3-bed · 2,161 sqft23 Marina Tower, Dubai Marina · 17th floor · completed 2012

1706, 23 Marina Tower

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

Unit 1706 · DLD and Ejari recordsUpdated 20 March 2020
Last soldAED 1.97M10 February 2013
Current rentAED 100K /yr20 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, 23 Marina Tower

What is 1706 worth today?

Last sold for AED 1,970,343 in 2013

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20 Mar 2020RentedRenewal
AED 100,000/yr12 months · AED 46 per sqft
20 Mar 2019RentedRenewal
AED 100,000/yr12 months · AED 46 per sqft
25 Jan 2017RentedNew contract
AED 175,000/yr12 months · AED 81 per sqft
25 Jan 2015RentedNew contract
AED 200,000/yr12 months · AED 93 per sqft
25 Oct 2013RentedNew contract
AED 175,000/yr12 months · AED 81 per sqft
10 Feb 2013SoldReady
AED 1,970,343AED 911 per sqft
5 Jul 2009Sold by developerOff-plan
AED 1,970,343AED 911 per sqft

Source: Dubai Land Department. Updated 20 March 2020.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
17th of 88
Parking
B3-79,80
Developer
Hircon International
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 1.97M · February 2013

About 1706, 23 Marina Tower

1706 is a three-bedroom apartment of 2,161 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 10 February 2013 for AED 1,970,343, or AED 911 per sqft, in line with the AED 911 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 20 March 2020, is AED 100,000 a year: a gross yield of 5.1% on the 2013 price, before the service charge of about AED 41,600 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, 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 1,970,343 (AED 911 per sqft)Sold, February 2013: AED 1,970,343 (AED 911 per sqft)

1706 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1706, 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, October 2013: AED 175,000 a yearNew contract, January 2015: AED 200,000 a yearNew contract, January 2017: AED 175,000 a yearRenewal, March 2019: AED 100,000 a yearRenewal, March 2020: AED 100,000 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 1706 sits

All 192 3-beds →

1706 last sold in February 2013 at AED 911 per sqft, in line with what three-beds in 23 Marina Tower were fetching at the time (AED 911). 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. 1706's AED 100,000 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 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
17043-bedAED 2.2M · Jan 2018
17052-bedAED 1.15M · Jan 2020

1706, 23 Marina Tower in numbers

  • Sold twice: first on 5 July 2009 for AED 1,970,343, last on 10 February 2013 for AED 1,970,343 (AED 911 per sqft).
  • Rented since October 2013 on 5 Ejari contracts, from AED 175,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2013 price is 5.1%, 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 20 March 2020.

Questions about 1706, 23 Marina Tower

What did unit 1706 last sell for?

AED 1,970,343 on 10 February 2013: AED 911 per sqft for 2,161 sqft. The unit has 2 registered sales; the first was AED 1,970,343 in July 2009.

What is the rent for unit 1706?

AED 100,000 a year on the contract renewed on 20 March 2020. The previous contract, from March 2019, was AED 100,000; the unit has been rented since October 2013.

How big is unit 1706?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 17th floor of a 88-storey tower completed in 2012.

What is unit 1706 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 1706, 23 Marina Tower

Starts from the last sale price (AED 1.97M, 10 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,970,343
Deposit, UAE resident (20%)
AED 394,069
Deposit, non-resident (40%)
AED 788,137
Monthly over 25 years at 3.7%
AED 8,061

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