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4-bed · 5,645 sqft23 Marina Tower, Dubai Marina · 70th floor · completed 2012

7003, 23 Marina Tower

Sold prices and rental history: sold once, by the developer in March 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7003 · DLD and Ejari recordsUpdated 25 September 2024
Last soldAED 2.31M25 March 2013
Current rentAED 240K /yr25 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7003, 23 Marina Tower

What is 7003 worth today?

Last sold for AED 2,310,356 in 2013

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25 Sep 2024RentedRenewal
AED 240,000/yr12 months · AED 43 per sqft
25 Sep 2023RentedRenewal
AED 240,000/yr12 months · AED 43 per sqft
25 Sep 2021RentedRenewal
AED 240,000/yr12 months · AED 43 per sqft
25 Sep 2020RentedRenewal
AED 240,000/yr12 months · AED 43 per sqft
25 Sep 2019RentedNew contract
AED 240,000/yr12 months · AED 43 per sqft
20 Oct 2015RentedNew contract
AED 450,000/yr12 months · AED 80 per sqft
20 Oct 2014RentedNew contract
AED 450,000/yr12 months · AED 80 per sqft
25 Mar 2013Sold by developerReady
AED 2,310,356AED 409 per sqft

Source: Dubai Land Department. Updated 25 September 2024.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
70th of 88
Parking
P2-66,67,68
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 2.31M · March 2013
Building
23 Marina Tower

About 7003, 23 Marina Tower

7003 is a four-bedroom apartment of 5,645 sqft on the 70th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. The developer sold it on 25 March 2013 for AED 2,310,356, or AED 409 per sqft, 59% below the AED 1,002 four-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 25 September 2024, is AED 240,000 a year: a gross yield of 10.4% on the 2013 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7003 over time

Sales
Unit 7003, each saleTypical four-bed in 23 Marina Tower
5M10M2009201420192024Typical sale price by year: 2009 AED 5,775,750; 2012 AED 5,655,698; 2013 AED 6,939,854; 2014 AED 9,800,000; 2015 AED 8,212,420; 2021 AED 6,500,000; 2022 AED 7,300,000; 2023 AED 8,200,000; 2025 AED 12,700,000Sold by developer, March 2013: AED 2,310,356 (AED 409 per sqft)

7003 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7003, each contractTypical four-bed in 23 Marina Tower
200K400K2012201620202024Typical rent by year: 2012 AED 350,000; 2013 AED 370,000; 2014 AED 425,000; 2015 AED 425,000; 2016 AED 400,000; 2017 AED 372,500; 2018 AED 350,000; 2019 AED 307,406; 2020 AED 275,000; 2021 AED 295,000; 2022 AED 354,300; 2023 AED 340,000; 2024 AED 462,000; 2025 AED 492,550New contract, October 2014: AED 450,000 a yearNew contract, October 2015: AED 450,000 a yearNew contract, September 2019: AED 240,000 a yearRenewal, September 2020: AED 240,000 a yearRenewal, September 2021: AED 240,000 a yearRenewal, September 2023: AED 240,000 a yearRenewal, September 2024: AED 240,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in 23 Marina Tower, and where 7003 sits

All 45 4-beds →

7003 last sold in March 2013 at AED 409 per sqft, 59% below what four-beds in 23 Marina Tower were fetching at the time (AED 1,002).

Recent 4-bed salesUnit no.Price (AED)Summary
24 Jun 202512,400,000
18 Mar 202513,800,000
27 Jan 202513,000,000
6 Jan 202512,200,000
0 4-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 70th floor

All 289 units in 23 Marina Tower
Value
70014-bedAED 6.06M · Dec 2012
70024-bedAED 6.3M · Dec 2012
70044-bedAED 7.8M · Jan 2023

7003, 23 Marina Tower in numbers

  • Sold once: by Hircon International on 25 March 2013 for AED 2,310,356, or AED 409 per sqft.
  • Rented since October 2014 on 7 Ejari contracts, from AED 450,000 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2013 price is 10.4%, before a service charge of about AED 108,700 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 25 September 2024.

Questions about 7003, 23 Marina Tower

What did unit 7003 last sell for?

AED 2,310,356 on 25 March 2013, sold by the developer: AED 409 per sqft for 5,645 sqft. It is the only registered sale of the unit.

What is the rent for unit 7003?

AED 240,000 a year on the contract renewed on 25 September 2024. The previous contract, from September 2023, was AED 240,000; the unit has been rented since October 2014.

How big is unit 7003?

5,645 sqft (524.4 sqm): a four-bedroom apartment on the 70th floor of a 88-storey tower completed in 2012.

What is unit 7003 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 7003, 23 Marina Tower

Starts from the last sale price (AED 2.31M, 25 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,310,356
Deposit, UAE resident (20%)
AED 462,071
Deposit, non-resident (40%)
AED 924,142
Monthly over 25 years at 3.7%
AED 9,452

Plus AED 102,045 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →