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4-bed · 5,645 sqft23 Marina Tower, Dubai Marina · 74th floor · completed 2012

7403, 23 Marina Tower

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

Unit 7403 · DLD and Ejari recordsUpdated 14 February 2020
Last soldAED 6.64M25 December 2012
Current rentAED 150K /yr14 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7403, 23 Marina Tower

What is 7403 worth today?

Last sold for AED 6,642,273 in 2012

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14 Feb 2020RentedRenewal
AED 150,000/yr36 months · AED 27 per sqft
15 Feb 2017RentedRenewal
AED 250,224/yr36 months · AED 44 per sqft
15 Feb 2016RentedNew contract
AED 250,000/yr12 months · AED 44 per sqft
25 Dec 2012SoldReady
AED 6,642,273AED 1,176 per sqft
9 Oct 2012RentedNew contract
AED 230,000/yr12 months · AED 41 per sqft
18 Aug 2009Sold by developerOff-plan
AED 6,642,273AED 1,176 per sqft

Source: Dubai Land Department. Updated 14 February 2020.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
74th of 88
Parking
P2-28,29,30
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 6.64M · December 2012
Building
23 Marina Tower

About 7403, 23 Marina Tower

7403 is a four-bedroom apartment of 5,645 sqft on the 74th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 25 December 2012 for AED 6,642,273, or AED 1,176 per sqft, 15% above the AED 1,023 four-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 14 February 2020, is AED 150,000 a year: a gross yield of 2.3% on the 2012 price, before the service charge of about AED 108,700 a year.

Sales and rents for 7403 over time

Sales
Unit 7403, 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, August 2009: AED 6,642,273 (AED 1,176 per sqft)Sold, December 2012: AED 6,642,273 (AED 1,176 per sqft)

7403 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7403, 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 2012: AED 230,000 a yearNew contract, February 2016: AED 250,000 a yearRenewal, February 2017: AED 250,224 a yearRenewal, February 2020: AED 150,000 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 7403 sits

All 45 4-beds →

7403 last sold in December 2012 at AED 1,176 per sqft, 15% above what four-beds in 23 Marina Tower were fetching at the time (AED 1,023).

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 74th floor

All 289 units in 23 Marina Tower
Value
74014-bedAED 8.5M · Mar 2013
74024-bedAED 5.63M · Dec 2012
74044-bedAED 12.6M · Nov 2023

7403, 23 Marina Tower in numbers

  • Sold twice: first on 18 August 2009 for AED 6,642,273, last on 25 December 2012 for AED 6,642,273 (AED 1,176 per sqft).
  • Rented since October 2012 on 4 Ejari contracts, from AED 230,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2012 price is 2.3%, before a service charge of about AED 108,700 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 14 February 2020.

Questions about 7403, 23 Marina Tower

What did unit 7403 last sell for?

AED 6,642,273 on 25 December 2012: AED 1,176 per sqft for 5,645 sqft. The unit has 2 registered sales; the first was AED 6,642,273 in August 2009.

What is the rent for unit 7403?

AED 150,000 a year on the contract renewed on 14 February 2020. The previous contract, from February 2017, was AED 250,224; the unit has been rented since October 2012.

How big is unit 7403?

5,645 sqft (524.4 sqm): a four-bedroom apartment on the 74th floor of a 88-storey tower completed in 2012.

What is unit 7403 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 7403, 23 Marina Tower

Starts from the last sale price (AED 6.64M, 25 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 6,642,273
Deposit, UAE resident (20%)
AED 1,328,455
Deposit, non-resident (40%)
AED 2,656,909
Monthly over 25 years at 3.7%
AED 27,176

Plus AED 283,986 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →