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3-bed · 2,980 sqft23 Marina Tower, Dubai Marina · 58th floor · completed 2012

5802, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in January 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5802 · DLD and Ejari recordsUpdated 26 January 2023
Last soldAED 4.1M26 January 2023
Current rentAED 185K /yr26 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5802, 23 Marina Tower

What is 5802 worth today?

Last sold for AED 4,100,000 in 2023

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26 Jan 2023SoldReady
AED 4,100,000AED 1,375 per sqft
21 Sep 2021SoldReady
AED 2,300,000AED 771 per sqft
26 Aug 2018RentedNew contract
AED 185,000/yr12 months · AED 62 per sqft
12 Aug 2016RentedRenewal
AED 215,000/yr12 months · AED 72 per sqft
12 Aug 2015RentedNew contract
AED 215,000/yr12 months · AED 72 per sqft
25 Dec 2012SoldReady
AED 2,560,409AED 859 per sqft
23 Jul 2009Sold by developerOff-plan
AED 2,560,409AED 859 per sqft

Source: Dubai Land Department. Updated 26 January 2023.

Key facts

Type
3-bed apartment
Size
2,980 sqft
Floor
58th of 88
Parking
P3-56,57
Developer
Hircon International
Completed
2012
Service charge
AED 57,400 /yr
Last sold
AED 4.1M · January 2023
Building
23 Marina Tower

About 5802, 23 Marina Tower

5802 is a three-bedroom apartment of 2,980 sqft on the 58th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 26 January 2023 for AED 4,100,000, or AED 1,375 per sqft, 40% above the AED 979 three-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 26 August 2018, is AED 185,000 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 5802 over time

Sales
Unit 5802, 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 2,560,409 (AED 859 per sqft)Sold, December 2012: AED 2,560,409 (AED 859 per sqft)Sold, September 2021: AED 2,300,000 (AED 771 per sqft)Sold, January 2023: AED 4,100,000 (AED 1,375 per sqft)

5802 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5802, 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 2015: AED 215,000 a yearRenewal, August 2016: AED 215,000 a yearNew contract, August 2018: AED 185,000 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 5802 sits

All 182 3-beds →

5802 last sold in January 2023 at AED 1,375 per sqft, 40% above what three-beds in 23 Marina Tower were fetching at the time (AED 979). 5802's AED 185,000 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 58th floor

All 289 units in 23 Marina Tower
Value
58013-bedAED 5.4M · Apr 2015
58033-bedAED 2.71M · Dec 2012
58043-bedAED 3.75M · Oct 2022

5802, 23 Marina Tower in numbers

  • Sold 4 times: first on 23 July 2009 for AED 2,560,409, last on 26 January 2023 for AED 4,100,000 (AED 1,375 per sqft).
  • Rented since August 2015 on 3 Ejari contracts, from AED 215,000 to AED 185,000 a year.
  • At AED 185,000 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 26 January 2023.

Questions about 5802, 23 Marina Tower

What did unit 5802 last sell for?

AED 4,100,000 on 26 January 2023: AED 1,375 per sqft for 2,980 sqft. The unit has 4 registered sales; the first was AED 2,560,409 in July 2009.

What is the rent for unit 5802?

AED 185,000 a year on the contract signed on 26 August 2018. The previous contract, from August 2016, was AED 215,000; the unit has been rented since August 2015.

How big is unit 5802?

2,980 sqft (276.9 sqm): a three-bedroom apartment on the 58th floor of a 88-storey tower completed in 2012.

What is unit 5802 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 5802, 23 Marina Tower

Starts from the last sale price (AED 4.1M, 26 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,100,000
Deposit, UAE resident (20%)
AED 820,000
Deposit, non-resident (40%)
AED 1,640,000
Monthly over 25 years at 3.7%
AED 16,774

Plus AED 177,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →