23 Marina Tower

Starts from the last sale price (AED 3.59M, 5 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,590,000
Deposit, UAE resident (20%)
AED 718,000
Deposit, non-resident (40%)
AED 1,436,000
Monthly over 25 years at 3.7%
AED 14,688

Plus AED 155,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →