4-bed · 2,409 sqftHorizon Tower, Dubai Marina · 2nd floor · completed 2006

204, Horizon Tower

Sold prices and rental history: sold twice, last in June 2018, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 1.75M20 June 2018
Current rentAED 150K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 204, Horizon Tower

What is 204 worth today?

Last sold for AED 1,750,000 in 2018

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15 Feb 2024RentedRenewal
AED 150,000/yr48 months · AED 62 per sqft
15 Feb 2020RentedRenewal
AED 200,000/yr48 months · AED 83 per sqft
20 Jun 2018SoldReady
AED 1,750,000AED 726 per sqft
6 Aug 2017RentedNew contract
AED 175,000/yr12 months · AED 73 per sqft
14 Sep 2009Sold by developerReady
AED 1,700,000AED 705 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
4-bed apartment
Size
2,409 sqft
Floor
2nd of 44
Parking
B3-85, B3-84
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,000 /yr
Last sold
AED 1.75M · June 2018

About 204, Horizon Tower

204 is a four-bedroom apartment of 2,409 sqft on the 2nd floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 20 June 2018 for AED 1,750,000, or AED 726 per sqft, 21% below the AED 923 four-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 15 February 2024, is AED 150,000 a year: a gross yield of 8.6% on the 2018 price, before the service charge of about AED 35,000 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical four-bed in Horizon Tower
2M3M2008201320182023Typical sale price by year: 2008 AED 1,919,950; 2009 AED 1,672,177; 2010 AED 1,887,500; 2011 AED 1,615,000; 2012 AED 1,727,266; 2013 AED 2,200,000; 2014 AED 2,960,000; 2015 AED 2,500,000; 2016 AED 2,575,000; 2017 AED 3,300,000; 2018 AED 1,837,500; 2019 AED 1,500,000; 2020 AED 1,500,000; 2021 AED 1,579,000; 2022 AED 1,880,000; 2023 AED 2,600,000; 2024 AED 2,708,092; 2025 AED 2,950,000Sold by developer, September 2009: AED 1,700,000 (AED 705 per sqft)Sold, June 2018: AED 1,750,000 (AED 726 per sqft)

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

Rents
Unit 204, each contractTypical four-bed in Horizon Tower
100K150K200K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 168,000; 2014 AED 186,250; 2015 AED 195,000; 2016 AED 180,000; 2017 AED 174,517; 2018 AED 163,750; 2019 AED 150,000; 2020 AED 120,000; 2021 AED 115,000; 2022 AED 145,500; 2023 AED 180,000; 2024 AED 205,000; 2025 AED 215,000; 2026 AED 200,000New contract, August 2017: AED 175,000 a yearRenewal, February 2020: AED 200,000 a yearRenewal, February 2024: 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 Horizon Tower, and where 204 sits

All 155 4-beds →

204 last sold in June 2018 at AED 726 per sqft, 21% below what four-beds in Horizon Tower were fetching at the time (AED 923). Over the last 12 months four-beds sold for AED 2,500,000 to 3,000,000, around AED 1,020 per sqft, and rent for AED 140,000 to 300,000 a year. 204's AED 150,000 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
12 Dec 20252,500,000
12 Dec 20252,500,000
31 Jul 20252,600,000
10 Jul 20253,200,000
3 4-bed sales in the last 12 months

Horizon Tower

Building

164 apartments, 4-bed over 44 floors in Dubai Marina, completed in 2006 by Gulf General Investments Co. 3 sold in the last 12 months.

Typical price per sqft
AED 1,020
Typical sale
AED 2.5M
Typical rent
AED 230K /yr
Typical yield
9.2%
Horizon Tower, Dubai Marina: prices, sales and rents →

Other units on the 2nd floor

All 164 units in Horizon Tower
Value
2014-bedAED 1.7M · Mar 2018
2024-bedAED 1.73M · Aug 2013
2034-bedAED 2.6M · Feb 2010

204, Horizon Tower in numbers

  • Sold twice: first on 14 September 2009 for AED 1,700,000, last on 20 June 2018 for AED 1,750,000 (AED 726 per sqft).
  • Rented since August 2017 on 3 Ejari contracts, from AED 175,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2018 price is 8.6%, before a service charge of about AED 35,000 a year (AED 14.54 per sqft).
  • Four-beds in Horizon Tower sold for AED 2,500,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,020 per sqft.

Source: Dubai Land Department. Updated 15 February 2024.

Questions about 204, Horizon Tower

What did unit 204 last sell for?

AED 1,750,000 on 20 June 2018: AED 726 per sqft for 2,409 sqft. The unit has 2 registered sales; the first was AED 1,700,000 in September 2009.

What is the rent for unit 204?

AED 150,000 a year on the contract renewed on 15 February 2024. The previous contract, from February 2020, was AED 200,000; the unit has been rented since August 2017.

How big is unit 204?

2,409 sqft (223.8 sqm): a four-bedroom apartment on the 2nd floor of a 44-storey tower completed in 2006.

What is unit 204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Horizon Tower sold for AED 2,500,000 to 3,000,000 in the last 12 months, around AED 1,020 per sqft.

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Mortgage on 204, Horizon Tower

Starts from the last sale price (AED 1.75M, 20 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →