3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 14th floor · completed 2012

1403, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in February 2018, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 27 July 2023
Last soldAED 2.3M15 February 2018
Current rentAED 200K /yr27 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, 23 Marina Tower

What is 1403 worth today?

Last sold for AED 2,300,000 in 2018

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27 Jul 2023RentedNew contract
AED 200,000/yr12 months · AED 93 per sqft
17 Apr 2022RentedNew contract
AED 170,000/yr12 months · AED 79 per sqft
15 Feb 2018SoldReady
AED 2,300,000AED 1,071 per sqft
25 Nov 2017RentedNew contract
AED 197,647/yr3 months · AED 92 per sqft
1 Sep 2016RentedRenewal
AED 185,000/yr12 months · AED 86 per sqft
1 Sep 2015RentedNew contract
AED 185,000/yr12 months · AED 86 per sqft
5 Aug 2014RentedNew contract
AED 183,000/yr12 months · AED 85 per sqft
13 Dec 2012SoldReady
AED 1,751,416AED 816 per sqft

Source: Dubai Land Department. Updated 27 July 2023.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
14th of 88
Parking
B4-15,16
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 2.3M · February 2018

About 1403, 23 Marina Tower

1403 is a three-bedroom apartment of 2,146 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 15 February 2018 for AED 2,300,000, or AED 1,071 per sqft, 4% below the AED 1,118 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 27 July 2023, is AED 200,000 a year: a gross yield of 8.7% on the 2018 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1403 over time

Sales
Unit 1403, each saleTypical three-bed in 23 Marina Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 2,591,257; 2010 AED 2,390,742; 2011 AED 1,856,941; 2012 AED 2,375,388; 2013 AED 2,699,226; 2014 AED 3,000,000; 2015 AED 3,300,000; 2016 AED 2,450,000; 2017 AED 2,605,000; 2018 AED 2,100,100; 2019 AED 2,000,000; 2020 AED 1,500,000; 2021 AED 2,200,000; 2022 AED 2,130,000; 2023 AED 3,465,000; 2024 AED 2,957,419; 2025 AED 3,850,001; 2026 AED 3,100,000Sold by developer, June 2012: AED 1,751,416 (AED 816 per sqft)Sold, December 2012: AED 1,751,416 (AED 816 per sqft)Sold, February 2018: AED 2,300,000 (AED 1,071 per sqft)

1403 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1403, each contractTypical three-bed in 23 Marina Tower
150K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 182,308; 2014 AED 201,400; 2015 AED 216,500; 2016 AED 200,000; 2017 AED 190,000; 2018 AED 180,000; 2019 AED 165,000; 2020 AED 137,500; 2021 AED 145,000; 2022 AED 167,500; 2023 AED 200,000; 2024 AED 200,000; 2025 AED 209,200; 2026 AED 210,000New contract, August 2012: AED 183,000 a yearNew contract, August 2014: AED 183,000 a yearNew contract, September 2015: AED 185,000 a yearRenewal, September 2016: AED 185,000 a yearNew contract, November 2017: AED 197,647 a yearNew contract, April 2022: AED 170,000 a yearNew contract, July 2023: AED 200,000 a year

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

3-beds in 23 Marina Tower, and where 1403 sits

All 192 3-beds →

1403 last sold in February 2018 at AED 1,071 per sqft, 4% below what three-beds in 23 Marina Tower were fetching at the time (AED 1,118). Over the last 12 months three-beds sold for AED 2,700,000 to 4,500,000, around AED 1,375 per sqft, and rent for AED 60,055 to 305,000 a year. 1403's AED 200,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
18 Sep 20264,500,000
18 Sep 20262,900,000
16 Sep 20263,000,000
16 Sep 20262,950,000
9 3-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
14022-bedAED 2.01M · Jun 2024
14043-bedAED 2.52M · Jan 2014
14052-bedAED 1.25M · Jun 2021
14063-bedAED 1.41M · Feb 2020

1403, 23 Marina Tower in numbers

  • Sold 3 times: first on 25 June 2012 for AED 1,751,416, last on 15 February 2018 for AED 2,300,000 (AED 1,071 per sqft).
  • Rented since August 2012 on 7 Ejari contracts, from AED 183,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2018 price is 8.7%, before a service charge of about AED 41,300 a year (AED 19.25 per sqft).
  • Three-beds in 23 Marina Tower sold for AED 2,700,000–4,500,000 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 27 July 2023.

Questions about 1403, 23 Marina Tower

What did unit 1403 last sell for?

AED 2,300,000 on 15 February 2018: AED 1,071 per sqft for 2,146 sqft. The unit has 3 registered sales; the first was AED 1,751,416 in June 2012.

What is the rent for unit 1403?

AED 200,000 a year on the contract signed on 27 July 2023. The previous contract, from April 2022, was AED 170,000; the unit has been rented since August 2012.

How big is unit 1403?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 14th floor of a 88-storey tower completed in 2012.

What is unit 1403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in 23 Marina Tower sold for AED 2,700,000 to 4,500,000 in the last 12 months, around AED 1,375 per sqft.

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Mortgage on 1403, 23 Marina Tower

Starts from the last sale price (AED 2.3M, 15 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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