4-bed · 5,645 sqft23 Marina Tower, Dubai Marina · 72nd floor · completed 2012

7201, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7201 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 5.78M16 December 2012
Current rentAED 424K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7201, 23 Marina Tower

What is 7201 worth today?

Last sold for AED 5,775,750 in 2012

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1 May 2024RentedRenewal
AED 423,500/yr12 months · AED 75 per sqft
1 May 2023RentedRenewal
AED 423,500/yr12 months · AED 75 per sqft
22 Dec 2020RentedNew contract
AED 300,000/yr12 months · AED 53 per sqft
6 May 2019RentedNew contract
AED 325,000/yr12 months · AED 58 per sqft
1 Jul 2016RentedNew contract
AED 435,000/yr12 months · AED 77 per sqft
1 Jul 2015RentedNew contract
AED 388,500/yr12 months · AED 69 per sqft
1 Jul 2014RentedNew contract
AED 388,500/yr12 months · AED 69 per sqft
1 Jul 2013RentedNew contract
AED 370,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
72nd of 88
Parking
P2-60,61,62
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 5.78M · December 2012

About 7201, 23 Marina Tower

7201 is a four-bedroom apartment of 5,645 sqft on the 72nd floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 16 December 2012 for AED 5,775,750, or AED 1,023 per sqft, in line with the AED 1,013 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 423,500 a year: a gross yield of 7.3% on the 2012 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7201 over time

Sales
Unit 7201, 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, September 2009: AED 5,775,750 (AED 1,023 per sqft)Sold, December 2012: AED 5,775,750 (AED 1,023 per sqft)

7201 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7201, each contractTypical four-bed in 23 Marina Tower
300K400K500K2012201620202024Typical 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, July 2013: AED 370,000 a yearNew contract, July 2014: AED 388,500 a yearNew contract, July 2015: AED 388,500 a yearNew contract, July 2016: AED 435,000 a yearNew contract, May 2019: AED 325,000 a yearNew contract, December 2020: AED 300,000 a yearRenewal, May 2023: AED 423,500 a yearRenewal, May 2024: AED 423,500 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 7201 sits

All 45 4-beds →

7201 last sold in December 2012 at AED 1,023 per sqft, in line with what four-beds in 23 Marina Tower were fetching at the time (AED 1,013).

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 72nd floor

All 289 units in 23 Marina Tower
Value
72024-bedAED 9M · Mar 2014
72034-bedAED 7.15M · Dec 2016
72044-bedAED 7M · Jan 2013

7201, 23 Marina Tower in numbers

  • Sold twice: first on 14 September 2009 for AED 5,775,750, last on 16 December 2012 for AED 5,775,750 (AED 1,023 per sqft).
  • Rented since July 2013 on 8 Ejari contracts. The rent fell from AED 370,000 to AED 300,000 in 2020 and recovered to AED 423,500 by May 2024.
  • At AED 423,500 a year the gross yield on the 2012 price is 7.3%, before a service charge of about AED 108,700 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 1 May 2024.

Questions about 7201, 23 Marina Tower

What did unit 7201 last sell for?

AED 5,775,750 on 16 December 2012: AED 1,023 per sqft for 5,645 sqft. The unit has 2 registered sales; the first was AED 5,775,750 in September 2009.

What is the rent for unit 7201?

AED 423,500 a year on the contract renewed on 1 May 2024. The previous contract, from May 2023, was AED 423,500; the unit has been rented since July 2013.

How big is unit 7201?

5,645 sqft (524.4 sqm): a four-bedroom apartment on the 72nd floor of a 88-storey tower completed in 2012.

What is unit 7201 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 7201, 23 Marina Tower

Starts from the last sale price (AED 5.78M, 16 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 5,775,750
Deposit, UAE resident (20%)
AED 1,155,150
Deposit, non-resident (40%)
AED 2,310,300
Monthly over 25 years at 3.7%
AED 23,630

Plus AED 247,592 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →