2-bed · 1,617 sqft23 Marina Tower, Dubai Marina · 14th floor · completed 2012

1402, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in June 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 4 June 2024
Last soldAED 2.01M4 June 2024
Current rentAED 165K /yr16 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1402, 23 Marina Tower

What is 1402 worth today?

Last sold for AED 2,010,000 in 2024

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4 Jun 2024SoldReady
AED 2,010,000AED 1,243 per sqft
16 Feb 2023RentedNew contract
AED 165,000/yr12 months · AED 102 per sqft
8 Aug 2018SoldReady
AED 1,825,000AED 1,128 per sqft
1 May 2014RentedNew contract
AED 185,000/yr12 months · AED 115 per sqft
25 Dec 2012SoldReady
AED 1,557,340AED 963 per sqft
10 Aug 2009Sold by developerOff-plan
AED 1,557,340AED 963 per sqft

Source: Dubai Land Department. Updated 4 June 2024.

Key facts

Type
2-bed apartment
Size
1,617 sqft
Floor
14th of 88
Parking
B4-77
Developer
Hircon International
Completed
2012
Service charge
AED 31,100 /yr
Last sold
AED 2.01M · June 2024

About 1402, 23 Marina Tower

1402 is a two-bedroom apartment of 1,617 sqft on the 14th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 4 June 2024 for AED 2,010,000, or AED 1,243 per sqft, in line with the AED 1,240 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 16 February 2023, is AED 165,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 31,100 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical two-bed in 23 Marina Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,519,230; 2010 AED 1,404,509; 2012 AED 1,494,159; 2013 AED 1,408,778; 2014 AED 2,400,000; 2016 AED 1,985,000; 2018 AED 1,950,000; 2020 AED 1,150,000; 2021 AED 1,225,000; 2023 AED 1,787,500; 2025 AED 2,200,000; 2026 AED 2,150,000Sold by developer, August 2009: AED 1,557,340 (AED 963 per sqft)Sold, December 2012: AED 1,557,340 (AED 963 per sqft)Sold, August 2018: AED 1,825,000 (AED 1,128 per sqft)Sold, June 2024: AED 2,010,000 (AED 1,243 per sqft)

1402 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1402, each contractTypical two-bed in 23 Marina Tower
100K150K200K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 132,500; 2014 AED 150,000; 2015 AED 150,000; 2016 AED 150,000; 2017 AED 149,000; 2018 AED 127,000; 2019 AED 118,169; 2020 AED 109,000; 2021 AED 95,000; 2022 AED 105,000; 2023 AED 121,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 132,500New contract, May 2014: AED 185,000 a yearNew contract, February 2023: AED 165,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in 23 Marina Tower, and where 1402 sits

All 48 2-beds →

1402 last sold in June 2024 at AED 1,243 per sqft, in line with what two-beds in 23 Marina Tower were fetching at the time (AED 1,240). Over the last 12 months two-beds sold for AED 2,100,000 to 3,250,000, around AED 1,329 per sqft, and rent for AED 125,000 to 205,000 a year. 1402's AED 165,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Aug 20262,100,000
22 Jul 20262,150,000
12 Jun 20263,250,000
30 Oct 20252,200,000
3 2-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. 14 sold in the last 12 months.

Typical price per sqft
AED 1,370 Down 6.1%
Typical sale
AED 3.13M
Typical rent
AED 203K /yr
Typical yield
6.1%
23 Marina Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 289 units in 23 Marina Tower
Value
14013-bedAED 1.86M · Dec 2012
14033-bedAED 2.3M · Feb 2018
14043-bedAED 2.52M · Jan 2014
14052-bedAED 1.25M · Jun 2021
14063-bedAED 1.41M · Feb 2020

1402, 23 Marina Tower in numbers

  • Sold 4 times: first on 10 August 2009 for AED 1,557,340, last on 4 June 2024 for AED 2,010,000 (AED 1,243 per sqft).
  • Rented since May 2014 on 2 Ejari contracts, from AED 185,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 31,100 a year (AED 19.25 per sqft).
  • Two-beds in 23 Marina Tower sold for AED 2,100,000–3,250,000 in the 12 months to November 2026; the building's median across all types is AED 1,370 per sqft.

Source: Dubai Land Department. Updated 4 June 2024.

Questions about 1402, 23 Marina Tower

What did unit 1402 last sell for?

AED 2,010,000 on 4 June 2024: AED 1,243 per sqft for 1,617 sqft. The unit has 4 registered sales; the first was AED 1,557,340 in August 2009.

What is the rent for unit 1402?

AED 165,000 a year on the contract signed on 16 February 2023. The previous contract, from May 2014, was AED 185,000.

How big is unit 1402?

1,617 sqft (150.2 sqm): a two-bedroom apartment on the 14th floor of a 88-storey tower completed in 2012.

What is unit 1402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 23 Marina Tower sold for AED 2,100,000 to 3,250,000 in the last 12 months, around AED 1,329 per sqft.

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Mortgage on 1402, 23 Marina Tower

Starts from the last sale price (AED 2.01M, 4 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,010,000
Deposit, UAE resident (20%)
AED 402,000
Deposit, non-resident (40%)
AED 804,000
Monthly over 25 years at 3.7%
AED 8,224

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