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3-bed · 2,146 sqft23 Marina Tower, Dubai Marina · 17th floor · completed 2012

1704, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in January 2018, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 4 January 2018
Last soldAED 2.2M4 January 2018
Current rentAED 205K /yr1 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1704, 23 Marina Tower

What is 1704 worth today?

Last sold for AED 2,200,000 in 2018

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4 Jan 2018SoldReady
AED 2,200,000AED 1,025 per sqft
1 Sep 2015RentedRenewal
AED 205,000/yr12 months · AED 96 per sqft
1 Sep 2014RentedNew contract
AED 205,000/yr12 months · AED 96 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 4 January 2018.

Key facts

Type
3-bed apartment
Size
2,146 sqft
Floor
17th of 88
Parking
B4-64,89
Developer
Hircon International
Completed
2012
Service charge
AED 41,300 /yr
Last sold
AED 2.2M · January 2018
Building
23 Marina Tower

About 1704, 23 Marina Tower

1704 is a three-bedroom apartment of 2,146 sqft on the 17th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 4 January 2018 for AED 2,200,000, or AED 1,025 per sqft, 12% below the AED 1,169 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 1 September 2015, is AED 205,000 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 41,300 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, January 2018: AED 2,200,000 (AED 1,025 per sqft)

1704 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1704, 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 2014: AED 205,000 a yearRenewal, September 2015: AED 205,000 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 1704 sits

All 192 3-beds →

1704 last sold in January 2018 at AED 1,025 per sqft, 12% below what three-beds in 23 Marina Tower were fetching at the time (AED 1,169). 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. 1704's AED 205,000 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 17th floor

All 289 units in 23 Marina Tower
Value
17013-bedAED 1.7M · Dec 2012
17022-bedAED 2.06M · Apr 2016
17033-bedAED 1.75M · Dec 2012
17052-bedAED 1.15M · Jan 2020
17063-bedAED 1.97M · Feb 2013

1704, 23 Marina Tower in numbers

  • Sold 3 times: first on 1 February 2012 for AED 1,532,489, last on 4 January 2018 for AED 2,200,000 (AED 1,025 per sqft).
  • Rented since September 2014 on 2 Ejari contracts, at AED 205,000 a year.
  • At AED 205,000 a year the gross yield on the 2018 price is 9.3%, 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 4 January 2018.

Questions about 1704, 23 Marina Tower

What did unit 1704 last sell for?

AED 2,200,000 on 4 January 2018: AED 1,025 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 1704?

AED 205,000 a year on the contract renewed on 1 September 2015. The previous contract, from September 2014, was AED 205,000.

How big is unit 1704?

2,146 sqft (199.4 sqm): a three-bedroom apartment on the 17th floor of a 88-storey tower completed in 2012.

What is unit 1704 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 1704, 23 Marina Tower

Starts from the last sale price (AED 2.2M, 4 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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