602, Horizon Tower
Sold prices and rental history: sold 4 times, last in November 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Horizon Tower
What is 602 worth today?
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Source: Dubai Land Department. Updated 14 September 2023.
Key facts
- Type
- Apartment
- Size
- 2,451 sqft
- Floor
- 6th of 44
- Parking
- B3-57, B3-54
- Developer
- Gulf General Investments Co
- Completed
- 2006
- Service charge
- AED 35,600 /yr
- Last sold
- AED 1.6M · November 2021
- Building
- Horizon Tower
About 602, Horizon Tower
602 is an apartment of 2,451 sqft on the 6th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. It last sold on 2 November 2021 for AED 1,600,000, or AED 652 per sqft.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 14 September 2023, is AED 150,000 a year: a gross yield of 9.4% on the 2021 price, before the service charge of about AED 35,600 a year.
Horizon Tower
Building164 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%
Other units on the 6th floor
All 164 units in Horizon Tower602, Horizon Tower in numbers
- Sold 4 times: first on 26 March 2009 for AED 821,914, last on 2 November 2021 for AED 1,600,000 (AED 652 per sqft).
- Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 180,000 to AED 100,000 in 2021 and recovered to AED 150,000 by September 2023.
- At AED 150,000 a year the gross yield on the 2021 price is 9.4%, before a service charge of about AED 35,600 a year (AED 14.54 per sqft).
Source: Dubai Land Department. Updated 14 September 2023.
Questions about 602, Horizon Tower
What did unit 602 last sell for?
AED 1,600,000 on 2 November 2021: AED 652 per sqft for 2,451 sqft. The unit has 4 registered sales; the first was AED 821,914 in March 2009.
What is the rent for unit 602?
AED 150,000 a year on the contract signed on 14 September 2023. The previous contract, from September 2022, was AED 150,000; the unit has been rented since June 2018.
How big is unit 602?
2,451 sqft (227.7 sqm): an apartment on the 6th floor of a 44-storey tower completed in 2006.
What is unit 602 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 602, Horizon Tower
Starts from the last sale price (AED 1.6M, 2 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →