4-bed · 2,451 sqftHorizon Tower, Dubai Marina · 8th floor · completed 2006

802, Horizon Tower

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 1.64M25 November 2008
Current rentAED 155K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, Horizon Tower

What is 802 worth today?

Last sold for AED 1,643,827 in 2008

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1 Sep 2023RentedNew contract
AED 155,000/yr12 months · AED 63 per sqft
1 Oct 2020RentedNew contract · flagged as an outlier
AED 12,000/yr36 months · AED 5 per sqft
15 Nov 2019RentedNew contract · flagged as an outlier
AED 10,000/yr36 months · AED 4 per sqft
15 Nov 2017RentedNew contract · flagged as an outlier
AED 10,000/yr24 months · AED 4 per sqft
1 Nov 2016RentedNew contract
AED 165,000/yr12 months · AED 67 per sqft
1 Dec 2014RentedNew contract
AED 180,000/yr12 months · AED 73 per sqft
1 Dec 2013RentedNew contract
AED 170,000/yr12 months · AED 69 per sqft
25 Nov 2008Sold by developerReady
AED 1,643,827AED 670 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
4-bed apartment
Size
2,451 sqft
Floor
8th of 44
Parking
B3-43, B3-42
Developer
Gulf General Investments Co
Completed
2006
Service charge
AED 35,600 /yr
Last sold
AED 1.64M · November 2008

About 802, Horizon Tower

802 is a four-bedroom apartment of 2,451 sqft on the 8th floor of Horizon Tower, a 44-storey tower in Dubai Marina completed in 2006 by Gulf General Investments Co. The developer sold it on 25 November 2008 for AED 1,643,827, or AED 670 per sqft, 14% below the AED 776 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 September 2023, is AED 155,000 a year: a gross yield of 9.4% on the 2008 price, before the service charge of about AED 35,600 a year.

Sales and rents for 802 over time

Sales
Unit 802, 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, November 2008: AED 1,643,827 (AED 670 per sqft)

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

Rents
Unit 802, 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, December 2013: AED 170,000 a yearNew contract, December 2014: AED 180,000 a yearNew contract, November 2016: AED 165,000 a yearNew contract, September 2023: AED 155,000 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 802 sits

All 155 4-beds →

802 last sold in November 2008 at AED 670 per sqft, 14% below what four-beds in Horizon Tower were fetching at the time (AED 776). 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. 802's AED 155,000 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 8th floor

All 164 units in Horizon Tower
Value
8014-bedAED 1.5M · Aug 2019
8034-bedAED 1.84M · Nov 2022
8044-bedAED 1.7M · Nov 2019

802, Horizon Tower in numbers

  • Sold once: by Gulf General Investments Co on 25 November 2008 for AED 1,643,827, or AED 670 per sqft.
  • Rented since December 2013 on 7 Ejari contracts. The rent fell from AED 170,000 to AED 10,000 in 2019 and recovered to AED 155,000 by September 2023.
  • At AED 155,000 a year the gross yield on the 2008 price is 9.4%, before a service charge of about AED 35,600 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 1 September 2023.

Questions about 802, Horizon Tower

What did unit 802 last sell for?

AED 1,643,827 on 25 November 2008, sold by the developer: AED 670 per sqft for 2,451 sqft. It is the only registered sale of the unit.

What is the rent for unit 802?

AED 155,000 a year on the contract signed on 1 September 2023. The previous contract, from October 2020, was AED 12,000; the unit has been rented since December 2013.

How big is unit 802?

2,451 sqft (227.7 sqm): a four-bedroom apartment on the 8th floor of a 44-storey tower completed in 2006.

What is unit 802 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 802, Horizon Tower

Starts from the last sale price (AED 1.64M, 25 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,643,827
Deposit, UAE resident (20%)
AED 328,765
Deposit, non-resident (40%)
AED 657,531
Monthly over 25 years at 3.7%
AED 6,725

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