3-bed · 2,161 sqft23 Marina Tower, Dubai Marina · 16th floor · completed 2012

1606, 23 Marina Tower

Sold prices and rental history: sold 4 times, last in April 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1606 · DLD and Ejari recordsUpdated 28 April 2022
Last soldAED 1.87M28 April 2022
Current rentAED 180K /yr24 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1606, 23 Marina Tower

What is 1606 worth today?

Last sold for AED 1,870,000 in 2022

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28 Apr 2022SoldReady
AED 1,870,000AED 865 per sqft
28 Sep 2020SoldReady
AED 1,300,000AED 601 per sqft
24 Sep 2017RentedNew contract
AED 179,501/yr12 months · AED 83 per sqft
24 Sep 2014RentedNew contract
AED 149,584/yr12 months · AED 69 per sqft
25 Sep 2013RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft
13 Dec 2012SoldReady
AED 2,024,825AED 936 per sqft
25 Sep 2012RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft
5 Jul 2009Sold by developerOff-plan
AED 2,024,825AED 936 per sqft

Source: Dubai Land Department. Updated 28 April 2022.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
16th of 88
Parking
B3-65,86
Developer
Hircon International
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 1.87M · April 2022

About 1606, 23 Marina Tower

1606 is a three-bedroom apartment of 2,161 sqft on the 16th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 28 April 2022 for AED 1,870,000, or AED 865 per sqft, 6% above the AED 819 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 24 September 2017, is AED 179,501 a year: a gross yield of 9.6% on the 2022 price, before the service charge of about AED 41,600 a year.

Sales and rents for 1606 over time

Sales
Unit 1606, 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, July 2009: AED 2,024,825 (AED 936 per sqft)Sold, December 2012: AED 2,024,825 (AED 936 per sqft)Sold, September 2020: AED 1,300,000 (AED 601 per sqft)Sold, April 2022: AED 1,870,000 (AED 865 per sqft)

1606 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1606, 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, September 2012: AED 150,000 a yearNew contract, September 2013: AED 150,000 a yearNew contract, September 2014: AED 149,584 a yearNew contract, September 2017: AED 179,501 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 1606 sits

All 192 3-beds →

1606 last sold in April 2022 at AED 865 per sqft, 6% above what three-beds in 23 Marina Tower were fetching at the time (AED 819). 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. 1606's AED 179,501 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 16th floor

All 289 units in 23 Marina Tower
Value
16013-bedAED 2.03M · Dec 2012
16022-bedAED 1.79M · Dec 2012
16033-bedAED 3.15M · Sep 2026
16043-bedAED 1.7M · Jul 2021
16052-bedAED 2.08M · Aug 2025

1606, 23 Marina Tower in numbers

  • Sold 4 times: first on 5 July 2009 for AED 2,024,825, last on 28 April 2022 for AED 1,870,000 (AED 865 per sqft).
  • Rented since September 2012 on 4 Ejari contracts, from AED 150,000 to AED 179,501 a year.
  • At AED 179,501 a year the gross yield on the 2022 price is 9.6%, before a service charge of about AED 41,600 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 28 April 2022.

Questions about 1606, 23 Marina Tower

What did unit 1606 last sell for?

AED 1,870,000 on 28 April 2022: AED 865 per sqft for 2,161 sqft. The unit has 4 registered sales; the first was AED 2,024,825 in July 2009.

What is the rent for unit 1606?

AED 179,501 a year on the contract signed on 24 September 2017. The previous contract, from September 2014, was AED 149,584; the unit has been rented since September 2012.

How big is unit 1606?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 16th floor of a 88-storey tower completed in 2012.

What is unit 1606 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 1606, 23 Marina Tower

Starts from the last sale price (AED 1.87M, 28 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,870,000
Deposit, UAE resident (20%)
AED 374,000
Deposit, non-resident (40%)
AED 748,000
Monthly over 25 years at 3.7%
AED 7,651

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