3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 57th floor · completed 2012

5703, 23 Marina Tower

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

Unit 5703 · DLD and Ejari recordsUpdated 31 December 2023
Last soldAED 2.78M20 January 2013
Current rentAED 207K /yr31 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5703, 23 Marina Tower

What is 5703 worth today?

Last sold for AED 2,776,347 in 2013

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31 Dec 2023RentedRenewal
AED 207,113/yr5 months · AED 70 per sqft
31 Dec 2022RentedRenewal
AED 180,000/yr12 months · AED 60 per sqft
31 Dec 2021RentedRenewal
AED 165,000/yr12 months · AED 55 per sqft
31 Dec 2020RentedRenewal
AED 165,000/yr12 months · AED 55 per sqft
7 Oct 2016RentedNew contract
AED 220,000/yr12 months · AED 74 per sqft
20 May 2016RentedRenewal
AED 280,000/yr12 months · AED 94 per sqft
20 May 2015RentedNew contract
AED 280,000/yr12 months · AED 94 per sqft
20 May 2014RentedNew contract
AED 280,000/yr12 months · AED 94 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 December 2023.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
57th of 88
Parking
P3-62,63
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 2.78M · January 2013

About 5703, 23 Marina Tower

5703 is a three-bedroom apartment of 2,980 sqft on the 57th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 20 January 2013 for AED 2,776,347, or AED 931 per sqft, in line with the AED 911 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 31 December 2023, is AED 207,113 a year: a gross yield of 7.5% on the 2013 price, before the service charge of about AED 57,400 a year.

Sales and rents for 5703 over time

Sales
Unit 5703, 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 2,776,347 (AED 931 per sqft)Sold, January 2013: AED 2,776,347 (AED 931 per sqft)

5703 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5703, 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, May 2013: AED 218,000 a yearNew contract, May 2014: AED 280,000 a yearNew contract, May 2015: AED 280,000 a yearRenewal, May 2016: AED 280,000 a yearNew contract, October 2016: AED 220,000 a yearRenewal, December 2020: AED 165,000 a yearRenewal, December 2021: AED 165,000 a yearRenewal, December 2022: AED 180,000 a yearRenewal, December 2023: AED 207,113 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 5703 sits

All 182 3-beds →

5703 last sold in January 2013 at AED 931 per sqft, in line with what three-beds in 23 Marina Tower were fetching at the time (AED 911). 5703's AED 207,113 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 57th floor

All 289 units in 23 Marina Tower
Value
57013-bedAED 2.99M · Dec 2012
57023-bedAED 2.8M · Dec 2012
57043-bedAED 3.6M · Nov 2023

5703, 23 Marina Tower in numbers

  • Sold twice: first on 23 July 2009 for AED 2,776,347, last on 20 January 2013 for AED 2,776,347 (AED 931 per sqft).
  • Rented since May 2013 on 9 Ejari contracts. The rent fell from AED 218,000 to AED 165,000 in 2021 and recovered to AED 207,113 by December 2023.
  • At AED 207,113 a year the gross yield on the 2013 price is 7.5%, 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 31 December 2023.

Questions about 5703, 23 Marina Tower

What did unit 5703 last sell for?

AED 2,776,347 on 20 January 2013: AED 931 per sqft for 2,980 sqft. The unit has 2 registered sales; the first was AED 2,776,347 in July 2009.

What is the rent for unit 5703?

AED 207,113 a year on the contract renewed on 31 December 2023. The previous contract, from December 2022, was AED 180,000; the unit has been rented since May 2013.

How big is unit 5703?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 57th floor of a 88-storey tower completed in 2012.

What is unit 5703 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 5703, 23 Marina Tower

Starts from the last sale price (AED 2.78M, 20 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,776,347
Deposit, UAE resident (20%)
AED 555,269
Deposit, non-resident (40%)
AED 1,110,539
Monthly over 25 years at 3.7%
AED 11,359

Plus AED 121,617 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →