4-bed · 5,645 sqft23 Marina Tower, Dubai Marina · 84th floor · completed 2012

8404, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 8404 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 10.75M20 May 2024
Current rentAED 350K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 8404, 23 Marina Tower

What is 8404 worth today?

Last sold for AED 10,747,685 in 2024

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20 May 2024SoldReady
AED 10,747,685AED 1,903 per sqft
1 Nov 2023RentedRenewal
AED 350,000/yr12 months · AED 62 per sqft
1 Nov 2022RentedRenewal
AED 300,000/yr12 months · AED 53 per sqft
1 Nov 2020RentedRenewal
AED 250,000/yr12 months · AED 44 per sqft
1 Nov 2019RentedRenewal
AED 300,000/yr12 months · AED 53 per sqft
1 Nov 2018RentedNew contract
AED 325,000/yr12 months · AED 58 per sqft
13 Dec 2016RentedNew contract
AED 400,000/yr12 months · AED 71 per sqft
5 Nov 2015RentedNew contract
AED 480,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
4-bed apartment
Size
5,645 sqft
Floor
84th of 88
Parking
G-1,2,3
Developer
Hircon International
Completed
2012
Service charge
AED 108,700 /yr
Last sold
AED 10.75M · May 2024

About 8404, 23 Marina Tower

8404 is a four-bedroom apartment of 5,645 sqft on the 84th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 20 May 2024 for AED 10,747,685, or AED 1,903 per sqft, 26% above the AED 1,505 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 350,000 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 108,700 a year.

Sales and rents for 8404 over time

Sales
Unit 8404, 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 5,655,698 (AED 1,001 per sqft)Sold, December 2012: AED 5,655,698 (AED 1,001 per sqft)Sold, May 2024: AED 10,747,685 (AED 1,903 per sqft)

8404 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 8404, each contractTypical four-bed in 23 Marina Tower
400K2012201620202024Typical 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, November 2013: AED 365,000 a yearNew contract, November 2014: AED 480,000 a yearNew contract, November 2015: AED 480,000 a yearNew contract, December 2016: AED 400,000 a yearNew contract, November 2018: AED 325,000 a yearRenewal, November 2019: AED 300,000 a yearRenewal, November 2020: AED 250,000 a yearRenewal, November 2022: AED 300,000 a yearRenewal, November 2023: AED 350,000 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 8404 sits

All 45 4-beds →

8404 last sold in May 2024 at AED 1,903 per sqft, 26% above what four-beds in 23 Marina Tower were fetching at the time (AED 1,505).

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 84th floor

All 289 units in 23 Marina Tower
Value
84014-bedAED 11.5M · Mar 2014
84024-bedAED 8.5M · Mar 2019
84034-bedAED 9.28M · Mar 2014

8404, 23 Marina Tower in numbers

  • Sold 3 times: first on 3 August 2009 for AED 5,655,698, last on 20 May 2024 for AED 10,747,685 (AED 1,903 per sqft).
  • Rented since November 2013 on 9 Ejari contracts. The rent fell from AED 365,000 to AED 250,000 in 2020 and recovered to AED 350,000 by November 2023.
  • At AED 350,000 a year the gross yield on the 2024 price is 3.3%, before a service charge of about AED 108,700 a year (AED 19.25 per sqft).

Source: Dubai Land Department. Updated 20 May 2024.

Questions about 8404, 23 Marina Tower

What did unit 8404 last sell for?

AED 10,747,685 on 20 May 2024: AED 1,903 per sqft for 5,645 sqft. The unit has 3 registered sales; the first was AED 5,655,698 in August 2009.

What is the rent for unit 8404?

AED 350,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 300,000; the unit has been rented since November 2013.

How big is unit 8404?

5,645 sqft (524.4 sqm): a four-bedroom apartment on the 84th floor of a 88-storey tower completed in 2012.

What is unit 8404 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 8404, 23 Marina Tower

Starts from the last sale price (AED 10.75M, 20 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 10,747,685
Deposit, UAE resident (20%)
AED 2,149,537
Deposit, non-resident (40%)
AED 4,299,074
Monthly over 25 years at 3.7%
AED 43,972

Plus AED 456,412 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →