3-bed · 2,161 sqft23 Marina Tower, Dubai Marina · 18th floor · completed 2012

1801, 23 Marina Tower

Sold prices and rental history: sold 3 times, last in August 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1801 · DLD and Ejari recordsUpdated 1 August 2016
Last soldAED 2.45M1 August 2016
Current rentAED 170K /yr14 February 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1801, 23 Marina Tower

What is 1801 worth today?

Last sold for AED 2,450,000 in 2016

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1 Aug 2016SoldReady
AED 2,450,000AED 1,133 per sqft
14 Feb 2015RentedNew contract
AED 170,000/yr12 months · AED 79 per sqft
15 Feb 2014RentedRenewal
AED 170,458/yr12 months · AED 79 per sqft
15 Feb 2013RentedNew contract
AED 170,000/yr12 months · AED 79 per sqft
10 Feb 2013SoldReady
AED 1,696,686AED 785 per sqft
5 Jul 2009Sold by developerOff-plan
AED 1,696,686AED 785 per sqft

Source: Dubai Land Department. Updated 1 August 2016.

Key facts

Type
3-bed apartment
Size
2,161 sqft
Floor
18th of 88
Parking
B3-77,78
Developer
Hircon International
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 2.45M · August 2016

About 1801, 23 Marina Tower

1801 is a three-bedroom apartment of 2,161 sqft on the 18th floor of 23 Marina Tower, a 88-storey tower in Dubai Marina completed in 2012 by Hircon International. It last sold on 1 August 2016 for AED 2,450,000, or AED 1,133 per sqft, 6% below the AED 1,211 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 14 February 2015, is AED 170,000 a year: a gross yield of 6.9% on the 2016 price, before the service charge of about AED 41,600 a year.

Sales and rents for 1801 over time

Sales
Unit 1801, 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 1,696,686 (AED 785 per sqft)Sold, February 2013: AED 1,696,686 (AED 785 per sqft)Sold, August 2016: AED 2,450,000 (AED 1,133 per sqft)

1801 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1801, 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, February 2013: AED 170,000 a yearRenewal, February 2014: AED 170,458 a yearNew contract, February 2015: AED 170,000 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 1801 sits

All 192 3-beds →

1801 last sold in August 2016 at AED 1,133 per sqft, 6% below what three-beds in 23 Marina Tower were fetching at the time (AED 1,211). 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. 1801's AED 170,000 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 18th floor

All 289 units in 23 Marina Tower
Value
18022-bedAED 1.18M · Jul 2020
18033-bedAED 2.49M · Apr 2013
18043-bedAED 2.51M · Apr 2017
18052-bedAED 1.88M · Aug 2017
18063-bedAED 1.97M · Dec 2012

1801, 23 Marina Tower in numbers

  • Sold 3 times: first on 5 July 2009 for AED 1,696,686, last on 1 August 2016 for AED 2,450,000 (AED 1,133 per sqft).
  • Rented since February 2013 on 3 Ejari contracts, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2016 price is 6.9%, 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 1 August 2016.

Questions about 1801, 23 Marina Tower

What did unit 1801 last sell for?

AED 2,450,000 on 1 August 2016: AED 1,133 per sqft for 2,161 sqft. The unit has 3 registered sales; the first was AED 1,696,686 in July 2009.

What is the rent for unit 1801?

AED 170,000 a year on the contract signed on 14 February 2015. The previous contract, from February 2014, was AED 170,458; the unit has been rented since February 2013.

How big is unit 1801?

2,161 sqft (200.8 sqm): a three-bedroom apartment on the 18th floor of a 88-storey tower completed in 2012.

What is unit 1801 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 1801, 23 Marina Tower

Starts from the last sale price (AED 2.45M, 1 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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