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

5704, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in November 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5704 · DLD and Ejari recordsUpdated 23 November 2023
Last soldAED 3.6M23 November 2023
Current rentAED 162K /yr22 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5704, 23 Marina Tower

What is 5704 worth today?

Last sold for AED 3,600,000 in 2023

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23 Nov 2023SoldReady
AED 3,600,000AED 1,208 per sqft
22 May 2021RentedRenewal
AED 162,000/yr12 months · AED 54 per sqft
22 May 2020RentedRenewal
AED 162,000/yr12 months · AED 54 per sqft
4 Mar 2013SoldReady
AED 3,550,000AED 1,191 per sqft
25 Dec 2012SoldReady
AED 2,740,560AED 919 per sqft
20 Jul 2009Sold by developerOff-plan
AED 2,740,560AED 919 per sqft

Source: Dubai Land Department. Updated 23 November 2023.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
57th of 88
Parking
P1-48,49
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 3.6M · November 2023
Building
23 Marina Tower

About 5704, 23 Marina Tower

5704 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 23 November 2023 for AED 3,600,000, or AED 1,208 per sqft, in line with the AED 1,206 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 22 May 2021, is AED 162,000 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 5704 over time

Sales
Unit 5704, 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 2,740,560 (AED 919 per sqft)Sold, December 2012: AED 2,740,560 (AED 919 per sqft)Sold, March 2013: AED 3,550,000 (AED 1,191 per sqft)Sold, November 2023: AED 3,600,000 (AED 1,208 per sqft)

5704 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5704, 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 250,000Renewal, May 2020: AED 162,000 a yearRenewal, May 2021: AED 162,000 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 5704 sits

All 182 3-beds →

5704 last sold in November 2023 at AED 1,208 per sqft, in line with what three-beds in 23 Marina Tower were fetching at the time (AED 1,206). 5704's AED 162,000 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 57th floor

All 289 units in 23 Marina Tower
Value
57013-bedAED 2.99M · Dec 2012
57023-bedAED 2.8M · Dec 2012
57033-bedAED 2.78M · Jan 2013

5704, 23 Marina Tower in numbers

  • Sold 4 times: first on 20 July 2009 for AED 2,740,560, last on 23 November 2023 for AED 3,600,000 (AED 1,208 per sqft).
  • Rented since May 2020 on 2 Ejari contracts, at AED 162,000 a year.
  • At AED 162,000 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 23 November 2023.

Questions about 5704, 23 Marina Tower

What did unit 5704 last sell for?

AED 3,600,000 on 23 November 2023: AED 1,208 per sqft for 2,980 sqft. The unit has 4 registered sales; the first was AED 2,740,560 in July 2009.

What is the rent for unit 5704?

AED 162,000 a year on the contract renewed on 22 May 2021. The previous contract, from May 2020, was AED 162,000.

How big is unit 5704?

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 5704 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 5704, 23 Marina Tower

Starts from the last sale price (AED 3.6M, 23 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

Plus AED 156,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →