3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 15th floor · completed 2012

1504, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in April 2022, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 7 April 2022
Last soldAED 1.81M7 April 2022
Current rentAED 95K /yr25 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1504, 23 Marina Tower

What is 1504 worth today?

Last sold for AED 1,808,000 in 2022

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7 Apr 2022SoldReady
AED 1,808,000AED 842 per sqft
25 Sep 2020RentedNew contract
AED 95,000/yr12 months · AED 44 per sqft
16 Dec 2014RentedNew contract
AED 200,000/yr12 months · AED 93 per sqft
16 Dec 2013RentedNew contract
AED 200,000/yr12 months · AED 93 per sqft
13 Dec 2012SoldReady
AED 1,532,489AED 714 per sqft
1 Feb 2012Sold by developerOff-plan
AED 1,532,489AED 714 per sqft

Source: Dubai Land Department. Updated 7 April 2022.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
15th of 88
Parking
B4-88,65
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 1.81M · April 2022

About 1504, 23 Marina Tower

1504 is a three-bedroom apartment of 2,146 sqft on the 15th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 7 April 2022 for AED 1,808,000, or AED 842 per sqft, 5% above the AED 805 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 25 September 2020, is AED 95,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, 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, February 2012: AED 1,532,489 (AED 714 per sqft)Sold, December 2012: AED 1,532,489 (AED 714 per sqft)Sold, April 2022: AED 1,808,000 (AED 842 per sqft)

1504 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1504, each contractTypical three-bed in 23 Marina Tower
100K200K2012201620202024Typical 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, December 2013: AED 200,000 a yearNew contract, December 2014: AED 200,000 a yearNew contract, September 2020: AED 95,000 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 1504 sits

All 192 3-beds →

1504 last sold in April 2022 at AED 842 per sqft, 5% above what three-beds in 23 Marina Tower were fetching at the time (AED 805). 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. 1504's AED 95,000 is in the lower 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 15th floor

All 289 units in 23 Marina Tower
Value
15013-bedAED 3M · Sep 2026
15022-bedAED 2.15M · Jul 2026
15033-bedAED 2.96M · Mar 2024
15052-bedAED 1.54M · Nov 2012
15063-bedAED 2.4M · Dec 2023

1504, 23 Marina Tower in numbers

  • Sold 3 times: first on 1 February 2012 for AED 1,532,489, last on 7 April 2022 for AED 1,808,000 (AED 842 per sqft).
  • Rented since December 2013 on 3 Ejari contracts, from AED 200,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2022 price is 5.3%, 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 7 April 2022.

Questions about 1504, 23 Marina Tower

What did unit 1504 last sell for?

AED 1,808,000 on 7 April 2022: AED 842 per sqft for 2,146 sqft. The unit has 3 registered sales; the first was AED 1,532,489 in February 2012.

What is the rent for unit 1504?

AED 95,000 a year on the contract signed on 25 September 2020. The previous contract, from December 2014, was AED 200,000; the unit has been rented since December 2013.

How big is unit 1504?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 15th floor of a 88-storey tower completed in 2012.

What is unit 1504 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 1504, 23 Marina Tower

Starts from the last sale price (AED 1.81M, 7 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,808,000
Deposit, UAE resident (20%)
AED 361,600
Deposit, non-resident (40%)
AED 723,200
Monthly over 25 years at 3.7%
AED 7,397

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