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

7203, 23 Marina Tower

Sold prices and rental history: sold twice, last in December 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7203 · DLD and Ejari recordsUpdated 5 December 2016
Last soldAED 7.15M5 December 2016
Current rentAED 470K /yr1 December 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7203, 23 Marina Tower

What is 7203 worth today?

Last sold for AED 7,150,000 in 2016

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5 Dec 2016SoldReady
AED 7,150,000AED 1,266 per sqft
1 Dec 2015RentedNew contract
AED 470,000/yr12 months · AED 83 per sqft
10 Jun 2013RentedNew contract
AED 345,589/yr12 months · AED 61 per sqft
25 Mar 2013Sold by developerReady
AED 2,310,356AED 409 per sqft

Source: Dubai Land Department. Updated 5 December 2016.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
72nd of 88
Parking
P2-53,54,55
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 7.15M · December 2016

About 7203, 23 Marina Tower

7203 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 5 December 2016 for AED 7,150,000, or AED 1,266 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 December 2015, is AED 470,000 a year: a gross yield of 6.6% on the 2016 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7203 over time

Sales
Unit 7203, 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)Sold, December 2016: AED 7,150,000 (AED 1,266 per sqft)

7203 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7203, 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, June 2013: AED 345,589 a yearNew contract, December 2015: AED 470,000 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 7203 sits

All 45 4-beds →
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
72014-bedAED 5.78M · Dec 2012
72024-bedAED 9M · Mar 2014
72044-bedAED 7M · Jan 2013

7203, 23 Marina Tower in numbers

  • Sold twice: first on 25 March 2013 for AED 2,310,356, last on 5 December 2016 for AED 7,150,000 (AED 1,266 per sqft).
  • Rented since June 2013 on 2 Ejari contracts, from AED 345,589 to AED 470,000 a year.
  • At AED 470,000 a year the gross yield on the 2016 price is 6.6%, before a service charge of about AED 108,700 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 5 December 2016.

Questions about 7203, 23 Marina Tower

What did unit 7203 last sell for?

AED 7,150,000 on 5 December 2016: AED 1,266 per sqft for 5,645 sqft. The unit has 2 registered sales; the first was AED 2,310,356 in March 2013.

What is the rent for unit 7203?

AED 470,000 a year on the contract signed on 1 December 2015. The previous contract, from June 2013, was AED 345,589.

How big is unit 7203?

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 7203 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 7203, 23 Marina Tower

Starts from the last sale price (AED 7.15M, 5 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 7,150,000
Deposit, UAE resident (20%)
AED 1,430,000
Deposit, non-resident (40%)
AED 2,860,000
Monthly over 25 years at 3.7%
AED 29,253

Plus AED 305,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →